On May 19, the Islamic Republic of Iran holds presidential elections, the first following the landmark 2015 nuclear agreement. Incumbent President Hassan Rouhani is running against five other candidates, approved by Iran’s Guardian Council to compete in the election. The race has centred heavily on economic policies for tackling high unemployment and growing inequality, together with how to reintegrate the country into global financial platforms following the rollback of sanctions in the aftermath of the nuclear deal.
Policy decisions in Iran are largely devised through consensus among the various leadership figures represented in the Supreme National Security Council (SNSC). The SNSC is headed by Iran’s Supreme Leader Ali Khamenei, who is the final arbiter on matters of national security, but the presidential role has proven capable of steering decisions towards moderate or radical positions. For European governments and businesses that have long dealt with the Islamic Republic, there is a clear distinction between the administrations of former presidents Mohammad Khatami, Mahmoud Ahmadinejad and Rouhani.