Hard‑liners in Iran launch a campaign of rallies and media ads to derail growing negotiations with the United States. State broadcasts showcase portraits of former Supreme Leader Ali Khamenei and his successor Mojtaba Khamenei, framing the talks as foreign interference.

The push comes after months of quiet diplomacy aimed at easing sanctions. Hard‑liner rhetoric threatens to stall any breakthrough, risking a repeat of the 2015 deal’s collapse and exposing Iranian firms to renewed U.S. pressure.

Investors eye Tehran’s market volatility; a stalled deal would extend sanctions on oil exports, tightening cash flow for key state‑owned enterprises and widening the risk premium on Iranian equities.