Iranian officials have downplayed the impact of the U.S. presidential election on the nation’s economy, following Donald Trump’s claim of victory. Government spokesperson Fatemeh Mohajerani assured Iranians that their livelihoods would remain stable regardless of the U.S. leadership outcome. “Our policies are steady and don’t change based on individuals,” Mohajerani stated, underscoring that Iran had prepared for possible scenarios.
Potential for Sanctions and Regional Tensions
Arab and Western officials speculate that Trump may reintroduce his “maximum pressure” campaign against Iran. This strategy could include further sanctions on Iran’s oil sector and support for Israeli action against Iran’s nuclear programme. Trump’s first term saw a harsh sanction policy that curtailed Iran’s oil exports and led to economic strain, pushing Iran to adopt fiscal measures like tax hikes and budget deficits to combat near-40% inflation.
The Revolutionary Guards refrained from commenting on Trump’s claim of victory but warned of readiness to confront Israel, especially after recent Israeli strikes in Iran that killed four soldiers. Deputy chief Ali Fadavi stated that Iran’s “depots have enough weapons” and expressed readiness for potential U.S.-Israel action aimed at curtailing retaliation from Tehran.
Economic Concerns and Currency Pressure
The uncertainty surrounding the U.S. election result has added to Iran’s economic challenges, with the national currency, the rial, reaching a record low against the U.S. dollar. As of Wednesday, it traded at 700,000 rials to the dollar, underscoring concerns over the impact of potential renewed sanctions. Mohajerani, however, reassured Iranians that the government’s preparations would mitigate any direct impact on daily life.
As the situation develops, Iran’s government remains committed to a steady policy approach, focusing on internal resilience amid external pressures.
(With Inputs From Reuters)
