Triple Flag Precious Metals Corp. shares rise 2.51% intraday as US sanctions on Iranian oil networks may boost precious metals demand.

Triple Flag Precious Metals Corp. rose 2.51% during intraday trading. The Trump administration issued more Iran-related sanctions, targeting 13 entities and eight vessels involved in transporting Iranian oil exports in violation of sanctions. This news may have positively impacted the stock as sanctions can lead to increased demand for precious metals as a safe-haven asset.