Iran’s Foreign Minister Mohammad Javad Zarif  and President Hassan Rouhani in a meeting. (AP)

February 26, 2019

Iran’s stock market dropped around 2,000 points on Tuesday on news that Foreign Minister Mohammad Javad Zarif had announced his resignation, the Islamic Republic News Agency (IRNA) reported.

Zarif announced his resignation in an Instagram post on Monday but President Hassan Rouhani did not confirm that he had accepted the resignation.

Javad Zarif played the lead role in striking the deal under which Iran agreed to curbs on its nuclear program in return for the lifting of international financial sanctions.

He came under attack from anti-Western hardliners in Iran after the United States pulled out of the agreement last May and reimposed sanctions. A spokesman for the Iranian mission to the United Nations, Alireza Miryousefi, confirmed the announcement of the resignation.

Reuters

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.