US dollar price rises in Iran amid political concerns

The US dollar price in the Iranian market experienced a significant increase, rising by 4,000 tomans to reach 265,000 tomans. This surge is attributed to heightened political concerns regarding potential future developments and discussions between Iranian and American officials about the possibility of renewed conflicts.

Market volatility is also being driven by psychological factors, including news regarding the Strait of Hormuz and rumors of potential US military actions. Additionally, traders have engaged in risk hedging ahead of the weekend holidays, further driving up demand. The Euro followed a similar upward trend, increasing by 6,000 tomans to reach 298,000 tomans. Economic analysts suggest that currency market fluctuations will remain high as long as political tensions remain unresolved.