Iran's President Masoud Pezeshkian has submitted his resignation to Supreme Leader Khamenei, citing the Iranian Revolutionary Guard Corps' (IRGC) dominance over government affairs and his exclusion from key decision-making processes. The resignation highlights internal power struggles within Iran's political landscape. It remains uncertain whether Khamenei will accept Pezeshkian's resignation.
This development could have significant implications for global markets, particularly in the oil sector, given Iran's status as a major oil producer. Additionally, geopolitical tensions in the Middle East often influence cryptocurrency markets, with potential short-term impacts on Bitcoin as investors seek non-sovereign hedges. The situation may also affect sanctions enforcement, potentially impacting Iranian crypto-related activities.
Iranian President Resigns Amid IRGC Control Over Government
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