Mohsen Rezaei, former commander of the Islamic Revolutionary Guard Corps (IRGC) and close ally of Supreme Leader Ayatollah Ali Khamenei, has been appointed as secretary of Iran’s Supreme National Security Council. This appointment is part of a broader security reshuffle in Tehran, marking a consolidation of power within the regime. His history as a hard-line figure suggests a shift towards more conservative policies that may impact President Masoud Pezeshkian’s position. Markets now price a 14% probability that Pezeshkian will no longer be president by December 31.
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