Iran: Signs of New Protests Against Rise in Prices

A display featuring missiles and a portrait of Iran's Leader Ayatollah Ali Khamenei is seen at Baharestan Square in Tehran, Iran September 27, 2017. Nazanin Tabatabaee Yazdi/TIMA via REUTERS
A display featuring missiles and a portrait of Iran's Leader Ayatollah Ali Khamenei is seen at Baharestan Square in Tehran, Iran September 27, 2017. Nazanin Tabatabaee Yazdi/TIMA via REUTERS
TT
20

Iran: Signs of New Protests Against Rise in Prices

A display featuring missiles and a portrait of Iran's Leader Ayatollah Ali Khamenei is seen at Baharestan Square in Tehran, Iran September 27, 2017. Nazanin Tabatabaee Yazdi/TIMA via REUTERS
A display featuring missiles and a portrait of Iran's Leader Ayatollah Ali Khamenei is seen at Baharestan Square in Tehran, Iran September 27, 2017. Nazanin Tabatabaee Yazdi/TIMA via REUTERS

Signs of a new round of protests emerged in Tehran, after the rise in prices hit the foreign exchange market, pushing the dollar to a record high in two years.

Angry Iranians gathered on Sunday in front of the Central Bank headquarters, chanting slogans condemning the officials and demanding the resignation of the central bank governor, Abdolnaser Hemmati.

The latter was the center of recent speculations, as political circles in Tehran reported that he could run for the presidential elections scheduled for May 2021.

Iranian security forces cordoned off the streets leading to the bank, according to eyewitnesses’ reports on social networks.

Meanwhile, the government adopted security measures and arrested officials to reduce popular discontent.

Quoting the Iranian police chief, ILNA news agency reported that the authorities launched a new unit called the “economic security police” to counter economy breaches.

For its part, Fars Agency of the Revolutionary Guards quoted Colonel Nader Moradi, Deputy Commander of the Greater Tehran Police for Supervision of Commercial Venues, as saying that the police forces will “legally confront the officials of the home appliance unions who trade in goods with the aim of selling them at high prices that exceed the approved rates.”

The price of one dollar rose in recent days to 180,000 Iranian Rials, the highest record reached since August 2018, in parallel with the implementation of the US sanctions.



Philippines, China Trade Accusations on South China Sea Confrontation

In this photo provided by the National Task Force West Philippine Sea (NTF-WPS), a Chinese Coast Guard ship patrols the area as Philippine inter-agency members visit Sandy Cay 2 at the South China Sea on Sunday April 27, 2025. (National Task Force West Philippine Sea via AP)
In this photo provided by the National Task Force West Philippine Sea (NTF-WPS), a Chinese Coast Guard ship patrols the area as Philippine inter-agency members visit Sandy Cay 2 at the South China Sea on Sunday April 27, 2025. (National Task Force West Philippine Sea via AP)
TT
20

Philippines, China Trade Accusations on South China Sea Confrontation

In this photo provided by the National Task Force West Philippine Sea (NTF-WPS), a Chinese Coast Guard ship patrols the area as Philippine inter-agency members visit Sandy Cay 2 at the South China Sea on Sunday April 27, 2025. (National Task Force West Philippine Sea via AP)
In this photo provided by the National Task Force West Philippine Sea (NTF-WPS), a Chinese Coast Guard ship patrols the area as Philippine inter-agency members visit Sandy Cay 2 at the South China Sea on Sunday April 27, 2025. (National Task Force West Philippine Sea via AP)

The Philippines and China gave conflicting versions on Thursday of a maritime confrontation around a contested shoal in the South China Sea, the latest incident in a longstanding dispute between the neighbors.

A Philippine Navy patrol near the disputed Scarborough Shoal encountered "aggressive and unsafe" movements by two Chinese Navy vessels earlier this week, the Philippine military said.

China's military, meanwhile, accused the Philippine frigate of "attempting to invade" the waters around the feature and said that it had organized naval and air forces to track and expel the vessel, in a statement released by its Southern Theatre Command.

The Scarborough Shoal, named for a British ship grounded on the atoll nearly three centuries ago, is one of Asia's most contested maritime features and a flashpoint for diplomatic flare-ups over sovereignty and fishing rights. "Such threatening and provocative conduct can lead to misunderstanding that may escalate tensions and impact regional stability," the Armed Forces of the Philippines said in a statement.

China claims sovereignty over nearly all the South China Sea, including areas claimed by Brunei, Indonesia, Malaysia, the Philippines and Vietnam.

"(Scarborough Shoal) is China's inherent territory. We urge the Philippine side to immediately cease its infringement, provocation and distorted speculation," Tian Junli, a spokesman for China's Southern Theatre said.

"Theater troops are on high alert at all times, resolutely defending national sovereignty, maritime rights and interests, and resolutely maintaining peace and stability in the South China Sea region," Tian added.