Mon 3 Aug 2026
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Understanding Iran’s Shift to a Kleptocracy and Its Global Implications

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The recent ascension of Mojtaba Khamenei as Iran’s supreme leader marks a significant shift in the regime’s structure, with implications for global finance. His rise is accompanied by revelations of vast wealth, suggesting a transition from a revolutionary theocracy to a kleptocracy, where power and wealth are concentrated among a small elite.

This kleptocratic system is underpinned by the Islamic Revolutionary Guards Corps (IRGC), which has developed commercial enterprises that exploit state re

Sources
Radio Free Europe/Radio Liberty

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