By Mahdi Ghodsi and Ali Fathollah-Nejad

The COVID-19 pandemic has ravaged Iran’s already ailing economy, but the country’s economic crisis is rooted in factors beyond the pandemic’s fallout. Since the United States’ 2018 withdrawal from the Joint Comprehensive Plan of Action (JCPOA – or Iran Nuclear Deal), it has become clear that Iran’s economic woes – especially its currency devaluation – are strongly correlated with key political and geopolitical events. The volatility in the exchange rate and Iran’s currency depreciation are signs of an unhealthy economy.

The impending Iranian presidential election scheduled for 14 June 2013 is widely acknowledged to be one of the most critical in the regime’s thirty-five year history. With the economy in tatters as a result of sanctions and economic mismanagement, and the regime striving to restore its legitimacy following the 2009 election protests, voting patterns and voter turnout will not only influence a possible alternation of power, but may provide insight into the longterm survival of the regime. Hence security has been stepped up, voters have been encouraged to participate, and candidates with both economically rightist and leftist positions have stressed the need for economic growth.

By Fatimah Alsmadi
Introduction
Iran’s foreign policy rhetoric exemplifies the idea that international politics is no longer a zero-sum game, but a multidimensional arena in which competition and cooperation often occur simultaneously. Gone is the age of ‘blood feuds’, and world leaders are expected to lead in ‘turning threats into opportunities’, said the Iranian president, Hassan Rouhani, in his recent op-ed in the Washington Post. [1] Iran is now seeking to turn the threats facing it into opportunities, and, to this end, it employs a strategy of joining competition and cooperation in the multiple arenas of conflict in which it has become a key player. For example, Iran is following in the footsteps of Russia in demonstrating power and influence in Syria, with a subtle warning to the USA not to sideline it during crisis resolution arrangements.

Follow Us On Twitter

Find Us on Facebook

Like us on facebook

Like on Facebook