International

Conservatives win Iranian elections with lowest turnout in republic’s history

Iranian conservatives have comfortably retained their majority in Parliament in an election marked by the lowest voter turnout in the history of the Islamic Republic of Iran and the first since the protests sparked by the death of Mahsa Amini in 2022.

After three days of counting, the Electoral Commission announced that 245 members of Parliament had been elected in the first round of the legislative elections, the majority of whom are conservatives, reported the official IRNA news agency.

Another 45 seats will be decided in a runoff in April or May, as candidates failed to secure at least 20% of the votes in their constituencies, with 16 of them in Tehran.

Iran held elections for Parliament and the Assembly of Experts on Friday amid popular discontent, disqualification of reformist politicians advocating for gradual openness in the country, and calls for boycott.

Low turnout, yet higher than expected

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Preliminary data from IRNA indicated a turnout of 41%, compared to 42.5% in the previous legislative elections, which was attributed to the COVID-19 pandemic. In 2016, voter turnout was 61.6%.

This would mark the lowest turnout in the 45-year history of the Islamic Republic, although polls had predicted an even lower turnout, possibly as low as 30%.

In Tehran, turnout was reported at 24%, according to reformist outlets like Shargh.

Official turnout figures have not been made public, remaining one of the main uncertainties of the elections, which were held amidst calls for boycott from politicians and activists, including Nobel Peace Prize laureate Narges Mohammadi, who is currently imprisoned.

A blow to “Iran’s stubborn opponents”

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Despite the low turnout, authorities hailed it as a success.

“This presence, full of passion and understanding, was another blow to Iran’s stubborn opponents after the historic blow they received in last year’s riots,” said President Ebrahim Raisi last Saturday.

The president retained his seat in the Assembly of Experts, which is elected every eight years, with 82% of the vote in the South Khorasan province, where he faced only one other rival.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.