Iran Presidential Hopefuls Debate Economy Ahead of Election

Presidential candidate Mohammad Bagher Ghalibaf speaks during a campaign event in Tehran, Iran June 18, 2024. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
Presidential candidate Mohammad Bagher Ghalibaf speaks during a campaign event in Tehran, Iran June 18, 2024. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
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Iran Presidential Hopefuls Debate Economy Ahead of Election

Presidential candidate Mohammad Bagher Ghalibaf speaks during a campaign event in Tehran, Iran June 18, 2024. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
Presidential candidate Mohammad Bagher Ghalibaf speaks during a campaign event in Tehran, Iran June 18, 2024. Majid Asgaripour/WANA (West Asia News Agency) via Reuters

The six candidates vying to succeed ultraconservative president Ebrahim Raisi, who died in a helicopter crash, focused on revitalizing Iran's sanctions-hit economy in their first debate ahead of next week's election.

The contenders -- five conservatives and a sole reformer -- faced off in a four-hour live debate, vowing to address the financial challenges affecting the country's 85 million people.

Originally slated for 2025, the election was moved forward after Raisi's death on May 19 in a helicopter crash in northern Iran.

Long before the June 28 election, Iran had been grappling with mounting economic pressures, including international sanctions and soaring inflation.

"We will strengthen the economy so that the government can pay salaries according to inflation and maintain their purchasing power," conservative presidential hopeful Mohammad Bagher Ghalibaf said.

Ghalibaf, Iran's parliament speaker, also pledged to work towards removing crippling US sanctions reimposed after then US president Donald Trump withdrew from the 2015 nuclear deal.

Iran's economy grew by 5.7 percent in the year to March 2024, with authorities targeting a further eight percent growth this year, driven by hydrocarbon exports.

The sole reformist candidate, Massoud Pezeshkian, said he would seek to build regional and global relations to achieve this growth.

He also called for easing internet restrictions in the country where Facebook, Instagram, Telegram and X are among the social media platforms banned.

Reformists, whose political influence has waned in the years since the 1979 revolution, have fallen in behind Pezeshkian after other moderate hopefuls were barred from standing.

Ultraconservative former nuclear negotiator Saeed Jalili, however, said Iran did not need to repair its relations with the West.

He took aim at Trump, saying his policy of "maximum pressure" against Iran had "failed miserably".

- 'Maximum pressure' -

In the absence of opinion polls, Ghalibaf, Jalili and Pezeshkian are seen as the frontrunners for Iran's second highest-ranking job.

Ultimate authority in the state is wielded by the supreme leader rather the president with 85-year-old Ali Khamenei holding the post for 35 years.

Incumbent Vice President Amirhossein Ghazizadeh-Hashemi said during the debate he would seek to lower inflation following a "political leadership style similar to that of Martyr Raisi."

Raisi easily won Iran's 2021 election in which no reformist or moderate figures were allowed to run. Backed by Khamenei he had been tipped to possibly replace the supreme leader.

Iran’s relations with the West continued to suffer, particularly following the outbreak of the October 7 Gaza war.

Tehran's support for the Palestinian armed group Hamas, coupled with ongoing diplomatic tensions over Iran's nuclear program have hastened the decline.

Mostafa Pourmohammadi, the only cleric in the running, blamed international sanctions for "blocking the economy" and "making financial transactions impossible".

Tehran's conservative mayor, Alireza Zakani, said the US sanctions were "cruel" but were not the main problem behind Iran's economic hardship.

"We should emphasize the economic independence of the country, de-dollarize the economy and rely on our own national currency," he said.



White House: Trump to Decide on US Action in Israel-Iran Conflict Within 2 Weeks

First responders inspect a heavily-damaged building at Soroka Hospital in Beersheba in southern Israel following an Iranian missile attack on June 19, 2025. (Photo by MAYA LEVIN / AFP)
First responders inspect a heavily-damaged building at Soroka Hospital in Beersheba in southern Israel following an Iranian missile attack on June 19, 2025. (Photo by MAYA LEVIN / AFP)
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White House: Trump to Decide on US Action in Israel-Iran Conflict Within 2 Weeks

First responders inspect a heavily-damaged building at Soroka Hospital in Beersheba in southern Israel following an Iranian missile attack on June 19, 2025. (Photo by MAYA LEVIN / AFP)
First responders inspect a heavily-damaged building at Soroka Hospital in Beersheba in southern Israel following an Iranian missile attack on June 19, 2025. (Photo by MAYA LEVIN / AFP)

The White House said on Thursday that President Donald Trump will make a decision on whether the US will get involved in the Israel-Iran conflict in the next two weeks.

Citing a message from Trump, White House Press Secretary Karoline Leavitt told reporters: "Based on the fact that there's a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks."

Trump said Wednesday he doesn’t want to carry out a US strike on Iran but suggested he stands ready to act if it’s necessary to extinguish Iran’s nuclear program.

Russia warned the US against entering the Israel-Iran conflict.

“US military interference would be an extremely dangerous step with truly unpredictable negative consequences,” Russian Foreign Ministry spokesperson Maria Zakharova said at a briefing.

The comments come after Iran’s state media said the country’s Foreign Minister Abbas Araghchi will meet with European counterparts in Geneva on Friday.

French Foreign Minister Jean-Noël Barrot did not confirm the Geneva meeting.

The message from Iranian authorities was “relatively clear: there is a willingness to resume talks, including with the United States, provided that a ceasefire can be reached,” Barrot told a news conference in Paris.

Barrot said that France and Europeans partners are ready to “resume negotiations” with Iran.