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.



Trump Hints at Resuming Attacks if Ceasefire with Iran Expires Without Deal

IN FLIGHT - APRIL 17: US President Donald Trump speaks to members of the press aboard Air Force One on April 17, 2026 just prior to landing at Joint Base Andrews, Maryland. (Photo by WIN MCNAMEE / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
IN FLIGHT - APRIL 17: US President Donald Trump speaks to members of the press aboard Air Force One on April 17, 2026 just prior to landing at Joint Base Andrews, Maryland. (Photo by WIN MCNAMEE / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
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Trump Hints at Resuming Attacks if Ceasefire with Iran Expires Without Deal

IN FLIGHT - APRIL 17: US President Donald Trump speaks to members of the press aboard Air Force One on April 17, 2026 just prior to landing at Joint Base Andrews, Maryland. (Photo by WIN MCNAMEE / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
IN FLIGHT - APRIL 17: US President Donald Trump speaks to members of the press aboard Air Force One on April 17, 2026 just prior to landing at Joint Base Andrews, Maryland. (Photo by WIN MCNAMEE / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

US President Donald Trump said the blockade of the Strait of Hormuz will remain and attacks will resume if no agreement is reached with Iran, after Tehran said it had fully reopened the strait to commercial vessels but threatened to close it again over the US blockade.

Asked by a reporter Friday night what he will do if there’s no deal when a ceasefire with Iran expires next week, Trump said, “I don’t know. Maybe I won’t extend it, but the blockade is going to remain. But maybe I won’t extend it, so you’ll have a blockade and unfortunately we’ll have to start dropping bombs again.”

However, Trump also told reporters accompanying him aboard Air Force One to Washington that, “I think it’s going to happen,” referring to a deal.

Questions lingered Saturday about how much freedom ships actually had to transit the waterway as Tehran threatened to close it again if the US kept in place its blockade of Iranian ships and ports.

Iran’s Friday announcement about the opening of the crucial body of water, through which 20% of the world’s oil is shipped, came as a 10-day truce between Israel and Hezbollah in Lebanon appeared to hold.

The war with Iran, which began on February 28 with a US-Israeli attack, has killed thousands and sent oil prices surging because of the de facto closure of ⁠the strait.

Trump has told Reuters there would probably be more direct talks between Iran and the US this weekend. Some diplomats said that was unlikely given the logistics of gathering in Islamabad, where the talks are expected to take place.

There were no signs of preparations early on Saturday for talks in the Pakistani capital.


Starmer Rejects Calls to Resign Over Mandelson Appointment as Pressure Builds

 British Prime Minister Keir Starmer leaves after the multinational virtual summit and press conference at the Elysee Presidential Palace in Paris, Friday April 17, 2026 (Tom Nicholson/Pool Photo via AP)
British Prime Minister Keir Starmer leaves after the multinational virtual summit and press conference at the Elysee Presidential Palace in Paris, Friday April 17, 2026 (Tom Nicholson/Pool Photo via AP)
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Starmer Rejects Calls to Resign Over Mandelson Appointment as Pressure Builds

 British Prime Minister Keir Starmer leaves after the multinational virtual summit and press conference at the Elysee Presidential Palace in Paris, Friday April 17, 2026 (Tom Nicholson/Pool Photo via AP)
British Prime Minister Keir Starmer leaves after the multinational virtual summit and press conference at the Elysee Presidential Palace in Paris, Friday April 17, 2026 (Tom Nicholson/Pool Photo via AP)

British Prime Minister Keir Starmer on Friday resisted demands he resign over revelations that his scandal-tainted pick for UK ambassador to Washington was appointed despite failing security checks.

Starmer says he was not informed that the Foreign Office had overruled the recommendation of security officials in early 2025 not to give Peter Mandelson the job. Many considered Mandelson a risky appointment because of his past friendship with convicted sex offender Jeffrey Epstein and alleged business links to Russia and China.

Starmer said he was “absolutely furious” that he had been kept in the dark, calling it staggering” and “unforgivable.” He said he would “set out all the relevant facts in true transparency” to Parliament on Monday.

The top Foreign Office civil servant, Olly Robbins, took the fall for the decision and resigned.

The prime minister's job has been endangered by his fateful decision to appoint Mandelson, a trade expert and elder statesman of the governing Labour Party, as envoy to the Trump administration. It was a calculated risk that backfired spectacularly, and could bring down the prime minister.

Opposition politicians expressed disbelief that Starmer could have been unaware Mandelson had failed security vetting. Starmer said he only found out on Tuesday of this week.

Darren Jones, the chief secretary to the prime minister, said Friday that “the recommendation was to not appoint Peter Mandelson to the role,” and that the Foreign Office ignored it. He said that was “astonishing,” but within the rules.

He said no government minister had been told of the security assessment. People familiar with the process said that is standard practice because of the sensitive personal information involved.

Jones said the checks, carried out by a department known as UK Security Vetting, “go through financial, personal, sexual, religious and other types of background information, and that is why it is kept extremely private on a portal that only a few people have access to.”

Opposition Conservative Party leader Kemi Badenoch said claims the prime minister didn’t know were “completely preposterous.”

“This story does not stack up. The prime minister is taking us for fools,” she told the BBC. “All roads lead to a resignation.”

Ed Davey, the leader of the centrist Liberal Democrats, said Starmer “must go” if he misled Parliament and lied to the British public. The Lib Dems asked the prime minister's ethics adviser to investigate whether Starmer broke the government code of conduct by misleading Parliament.

Starmer has repeatedly insisted that “due process” was followed in the appointment, which was announced in December 2024. Mandelson took up the Washington post in February 2025, after undergoing security vetting.

Mandelson had known Epstein links

Mandelson’s expertise as a former European Union trade chief was considered a major asset in trying to persuade the Trump administration not to slap heavy tariffs on British goods, and seemed to pay off when the countries struck a trade deal in May 2025.

But documents released by the government in March, after being forced by Parliament, showed Starmer ignored red flags raised by his staff about the appointment. He was warned that Mandelson’s friendship with Epstein, who died in prison in 2019, exposed the government to “reputational risk.”

Starmer fired Mandelson in September 2025 after evidence emerged that he had lied about the extent of his links to Epstein.

The release of millions of pages of Epstein-related documents by the US Department of Justice in January reveled more and showed Mandelson’s relationship with the financier continued even after Epstein’s conviction in 2008 for sexual offenses involving a minor.

Emails suggested Mandelson had passed on sensitive, and potentially market-moving, government information to Epstein in 2009 after the global financial crisis.

British police subsequently launched a criminal probe. Mandelson was arrested on Feb. 23 on suspicion of misconduct in public office.

He has been released without bail conditions as the police investigation continues. Mandelson has previously denied wrongdoing and hasn’t been charged. He does not face allegations of sexual misconduct.

King Charles III’s brother, Andrew Mountbatten-Windsor, formerly known as Prince Andrew, is also under police investigation over his friendship with Epstein. He, too, has been arrested but not charged.

Starmer's recent setbacks

The prime minister has apologized to the British public and to Epstein’s victims for believing what he has termed “Mandelson’s lies.”

The Mandelson revelations are among a string of setbacks Starmer has faced since he led the Labour Party to a landslide election victory in July 2024. He has struggled to deliver promised economic growth, repair tattered public services and ease the cost of living, and has been beset by missteps and U-turns.

The prime minister defused a potential crisis in February, when some Labour lawmakers called for him to resign over the Mandelson appointment. But he could face a leadership challenge after local and regional elections on May 7, in which Labour is expected to do badly.

Despite his struggles on the homefront, Starmer has been praised for his work on the world stage. He has played a key role in maintaining European support for Ukraine and was in Paris on Friday to host a summit alongside French President Emmanuel Macron on reopening the Strait of Hormuz, the oil shipping route choked off by the US-Israeli war on Iran.


Trump Says ‘No Sticking Points’ for Iran Deal

 President Donald Trump arrives for a roundtable event about no tax on tips, Thursday, April 16, 2026, in Las Vegas. (AP)
President Donald Trump arrives for a roundtable event about no tax on tips, Thursday, April 16, 2026, in Las Vegas. (AP)
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Trump Says ‘No Sticking Points’ for Iran Deal

 President Donald Trump arrives for a roundtable event about no tax on tips, Thursday, April 16, 2026, in Las Vegas. (AP)
President Donald Trump arrives for a roundtable event about no tax on tips, Thursday, April 16, 2026, in Las Vegas. (AP)

US President Donald Trump told AFP on Friday there were "no sticking points" left for a peace deal with Iran, adding that an agreement was "very close."

Trump's comments came after a series of social media posts in which he touted progress on reopening the Strait of Hormuz and ending Iran's nuclear program.

"We're very close. Looks like it's going to be very good for everybody. And we're very close to having a deal," Trump said in a brief telephone call with AFP from Las Vegas.

"The strait's going to be open, they already are open. And things are going very well."

A first round of US-Iran talks in Pakistan last weekend ended without a peace deal, but Trump has said a second round could happen soon.

Trump has said the core US demand is that Iran should never be able to develop a nuclear weapon, and he said on Thursday that Iran had agreed to turn over its stock of enriched uranium.

Asked what the remaining sticking points for a deal were, Trump replied, "No sticking points at all."

When asked why he was unable to declare a deal at this point after his string of optimistic posts, Trump said he wanted an agreement on paper.

"I don't do that, I get it in writing," Trump added.