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Shock and Confusion in the Iranian System Following Trump's Election Victory!

In the wake of Donald Trump's victory in the elections, fears and anxieties have become palpable within the political landscape of Iran. The regime is preparing for potential ramifications on its economy and geopolitical position amidst a shaky Tehran stock market and a collapsing national currency. While some Iranian officials publicly downplayed the importance of the elections to Iran, reactions in official media and statements from various officials reveal deep-rooted concerns.
The government-affiliated Etemad online newspaper reflected the shock, publishing a headline that read, "Tehran's Stock Market Stunned by Trump's Victory." However, Fatemeh Mohajerani, spokesperson for the government of Masoud Pezeshkian, dismissed the immediate impacts of the U.S. elections, stating, "The election of the U.S. president does not directly affect us. The general policies of America and the Islamic Republic of Iran remain unchanged. Preparations have long been made, and it does not matter who the U.S. president is." She added, "Sanctions have greatly strengthened our domestic capabilities, and the economy is strong enough to cope with this."
Foreign Ministry spokesman Ismail Baqaei adopted a cautious tone, saying, "For Iran, what matters are the actions of the U.S. administration." Meanwhile, Tehran’s mayor, Alireza Zakani, maintained a defiant tone, asserting, "For the Resistance, it does not matter who becomes the U.S. president, as the will of God to support the Resistance is stronger."
The state-run newspaper Asr Iran responded to the denial of Trump's election victory with skepticism, publishing an article titled "Why Trump Has Become More Dangerous than He Was Four Years Ago?" The article criticized officials for downplaying the significance of the event, comparing their position to "someone who says that floods and rain are the same thing." It warned of Trump's enduring hostility, emphasizing that his past actions against Iran—the withdrawal from the Joint Comprehensive Plan of Action (JCPOA), the assassination of Qassem Soleimani, and the reduction of Iranian oil exports by two-thirds—could intensify.
Former diplomat Ali Majidi rejected the Foreign Ministry’s stance on the insignificance of the elections, stating, "Events in the region have all been harmful to us." Former head of the parliament's National Security and Foreign Policy Committee, Heshmatollah Falahatpisheh, reiterated this view, citing Trump's exit from the JCPOA as evidence of the significant impact U.S. elections can have on Iranian foreign policy. He said, "The results of the U.S. elections have shown that the American administration can directly impact Iran's international relations."
On November 6, economic analyst Vahid Shaghaghi Shahri highlighted Trump's focus on sanctions, warning that "Trump's sanctions have a significant impact, especially on the Iranian oil sector. If he wins, the value of the dollar in Iran could increase by about 10%." Shaghaghi noted that while oil exports had somewhat recovered after Trump's departure, they had fallen to less than 500,000 barrels per day during his administration, placing immense pressure on the Iranian economy. The economic response to Trump's victory was swift, with Tehran's stock index dropping by more than 7,000 points, a decrease of 0.35%, marking the third consecutive day of losses. The overall stock index fell by more than 3,000 points, down 0.49%. The Iranian rial reached its lowest historical level, with the U.S. dollar reaching 70,300 tomans (one toman equals 10 rials) in the free market, slightly stabilizing but still at 69,600—the increase of 700 tomans from the previous day. Gold prices also rose, with the price of a single Imam gold coin increasing by 480,000 tomans to 52.750 million tomans, while the price of 18-carat gold reached 4.714 million tomans per gram.
On November 6, the government-affiliated newspaper Setareh Sobh published an article titled "The Unwritten Alliance," discussing the regional implications of Trump's election victory and warning of a "possible war between Iran, Israel, and the United States." The article pointed out that "some Arab countries that appeared to ally with Iran are now retreating from the Iranian-American conflict and distancing themselves from Tehran's proxy forces. Iraq has declared neutrality, and the Lebanese economy minister has called for the disarmament of Hezbollah."
In another interview with Setareh Sobh, state analyst Ali Beigzadeh lamented the missed opportunity of a four-year Biden administration, writing, "Iran had good opportunities in recent years... We should have made progress during the Democrats' administration. The problem is not with the United States, but with an unsolved internal crisis. How did a Democratic administration last four years in the White House
**Mir Mohammady**
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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