Iran’s Rouhani economic resistance rut

After a 5% loss from December to end-March, the Tehran Stock Exchange retraced the previous 79,000 point level ahead of May 19 elections pitting the incumbent President Hassan Rouhani against a half dozen approved candidates. Hardliners Ebrahim Raisi, a protégé of Supreme Leader Ayatollah Khamenei, and Mohammed Baqer Qalibaf, the capital’s mayor since 2005 and […]