Mixed reactions greeted President Hassan Rouhani’s landslide reelection victory in Iran over the weekend. Rouhani, a political moderate (at least by Iranian standards) who negotiated a landmark nuclear deal with the United States and other world powers during his first term, was the favorite candidate of both young Iranians hoping for change and international investors looking for stability.
He is expected keep Tehran on the path to more transparency and engagement with the world. Even though the president is largely subordinate to the supreme leader in Iran’s unique political system – meaning the government’s aggressive foreign policy and repressive domestic one are unlikely to change anytime soon – he still wields some influence over the direction the country takes.
Log in to see the rest of this article and the discussion
Kiplinger Alerts is a subscription-based e-mail and online alert service that helps you make more profitable decisions for your business and investments. You get reliable intelligence and forecasts on more than a dozen factors that affect the economy and are critical to your business and financial success.