What it’s about
Six candidates are competing to succeed ultra-conservative Iranian president Ebrahim Raisi, who tragically died in a helicopter crash. The contenders engaged in a four-hour live debate focusing on revitalizing Iran’s economy, crippled by international sanctions, ahead of next week’s accelerated election.
Why it matters
Iran’s economic challenges have long been a source of hardship for its 85 million people, exacerbated by international sanctions and high inflation rates. The outcome of this election has crucial implications for Iran’s financial stability, regional relations, and its stance towards the West.
Candidates’ Vows
Mohammad-Bagher Ghalibaf, a conservative and parliament speaker, pledged economic reforms aimed at stabilizing purchasing power amidst inflation. Ghalibaf also advocated for the removal of American sanctions reinstated after former President Trump exited the 2015 nuclear deal.
Strategies for Growth
Meanwhile, sole reformist candidate Massoud Pezeshkian emphasized building regional and global relationships to sustain economic growth while advocating for easing internet restrictions. On the other hand, ultraconservative Saeed Jalili dismissed the need to improve relations with the West, criticizing Trump’s “failed” policy of maximum pressure.
The Stakes
Without any reliable opinion polls, Ghalibaf, Jalili, and Pezeshkian are considered frontrunners for presidency. Although the supreme leader, currently Ayatollah Ali Khamenei, wields ultimate power, the president’s role significantly impacts domestic and foreign policy directions.
An Iran Beyond Raisi
Under the helm of the late Raisi, Iran has sought closer ties with China and Russia, and repaired relations with Arab neighbors like Saudi Arabia, despite strained relations with the Western world, exacerbated by incidents such as the October 7 Gaza war.
Ending Sanctions’ Clout
Other candidates like Vice President Amirhossein Ghazizadeh-Hashemi and Tehran’s Mayor Alireza Zakani offered varied takes on Iran’s economic strategy, focusing on reducing inflation and achieving economic independence through less reliance on the US dollar.
This story was first published on timesofisrael.com.