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Iran President Pezeshkian warns of critical economic crisis at BRICS Summit
At the 18th BRICS Summit in New Delhi, Iranian President Masoud Pezeshkian addressed the critical economic state of Iran, describing it as a “critical and dangerous phase” driven by US financial sanctions and military aggression. He highlighted that inflation reached 87.9% in July, with food and beverage costs rising by 128%. Pezeshkian called for BRICS to establish an economic space that prevents the monopolization of financial and technological tools by single nations to disrupt legitimate trade.
To mitigate the impact of US sanctions and the ‘Economic Pariah’ operation, the Iranian central bank is reportedly encouraging the use of cryptocurrencies, such as Bitcoin and Tether, to facilitate cross-border transactions. Additionally, the US Treasury has designated Turkey's Golden Global Bank and Egypt's Misr bank for their involvement in transactions related to Iran.
On the security front, Pezeshkian challenged the United States to engage directly with Iran's military forces rather than targeting civilian infrastructure, food supplies, and water access. He asserted that Iran will not surrender to external pressure. Meanwhile, Indian Prime Minister Narendra Modi urged BRICS leaders to recognize the risks of weaponizing technology and critical minerals, emphasizing the need for global resilience against interconnected crises.
Entities
BRICS · Donald Trump · India · Iran · Israel · Masoud Pezeshkian · Narendra Modi · Strait of Hormuz · United States · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Donald Trump stated he does not regret the decision to start military operations against Iran. www.parapolitika.gr
- [● 14 SOURCES] Iranian President Masoud Pezeshkian stated that US pressures on Iran have reached a critical and dangerous stage. www.insider.gr · www.zougla.gr · dominicanaaldia.com · www.info.sk · myportal.gr · +7 more
- [● 13 SOURCES] In retaliation, Iran closed the Strait of Hormuz. www.insider.gr · www.zougla.gr · dominicanaaldia.com · www.info.sk · myportal.gr · +7 more
- [● 12 SOURCES] Iran received military attacks from the US and Israel on February 28. www.insider.gr · www.zougla.gr · www.info.sk · myportal.gr · www.news.gr · +6 more
- [● 14 SOURCES] Pezeshkian attributed the escalation of pressure to military aggression by the US and Israel against Iran. www.insider.gr · www.zougla.gr · dominicanaaldia.com · www.info.sk · myportal.gr · +6 more
- [● 5 SOURCES] Pezeshkian expressed opposition to the continuation of war in the Middle East. www.parapolitika.gr · s.alwakeelnews.com · ereport.sk · arynews.tv
- [● 8 SOURCES] The closure of the Strait of Hormuz has lasted six months since the start of hostilities. www.insider.gr · www.zougla.gr · myportal.gr · www.news.gr · www.sofokleousin.gr · +2 more
- [● 2 SOURCES] US actions have caused Iran's imports and exports to decrease by 35%. dominicanaaldia.com · opiniondelpueblo.com
- [● 5 SOURCES] Pezeshkian called on BRICS nations to create a space that prevents the monopolization of financial instruments or technology to disrupt trade. dominicanaaldia.com · www.telesurtv.net · opiniondelpueblo.com · www.marquesina.mx
- [● 3 SOURCES] Pezeshkian claimed that 168 schoolchildren were killed in a single US-Israeli strike in Minab. news.az · hondurasalinstante.com
- [○ 1 SOURCE] BRICS members share a commitment to strengthening national currencies and conducting trade through them.
- [○ 1 SOURCE] True multilateralism requires the UN Charter to protect nations against the unlawful use of force.