Weekly Geopolitical Report – The Iranian Elections (March 7, 2016)

by Bill O’Grady

On February 26, Iran held two elections, one for parliament and the other for the Council of Experts.  The former is Iran’s legislative body, and the latter is the part of government that monitors the Supreme Leader and selects his replacement if he dies, becomes incapacitated or is removed.  Since the 1979 revolution, Iran has not held these two elections simultaneously.  The results favored moderate candidates and rejected the most hardline factions.

In this report, we will discuss the structure of the Iranian government, examine the results of the elections and analyze their impact.  As always, we will conclude with market ramifications.

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