Comment: New president likely to change Iran’s oil industry

On June 24, the mayor of Tehran, Mahmoud Ahmadinejad, won the second round of Iran’s presidential elections, upsetting Ali Akbar Hashemi Rafsanjani with 61.7% of the vote. Ahmadinejad’s victory has received considerable press coverage in the US, partly because it has been alleged that he was one of the key students involved in the takeover of the American Embassy in 1979.As the inability to definitively ascertain Ahmadinejad’s involvement demonstrates, not much is known about him. He generally is considered a conservative populist, a champion of the poor, and a nationalist. In his youth he might also have been a member of the Hojjatieh Society, a traditionalist and secta...

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