Iran's 'resistance economy' faces new tests in 2021

Significance

At the same time, the June 18 presidential election campaign is beginning, with top judge Ibrahim Raisi registering as a favoured candidate. Heading a high-profile anti-corruption campaign, Raisi has been a strong advocate of Supreme Leader Ali Khamenei's 'resistance economy' policy to undermine sanctions by supporting domestic production.

Impacts

• Effective legislation to manage conflicts of interest, including of officials' family members, will likely remain blocked.
• Local business interests that would benefit from more global links may have a strong voice even under a conservative government.
• The Islamic Revolution Guard Corps will keep a firm grip on the infrastructure sector.