Volatility challenges continuity as Iranians prepare for elections

Heightened tensions with the United States since President Donald Trump came to power in 2017 have undermined the Iranian economy, squeezing many incomes to breaking point. Much worse could be to come. The steady escalation underlined by the killing of the Islamic Revolutionary Guards Corp (IRGC)’s Quds Force commander General Qassim Soleimani and attacks on US facilities in Iraq could yet lead to all-out conflict, despite calls for cool heads and de-escalation.