Tehran stocks climb ahead of US-Iran talks in Oman

Tehran’s stock market rallied Saturday morning ahead of a new round of negotiations with the United States in Oman.

“Capital markets experienced a marked uptick on April 11,” wrote EghtesadNews, which said the benchmark index rose by 15,000 points during the first half of trading.

The reform-leaning Donya-e-Eqtesad newspaper suggested that hopes for easing pressure on Iran’s currency were helping lift sentiment.

“Some projections indicate that if positive news comes out of the talks, the dollar might even fall below 900,000 rials,” the paper said.

“Such a scenario would shift momentum toward Tehran’s stock exchange.”

The last known direct negotiations between the two governments were under President Barack Obama.