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Jun 14, 2026
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Iran Markets React as US Deal Nears, Hardliners Push Back

AI Summary
Iran's markets are reacting positively to the possibility of an interim deal with the US, with the national currency strengthening and stock markets reaching new highs. However, hardliners within Iran are pushing back against the deal, citing concerns over concessions to the US.

The Lead

Iran's markets are welcoming the prospects of an interim understanding with the United States that could offer relief after more than 100 days of hostilities and tension.

Market Reactions to a Potential US Deal

Iran's national currency strengthened on Sunday, with each US dollar fetching less than 1.68 million rials in Tehran's open market by noon. The rial has marginally improved compared with the all-time low of 1.9 million against the greenback last month. The price of gold also dropped in Iran, with each Emami gold coin priced at about 1.71 billion rials (approximately $1,010), down by about 5 percent compared with the market opening on Saturday morning.

Economic Impact of the Potential Deal

  • The Tehran Stock Exchange continues to grow, with the main index reaching a new all-time high of nearly 4.82 million points.
  • The market movement shows a degree of anticipation for a deal that President Donald Trump said will be signed on Sunday.

Hardliner Pushback Against the Deal

Despite the market reactions, hardliners inside Iran are pushing back against the deal. Fars news website, affiliated with the Islamic Revolutionary Guard Corps (IRGC), said Iranian officials were unlikely to sign on Sunday since it was Trump's birthday. Mohammad Mannan Raisi, an anti-deal member of parliament from Qom, told officials to have some honour and not sign the deal on Trump's birthday.

The Impact on Iran's Power Structure

The opposition against the deal has reignited a debate over the power structure in Iran, where decisions require approval from the supreme leader, now Mojtaba Khamenei, and the Supreme National Security Council. In nightly gatherings and online posts, a number of hardline supporters of the Islamic republic went as far as saying they would oppose the current emerging agreement even if Khamenei greenlights it.

Future Outlook

Hassan Khomeini, the grandson of late Ayatollah Ruhollah Khomeini, urged all pro-state voices to trust in the top leadership structure. Ali Bagheri Kani, who led negotiations with the US under late Iranian President Ebrahim Raisi, told state television on Saturday night that even Raisi's hardline government was on the verge of reaching a deal with Washington to revive a nuclear deal signed with world powers in 2015.