Iran’s Stock Market Rises Despite US Blockade, Energy Shortages and Currency Decline
Iran's stock market is rising amid a US blockade, energy shortages and a falling national currency. The rally may reflect expectations of a peace deal between Tehran and Washington, or a lack of other ways to protect savings.
Yulduz Salimov1 min readText size
Iran's stock market is rising despite a US blockade, energy shortages and a decline in the national currency.
The market's rise may mean one of two things: either investors believe Tehran and Washington will soon reach a peace agreement, or they have no other way to stop their savings from losing value.
Cut off from most of the international banking system, Iran's Central Bank is increasingly resorting to capital controls and restrictions on foreign currency to contain the economic fallout.
Source: jpost.com
