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.



US Says Mexico Agrees to Water Treaty Obligations

FILE PHOTO: The sun sets over the Rio Grande River in Salineno, Texas, US, February 18, 2025. REUTERS/Cheney Orr/File Photo
FILE PHOTO: The sun sets over the Rio Grande River in Salineno, Texas, US, February 18, 2025. REUTERS/Cheney Orr/File Photo
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US Says Mexico Agrees to Water Treaty Obligations

FILE PHOTO: The sun sets over the Rio Grande River in Salineno, Texas, US, February 18, 2025. REUTERS/Cheney Orr/File Photo
FILE PHOTO: The sun sets over the Rio Grande River in Salineno, Texas, US, February 18, 2025. REUTERS/Cheney Orr/File Photo

The United States and Mexico reached an agreement on water-sharing on Friday, after President Donald Trump threatened new sanctions.

Trump said Mexico owed 800,000 acre-feet of water to the US and demanded it release a quarter of this amount by December 31 or be hit with a new five percent tariff, AFP said.

The Republican leader accused Mexico of violating a 1944 treaty under which the US shares water from the Colorado River in exchange for flows from the Rio Grande, which forms part of the border between the two countries.

"The United States and Mexico reached an understanding to meet the current water obligations of American farmers and ranchers," the US Department of Agriculture agency said in a statement.

It said the agreement includes both the current water cycle and the deficit from the previous cycle.

The two countries are expected to finalize the plan at the end of January.

The agreement as it stands would have Mexico releasing 202,000 acre-feet of water starting next week.

US Agriculture Secretary Brooke Rollins said in a statement on Friday that Mexico "has delivered more water in the last year than in the previous four years combined," but fallen short of their obligations.

"Farmers across South Texas have been reeling from the uncertainty caused by the lack of water. Now they can expect the resources promised to them," Rollins added.

Rollins echoed Trump's threat saying that if "Mexico continues to violate its commitments, the United States reserves the right and will impose five percent tariffs on Mexican products."

Mexican President Claudia Sheinbaum has not commented on the agreement, but on Tuesday expressed confidence in reaching a solution.

At the time, she also cautioned it would be physically impossible to meet the December 31 deadline because of limitations on the pumping equipment, but said: "We have the best will to deliver the amount of water that is owed."

Mexico acknowledged that it has been behind in its water deliveries to the US over the past five years, citing drought in 2022 and 2023.

Trump had previously threatened Mexico in April with economic repercussions over the water dispute, prompting Mexico at the time to immediately send water.

Mexican goods currently face a 25 percent tariff unless they fall under the United States-Mexico-Canada Agreement (USMCA), a free trade deal struck during Trump's first term and which Washington is aiming to renegotiate in 2026.


Bolivian Court Orders Ex-president Jailed for 5 Months on Corruption Charges

Former Bolivian President Luis Arce Catacora enters San Pedro prison after a judge ordered him held in pre-trial detention for five months as part of an investigation into alleged embezzlement, in La Paz, Bolivia, December 12, 2025. REUTERS/Claudia Morales
Former Bolivian President Luis Arce Catacora enters San Pedro prison after a judge ordered him held in pre-trial detention for five months as part of an investigation into alleged embezzlement, in La Paz, Bolivia, December 12, 2025. REUTERS/Claudia Morales
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Bolivian Court Orders Ex-president Jailed for 5 Months on Corruption Charges

Former Bolivian President Luis Arce Catacora enters San Pedro prison after a judge ordered him held in pre-trial detention for five months as part of an investigation into alleged embezzlement, in La Paz, Bolivia, December 12, 2025. REUTERS/Claudia Morales
Former Bolivian President Luis Arce Catacora enters San Pedro prison after a judge ordered him held in pre-trial detention for five months as part of an investigation into alleged embezzlement, in La Paz, Bolivia, December 12, 2025. REUTERS/Claudia Morales

A Bolivian court on Friday ordered the country's former President Luis Arce to remain detained for five months while he awaits trial on corruption charges, the latest development in a case that threatens to exacerbate Bolivia's political tensions.

Arce, 62, a leader from Bolivia’s Movement Toward Socialism party, was elected in 2020 and left office a month ago following the election of Bolivia's first right-wing leader in nearly two decades. He strongly denies the charges of breach of duty and financial misconduct. He faces up to six years in prison if convicted.

Two days after Arce's sudden arrest on the streets of Bolivia's capital of La Paz, a judge ordered his detention in a virtual hearing Friday, The Associated Press reported.

Arce was transferred to one of Bolivia's largest prisons in La Paz at night. No trial date was announced.

The accusations concern the alleged diversion of millions of dollars from a state fund into private accounts and date back to when Arce served as economy minister under former President Evo Morales from 2006 until 2017.

Although the scandal first broke in 2017, investigations into the alleged graft stalled during Morales' presidency as Bolivia's courts proved submissive to the political power of the day. The case was reopened when conservative President Rodrigo Paztook office last month, ending almost two decades of dominance by the Movement Toward Socialism, or MAS, party.

Paz campaigned on a promise to clean up the government and seek justice for corruption as he rode to power on a wave of outrage over Bolivia's worst economic crisis in four decades.

Arce criticized the charges as political persecution.

“I’m a scapegoat,” he told the judge, insisting that he had no personal involvement in the government fund under scrutiny, which supported the Indigenous people and peasant farmers who formed the backbone of MAS support.

“The accusations are politically motivated.”

Officials involved in the previous iteration of the investigation say Arce is accused of siphoning off money from rural development projects to secure loyalty from MAS-allied union and Indigenous leaders during election campaigns.

Morales was elected to three consecutive terms, but was ousted in 2019 when his reelection to an unprecedented fourth term sparked accusations of fraud and mass protests.

Arce's lawyers asked the judge to grant his release pending trial, citing the ex-president's battle with kidney cancer several years ago.

But Judge Elmer Laura denied the appeal, and even exceeded the prosecution’s request of three months in a juvenile detention center by ordering five months in a state prison.

“These are crimes that directly affect state assets and resources that were allocated to vulnerable sectors," Laura said.


Iran Detains 18 Crew Members of Foreign Tanker Seized in Gulf of Oman

St Nikolas ship X1 oil tanker involved in US-Iran dispute in the Gulf of Oman which state media says was seized is seen in the Tokyo bay, Japan, October 4, 2020, in this handout picture. Daisuke Nimura/Handout via REUTERS
St Nikolas ship X1 oil tanker involved in US-Iran dispute in the Gulf of Oman which state media says was seized is seen in the Tokyo bay, Japan, October 4, 2020, in this handout picture. Daisuke Nimura/Handout via REUTERS
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Iran Detains 18 Crew Members of Foreign Tanker Seized in Gulf of Oman

St Nikolas ship X1 oil tanker involved in US-Iran dispute in the Gulf of Oman which state media says was seized is seen in the Tokyo bay, Japan, October 4, 2020, in this handout picture. Daisuke Nimura/Handout via REUTERS
St Nikolas ship X1 oil tanker involved in US-Iran dispute in the Gulf of Oman which state media says was seized is seen in the Tokyo bay, Japan, October 4, 2020, in this handout picture. Daisuke Nimura/Handout via REUTERS

Iranian authorities detained 18 crew members of a foreign tanker seized in the Gulf of Oman on Friday that they said was carrying 6 million liters of smuggled fuel, Iranian media reported on Saturday, citing the Hormozgan province judiciary.

It said those detained under the ongoing investigation include the captain of the tanker, Reuters reported.

The semi-official news agency Fars said the crew were from India, Sri Lanka and Bangladesh.

The authorities said the tanker had committed multiple violations, including "ignoring stop orders, attempting to flee, (and) lacking navigation and cargo documentation".

Iran, which has some of the world's lowest fuel prices due to heavy subsidies and the plunge in the value of its national currency, has been fighting rampant fuel smuggling by land and sea to neighboring countries.