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Asset Management – How To

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TEHERAN (BLOOMBERG) - While the world looks to next month's US election for clues on the future of the standoff with Iran, candidates are preparing for another vote that may prove just as pivotal. Next June, Iranians will also elect a new president, as the era of Hassan Rouhani, who staked his career on clinching the historic nuclear deal with world powers in 2015, comes to an end, his legacy upended by hardliners in the US and at home. As always, presidential hopefuls will be vetted by the powerful Guardian Council, whose members are appointed by Supreme Leader Ayatollah Ali Khamenei. But the field is set to be dominated by military men and stalwart conservatives whose influence has surged since 2018, when President Donald Trump abandoned the nuclear accord Rouhani had pledged would be a ticket to international acceptance and economic prosperity. Though Iran has rolled back compliance to key commitments in the deal, resuming enrichment beyond the agreed limits as Trump reinstated and tightened sanctions, it has not officially repudiated the agreement and has indicated its violations could be phased out if penalties are lifted. Tighter US sanctions have caused Iran's oil exports to