2025-03-03 10:30:08

Iran's Political Turmoil and Economic Challenges

Image courtesy of : AFP (ATTA KENARE)

Iran is facing significant political upheaval and economic difficulties as key figures in the government resign or are dismissed. Vice President Mohammed-Javad Zarif, a prominent reformist and architect of the 2015 nuclear deal, has resigned under pressure from hardliners. This move poses a threat to President Massud Peseschkian's reformist agenda, as the regime grapples with severe economic challenges exacerbated by Western sanctions.

In a related development, the Iranian parliament voted to dismiss the moderate Economy Minister Abdolnasser Hemmati. His removal was due to the ongoing economic crisis, marked by a sharp depreciation of the rial and soaring inflation. The exchange rate of the rial against the US dollar has plummeted, causing a significant rise in the cost of essential goods such as food.

President Peseschkian, who blames Western economic sanctions for the country's financial woes, now faces mounting pressure from conservative groups. These groups are intensifying their efforts to undermine his administration's policies. Meanwhile, Hemmati's impeachment and Zarif's resignation signal a retreat from engagement with the West, further complicating Iran's precarious economic situation.

The loss of these moderate figures represents a setback for Iran's reformist forces, who argue that resolving the country's economic issues requires lifting sanctions and addressing the Financial Action Task Force's blacklisting. As the new government, in office only since July, navigates these turbulent times, the future of Iran's political and economic landscape remains uncertain.

zeit
3. März 2025 um 00:05

Iran: Iran's Government Loses Economics Minister and Vice President

Politics
Economy
Finance
Iran's government dismisses Economics Minister Abdolnaser Hemmati; Vice President Mohammed Javad Zarif submits his resignation. Criticism of Hemmati's economic policy and currency depreciation. Zarif resigns for the second time, differences with President Peseschkian.
n-tv.de
2. März 2025 um 23:51

Setback for moderate forces: Iran's Vice President resigns after dismissal of Finance Minister

Politics
Economy
Finance
Iran's hardliners dismiss the moderate economic minister Abdolnasser Hemmati. 182 out of 273 members of parliament withdrew their confidence in him. Vice-Minister of Economy Rahmatollah Akrami is appointed as his successor. As a result, the influential Vice President Mohammed-Javad Sarif resigns, a heavy blow for the moderate President Massud Peseschkian. Inflation is driving up prices for food like meat and fish. The rial, Iran's national currency, is losing massive value against foreign curr..
stern
3. März 2025 um 08:08

Iran's Vice President Sarif resigns

Politics
Economy
Iran's Vice President Mohammed Javad Sarif, architect of the 2015 nuclear deal, has submitted his resignation. President Massud Peseschkian has not yet responded to the request. Sarif stated that the head of the judiciary had advised him to resign, as he had gone through the "bitterest time" of his 40-year political career.
CW

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