Why Iran worries about Donald Trump becoming US president again
- A second Trump presidency could mean potential economic shocks for Iran, bolder military action against it and increased protest movements
- It poses immense risks for Iran’s leadership, especially given the recent tit-for-tat strikes with Israel and the threat of a wider Middle East war
Under such conditions, there are three ways a new Trump administration might pose a threat to the clerical establishment: a potential economic shock, bolder military action against the regime and increased protest movements.
Renewed economic pressure
Iran’s then-vice president, Eshaq Jahangiri, described the subsequent year as the “toughest” since the Islamic Republic’s inception.
Trump’s campaign reduced Iran’s oil exports to a historic low of under 400,000 barrels per day, significantly slashing the country’s petrodollars, which represent about 70 per cent of government revenues. Moreover, between 2018 and 2020, Iran’s national currency depreciated by more than 600 per cent.
Republicans in the US blame the Biden administration for not enforcing sanctions against Iran. The White House insists it is.
With Iran’s economy still weakened, Trump’s potential return could bring a new wave of pressure. Iran’s Chamber of Commerce, Industries, Mines and Agriculture has noted, for instance, that a Trump return will cause Iran’s oil exports to “suffer again”.
The head of Iran’s Parliament Research Centre has also highlighted the country’s current budget deficit of US$3.7 billion, warning a Trump return would necessitate being ready for “increased sanctions pressure and an economic shock”.
Another economic analyst, Morteza Afghe, struck a more dire note when he warned of a potential “collapse of Iran’s economy”.
Due to Iran’s more strident anti-Western policies under President Ebrahim Raisi and the dominance of radical factions in parliament, Afghe believes Trump would be even more determined to escalate his “maximum pressure” campaign on the country.
There are concrete signs of this nervousness already – Trump’s sweep of the Republican primary contests earlier this year coincided with a 20 per cent fall in the value of the Iranian rial.
Security implications
When he was killed, Iran’s supreme leader Ali Khamenei described Soleimani as the architect behind the Iran-backed militia networks in the Middle East, known as the “axis of resistance”.
Khamenei also said he “bows to Soleimani” for his achievements with the Quds Force. This illustrates the profound impact the US strike had on Iran’s security interests.
He also said at a rally: “[Israel is] under attack right now. That’s because we show great weakness. […] It would not have happened if we were in office.”
Even before the recent Israel-Iran tensions, Mehdi Mohammadi, an adviser to Iran’s parliament speaker on strategic affairs, said Iran’s national security could face “very difficult” years under another Trump presidency, reintroducing the prospect of “maximum threats” against Tehran.
Increasing unrest at home
Elections were held earlier this year for Iran’s parliament and the Assembly of Experts, the body that appoints the supreme leader. The official voter turnout was reported at just 41 per cent. In the capital of Tehran, turnout was only 24 per cent, the lowest in the history of the Islamic Republic.
This marks the third time in four years – including two parliamentary elections and one presidential election – in which voter turnout was below 50 per cent. Before 2020, voter turnout typically exceeded 60 per cent or even 70 per cent.
Given these declining rates of voter participation and three major, nationwide protest movements since 2017, Iran’s leadership is in the midst of the most serious legitimacy crisis in the Islamic Republic’s history.
Within the country, media outlets have suggested the rise of unpopular, ultraconservative political figures could further deepen public dissatisfaction with the regime. Under such circumstances, possible economic repercussions from a second Trump presidency could fuel a new wave of nationwide protests in the country.
And if Trump is elected, by the time he took office, Iran’s supreme leader would be about 86 years old. A transfer of power in Iran during a Trump presidency could bring even more uncertainty at a very critical time in Iranian politics.