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.



Mojtaba Khamenei Says Closure of Strait of Hormuz Should be Used as 'Leverage'

(FILES) In this picture obtained from Iran's ISNA news agency, Mojtaba Khamenei (C), son of Iran's supreme leader Ayatollah Ali Khamenei, walks along a street in Tehran on May 31, 2019. (Photo by Hamid FOROUTAN / ISNA / AFP)
(FILES) In this picture obtained from Iran's ISNA news agency, Mojtaba Khamenei (C), son of Iran's supreme leader Ayatollah Ali Khamenei, walks along a street in Tehran on May 31, 2019. (Photo by Hamid FOROUTAN / ISNA / AFP)
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Mojtaba Khamenei Says Closure of Strait of Hormuz Should be Used as 'Leverage'

(FILES) In this picture obtained from Iran's ISNA news agency, Mojtaba Khamenei (C), son of Iran's supreme leader Ayatollah Ali Khamenei, walks along a street in Tehran on May 31, 2019. (Photo by Hamid FOROUTAN / ISNA / AFP)
(FILES) In this picture obtained from Iran's ISNA news agency, Mojtaba Khamenei (C), son of Iran's supreme leader Ayatollah Ali Khamenei, walks along a street in Tehran on May 31, 2019. (Photo by Hamid FOROUTAN / ISNA / AFP)

Iran’s Supreme Leader Mojtaba Khamenei issued his first statement on the war on Thursday, saying that the leverage of closing the Strait of Hormuz should be used.

Khamenei called on people in Gulf countries to “shut down” US bases, saying promised US protection is “nothing more than a lie.”

Khamenei did not appear on camera. Israeli intelligence assessed that he was likely wounded in the war’s opening salvo, which he said also killed his wife, one of his sisters, his niece and his father, Supreme Leader Ali Khamenei.

US President Donald Trump has promised to “finish the job,” even as Iran is “virtually destroyed.” The first week of the war cost the United States $11.3 billion, according to the Pentagon.

“One point I must emphasize is that, in any case, we will obtain compensation from the enemy,” Khamenei said.

“If it refuses, we will take from its assets to the extent we deem appropriate, and if that is not possible, we will destroy its assets to the same extent.”

 

 

 

 


Russia Condemns Trump Comments on 'Takeover' of Cuba

US President Donald Trump greets Russian President Vladimir Putin, Aug. 15, 2025, at Joint Base Elmendorf-Richardson, Alaska. (AP Photo/Julia Demaree Nikhinson, File)
US President Donald Trump greets Russian President Vladimir Putin, Aug. 15, 2025, at Joint Base Elmendorf-Richardson, Alaska. (AP Photo/Julia Demaree Nikhinson, File)
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Russia Condemns Trump Comments on 'Takeover' of Cuba

US President Donald Trump greets Russian President Vladimir Putin, Aug. 15, 2025, at Joint Base Elmendorf-Richardson, Alaska. (AP Photo/Julia Demaree Nikhinson, File)
US President Donald Trump greets Russian President Vladimir Putin, Aug. 15, 2025, at Joint Base Elmendorf-Richardson, Alaska. (AP Photo/Julia Demaree Nikhinson, File)

Russia condemned on Thursday what it called blackmail and threats by US President Donald Trump to initiate a "takeover" of Cuba, a traditional ally of Moscow.

Russian Foreign Ministry spokeswoman Maria Zakharova said Moscow would provide all possible political and diplomatic support to Cuba and called for a diplomatic solution to the tensions with Washington, Reuters reported.

Trump said on Monday that Cuba was in "deep trouble" and that US Secretary of State Marco Rubio was dealing with the issue, which may or may not be a "friendly takeover."


Trump Says Stopping a Nuclear Iran More Important than Oil Prices

US President Donald Trump talks to the media upon his arrival at Joint Base Andrews, Maryland, US, March 11, 2026.  REUTERS/Kevin Lamarque
US President Donald Trump talks to the media upon his arrival at Joint Base Andrews, Maryland, US, March 11, 2026. REUTERS/Kevin Lamarque
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Trump Says Stopping a Nuclear Iran More Important than Oil Prices

US President Donald Trump talks to the media upon his arrival at Joint Base Andrews, Maryland, US, March 11, 2026.  REUTERS/Kevin Lamarque
US President Donald Trump talks to the media upon his arrival at Joint Base Andrews, Maryland, US, March 11, 2026. REUTERS/Kevin Lamarque

US President Donald Trump on Thursday said that stopping Iran from getting nuclear weapons was more important to him than controlling oil prices, Reuters reported.

"The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money. BUT, of far greater interest and importance to me, as President, is stopping an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World," said Trump in a post on his Truth Social platform.