Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Omar Ayales: Is Gold's Run Over? Signals I'm Watching, Plus What I'm Buying

November 12, 2025

Jordan Roy-Byrne: Gold, Silver Going Much Higher, “Powerful Signal” to Watch

November 12, 2025

ReeXploration: Building the Next Generation of Responsible Critical Minerals Supply

November 12, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Business
Business

Moderate Pezeshkian wins Iran presidential election, urges people to stick with him By Reuters

News RoomBy News RoomJuly 6, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

By Parisa Hafezi

DUBAI (Reuters) – Relative moderate Masoud Pezeshkian urged people on Saturday to stick with him on “the difficult road ahead” after beating a hardline rival to win Iran’s presidential election.

Friday’s run-off vote was between Pezeshkian, the sole moderate in the original field of four candidates, and hardline former nuclear negotiator Saeed Jalili.

Pezeshkian, a 69-year-old cardiac surgeon, has pledged to promote a pragmatic foreign policy, ease tensions over now-stalled negotiations with major powers to revive a 2015 nuclear pact and improve prospects for social liberalisation and political pluralism. 

However many Iranians are sceptical about his ability to fulfil his campaign promises as Supreme Leader Ayatollah Ali Khamenei, not the president, is the ultimate authority in the Islamic Republic.

“Dear people of Iran, the election is over, and this is just the beginning of our working together. A difficult road is ahead. It can only be smooth with your cooperation, empathy and trust,” Pezeshkian said in a post on social media platform X.

“I extend my hand to you and swear on my honour that I will not abandon you on this path. Do not abandon me.”

Turnout was almost 50% in Friday’s vote, following historically low turnout in the first round ballot on June 28, when over 60% of Iranian voters abstained. The election was called after President Ebrahim Raisi was killed in a helicopter crash in May.

Pezeshkian managed to win with a constituency – whose core was believed to be mostly the urban middle class and young – that had been widely disillusioned by years of security crackdowns that stifled any public dissent from Islamist orthodoxy.

Videos on social media showed his supporters dancing in streets in many cities and towns across the country and motorists honking car horns to cheer his victory.

FOREIGN POLICY

Pezeshkian’s victory lifted hopes of a thaw in Iran’s relations with the West that might create openings for defusing its nuclear dispute with world powers.

The election coincided with escalating regional tension due to the conflicts between Israel and Iranian allies Hamas in Gaza and Hezbollah in Lebanon, as well as increased Western pressure on Iran over its fast-advancing nuclear programme.

Under Iran’s dual system of clerical and republican rule, the president cannot usher in any major policy shift on Iran’s nuclear programme or support for militia groups across the Middle East, since Khamenei calls all the shots on top state matters.

However, the president can influence the tone of Iran’s policy and he will be closely involved in selecting the successor to Khamenei, now 85. 

Backed by Iran’s reformist camp led by former President Mohammad Khatami, Pezeshkian is faithful to Iran’s theocratic rule and has no intention of confronting the powerful security hawks and clerical rulers.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Bank of Israel quashes rate cut rumors

Should You Invest in Woodward (WWD)?

What to watch for at China’s Communist Party’s plenum

Jamie Dimon issues private credit warning: ‘When you see one cockroach, there are probably more’

European hostility could jeopardize Metro

Exclusive-Japan’s Rakuten weighing US IPO of credit card business, sources say

Dipan Mehta bullish on LG Electronics as GST cut boosts outlook

Kamala Harris doesn’t believe her presidential run was her finale: A glass ‘cliff suggests finality, and I’m not into that’

LevelBlue acquires cybersecurity co Cybereason

Recent Posts
  • Omar Ayales: Is Gold's Run Over? Signals I'm Watching, Plus What I'm Buying
  • Jordan Roy-Byrne: Gold, Silver Going Much Higher, “Powerful Signal” to Watch
  • ReeXploration: Building the Next Generation of Responsible Critical Minerals Supply
  • Scientific Art Analysis Firm Launches ‘World’s First Insured Authenticity Guarantee for Artworks’
  • Extremely high-grade gallium and rare earths Maiden Resource

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Jordan Roy-Byrne: Gold, Silver Going Much Higher, “Powerful Signal” to Watch

November 12, 2025

ReeXploration: Building the Next Generation of Responsible Critical Minerals Supply

November 12, 2025

Scientific Art Analysis Firm Launches ‘World’s First Insured Authenticity Guarantee for Artworks’

November 12, 2025

Extremely high-grade gallium and rare earths Maiden Resource

November 12, 2025

Carnegie International Names 14 Artist Commissions for 2026 Edition

November 12, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.