The story: The victory of hardline cleric Ebrahim Raisi in the June 18 Iranian presidential race has prompted vastly disparate reactions from conservatives and Reformists. Hardliners have celebrated the election result as proof of the establishment’s popularity. Some Reformists, meanwhile, see it as the death knell to their movement.

The domestic reactions: Conservatives are framing Raisi’s victory as the end of the Reformist era...