Justice Shares and the Summer That Was Promised: Where the File Really Stands, and What Liberalization Would Mean for the Tehran Bourse (Thursday, 23 July 2026)

Iran's economy minister promised people would taste the "sweetness of Justice Shares liberalization" in summer 2026. We are now mid-summer and the file is still open: the framework is approved, but the provincial investment companies' general meetings are unfinished, the prosecutor has been drawn in, and parliament's economic commission has objected to the new directive. This report separates the real status from the rumors and fact-checks three recurring claims. This is not buy or sell advice.