CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI: CANADA JUN INDUSTRIAL PRICES +0.0% MOM; EX-ENERGY +0.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

IRAN: Next President To Serve Full 4-Yr Term; Nuclear Negotiator Tipped For FM

IRAN
EM BulletDataCommoditiesPolitical Risk BulletEnergy BulletsBulletEmerging Market News

Following the death of President Ebrahim Raisi in a helicopter crash, Iran's Guardian Council has confirmed that the special election to take place within 50 days will be for a full four-year term in office, not just serving out the remainder of Raisi's term to 2025. This will result in several unintended consequences. The first being that the presidential and parliamentary elections will now take place in the same year, whereas previously the presidential election cycle was one year behind elections to the Consultative Assembly. 

  • The shift will also see the Iranian presidential election cycle line up with that of the United States. While having no material impact in either country, the emnity between the two countries - that only became more embedded during Raisi's hard-line presidency - could become even more intense with prospective leaders in both countries running for the presidency at the same time. 
  • The helicopter crash not only killed Raisi, but also Foreign Minister Hossein Amir-Abdollahian. There is some media speculation that Deputy FM for Political Affairs Ali Bagheri Kani is set to replace the late Amir-Abdollahian as foreign minister. Bagheri Kani is Iran's seniormost nuclear negotiator, and his elevation could have a notable impact on various direct and indirect nuclear talks. 
  • Just days ago, International Atomic Energy Agency (IAEA) DG Rafael Grossi said Iran was willing to get involved in “serious dialogue” with the nuclear agency for the first time in over a year. Should Bagheri Kani move to the FM's office this could change the delicately-balanced dynamics in nuclear talks. 
256 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Following the death of President Ebrahim Raisi in a helicopter crash, Iran's Guardian Council has confirmed that the special election to take place within 50 days will be for a full four-year term in office, not just serving out the remainder of Raisi's term to 2025. This will result in several unintended consequences. The first being that the presidential and parliamentary elections will now take place in the same year, whereas previously the presidential election cycle was one year behind elections to the Consultative Assembly. 

  • The shift will also see the Iranian presidential election cycle line up with that of the United States. While having no material impact in either country, the emnity between the two countries - that only became more embedded during Raisi's hard-line presidency - could become even more intense with prospective leaders in both countries running for the presidency at the same time. 
  • The helicopter crash not only killed Raisi, but also Foreign Minister Hossein Amir-Abdollahian. There is some media speculation that Deputy FM for Political Affairs Ali Bagheri Kani is set to replace the late Amir-Abdollahian as foreign minister. Bagheri Kani is Iran's seniormost nuclear negotiator, and his elevation could have a notable impact on various direct and indirect nuclear talks. 
  • Just days ago, International Atomic Energy Agency (IAEA) DG Rafael Grossi said Iran was willing to get involved in “serious dialogue” with the nuclear agency for the first time in over a year. Should Bagheri Kani move to the FM's office this could change the delicately-balanced dynamics in nuclear talks.