Iranian stocks have sold off sharply as rising anxiety about the risk of a US attack on the country adds to a bleak economic outlook.
The Tedpix has fallen more than a tenth in dollar terms in the last three days, or 7.5 per cent in rial. The index is now down 4.7 per cent for the year in dollars, but remains up 1 per cent in local currency terms.
The downturn reflects heightened fears of confrontation as the US has deployed military assets to the region, as well as concerns about inflation and the declining value of the national currency.
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