Odd Lots

How Geopolitical Risks Are Impacting Iranian Stocks

A look inside an isolated market.

The Iranian Stock Market is known to be one of the world's most unfamiliar markets given ongoing sanctions.

Photographer: Simon Dawson/Bloomberg

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Back in 2020, we spoke with Maciej Wojtal, a London-based fund manager who specializes in Iranian stocks. The market is one of the most unfamiliar in the world and most investors can't even look up where the country's shares are trading given ongoing sanctions. Of course, there's also constantly changing geopolitical risk, which has only picked up in light of Israel-Hamas war. In this episode, we find out what's been going with Iranian stocks in the midst of the recent upheaval and dig deeper into its overall economy after years of isolation from the Western world. This transcript has been lightly edited for clarity.