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Sacking of Iran’s finance minister deals blow to reformists

President Masoud Pezeshkian on defensive after impeachment of Abdolnaser Hemmati

Iran’s hardline-dominated parliament has impeached and sacked economy and finance minister Abdolnaser Hemmati, delivering a significant setback to the reformist government of President Masoud Pezeshkian.

The move highlights tensions over how to handle Iran’s crisis, which Pezeshkian says is driven by US sanctions and has become an “all-out war” over the economy.

Lawmakers who voted to remove Hemmati blamed him for worsening economic conditions since he took office last August. They pointed to the 60 per cent depreciation of the national currency, the rial, against the US dollar on the open market during his tenure, along with soaring prices for essential goods including food and medicine.

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