Israel's defense minister on Tuesday called the Islamic Republic "the greatest threat to the future of the world", calling on the US to prevent it from acquiring a nuclear weapon before it gets too late.
"The greatest threat to the future of the world is Iran," Israeli Defense Minister Yoav Gallant said in a press conference with his American counterpart Lloyd Austin in Washington DC.
"And time is running out. Now is the time to materialize the commitment of US admin over the years - the promise to prevent Iran, from possessing nuclear weapons," he said.
His comments came one day after Israeli Prime Minister Benjamin Netanyahu said the Islamic Republic is working on all front to destroy Israel, but the Jewish state will thwart its intentions "at any cost".
Netanyahu said on Monday that Tehran is actively working on multiple fronts to destroy Israel, highlighting the ongoing threat posed by Iranian proxy groups such as Hamas, Hezbollah, and the Houthis.
“At any cost and in any way, we will thwart Iran's intentions to destroy us,” the Israeli prime minister told the Knesset. He described the situation as an "existential war on seven fronts," asserting that Iran is openly attempting to annihilate Israel.
Iran has long been a key supporter of both Hamas in Gaza and Hezbollah in Lebanon, providing financial aid, weapons, and training to these groups.
On October 7, Iran-backed Hamas fighters launched an attack on Israel, resulting in the deaths of over 1,200 people. In response, the Israeli military has initiated an operation in Gaza aimed at dismantling the Palestinian militant group.
Israel is also on the verge of a full-blown conflict with Hezbollah in Lebanon, another Iranian proxy, which has intensified its attacks on northern Israel in solidarity with Hamas fighters.
Gallant's trip to Washington DC comes shortly after the top US general warned that any Israeli offensive in Lebanon would risk a broader conflict that draws in Iran and its proxies, particularly if Hezbollah's existence is threatened.
In a statement on its website, the US Treasury said it is sanctioning "nearly 50 entities and individuals that constitute multiple branches of a sprawling 'shadow banking' network used by Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and IRGC to gain illicit access to the international financial system and process the equivalent of billions of dollars since 2020."
"MODAFL and the IRGC engage in several commercial revenue-generating activities, most notably the sale of Iranian oil and petrochemicals," it added.
According to the statement, "networks of Iranian exchange houses and dozens of foreign cover companies under their control enable MODAFL and the IRGC to disguise the revenue they generate abroad that is then available to use for a range of MODAFL and IRGC activities, including the procurement and development of advanced weapons systems such as unmanned aerial vehicles."
The US Treasury says the revenue made through this network "also supports the provision of weapons and funding to Iran’s regional proxy groups, including Yemen’s Houthis, who continue a campaign of reckless attacks on global shipping, as well as the transfer of UAVs to Russia for use in its war of aggression against Ukraine."
Deputy Secretary of the Treasury Wally Adeyemo said the US is taking action against "a vast shadow banking system used by Iran’s military to launder billions of dollars of oil proceeds and other illicit revenue."
“We have sanctioned hundreds of targets involved in Iran’s illicit oil and petrochemical-related activity since President Biden took office, and we will continue to pursue those who seek to finance Iran’s destabilizing terrorist activities. We continue to work with allies and partners, as well as the global financial industry, to increase vigilance against the movement of funds supporting terrorism," Adeyemo said.
Iran's Defense Ministry "is responsible for development, production, funding, and logistics for all of Iran’s defense industries," according to the US Treasury. "Iran’s budget allots billions of dollars’ worth of Iranian oil to the Iranian armed forces to sell abroad in order to supplement their budgets."
On top of the list of sanctions is Iranian-Turkish money-changer Seyyed Mohammad Mosanna’i Najibi who, through his Iranian branch of business Sadaf Exchange, "has managed several currency exchange businesses in Iran and Türkiye in coordination with the MODAFL Supply Division for the purpose of bypassing US and European sanctions on Iran," the Treasury said.
Omid Sepah Exchange Company and Hekmat Iranian Exchange & Foreign Currency Services Company, and Iranian money-changers Asadollah Seifi, Ramin Jalalian, Reza Mir Mohammad Ali and Siavash Nourian are among other key individuals and entities sanctioned by the US Treasury on Tuesday.
The Treasury's OFAC says it has also designated 27 cover companies based in Hong Kong, the United Arab Emirates (UAE), and the Marshall Islands that are controlled by Najibi and used to obfuscate the MODAFL Supply Division’s international financial activity.
Iran's IRGC has utilized foreign currency exchange offices in Türkiye and Iraq as well as Hong Kong, among other countries, to circumvent US sanctions and fund its regional proxies.
Last year, the United States set a reward of up to $15 million for receiving information on the illicit financial network of Iran's Revolutionary Guard (IRGC).
"The IRGC uses numerous financial mechanisms to fund its activities, including front companies and other entities that help it bypass US and international sanctions," the US State Department said last year.
The Biden administration has already issued dozens of sanction designations on companies and individuals affiliated with the Revolutionary Guard in several countries.
In the absence of accurate and unbiased polls and surveys, predicting what might happen—even in the short term—is always challenging. This lack of reliable data makes it difficult for anyone to have a clear understanding of imminent events.
A few days before the voting day in Iran's snap presidential election, it remains uncertain who will stay in the race. Four of the six candidates—Majles Speaker Mohammad Bagher Ghalibaf, Tehran Mayor Alireza Zakani, former nuclear negotiator Saeed Jalili, and Martyrs Foundation Chief Amir Hossein Ghazizadeh Hashemi—are from the same camp. If they all remain in the competition, no one in the conservative camp is likely to win.
None of them is meaningfully more popular than others in the same camp, although Ghalibaf and Jalili are the two forerunners. The other two are so sure about their unpopularity that they do not do any campaigning, other than the free campaigning the state television offers all candidates.
Although none of the polls and surveys can be fully trusted at this time, all available figures—both genuine and fabricated—indicate that turnout will significantly impact the candidates' standings. Most suggest that a lower turnout increases the likelihood of a conservative victory, while a high turnout would favor the pro-reform candidate, Massoud Pezeshkian.
A turnout under 40 percent gives Jalili a strong chance of winning, potentially even in the first round. A 50 percent turnout puts Ghalibaf, a slightly less hardline candidate, in a better position. A 60 percent turnout would likely ensure Pezeshkian's victory in the first round, eliminating the need for a runoff election.
The reason is that over 60% of voters have shunned the ballot box in the last two elections due to deep disillusionment. The more this disillusioned majority votes, the more support relative moderates are likely to receive.
However, despite all the fuss about a consolidated conservative camp, they are badly divided. Their combination in the election, shows that it is every man for himself. Some journalists say there will be a conservative figureheads' gathering on Tuesday or Wednesday and three of the conservative candidates will withdraw in the interest of the more popular individual. No one yet knows for sure whether Jalili or Ghalibaf will remain in the race.
From the perspective of Supreme Leader Ali Khamenei, Ghalibaf is the preferable choice because, unlike Jalili, he lacks an ideological agenda and political party affiliation. Jalili's domestic and alleged foreign connections make him a suspect in Khamenei's eyes, as he leaves no room for doubts regarding his men's loyalty.
During the past days, while mudslinging against Ghalibaf has been diminishing, videos surfaced on social media in which former presidents Ebrahim Raisi and Hassan Rouhani showed Jalili in a bad light. Raisi said in his video that he offered many jobs to Jalili but he did not accept any one of them. These comments are extremely damaging as Raisi' is being treated like a saint following his death.
Rouhani on the other hand said that all members of the Supreme Council of National Security endorsed Former Foreign Minister Javad Zarif's way out of the diplomatic impasse over Iran's nuclear deal with big powers, but Jalili obstructed the plan and the negotiations failed.
The two videos could have not surfaced in a worse time. Many social media figures believe that they ruined Jalili's chances and brought Ghalibaf to a position to be one of the main two contestants in the upcoming election.
Current estimates of a low turnout might prove wrong. As Qom Seminarian Mohammad Taqi Akbarzadeh has noted, if officials misinterpret the people's votes as wholehearted support for government policies and fail to implement necessary changes, the public is likely to express their opposition through street protests and rebellion.
