Articles
Neutral, dated analysis and explainers across Iran’s markets.
Iran's Two Dollar Rates Drift 4 Points Wider This Week as TEDPIX Ends Its 20-Session Rally in the Red; Market Pulse, Saturday, September 5, 2026
Market Pulse, Sep 5, 2026: the gap between Iran's free dollar (221,060 tomans) and official rate (160,022 tomans) widened from 34.5% to about 38.1%, the Emami coin premium hit a weeks-low (189,000 tomans), and TEDPIX fell 1.21% to 6,503,971 points Wednesday, ending a 20-session rally as retail investors pulled out roughly 5,600 billion tomans. A strong US jobs report pushed gold and bitcoin down while Brent headed for its best week since mid-July.
Dollar Hits Record 209,300 Tomans, Brent Tops $90 as Iran-US Tension Escalates; Iran Market Pulse, Tuesday, 10 Shahrivar 1405 / September 1, 2026: TEDPIX Sets Fresh Record Anyway
Iran Market Pulse, Tuesday, 10 Shahrivar 1405 (September 1, 2026): Tehran's free market dollar hit a record 209,300 tomans Monday evening and Brent crude topped $90, as the US struck Iran's Larak Island and Iran hit back at bases in Jordan and the UAE. TEDPIX still closed up 0.49% at a record 6,547,932 points Monday, even as retail investors pulled about 2 trillion tomans out of stocks. Global gold held steady and bitcoin stood near $78,700.
Tehran Bourse's Biggest-Ever IPO Opens Today; Iran Market Pulse, Monday, 9 Shahrivar 1405: The Dollar Gained 6,110 Tomans in a Week, TEDPIX Set a New Record
Today, Monday, 9 Shahrivar 1405 (August 31, 2026), Taban Petrochemical's shares, 4.6875 billion of them, go public in the largest IPO in Tehran Stock Exchange history. It comes right after a week in which TEDPIX jumped 2.03 percent Saturday to a record 6,516,184 points and the free-market dollar climbed 6,110 tomans (3.06 percent), from 199,900 tomans on 1 Shahrivar to 206,010 tomans on Saturday.
Iran Market Pulse, Morning, Sunday, August 30, 2026: TEDPIX Jumps 2.03% to a Record 6,516,157 as Global Gold Steadies After Friday's 3% Drop and the Coin Hits a New High
Tehran's TEDPIX jumped 2.03% on Saturday, 29 August 2026, to a fresh record of 6,516,157 points, its best week in ten weeks. Global gold steadied around $4,454 after Thursday night's 3%-plus drop, while Tehran's free-market dollar rose 2.7% to 206,010 tomans, pushing the Emami coin to a fresh record of 218,010,000 tomans. Mordad's year-on-year inflation hit a record 89%.
Tehran Stock Exchange Closes the Week at a Record 6,386,576 Points the Same Night Global Gold Drops 3 Percent on Fed Remarks: Market Pulse, Morning of Saturday, August 29, 2026
Tehran's benchmark TEDPIX index rose 2.6 percent on Wednesday, August 26 (4 Shahrivar) to a record 6,386,576 points, capping a roughly 5.4 percent weekly gain. But on Friday night, August 28 (6 Shahrivar), hawkish remarks from Fed Chair Kevin Warsh at Jackson Hole sent global gold down 3.08 percent to $4,458.89 and pulled bitcoin back toward $78,400; odds of a September Fed rate hike now sit near 50 percent.
Global Gold at a Three-Month High as the Dollar Sits Near a Multi-Month Low; Market Pulse, Friday Morning, Aug 28, 2026; Tehran's Bourse Closed With Its Record 6,386,000-Point Week
Friday morning, Aug 28, 2026 (6 Shahrivar 1405): Tehran's bourse and commodity exchange are closed, but global gold, which hit a three-month high of $4,696 on Monday, trades at $4,580 today, the dollar sits near a multi-month low and bitcoin holds near $80,000. In Tehran, TEDPIX closed the week at a record 6,386,577 points and the free-market dollar has eased from a weekly peak of 203,000 tomans to a 200,000-202,000 toman range.
As the Global Dollar Nears a Multi Month Low, Gold Holds Near a Three Month High and Bitcoin Nears $80,000; Tehran's 18 Karat Gold Hits a Record 21,746,400 Tomans (Market Pulse, Morning, Friday, 6 Shahrivar 1405)
Tehran's bourse is closed this Friday morning, 6 Shahrivar 1405, but parallel markets are hot: global gold, which traded at $4,590 to $4,600 on Thursday, its highest in more than three months, eased slightly to $4,580 this morning; the US Dollar Index is down 1.69 percent over the past month, near a multi month low, and bitcoin has reached $79,862. In Tehran, 18 karat gold hit 21,746,400 tomans this morning and the free market dollar traded at 200,600 to 201,960 tomans yesterday.
Dozens of Large Stocks Hit Buy Queues as TEDPIX Sets a Fresh Record; Iran Market Pulse, Midday Wednesday, Shahrivar 4, 1405 (August 26, 2026); Bitcoin Retreats From Its $81,250 Record, Iran Oil Exports Sink to 300,000 Barrels
Today, Wednesday, Shahrivar 4, 1405 (August 26, 2026), TEDPIX was up 2.52 percent (156,870 points) as of 10:59am, reaching 6,380,749 points, extending its recent record-breaking run; dozens of large stocks, including Bank Tejarat, Fameli, Shepna and Fars, stayed in buy queues. Meanwhile bitcoin retreated from yesterday's record of $81,250 to around $79,000, and Iran's crude oil exports sank to a 300,000 barrel-per-day floor in Mordad, as seven tankers loaded at once at an Iraqi terminal.
Tehran's Main Index Jumped 1.85 Percent Today to a Record High; Iran Market Pulse, Tuesday Midday, Shahrivar 3, 1405; Bitcoin Topped $81,000 as China's Iran Oil Imports Fell to a Multi-Month Low
Tehran's TEDPIX index jumped 1.85 percent (112,999 points) by 10:59 am Tehran time today, Tuesday, Shahrivar 3, 1405 (August 25, 2026), to 6,212,955 points, an all-time high; the equal-weight index rose 1.36 percent and Farabourse 1.3 percent. Bitcoin topped $81,148 overnight and China's Iran oil imports fell to about 534,000 barrels a day in August, down from two-thirds of July's level; the free-market dollar and gold, however, held steady today.
Market Pulse, Midday Monday, Shahrivar 2, 1405; The Dollar Crosses 201,000 Tomans and TEDPIX Sets a Fresh Record, Hours After Bessent Announces Washington's Largest Economic Attack on Iran
The free market dollar reached 201,810 tomans on Sahmino's board today, Monday, Shahrivar 2, 1405, and 18 karat gold set a fresh record with a 2.63 percent gain, while TEDPIX also built a third straight record high. The simultaneous jump in both safe haven and risk assets came hours after US Treasury Secretary Scott Bessent announced the start of Washington's largest economic attack on Iran; oil is trading down about 2 percent.
18-Karat Gold Hits a Third Straight Record, Tops 21 Million Tomans; Iran Market Pulse, Midday Sunday, Sept 1 Shahrivar 1405, TEDPIX Nears 6.1 Million Points
Eighteen-karat gold in Tehran hit 21,469,200 tomans today, Sunday, Sept 1 Shahrivar 1405 (August 23, 2026), a third straight record, up about 4.7 percent from Saturday. TEDPIX reached 6,099,092 points in trading today, Tether's toman price jumped nearly 1.3 percent, and markets await tomorrow's US sanctions package.
6,066,678 Points: Tehran's TEDPIX Breaks Through 6 Million for the First Time, Iran Market Pulse, Midday Saturday, Mordad 31, 1405 (August 22, 2026); US and UAE Both Ratchet Up Pressure on Iran
Midday Saturday, Mordad 31, 1405 (August 22, 2026): Tehran's TEDPIX jumped 1.91% to 6,066,678 points, breaking through 6 million for the first time; Farabourse rose 1.77%. In parallel, the US Treasury Secretary vowed the "toughest sanctions in history" on Iran, the UAE suspended all trade and financial ties with Iran "until further notice," and Brent neared $94.
Bitcoin Jumped Nearly 10 Percent Overnight to Cross $76,000, Global Gold Neared $4,560; Iran Market Pulse, Midday Friday, August 21, 2026
Bitcoin climbed nearly 10% in a day to reach $76,505 by 10:52 a.m. Tehran time today, Friday, 30 Mordad 1405; global gold hit $4,567.72. Wall Street fell overnight (Nasdaq down 1%). The Tehran Stock Exchange and Farabourse are closed today and tomorrow; in Tehran, 18-karat gold neared 20 million tomans and the Emami coin neared 200 million tomans.
Trump Vows the "Most Crushing" Sanctions Yet on Iran; Iran Market Pulse, Midday Thursday, Aug 20, 2026: Global Gold Breaks Above $4,500 as Dollar, Gold and Coin Rise Together
Trump said early Thursday, August 20, 2026, that he will soon unveil the "most crushing economic action" in history against Iran, as Strait of Hormuz diplomacy stalled again and confirmed tanker transits fell 17 percent. Global gold broke above $4,500 for the first time in two months, trading near $4,485 by 11am Tehran time; Tehran's free-market dollar rose 0.63%, 18-karat gold 1.06% and the Emami coin 0.77%, while the coin premium fell roughly 40%. Tehran's bourse is closed today.
Brent Crosses $90 as Strait of Hormuz Tensions Rise: Iran Market Pulse, Midday Tuesday, Aug 18, 2026; TEDPIX Hits 5.914 Million
Brent crude jumped more than 2.5% on Monday evening, August 17, to cross $90 a barrel, and sits near $91 today, Tuesday, August 18, 2026. The UK Maritime Trade Operations agency reported a fresh maritime incident in the Strait of Hormuz this morning, and Reuters reported Iran has shifted to an "offensive" posture. Meanwhile Tehran's TEDPIX rose 0.28% to 5,914,672 by 11am, while the dollar and domestic gold stayed calm.
Iran Market Pulse, Midday Monday, August 17, 2026: TEDPIX Jumps 2.3% Past 5.898 Million as Gold and Coin Retreat
Tehran Stock Exchange's TEDPIX index jumped 2.3 percent (132,479 points) from yesterday's close by 11 a.m. today, Monday, August 17, 2026, reaching a fresh record of 5,898,860 points, while the equal weighted index rose 2.28 percent. In the same hours, gold and coin prices in Tehran eased and the Emami coin's premium kept deflating, while the free market dollar held near 186,680 tomans with no significant change.
Emami Coin's Premium, Days After Spiking, Shrank 16.6 Percent Overnight; Iran Market Pulse, Midday Sunday, August 16, 2026
The Emami gold coin's premium, which had jumped more than 50 percent less than two weeks earlier, fell 16.61 percent (about 602,000 tomans) from the prior day on the evening of Saturday, August 15, 2026, to 3,625,000 tomans; Tehran's gold and coin market was broadly lower Sunday, August 16. Meanwhile TEDPIX was essentially flat at midday Sunday near 5,731,000 points, while the equal weighted index rose nearly 1.1 percent and Farabourse nearly 1.3 percent, leading today's advance.
No Crude Tanker Crossed the Strait of Hormuz for the First Time, Brent Hits $88; Iran Market Pulse, Midday Saturday, August 15, 2026
Saturday, August 15, 2026 (24 Mordad 1405): Reuters, citing Kpler shipping data, reported that no crude tanker crossed the Strait of Hormuz on Friday. A third ADNOC vessel was attacked in under two days, and Trump said he would declare Hormuz US "territory." Brent hit $88.52 a barrel at 4:53 am today. Tehran's TEDPIX, after three closed sessions, is nearly flat near 5,736,032 points as of 10:59 am, while gold and coin prices, down this morning, turned higher by midday.
Market Pulse, Midday Friday, August 14, 2026: Brent Hits the $88 Range After an Attack on Two ADNOC Ships in the Strait of Hormuz, Near a 4% Weekly Gain
Friday, August 14, 2026: The UAE said Iran targeted two ADNOC ships transiting the Strait of Hormuz on Thursday evening and called it piracy. Brent crude jumped into the $88 range and, per global market reports, is on course for a nearly 4% weekly gain. Global gold slipped, but Tehran's gold and coin market got more expensive, according to the Tehran Gold and Jewelry Union. Tehran's bourse and free currency market stayed quiet for the weekend.
Tehran Cement Bag Price Holds at 291,000 Tomans for a Week; Mordad's Surge Has Stopped (Thursday, August 13, 2026)
Tehran's 50kg cement bag price, which jumped from 218,000 to 291,000 tomans between August 2 and 7, 2026, has held at 291,000 through August 13. Iran's Statistics Center says Tehran's construction input price index grew 20.7 percent quarter-on-quarter in spring 1405, nearly half the prior quarter's 36 percent, even as annual growth reached 80 percent.
OPEC and IEA Cut 2026 Oil Demand Forecasts as Brent Slips to the $88 Channel; Iran Market Pulse, Thursday Midday, 22 Mordad 1405
Thursday midday, 22 Mordad 1405 (Aug 13, 2026): OPEC and the IEA cut their 2026 oil demand forecasts over the continued closure of the Strait of Hormuz, and Brent fell about half a percent to $88.51. Hormuz traffic fell to just 8 vessels Tuesday. Tehran's bourse and Farabourse are closed today, and the dollar and gold saw only limited moves in the parallel markets.
Dollar Snaps Five Day Slide, Tops 187,000 Tomans as Emami Coin Premium Jumps More Than 50 Percent Overnight; Market Pulse, Midday Wednesday, Mordad 21, 1405
Midday Wednesday, Mordad 21, 1405 (August 12, 2026): Tehran's free market dollar jumped 1.19 percent to 187,800 tomans, snapping its five day slide, while the Emami gold coin's premium jumped 51.67 percent overnight to about 4,227,000 tomans. Tehran's TEDPIX closed at a record in the 5.7 million point channel yesterday and was still holding that range this morning. Global gold traded near $4,400 and Brent crude near $90.
Iran Market Pulse: Tuesday Midday, 20 Mordad 1405 / August 11, 2026; TEDPIX Sets a Second Straight Record, Tops 5.742 Million
By about 11:00am Tehran on Tuesday, 20 Mordad 1405 (August 11, 2026), Tehran's TEDPIX index rose 1.57% (up 88,618 points) to top 5.742 million, a second straight record session. Brent crude extended its recent rally past $89 as fresh Houthi missile strikes on Yemen and a drone attack on Libya's Zawiya refinery revived the Strait of Hormuz risk premium.
Iran Market Pulse: Monday Midday, August 10, 2026; TEDPIX Sets Fresh Record, Tops 5.62 Million Points
By midday Monday, 19 Mordad 1405 (August 10, 2026), Tehran's TEDPIX index broke through 5,622,272 points for a fresh all time high (up 1.12 percent as of 11am), while the free market dollar held flat at 185,600 tomans for a second straight day and Brent crude notched a third day of gains toward $84 on continued Strait of Hormuz uncertainty.
Iran Market Pulse: Sunday Midday, August 9, 2026; TEDPIX Extends Its Rally Past 5.567 Million Points
By 11:00 a.m. Tehran time on Sunday, August 9, 2026 (18 Mordad 1405), Tehran's TEDPIX index rose 0.85% (47,068 points) to 5,567,409, building on yesterday's record close above 5.52 million; today's trading value already topped all of yesterday's full session. The free-market dollar, which had eased to 185,900 tomans Saturday evening, bounced back to 186,400 tomans this morning, 18-karat gold was little changed, and bitcoin hovered near $64,857.
Iran Market Pulse: Saturday Midday, August 8, 2026; Tehran Bourse Opens the Week With a 2.3% Jump, Tops 5.5 Million Points
By midday Saturday, 17 Mordad 1405 (August 8, 2026), Tehran's main TEDPIX index jumped 2.34% (126,478 points) in the week's first session, clearing 5.5 million points to stand at 5,534,379; an extension of a week that closed with roughly 7% gains and over 13 trillion tomans of retail inflows. Meanwhile the dollar and gold stayed quiet, and the US Treasury sanctioned two Iran-linked crypto exchanges.
Tehran Cement Jumped 33.5% in Two Weeks, Passing Its Early-Summer Level; the Bag-to-Bulk Premium Nearly Doubled at Most Makers (Friday, August 7, 2026)
Tehran's 50 kilogram cement bag rose from about 218,000 tomans on July 24, 2026 to 291,000 tomans on August 7, a jump of about 33.5% in two weeks that puts it roughly 15% above its late-June level. Saveh cement rose just 4% and Abyek about 12% over the same span. At the same time the bag-to-bulk premium roughly doubled at most makers. This analysis is not a buy or sell recommendation.
Iran Market Pulse: Friday Midday, August 7, 2026; Gold and Silver Jump Ahead of the US Jobs Report as Gold Hits $4,289
At midday Friday, 16 Mordad 1405 (August 7, 2026), with the Tehran Stock Exchange closed for the week, global spot gold rose about 1.1% to $4,289 an ounce and silver jumped more than 3% to near $63.70, both ahead of the US July jobs report due at 16:00 Tehran time, which could sharpen the outlook for Fed rate policy. Brent crude traded near $83.40 as Strait of Hormuz tensions persisted.
Iran Market Pulse: Thursday Midday, August 6, 2026; Global Gold Hits Seven-Week High, Tops $4,250
On Thursday, 15 Mordad 1405 (August 6, 2026), with the Tehran Stock Exchange closed for the week, global spot gold rose nearly 6% since the start of the week to $4,262.17 an ounce, a seven-week high. Reports that Iran and the US are nearing a Strait of Hormuz shipping-corridor deal pushed Brent crude down about 10% this week, drove the free market dollar below 188,000 tomans, and lifted TEDPIX to a record above 5.4 million points on Wednesday.
Tehran Cement Fell About 14% in Three Weeks While Saveh and Abyek Held; the Bagged Premium Now Spans 9% to 41% (Friday, July 24, 2026)
A 50 kg bag of Tehran cement has slipped from about 253,000 tomans on June 30 to 218,000 tomans on July 24, 2026, roughly 14% lower, while Saveh and Abyek barely moved. A stranger anomaly sits in the same data: the bagged-over-bulk premium ranges from 9% to 41% across producers. This report reads both against the industrial-power file, which was just settled for the next two Iranian months. This analysis is not buy or sell advice.
Iran Market Pulse: Thursday Midday, 23 July 2026; Brent Holds Above $96 While Gold Slips From Its $4,150 Record
Midday market update, Thursday 23 July 2026 (Tehran bourse closed for the weekend); the only live board is the global market, and today two risk assets split. Brent crude held above $96 (96.29), up about 2%, while spot gold eased about 0.7% to around $4,109, pulling back from Wednesday's $4,150 record. Domestic prices are frozen on Wednesday's close: the free-market dollar near 192,000 tomans and gram gold about 19 million. Eyes are on the Federal Reserve meeting on 29 July.
Iran Market Pulse: Thursday Morning, 1 Mordad 1405 (23 July 2026); Brent Jumps Toward $96 and Gold Ends the Week at a Record
Weekly market review, Thursday 1 Mordad 1405 (23 July 2026), bourse closed. A week defined by one thing: the Strait of Hormuz risk premium. Brent jumped from about $88 toward $96, spot gold climbed near $4,150, and 18-karat gram gold entered the 19-million-toman channel; the free-market dollar settled near 192,000 toman after a 194,000 record, and the bourse ended a long red run with three green sessions. All eyes now turn to the Federal Reserve meeting on 7 Mordad (29 July).
Iran Market Pulse: Wednesday Morning, July 22, 2026; Gold and Coins Climb Again as the Dollar Returns Above 190,000 Tomans
Wednesday morning, 31 Tir 1405 (22 July 2026): Tuesday was one of those rare sessions when gold, coins, the dollar and the bourse all rose together, with only oil falling. A gram of 18-karat gold gained about 1.4% to roughly 18,445,000 tomans, the Emami coin reached around 186 million tomans, and the free-market dollar returned to the 190,000-toman channel (near 190,300). The TEDPIX booked a second green session at 4,887,552. Global gold held above $4,000 ahead of next week's Fed meeting.
Iran Market Pulse: Tuesday Midday, 21 July 2026; The Bourse Extends Its Rebound to a Second Green Session as the Index Climbs Near 4,887,000
Tuesday midday, 21 July 2026 (30 Tir 1405): mid-session, Tehran's main index (TEDPIX) rose about 1.5 percent (near 74,000 points) to around 4,887,000, extending a second straight green session; the OTC index added about 2 percent. Behind the move: roughly 3,000 billion tomans of real-money inflow on Monday. The free dollar held near 187,700 tomans, the Exchange Center rate was 150,915, and globally gold stayed above 4,000 dollars while Brent firmed about 1.7 percent to 89 dollars.
Iran Market Pulse: Tuesday Morning, 21 July 2026; the bourse ends a seven-session losing streak with a green close as the dollar holds near 187,700 tomans
Tuesday morning, 21 July 2026 (30 Tir 1405). For weeks the headlines have tracked the dollar's records, but the number that actually turned yesterday was the stock index: Tehran's TEDPIX closed Monday up about 1.2 percent (nearly 58,000 points) at 4,813,503, its first green session after seven straight red ones. The free-market dollar, near 194,000 tomans earlier in the week, settled calm around 187,700, and spot gold climbed back above 4,000 dollars overnight, toward about 4,040.
Iran Market Pulse: Monday Midday, 20 July 2026; Tehran Stocks Turn Green After Seven Red Sessions as the Dollar Steadies Near 193,000 Tomans
By midday on Monday, 20 July 2026 (29 Tir 1405), Tehran's overall stock index rebounded about 1.6 percent (nearly 80,000 units) to around 4,833,000, its first green session after seven straight declines. The free-market dollar held near 193,000 tomans, gram gold sat around 18,765,000 tomans, spot gold clung to the 4,000 dollar line, and Brent crude held near 91 dollars on Strait of Hormuz worries.
Iran Market Pulse: Monday Morning, July 20, 2026; the Dollar Backs Off Its 194,000-Toman Record, but Its Gap With the Official Rate Widens to 42,000 Tomans
After days of record-setting, the parallel market caught its breath: by the evening of Sunday, 28 Tir 1405 (19 July 2026) the free-market dollar had eased to about 193,000 tomans, but its gap with the roughly 150,000-toman official ("toafoghi") rate widened past 42,000 tomans. 18-karat gold fell nearly 2%, yet the coin premium rose, and by early Monday Brent crude jumped more than 3% to the 91-dollar mark. The Tehran bourse logged another down session.
Iran Market Pulse: Sunday Midday, 19 July 2026; The Dollar Holds Its 194,500-Toman Record as the Bourse Slides Toward a 9th Straight Loss
Sunday midday, 28 Khordad 1405 (19 July 2026): the market is pulling in two directions. The free dollar sits at a record near 194,500 toman and a gram of 18-karat gold holds in the 19-million-toman channel, yet the Tehran bourse index is trading about 0.6 percent lower by 11 a.m. and, if it holds, heads for a 9th straight losing session. The divergence between the bourse and the parallel market is today's main story.
Iran Market Pulse: Sunday Morning, July 19, 2026; Gram Gold Leaps Nearly 5% Into the 19-Million Channel as the Free-Market Dollar Sets a 194,500-Toman Record
On the morning of Sunday, 28 Tir 1404 (19 July 2026), the Tehran bourse reopens amid a multi-week slide. Saturday evening the free-market dollar hit a fresh record near 194,500 toman and a gram of 18-karat gold jumped almost 5% into the 19-million-toman channel; the less-watched twist was that because coins rose slower than gold, the Emami coin premium deflated about 19% to roughly 6 million toman.
Iran Market Pulse: Saturday Midday, 18 July 2026; Tehran bourse falls about 2.5% on the week's first session as the agreed dollar breaks into the 150,000-toman channel
Saturday midday, 27 Tir 1405 (18 July 2026): on the week's first session and its eighth straight down day, the Tehran bourse fell nearly 2.5% by around 11 a.m., the main index near 4,776,000 points. Meanwhile the agreed dollar (the official rate) entered the 150,000-toman channel for the first time (150,237 toman), toman Tether stood at 194,581, and spot gold held above 4,000 dollars, on the day Iran's delegation sat at the Oman table over the Strait of Hormuz.
Iran Market Pulse: Saturday Morning, July 18, 2026; the Dollar Hits a Fresh Record Near 191,000 Tomans as Global Markets Turn Higher Alongside the Oman Table
On the morning of Saturday, 27 Tir 1405 (18 July 2026), the Tehran bourse reopens after the weekend following a seventh straight losing session. The free-market dollar reached a fresh record near 191,000 tomans (up nearly 8 percent on the week), and just as the Iranian delegation sits down at the Oman table, global markets priced tension back in: spot gold returned above $4,000 and Brent crude jumped 4.36 percent to $88.
Iran Market Pulse: Friday Morning, 17 July 2026; Global Gold Slips Below $4,000 as Markets Eye Saturday's Oman Talks
Market Pulse, Friday morning, 17 July 2026 (26 Tir 1405, bourse closed). The world priced de-escalation: spot gold below $4,000 (~$3,992), Brent off its one-month high (~$84.4), and a fresh round of Iran-US talks set for Saturday in Oman. Yet Iran's street is still at records: the free-market dollar ~188,600 tomans, Tether ~189,000, and the Emami coin premium ~7,194,000 tomans. The gap between global calm and domestic fear, and the test of the Oman table.
Iran Market Pulse: Thursday Midday, July 16, 2026; Global Gold Slips Below $4,050 as the Free-Market Dollar Holds Its 188,000-Toman Record
Midday market update, Thursday 25 Tir 1405 (16 July 2026), bourse closed. With no Tehran session, only the global markets that never rest were live, and that is where the news was: spot gold pulled back from Tuesday's near $4,080 peak to around $4,040, and Bitcoin eased to $64,554. At home, the free-market dollar held its record near 188,250 toman and gold and coins kept Wednesday's levels. The world prices this conflict as contained; Iran's street does not.
Iran Market Pulse: Thursday Morning, 16 July 2026; The Week the Ceasefire Collapsed and the Dollar Hit a Record 188,000 Tomans
Weekly market review, Thursday morning, 25 Tir 1405 (16 July 2026, bourse closed): the week the Islamabad accord collapsed, the US reimposed its naval blockade of Iranian ports, and the free-market dollar jumped 2.22% on Wednesday to a record 188,200 tomans. Gram of 18-karat gold reached 18.36 million tomans and the coin premium leapt about 25% in one day, yet the Tehran bourse stayed red all week while global gold and Brent fell on blockade day. Two markets, two opposite bets.
Iran Market Pulse: Wednesday Midday, 15 July 2026; the Tehran bourse stays red intraday as global gold slips from its $4,080 peak
Midday Wednesday, 15 July 2026 (24 Tir 1405); mid-session, Tehran's main index (TEDPIX) is down about 0.29% near 4,910,330 for another red day, while the free-market dollar holds a record 184,110 tomans and a gram of 18-karat gold sits near 17,891,000 tomans. The fresh driver is external: spot gold has slipped from Tuesday's ~$4,080 peak to about $4,037 as the oil spike revives bets on a Federal Reserve rate hike.
Iran Market Pulse: Wednesday Morning, 15 July 2026; Emami Coin Near 181 Million Tomans as Global Gold Holds Near $4,050
Wednesday morning, 24 Tir 1405 (15 July 2026). In overnight and early parallel-market trade, gold and coins ran ahead of the dollar: the Emami coin rose 2.25% to about 180,985,000 tomans and a gram of 18-karat gold gained 1.19% to about 17,892,000 tomans, while the free-market dollar held its record 184,110 tomans. The driver was global gold near $4,050 after a soft US inflation print. Tehran's bourse fell again, with 3,275 billion tomans of retail money leaving the market.
Iran Market Pulse: Tuesday Midday, July 14, 2026; Tehran Bourse Slips Below 4.92 Million as Global Gold Reclaims $4,000
At midday on Tuesday, 23 Tir 1405 (14 July 2026), Tehran's TEDPIX index fell about 1.08% in the live session to 4,913,868 points (below 4.92 million), while the free-market dollar held near its record (the toman-tether proxy around 183,220 tomans) and global gold, which had slid below $4,000 on Monday, climbed back above that line. Brent crude traded near $85.8 and bitcoin near $62,605. The midday winners were gold and the dollar; the loser was equities.
Iran Market Pulse: Tuesday Morning, July 14, 2026; The Dollar Sets a New Record and Brent Oil Nears $85
Early Tuesday, 23 Tir 1405 (July 14, 2026), the live free-market dollar (Tether-toman proxy) reached about 183,000 tomans, a fresh record; the dollar had closed Monday at 180,985. Brent neared $85 on the continuing Strait of Hormuz disruption, global gold slipped below $4,000, and the Tehran index closed Monday down 1.79% at 4,966,761. Amid the sell-off, Tehran Oil Refining (Shatran) reported a 287% jump in FY1404 net profit.
Iran Market Pulse: Monday Midday, July 13, 2026; Tehran Stock Exchange Stays Below 5 Million in a Sixth Down Session as the Dollar Hovers Near 180,000 Tomans
By around 11:00 a.m. on Monday, 22 Tir 1405 (13 July 2026), Tehran's main index (TEDPIX) was down about 1.9% at 4,961,293, staying below the 5-million mark for a sixth straight session. At the same hour the free-market dollar traded near 179,800 tomans and 18-karat gold near 17,660,000 tomans a gram. A roughly 4% jump in Brent crude to about $79, driven by Strait of Hormuz tension, failed to lift equities.
Iran Market Pulse: Monday Morning, 13 July 2026; Hormuz Tension Lifts Oil 4%, but Global Gold Retreats
At dawn on Monday, 22 Tir 1405 (13 July 2026), the usual pattern flipped: Brent crude jumped nearly 4% to about $79 as Strait of Hormuz tensions escalated, while spot gold fell for a second session to around $4,055. At home, the Tehran Stock Exchange closed Sunday down 2.51% (5,055,648), its fifth losing session, while the free-market dollar held near 179,600 tomans and the Emami coin around 178 million tomans. The same risk lifting oil is grinding down the bourse.
Iran Market Pulse: Sunday Midday, July 12, 2026; Stocks Fell a 5th Day, but Gold and Coins Bounced Back
On Sunday, 21 Tir 1405 (12 July 2026), Iran's markets split two ways: the Tehran Stock Exchange's main index fell 2.51% to 5,055,648 (a 5th straight losing session), while gold and coins rebounded. A gram of 18-karat gold rose 0.93% to 17,638,200 tomans, the Emami coin gained 1.41%, and its premium re-widened to about 4.4 million tomans. The free-market dollar edged up too. Is money rotating out of stocks into safe havens?
Iran Market Pulse: Sunday Morning, July 12, 2026; Gold and Coin Fell Harder Than the Dollar as Global Gold Held Near $4,100
On Saturday, 20 Tir 1405 (11 July 2026), Iran's domestic gold and coin fell harder than the dollar: a gram of 18-karat gold dropped 2.64% to 17,476,100 tomans, the Emami coin slid 3.11%, and the free-market dollar eased 1.92% back to 178,200 tomans, all while global spot gold held near $4,100. The TEDPIX index also shed 2.01%. A bottom, or more correction? A look before today's reopening.
Iran Market Pulse: Saturday Midday, July 11, 2026; Tehran Stock Exchange Sheds 2.12% at Week's Reopening
Tehran Stock Exchange's main index (TEDPIX) fell 109,826 points (2.12%) to 5,177,030 by 10:58 AM Tehran time in the week's first trading session, Saturday, July 11, 2026 (20 Tir 1405), the market's first price reaction to two days of Iran-US military escalation over the weekend and the free-market dollar's jump into the 182,000-toman channel. Global gold held at $4,121 an ounce and bitcoin traded near $64,200.
Iran Market Pulse: Friday Morning, July 10, 2026
After the ceasefire collapsed completely, the US military bombed nearly 90 targets across five Iranian provinces over two straight days, and Iran's health ministry said at least 14 people were killed and 78 wounded; Iran struck US bases in Kuwait, Bahrain, Qatar and Jordan with drones and missiles. The free-market dollar neared the 182,000-toman mark, Brent held near $78, and the Tehran bourse is closed on Friday, July 10.
Iran Market Pulse: Thursday Morning, July 9, 2026
Iran's free-market dollar broke through the 180,000-toman channel before dawn on Thursday, July 9, 2026 (18 Tir 1405), reaching 180,195 toman, after Trump declared the US-Iran ceasefire "over" and three tankers were attacked in the Strait of Hormuz. Tehran's TEDPIX fell 24,741 points on Wednesday, global gold slipped, and Brent jumped above $78.
Iran Market Pulse: Wednesday Morning, July 8, 2026
Wednesday morning, 17 Tir 1405 (July 8, 2026): the US Treasury revoked Iran's dollar oil-sales license overnight, hours after an attack on three tankers in the Strait of Hormuz, and Brent crude climbed to about $76.18 by this morning. Tehran's TEDPIX rose 2.4% on Tuesday to 5,311,527 points, and refiners Shepna and Shabandar reacted to the oil jump today. The free-market dollar was trading around 175,300 tomans before the news broke.
Iran Market Pulse: Tuesday Morning, July 7, 2026
Tehran's stock exchange reopened Tuesday, July 7, 2026 (16 Tir 1405), after a three day closure; the index fell about 1% at the open, but by 11am market breadth had improved to 194 advancing symbols against 143 declining. The free market dollar reached 175,700 tomans, 18k gold rose to 17,737,000 tomans, and Bitcoin held near $63,000 after Strategy's record $216 million sale.
Iran Market Pulse: Monday Morning, July 6, 2026
On the final day of the Tehran Stock Exchange's three-day closure for the state funeral, parallel markets kept trading: the free-market dollar hit 175,600 tomans, the Emami coin premium jumped over 24% in a month, and global gold climbed back above $4,170. Trading resumes Tuesday, July 7, after Wednesday's green close (TEDPIX at 5,187,000).
Iran Market Pulse: Sunday Morning, July 5, 2026
Sunday, 14 Tir 1405 (July 5, 2026) is the second day of a three-day closure of all four of Iran's capital-market pillars for the state funeral of Iran's former Supreme Leader; trading resumes Tuesday, 16 Tir (July 7). Meanwhile OPEC+ meets today on August output, Brent crude trades near $72, and the free-market dollar holds around 175,400 tomans.
Power Rationing and Gas Cuts to Iran's Cement Plants Tighten Supply (July 2, 2026)
Iran's grid operator Tavanir has rationed electricity to cement and steel plants province by province from June through August 2026, and gas has been cut entirely to cement plants in several provinces. Meanwhile, wholesale cement bag prices in Tehran and Saveh reached about 253,000 toman by June 30, 2026, and Sufian cement about 281,000 toman.
Iran Market Pulse: The Week That Was and the Week Ahead (June 27 to July 1, 2026)
Iran Market Pulse, week of June 27 to July 1, 2026 (6 to 10 Tir 1405): The free-market dollar jumped about 9%, from 161,500 to roughly 176,000 tomans in a week; gold and coins rose in step, and the Emami coin premium widened about 44% to 7,863,000 tomans. TEDPIX fell 1.95% on Sunday but ended the week up just 0.21% net. All figures current as of Wednesday evening, July 1, 2026 (10 Tir 1405).
Iran Market Pulse: Wednesday Morning, July 1, 2026
Iran Market Pulse, Wednesday morning, July 1, 2026: TEDPIX rose 68,399 points in Tuesday's session to close at 5,127,628, reclaiming the 5.1 million mark. The free-market dollar traded around 172,100 toman and the official agreed rate around 147,305 toman. Global gold hovers below $4,000 and Bitcoin trades around $58,500. All figures as of Tuesday evening, June 30, 2026.
Iran Market Pulse: Tuesday Morning, June 30, 2026
Iran market snapshot for Tuesday morning, 9 Tir 1405: the free-market dollar closed Monday up 5.54% at 170,450 tomans. TEDPIX fell 0.34% to 5,058,126 while the equal-weight index edged up 0.14%. Global gold sits near $3,985/oz after its worst June since 2008. Brent crude at $74.01. Doha nuclear talks continue.
Iran Market Pulse: Monday Morning, Tir 8, 1405 / June 29, 2026
Monday morning, June 29, 2026 (8 Tir 1405): Tehran's TEDPIX fell 100,762 points (−1.95%) to 5,075,593 on Sunday's session with 7.2 trillion tomans of individual-investor net outflow. USD free market: ~173,700 tomans; official (agreed) rate: 146,957 tomans. 18K gold: ~16,886,800 tomans/gram nearing the 17M channel. Emami coin: ~178M tomans. Bitcoin: $59,860. Brent crude: $73.61.
Iran Market Pulse: Sunday Morning, 7 Tir 1405 (June 28, 2026)
On Sunday 7 Tir 1405 (June 28, 2026), Iran's free-market dollar hovered at 166,500 to 167,000 tomans; Emami gold coin reached 166.5M tomans; TEDPIX gained 15,460 points on Saturday to close near 5,176,000; Bitcoin recovered to ~$60,000 from its weekly low; Tether at ~166,400 tomans. Brent crude hit its lowest since late February 2026 as the Strait of Hormuz partially reopened under the US-Iran ceasefire framework.
Market Pulse, Saturday Morning 27 June 2026
Market Pulse, Saturday 27 June 2026 (6 Tir 1405): free-market USD at 161,500 tomans; TSE index closed its last session (23 June) up 1.74% to 5,160,000; Bitcoin at $59,500 – $60,100; Brent crude near $72 (-10% weekly post-OFAC); auto market in deep slump; cement 253,000 – 281,000 tomans per bag.
Iran Market Pulse: Weekly Review, June 20-24, 2026 (30 Khordad to 4 Tir 1405)
A historic week: the Iran-US ceasefire signed June 19, 2026 reopened the Strait of Hormuz, driving Brent crude down to $73.74/bbl by week's end. The Tehran Stock Exchange was closed Wednesday, June 24 (Tasu'a holiday), with a broader trading suspension through Thursday. Gold fell to $3,998.71/oz; Bitcoin at $62,752; free-market dollar near 172,800 tomans (last verified June 13). Full TSE data unavailable due to market closure and suspension.
Iran Market Pulse: Weekly Review, Thursday, 25 June 2026 (4 Tir 1405)
Weekly market review for Iran, covering the week of 30 Khordad to 3 Tir 1405 (20 to 24 June 2026): the TEDPIX touched 5.16 million before a 53,000-point pullback on Wednesday closed the week below 5.1 million. The free-market dollar held at 160,000 to 161,500 tomans. Global gold fell 3.6%. Bitcoin dropped 4.5% weekly. Brent crude fell below $74 to its lowest since late February 2026.