Iran 2023: Suppressing Protests, Regional Diplomacy, and Deepening Confrontation with the West

Revolutionary Guard unveils the model of the “Fateh 2” missile during Iranian Supreme Leader Ali Khamenei’s tour at the permanent exhibition of Iranian missiles in November (Iranian media)
Revolutionary Guard unveils the model of the “Fateh 2” missile during Iranian Supreme Leader Ali Khamenei’s tour at the permanent exhibition of Iranian missiles in November (Iranian media)
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Iran 2023: Suppressing Protests, Regional Diplomacy, and Deepening Confrontation with the West

Revolutionary Guard unveils the model of the “Fateh 2” missile during Iranian Supreme Leader Ali Khamenei’s tour at the permanent exhibition of Iranian missiles in November (Iranian media)
Revolutionary Guard unveils the model of the “Fateh 2” missile during Iranian Supreme Leader Ali Khamenei’s tour at the permanent exhibition of Iranian missiles in November (Iranian media)

In 2023, Iran initiated a campaign to suppress the most extensive surge of popular protests ever witnessed in the country, sparked by the tragic death of the young woman Mahsa Amini while in custody.

During the first weeks of the year, the Iranian government sought to quell protests and strikes, hastily conducting trials for protesters and carrying out death sentences for the convicted.

Iranian Supreme Leader Ali Khamenei, however, later issued a pardon for prisoners, encompassing those detained during the protests, amidst skepticism from human rights organizations.

Before the dust of the protests could settle, non-lethal but toxic attacks on girls’ schools across the country instigated a state of panic and fear among Iranians. The responsible party remains unknown to date.

The repercussions of the protests persist both domestically and internationally.

Tehran has accused Western powers of waging a hybrid war against it.

Iranian human rights activist Narges Mohammadi was awarded the Nobel Peace Prize, while the European Union bestowed the Sakharov Prize for Freedom of Thought upon Amini.

The US and Europe have also imposed a series of sanctions on Iranian officials, particularly targeting leaders of the military apparatus and the Iranian judiciary.

Relations between the UK and Iran became strained after Tehran executed Ali Reza Akbari, the former assistant defense minister and a close associate of Ali Shamkhani, the former Secretary of the Supreme National Security Council of Iran, on charges of spying for the UK.

Just 72 hours after Akbari’s case was revealed, authorities announced his execution.

The execution of Akbari heightened tensions between Iran and Western powers.

Furthermore, prospects for reviving the nuclear agreement and returning to diplomatic channels stumbled as Russia expanded its use of Iranian drones in bombing Ukrainian cities.

Tehran insisted on its commitment to maintaining the diplomatic track and adhering to its conditions for returning to the nuclear agreement, but diplomatic efforts remained on the brink of collapse.

In February, William Burns, the director of the Central Intelligence Agency (CIA), stated that Washington does not believe Khamenei has decided to resume nuclear weapons programs.

During the same month, the International Atomic Energy Agency (IAEA) criticized Iran for concealing a change in the enrichment system at the underground Fordow facility.

Shortly afterward, IAEA inspectors announced the discovery of uranium particles enriched to 83.7%, significantly surpassing Iran's declared enrichment level of 60%.

This raised concerns about Tehran laying the groundwork for enriching uranium to 90%, the threshold required for nuclear weapons production.

Iran blamed the IAEA inspectors, while the agency stated that Tehran had informed them that the cause was “unintended fluctuations” during equipment changes.

As tensions between Tehran and Western powers regarding the nuclear agreement escalated, coupled with its collaboration with Russia, Tehran made moves to break its isolation by seeking to improve relations with its regional neighbors.

A pivotal moment in these efforts was the achievement of an agreement with Saudi Arabia, mediated by China, to open a new chapter in diplomatic relations.

This breakthrough followed a seven-year hiatus and was met with regional and international approval.

Ultimately, it led to the exchange of ambassadors, the reopening of diplomatic missions, and reciprocal visits between the foreign ministers of the two countries.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.