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Currency

Latest USD, EUR, AED and other currency rate updates and analysis.

2026-05-07

Gold & Coins Surge as US Sanctions Iraq Oil Links to Iran, Heightening Regional Risk

Iranian markets reacted sharply today, with Emami coins and 18k gold seeing significant gains, while the dollar also strengthened. This movement comes amidst renewed US sanctions targeting Iraq's oil trade with Iran, a development poised to ripple through regional energy markets and potentially impact everyday costs for Iranians. Investors are seeking stability in traditional safe havens as geopolitical tensions escalate.

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