What Lies Behind Iran’s Sharp Currency Drop?

Haniyeh and the Palestinian delegation also met with Iran's supreme leader Ayatollah Ali Khamenei, where Khamenei reiterated Iran's support for Palestine and condemned Israel's retaliatory attacks in the wake of the war waged by the Palestinian Islamist group in October.

"The Islamic Republic of Iran will not hesitate in supporting the cause of Palestine and the oppressed and resilient people of Gaza," Khamenei said.

The visit marks Haniyeh's second trip to Tehran since the Hamas invasion of Israel on October 7 which resulted in the deaths of some 1,200 mostly civilians, and the kidnapping of more than 250 to Gaza.

The meetings with Iran's top leadership reveal the high-level connections Hamas has with Iran, which has long backed the group designated by countries including the UK.

Last year, Haniyeh also held top level meetings with Iranian leaders alongside fellow proxies such as Hezbollah, also funded, trained and armed by Iran.

Israel's retaliatory campaign aiming to eliminate the terror group and rescue the remaining hostages has led to the deaths of over 30,000, according to the Hamas-run health ministry in Gaza.

The latest visit comes on the back of this week's UN Security Council resolution calling for a ceasefire in Gaza amid a humanitarian crisis.

During a press conference in Tehran, Haniyeh claimed the resolution “signals Israel's waning international support”.

Addressing the injured and families of the deceased from the bloody Friday massacres of Zahedan and Khash, he told them, "The injustice is incompatible with the Islamic, and humanitarian standards."

On September 30, 2022, state security forces targeted those planning to hold a protest gathering after Friday prayers in Zahedan, resulting in over 100 deaths as reported by human rights sources. Another protest on November 4, 2023, in Khash county, led to the deaths of 16 more citizens.

Abdolhamid has persistently called for the trial of the perpetrators and organizers of the massacres, reaffirming, "Those who suffered in the incident were innocent."

The Baluch activists campaign reported that two sessions of the trial were held in February. However, the presiding judge, without hearing the statements of the families of the dead, asked them to accept compensation, which they opposed.

Mehdi Toghyani said, "Land subsidence in Esfahan has reached a very dangerous stage, in a way that if we cannot revive the aquifers over the next seven or eight years, the civilization will not remain.

"The danger of land subsidence in the city is so serious that if no action is taken for it in the coming years, we will all have to leave Esfahan. The entire Esfahan plain is at risk of subsidence due to the dryness of the rivers in the central plateau of Iran."

Recent years have seen a surge in reports of sudden land subsidence in streets and residential areas across several Iranian cities. Esfahan province stands particularly vulnerable, with even its historic center, schools, and ancient buildings experiencing subsidence.

The phenomenon of land subsidence, affecting numerous plains in Iran, has not only inflicted damage and destruction upon historical structures but has also disrupted the lives of millions. Experts warn that without intervention, it could lead to significant financial losses and human tragedy in the near future.

In June 2023, an official from the Ministry of Energy described the situation in many provinces of the country as "critical," highlighting that land subsidence in some areas exceeds global standards by "up to a hundred times."

In August, Iran International obtained documents indicating that officials of the Islamic Republic were aware of significant land subsidence risks but chose not to disclose this information to the public.

Turnout hit a record low, with just 41% of eligible voters casting ballots, according to government figures many consider inflated. During the last parliamentary contest in 2020, there was a 42% turnout. This was in keeping with a trend line of diminished electoral enthusiasm in recent years owing to mass candidate disqualifications, disaffection with the Islamic Republic’s system of governance, and dismal state management.

The ascension of the victors in the election represented a further narrowing of the circle of power in Iran. Reformists like former President Mohammad Khatami have been effectively banished from significant positions in the Islamic Republic. Khatami never even received a post from the Supreme Leader Ali Khamenei after his presidency, in contrast with some of his predecessors. Pragmatists have also suffered. Former President Hassan Rouhani was disqualified from running for the Assembly of Experts, despite Rouhani having held a seat there since 2000, and like Khatami, he never received a post-presidential landing spot from Khamenei. Rouhani’s former justice and intelligence ministers were also disqualified.

Even longtime conservatives have suffered in this contest. Mohammad Bagher Ghalibaf, the current speaker of parliament, who was reelected, nevertheless finished in fourth-place in Tehran, which was a turnaround from Ghalibaf finishing in first-place in 2020. He won fewer votes than ultraconservatives Mahmoud Nabavian, young upstart Amir-Hossein Sabeti, who has been a television host on the state broadcaster IRIB, and Hamid Rasaee.

Ghalibaf’s fall is consistent with a trend of humiliation enjoyed by political dynasties and personalities during Khamenei’s tenure—Ghalibaf’s predecessor as speaker Ali Larijani was barred from running for president in 2021. His brother Sadegh Larijani, a former chief justice and onetime member of the Guardian Council, did not win a seat on the Assembly of Experts in 2024, despite being a member of the chamber since 1999.

The current election will not change the fundamentals of the Islamic Republic’s policies or its relations with the United States. Structurally, parliament is subordinate to the decisions and political whims of the Supreme Leader and the Supreme National Security Council (SNSC) on the most sensitive files, for example the nuclear program. However, the occupants of the speakership of parliament and the chairmanship of the Assembly of Experts will be important, given that the speaker is a standing member of the SNSC, and the chairman of the new Assembly of Experts may very well be in place when it is constitutionally tasked with selecting a successor to Khamenei, who turns 85 this year.

Close attention should therefore be paid to potential candidates for the speakership of the new parliament.

Mohammad Bagher Ghalibaf

Ghalibaf faces headwinds in retaining his post as speaker of parliament. Newly-emboldened members of parliament like Hamid Rasaee, who received more votes than Ghalibaf in Tehran, have called for his ouster and proclaimed him a “hypocrite.” There has even been speculation in Iranian media of Ghalibaf’s credentials being held hostage to smooth the way for the credentials of controversial incoming members of parliament like Rasaee to be approved despite Rasaee, who has previously served in parliament, firing pointed barbs at Islamic Republic mainstays like the late Islamic Revolutionary Guard Corps (IRGC) Quds Force Commander Qasem Soleimani. Khamenei had warned candidates to avoid inflammatory statements which cause division. Ghalibaf, a former commander of the IRGC’s Khatam Al-Anbiya Construction Headquarters and Air Force, has been trailed by sensational allegations of corruption for much of his recent career, especially as mayor of Tehran. But he has always been protected by Khamenei and never held accountable.

This raises the prospect that Khamenei will let it be known that he prefers for Ghalibaf to retain his seat as speaker of parliament in the interest of stability. In fact, his predecessor, Larijani, was the longest-serving speaker, holding the post from 2008 until 2020. But there is precedent for speakers of parliament in the Islamic Republic to serve only four years in the role, which Ghalibaf has held since 2020. For example, Gholam-Ali Haddad Adel was speaker from 2004 until 2008. Mehdi Karroubi was speaker for two, non-consecutive four-year stints.

A choice to retain Ghalibaf would be a safe choice for the system, given Khamenei’s advanced age and the system preparing for what it hopes will be a smooth succession. The role of the speaker as a member of a critical body like the SNSC in this context should not be underestimated. It would also signal more continuity than change in policymaking given that the internal dynamics of the SNSC would remain the same.

Mahmoud Nabavian

Nabavian achieving a first-place finish in Tehran will bolster speculation about the strength of his stock to become speaker of parliament. Nevertheless, a first-place finish in Tehran is not necessarily the only path to becoming speaker. For example, during the 2016 parliamentary elections, Ali Larijani became speaker after coming in second-place in Qom and prevailed over former First Vice President Mohammad Reza Aref, who came in first-place in Tehran.

This is not Nabavian’s first time serving as a member of parliament—he was a legislator from 2012 until 2016 and then again from 2020 until the present. A cleric by training, he taught at the Imam Khomeini Educational and Research Institute, where he grew close with the late Ayatollah Mohammad-Taghi Mesbah-Yazdi. Known as the “crocodile,” he held hardline views, arguing that “accepting Islam is not compatible with democracy” and advocating for Iran to develop nuclear weapons. An opponent of the Iran nuclear deal, Nabavian has hewed closely to his mentor’s radicalism, proclaiming that “we don’t aspire to obtain a nuclear bomb, but it is necessary so we can put Israel in its place.” He has also said, “we should not remain within our borders” and boasting that “now Iran’s borders are in Syria, Lebanon, Yemen, and Iraq.”

Khamenei is the decision-maker on Iran’s nuclear program. However, if Nabavian were to become speaker, he would join the SNSC, and thus have a platform to influence debates over the nuclear program, at a time when there have been growing calls from some quarters of the Iranian establishment to pursue nuclear weapons. It is important not to overstate the power of the speaker on the SNSC, but it would usher in an even greater hardening within the SNSC—whose membership has grown increasingly conservative in recent years. This is because Ghalibaf, while being conservative, is not on record publicly as pushing for Tehran to develop a nuclear weapon—in fact in 2008, Ghalibaf told an audience at the World Economic Forum in Davos that “we don’t need any atomic weapons or unconventional weapons.” If Nabavian becomes speaker, he would also break the trend of the last three speakers of parliament being non-clerics.

Other Candidates

Iranian media has mentioned other candidates for speaker, including Hamid Rasaee, Morteza Agha-Tehrani, and Manouchehr Mottaki. Rasaee has served in parliament during previous terms, worked at the IRGC’s research center, served as an advisor to the culture minister, and lived in Africa in the 1990s. However, placing Rasaee in such a leadership role would be a risky bet as succession looms large given his explosive tendencies, including criticism of an in-law of Khamenei. He has also faced off against senior operatives of the Office of the Supreme leader, like Khamenei’s intelligence advisor Asghar Mir-Hejazi, which likely will not improve his stock, despite the third-place finish in Tehran.

Agha-Tehrani, who previously vied for the speakership in 2020, served as Mahmoud Ahmadinejad’s ethics advisor during his presidency and represented Khamenei in North America, residing in both Canada and the United States. Like Nabavian, Agha-Tehrani also taught at Mesbah-Yazdi’s Imam Khomeini Educational and Research Institute. Agha-Tehrani, a critic of the Iran nuclear deal, may have difficulties in the speakership contest due to him reportedly holding a US Green Card at one point. In 2020, parliament passed a measure banning US Green Card holders from running for the presidency. Agha-Tehrani’s leadership of the Paydari Party was also contested over the situation, with Sadegh Mahsouli replacing him as secretary-general in 2021.

Mottaki, who came in eighth place in Tehran, served as foreign minister during the Ahmadinejad administration until he was fired while on official travel in Africa. He will be the first former foreign minister to hold a seat in parliament after heading the Ministry of Foreign Affairs. Before becoming foreign minister, Mottaki also served as a member of parliament, was a deputy foreign minister, and ambassador to Turkey and Japan. However, his firing as well as being disqualified from running for the presidency in 2013 by the Guardian Council may weaken his candidacy as it raises questions about Khamenei’s confidence in him.

In terms of resume, Ghalibaf and Mottaki are the most qualified managerially—with both serving in senior positions in the IRGC, parliament, and Ministry of Foreign Affairs, respectively. The credentials of Nabavian, Rasaee, and Agha-Tehrani, aside from stints in parliament, are more ideological. This puts them at a disadvantage as all speakers of the Islamic Republic’s parliament had more stature and a combination of executive and legislative credentials within the system ahead of assuming the office.

Chairman of Iran’s Assembly of Experts

Ayatollah Ahmad Jannati, at age 97, decided not to stand for reelection to the Assembly of Experts for the upcoming term. Jannati has served as its chairman since 2016. With Khamenei turning 85 this year, this leaves a vacancy in a post which will likely preside over the selection of the next supreme leader following his death.

During the last succession in 1989, then-Speaker of Parliament Ali Akbar Hashemi Rafsanjani campaigned for Ali Khamenei to be selected as Supreme Leader, claiming to have heard Khomeini suggest him as “a suitable candidate.” However, no hard evidence has ever surfaced to show a preference by Khomeini. If any such evidence existed, Khamenei and the regime would have long showcased it to buttress his legitimacy. However, Khamenei is believed to be planning his succession. A report last year indicated that only the chairman of the Assembly of Experts and members of a subcommittee it empaneled that was tasked with the possibility of naming a deputy supreme leader have knowledge of its innerworkings. This positions Jannati’s replacement as chairman in a critical role given his likely proximity to Khamenei’s succession wishes.

Since 1989, all chairmen of the Assembly of Experts have been Khamenei loyalists, with the prominent exception of Rafsanjani, who occupied the role from 2007 until 2011 and had more independent stature given his original revolutionary credentials. Two—Mahmoud Hashemi Shahroudi and Mohammad Yazdi—served as chief justice prior to becoming chairman, and one—Mohammad-Reza Mahdavi Kani—was prime minister and interior minister.

This positions Ebrahim Raisi as a potential candidate to succeed Jannati as chairman of the Assembly of Experts. Raisi has been a vice chairman under Jannati and has served as both chief justice and president, which is consistent with Mahdavi-Kani, Shahroudi, and Yazdi’s executive and judicial experiences, respectively. However, it would be unprecedented for an incumbent president to concurrently serve as chairman of the Assembly of Experts. It would also raise questions as to whether Khamenei is positioning Raisi as merely a placeholder for another Khamenei-preferred candidate like his son Mojtaba or whether this is a further coronation of a Raisi supreme leadership, given the series of powerful posts he has added to his resume throughout his career. Right now, Raisi is the most qualified individual in the Islamic Republic to chair a succession—having presided over two branches of government. No other cleric has such a resume.

Nevertheless, Raisi is not the only candidate for the chairmanship. The last three chairmen of the Assembly of Experts—Shahroudi, Yazdi, and Jannati—have concurrently served on the Guardian Council. That leaves open the prospect that a sitting member of the Guardian Council will ascend to the Assembly of Experts chairmanship like Alireza Arafi, Ahmad Khatami, or Ahmad Hosseini Khorasani. Alternatively, the Assembly of Experts may decide to anoint a chairman from its current Executive Board which includes Mohsen Qomi, who is a dependable Khamenei confidante, and works in his office as a deputy advisor for international affairs.

Starting in May, the selections for these leadership posts will be revealed. The occupants will play key roles in the debates and deliberations of the Islamic Republic as Khamenei ages.

Parastoo Bakhshi, a 34-year-old specialist in cardiovascular diseases, took her own life at her residence in Noorabad Delfan Hospital in Lorestan Province, the latest in a string of mystery deaths.

The confirmation came from an official statement by the Medical Council Of Iran, citing "excessive pressure in the workplace" as a contributing factor.

Bakhshi's body was discovered by staff members in the hospital's dormitory last Saturday night, sparking shock and grief among her colleagues and the medical community at large.

Ali Salahshour, head of the Public Relations and International Affairs Department of the Medical Council of Iran, took to Instagram to highlight the additional burden Bakhshi faced after the loss of both her parents in the past four years.

Farhad Teimourzadeh, a physician and university professor, also echoed the sentiments on social media, condemning those in positions of power who exert pressure on medical residents.

Suicide among medical students, particularly in Iran, has become a growing concern, with several reports documenting the issue in recent years. According to a study conducted by a psychiatric association last year, the suicide rate within the medical community has seen a significant rise, ranging from 3.1 to 5 times higher than previous years.

In February, the head of the Iranian Psychiatric Scientific Association disclosed the news of 16 medical residents who had taken their own lives in the past year alone.