Iranian President Masoud Pezeshkian Slams US At BRICS Forum Over Supply Chain Disruptions

Iranian President Masoud Pezeshkian delivered a powerful and critical address at the BRICS Business Forum held in Delhi, where he launched a scathing attack on the United States and its allies. Speaking from the prestigious Bharat Mandapam, the Iranian leader highlighted the growing challenges faced by the global community due to geopolitical instability and the weaponization of economic tools. He emphasized that the world is currently navigating through an extremely complex phase where supply chains are being intentionally disrupted to exert political pressure on sovereign nations. According to Pezeshkian, the use of military force to interfere with trade and logistics has become a tool for political dominance, which needs to be addressed urgently by the international community.

Economic Sanctions and Geopolitical Instability

President Pezeshkian pointed out that in this era of geopolitical instability, there is an increasing trend of using economic instruments to create hurdles in supply chains and to build political pressure. He noted that these actions have made the global economic environment Notably more complicated, while the Iranian President raised the issue of American economic sanctions, stating that such measures are being used as weapons to achieve political objectives. He argued that when trade, energy, or financial systems come under political or military pressure, the impact extends far beyond national borders, leading to widespread global instability, while this complexity in the economic atmosphere, he suggested, requires a collective response from emerging economies to safeguard their interests.

BRICS as a Global Power and Iran's Strategic Role

During his speech, Pezeshkian expressed a strong vision for the future of BRICS, stating that the goal is to transform the group into a major global power. He highlighted Iran's unique position, noting that the country's geographical location and its vast energy resources make it a vital link in global connectivity, while iran, he suggested, can serve as a bridge for trade and energy, contributing Importantly to the strength of the BRICS alliance. He called for the BRICS Business Council to evolve beyond mere dialogue and function as an engine for economic cooperation. This, he believe, would facilitate the implementation of projects that deliver tangible results for all member nations.

Proposals for Financial Independence and Security

In a move to strengthen the economic resilience of BRICS nations, President Pezeshkian proposed the creation of a BRICS Joint Reinsurance Company. He emphasized that if the member countries want to improve cooperation and create a conducive environment for investment, they must reshape their financial interactions. One of the key suggestions made by the Iranian President was the establishment of credit lines that allow countries to assist each other using their own national currencies. This shift away from traditional dominant currencies is seen as a way to enhance energy and food security across the bloc. Pezeshkian stated that Iran is fully prepared to play its part in implementing the use of national currencies for trade and financial transactions.

Criticism of US and Israel

The Iranian President didn't hold back in his criticism of the military actions taken by Israel and the United States. He argued that global economic stability can only be achieved when there is a focus on economic diversity and a rejection of military interference in financial systems. Pezeshkian reiterated that whenever trade or energy systems are subjected to military pressure, it creates a ripple effect that destabilizes the entire world. He concluded by calling for a more balanced global order where economic cooperation isn't held hostage by the political or military agendas of a few nations, stressing that the current situation is unsustainable for global growth and peace.