Iran's Stock Market Decline Shows Unease Over Nuclear Talks

Iran’s foreign ministry said Sunday that after four rounds of talks with Saudi Arabia, reopening of embassies “will take some time”, after the Saudi foreign minister said not much progress has been made.

The Iranian foreign ministry spokesman Saeed Khatibzadeh was quoted by local media as saying that the two sides have achieved preliminary agreements, but the two countries are waiting for the finalization of the talks.

Saudi Arabia’s Foreign Minister Faisal bin Farhan Al Saud had told CNBS in Rome on Saturday that talks with Iran are continuing but no “solid progress had been made.” He indicated that another round of talks will follow, saying, “We haven’t really reached any conclusive progress. But they have been, I would say, positive enough to allow for further discussion beyond, but nothing concrete as of yet.”

Iran has embarked on a much-touted policy of improving relations with neighbors as it grapples with Western powers over its nuclear program. The West besides asking Iran for a full return to the 2015 nuclear deal (JCPOA), is also raising the issue Tehran’s aggressive policies in the region.

The B-1B Lancer bomber flew Saturday over the Strait of Hormuz, the narrow mouth of the Persian Gulf through which 20% of all oil traded passes.

It also flew over the Red Sea, its narrow Bab el-Mandeb Strait and Egypt's Suez Canal.

The Strait of Hormuz has been the scene of attacks on shipping which have been blamed on Iran over recent years, while the Red Sea has seen similar assaults amid an ongoing shadow war between Tehran and Israel.

The Islamic Republic has denied involvement in the attacks, though it has promised to take revenge on Israel for a series of attacks targeting its nuclear program.

Fighter jets from Bahrain, Egypt, Israel and Saudi Arabia flew alongside the bomber.

The flyover is the first in a pattern of such flights by nuclear-capable B-52 bombers since the Trump administration, as a show of force to Iran.

Biden sending a B1-B bomber into the region allows him to send "a clear message of reassurance" to regional allies, the US Air Force's Central Command said in a Twitter post.

Report by AP

Molavi Abdolhamid is the religious leader of Iran’s largely Sunni Baluch population living in the southeast near Pakistan and Afghanistan. Over the years, he was an outspoken defender of equal rights for all religions and ethnic groups in Iran but since the Taliban victory in August has become a supporter of the extremist group implicated n hundreds of attacks on civilians.

Abdolhamid in an interview with a local website has called on other countries not “to pre-judge the Taliban”, arguing that the group has changed, and its critics are exaggerating their shortcomings.

Iran’s ruling hardliners also welcomed the Taliban victory in Afghanistan, labeling it as a “strategic defeat for the United States”, but officials now are more circumspect, demanding that the Taliban should form an “inclusive government”.

Abdolhamid’s pro-Taliban statements have led to criticism among Iranians. An Iranian rights group which had bestowed an award on the Sunni cleric for defending human rights took it back in August.

The Taliban have continued their restrictive policies against women in Afghanistan and in some provinces have mistreated Shiite minorities.

Gholamreza Jalali, an Islamic Revolution Guard Corps IRGC general said this is not yet proven and a technical investigation was yet to be completed.

"We are still unable to say forensically, but analytically I believe it was carried out by the Zionist Regime, the Americans and their agents," Jalali, head of Passive Defense Organization (PDO) which is in charge of cyber security, told state TV in an interview.

A nationwide disruption of special payment cards on Tuesday led to havoc at gas stations across Iran. The payment system that was hit is a digital network that controls subsidized, cheap fuel each Iranian receives monthly. Once the system was disrupted, people had to pay double in cash to pump gas.

The cheapest, rationed fuel is about 20 US cents a gallon, while the regular price for gasoline is around 40 cents, the second cheapest in the world after Venezuela.

Iran has said in the past few years that it is on high alert for online assaults, which it has blamed on its arch-foes the United States and Israel. The United States and other Western powers meanwhile have accused Iran of trying to disrupt and break into their networks.

Jalali accused the administration of former president Hassan Rouhani of "not taking cyberwarfare seriously and ignoring it" and claimed that his organization has reached an understanding with the ultraconservative administration of President Ebrahim Raisi "to make up for the setbacks during the previous administration. The PDO will inform the judiciary of the identity of those who caused the attack by neglecting or not carrying out the required precautions.

President Ebrahim Raisi said this week that the cyberattack was designed to create "disorder". But experts have said the payment system was not connected with the Internet.

The disruptions on Tuesday came ahead of the second anniversary of bloody protests in Iran over a sharp increase in fuel prices in November 2019 that turned political with protesters demanding the country's top rulers step down. Security forces killed up to 1,500 people during the unrest using military weapons.

Jalali said that, based on completed investigations, Iran was "certain" that the United States and Israel were behind the cyberattacks on Iran's railroads in July and the Shahid Rajaee Port in May 2020.

Iran's train services were delayed in July by apparent cyberattacks, with hackers posting the phone number of Supreme Leader Ayatollah Ali Khamenei's office as the number to call for information.

About half of Iran's 4,300 gas stations were now reconnected and resuming the sale of heavily subsidized fuel, the state news agency IRNA said on Saturday. Hours after the cyberattack, gas stations reopened gradually but could only be operated manually for the sale of more expensive fuel.

Speculation among Iranian on social media was rampant after the incident, with some saying that the disruption was intentional by the government who wants to reduce subsidies amid a deep economic crisis triggered by US sanctions.

The PDO which is affiliated to the Armed Forces General Command (AFGC) is responsible for policymaking, planning, and operating passive and civil defense activities of government agencies including measures against cyber, biological, radioactive, chemical, and economic threats.

The organization's exact budget is not known but it receives 2% of the budget of all government organizations and agencies to implement its measures against threats in addition to the budget that it receives from the AFGC.

Earlier this week, media claimed the federation had suggested draft legislation to allow women to be spectators, after a 40-year ban. But the Iranian Student News Agency (ISNA) reported Saturday that the federation had denied these reports, which had cited the federation’s own officials.

It was not immediately clear whether the federation had back-pedalled due to political pressure from conservatives who oppose women at games.

Former president Mahmoud Ahmadinejad announced in 2006 that a ban on women’s attendance, introduced after the 1979 Revolution, would be lifted, but he backed down after objections from senior Muslim clerics.

FIFA, the international football or soccer federation, has been calling on Iran to relax the rule and allow women into stadiums. A select number of women were allowed to attend World Cup qualifying games in 2018.

But lack of further progress led to FIFA considering banning Iran from international games, which led the government to allow around 3,000 women − a small fraction of the attendance − to watch a game between Iran and Cambodia two years ago, in October 2019, exactly 38 years after women were first banned in October 1981.

Women soccer fans were encouraged that things were moving in the direction they wanted. But in restricting attendance at all sports, the Covid-19 pandemic also stopped the trend toward allowing women in Iran to attend games.

A strict version of Islamic and cultural tradition restricts women’s contact with men, and a sports stadium packed with male spectators and where woman watch men compete, alarms many conservative clerics.

But women know that before the 1979 revolution they were allowed to do many things they are barred from today, including not wearing hijab, riding a bicycle, even a motorcycle and holding high level government jobs.

But FIFA is likely to renew its pressure. Recently, Iran announced that all attendance was banned in an international match against South Korea in Tehran, but the people were allowed to watch the game in cinema theatres.

Ostensibly, the ban on stadium attendance was for the pandemic, but many pointed out that cinemas were just as conducive, if not more so, to spreading coronavirus.