Farhad Rezaei

  • As Iran’s Currency Collapses, What Can Stop the Panic?

    Iran’s currency, the rial, has experienced a historic low record crashing through 90,000 rials against one US dollar on the unofficial market and continuing its slide amid economic uncertainty caused by corruption, mismanagement and fear of returning US sanctions.

    The drop in the value of the currency is having serious polictical repercussions. The development has encouraged Iranian merchants and shop owners to demonstrate against the government and go on strike in Tehran’s central market dedicated to sale and distribution of cellphone and electronic products. 

    Psychologically, the effect is significant because it has generated fear and uncertainty. Reminiscent of the last years of the shah’s rule, there are rumors that merchants in the bazaars in Tehran and provincial cities are hoarding, pushing up the price of basic foodstuffs.

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  • Cracks in Iran-Russia Alliance in Syria Widen as War Winds Down

    As the Syrian government increasingly consolidates control over its territory after seven years of civil strife, cracks are widening between its key external supporters, Iran and Russia.

    The issue of Syria’s future has generated a heated debate among political elites in Tehran and in Farsi media over Iran’s continued military presence and how it can leverage its expenditure of blood and treasure to preserve its strategic and economic interests.

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  • Hard Choices in Tehran after the US Quits the Iran Deal

    In the aftermath of the Trump administration’s decision to leave the Joint Comprehensive Plan of Action (JCPOA), Iranian hardliners have called on the government to also pull out and immediately accelerate Iran’s nuclear program.

    Kayhan, a newspaper that is considered the mouthpiece of Supreme Leader Ayatollah Ali Khamenei, and Javan, an outlet close to the Islamic Revolutionary Guard Corps, both said Iran should restart its nuclear project. “Trump has torn up the nuclear deal, it is time for us to burn it,” Kayhan wrote. IRGC Commander Maj. Gen. Mohammad Ali Jafari told...

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