Iranian conservative rift deepens as lawmaker targets President Pezeshkian

CryptoBriefing A reported move by a hardline lawmaker to initiate the removal of Iranian President Masoud Pezeshkian has exposed significant divisions within Iran’s conservative camp. The attempt, which has led to a fierce confrontation among conservatives rather than between conservatives and moderates, underscores the deepening rifts exacerbated by ongoing wartime pressures. This development was highlighted by Iran International, suggesting potential instability within the ruling faction as they grapple with the internal discord. Markets appear to interpret this internal conflict as an indication of potential shifts in Iran’s political landscape, with the odds of Pezeshkian’s removal by the end of the year seeing a modest increase. Key Takeaways The internal conflict within Iran’s conservative camp over Pezeshkian’s presidency suggests increased uncertainty about his political future. Pricing indicates a 15% increase in the perceived likelihood of Pezeshkian’s departure by the end of the year, now at a 14% YES probability. The political tensions appear to be exacerbated by Iran’s current wartime environment, which is intensifying divisions within the conservative faction. What to...