Ebrahim Raisi Sworn In as Iran's New President

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The protégé of Iran's supreme leader, Ebrahim Raisi, was sworn in as the country's new president during a ceremony in parliament on Thursday, an inauguration that completes hard-liners' dominance of all branches of government in the Islamic Republic. But Raisi's confirmation also comes at a sensitive time for Iran and the wider Middle East. The country is reeling from crushing U.S. sanctions that have devastated the economy, led to the crash of the Iranian riyal and hit ordinary Iranians hard.

Exacerbating Iran's despair, the coronavirus has spiraled out of control, with authorities reporting a record of 39,000 new cases on Tuesday — almost 2,000 more than the previous day. Given the brinkmanship over its accelerating nuclear program and the West alleging that Tehran launched a fatal drone attack targeting an oil tanker linked to an Israeli billionaire last week, one might think that had already happened.

Source: YouTube, Bloomberg Quicktake: Now