Iran Market Pulse: Friday Morning, July 31, 2026; Brent Is up 20% in a Month

Which number mattered more this week? The dollar, or oil? The answer may surprise you. Brent crude trades near eighty five and a half dollars today, twenty percent above a month ago. Why? Because the market has priced a premium for supply risk on shipping routes. Gold, silver and Bitcoin, though, each went their own separate way this morning. Here is the catch: oil is down thirteen percent from its ninety eight dollar peak. In the domestic market, the latest prices date to Thursday, the thirtieth of July. Because today is Friday, and Tehran's currency, gold and equity markets are closed. The only live thermometer is Tether, at about one hundred ninety three thousand tomans. Three maritime chokepoints are under pressure at once, and that makes this month different. For Tehran that means more currency income, but higher freight and insurance costs too. The Tehran exchange closed the week at five million seventy five thousand points. The week ahead: Saturday's reopening, the OPEC plus decision, and commodity offerings. So today's verdict is clear: this week's winner was oil, not the dollar. The answer: oil. Does it hold above eighty five dollars, or fall back below seventy five?