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strikeSep 13, 2026

BRICS Summit: Iran President Slams West Over Sanctions' Impact On Food Security, Global Welfare

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- Iranian President Masoud Pezeshkian urged BRICS to reduce reliance on global financial systems - He called for expanding trade using national currencies and strengthening the New Development Bank - Pezeshkian criticized unilateral sanctions for harming global food security and welfare Iranian President Masoud Pezeshkian has called on BRICS nations to reduce their dependence on existing global financial and trade systems and expand transactions in national currencies. Speaking at the concluding session of the two-day BRICS Summit in New Delhi on Sunday, Pezeshkian said excessive reliance on limited financial and trade mechanisms had left emerging economies exposed to political and economic shocks. Masoud urged BRICS to strengthen the New Development Bank and use national currencies more extensively for trade. These measures could improve the economic resilience of member countries and support a more balanced global economic system. The Iranian president also criticised unilateral sanctions, saying such measures affect global food security and people's welfare. His comments came weeks after the United States imposed fresh economic sanctions on Iran. Pezeshkian said BRICS had grown beyond a platform for emerging economies and could now contribute to creating a more inclusive international order. He argued that no single centre of power should have the authority to determine the future of other nations. Also Read | BRICS Summit: Five Strategic Initiatives Proposed By China's Xi Jinping During Day 2 Session Security also featured prominently in his address. Pezeshkian referred to what he described as US and Israeli military aggression against Iran and warned that attacks on economic, energy, and development infrastructure could create wider regional and global consequences. He said civilians had paid a heavy price and called on the international community to protect civilian populations and prevent attacks on civilian infrastructure from becoming normalised. Pezeshkian also urged BRICS to take a stronger position on conflicts in Gaza and Lebanon. He called for greater protection of national sovereignty, territorial integrity, and the principle against using force. On trade and connectivity, the Iranian leader highlighted his country's energy, geographic, and transit capabilities. He said Iran could contribute to developing trade and energy corridors connecting BRICS economies. He also placed artificial intelligence and emerging technologies on the group's agenda. Pezeshkian said technological progress should empower nations rather than become a tool for domination. Also Read | BRICS Summit | Chinese President Xi Jinping Departs From Delhi After Day 2 Remarks Thanking India, Prime Minister Narendra Modi, and the Indian people for hosting the summit, Pezeshkian said the BRICS theme of “Resilience, Cooperation and Sustainability” reflected the challenges facing an increasingly interconnected world. He said BRICS should now convert these principles into practical cooperation and work towards an economic and political framework that offers greater resilience, fairness and security to developing nations. (With PTI inputs) Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

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    - Iranian President Masoud Pezeshkian urged BRICS to reduce reliance on global financial systems - He called for expanding trade using national currencies and strengthening the New Development Bank - Pezeshkian criticized unilateral sanctions for harming global food security and

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What is really happening behind the scenes in Tehran? How close is the collapse of the ayatollah regime, what is going through Mojtaba Khamenei’s mind, and why is Israel’s defense establishment on maximum alert? Throughout January and February, intelligence agencies closely monitored the Iranian regime’s harsh campaign of retaliation against protesters across the country.

Reports collected by officials in Washington and Jerusalem documented arrests, severe torture, and a widespread pattern of citizens disappearing without a trace. Initially, Israeli and the United States had no plan to launch another operation after Operation Rising Lion.

However, as reports emerged of mass killings carried out indiscriminately against men, women, children, and the elderly, Israel’s defense establishment delivered a firm message in closed forums: “The moment for another operation will come; it is inevitable.

” The motivation was not only the growing threat posed by Iran’s nuclear program and former supreme leader Ali Khamenei’s decision to produce thousands of ballistic missiles. Israeli officials also cited a moral obligation not to stand aside in the face of mass killings.

At the same time, they identified a strategic opportunity to advance a process that could ultimately lead to the collapse of the regime. The White House meeting and the three pillars Prime Minister Benjamin Netanyahu accepted the recommendation of the US administration and traveled to the White House for a critical meeting with US President Donald Trump, accompanied by senior security officials.

The goal was to strengthen cooperation and approve a joint strategic plan. During the closed-door meeting, no explicit commitment was made to overthrow the Iranian regime. One official clarified: “We are going to create the conditions for regime change.

” To advance that goal, the Israeli delegation presented three main pillars: alternative leadership, targeted influence campaigns, and ground operations. The approach was based on the clear understanding that airstrikes alone cannot topple a regime.

Six months after Operation Roaring Lion, Israeli security officials assess that the Iranian regime, despite the aggression it continues to display toward its neighbors, is moving along a path of internal deterioration. The process could take months or even years, but severe economic sanctions and international cooperation could accelerate it significantly.

At present, the regime is struggling to contain unrest in the streets and markets, as well as rising unemployment. Oil exports have been almost completely frozen, and the economic situation continues to worsen. On the military front, Israeli officials assess that intelligence and operational gains have been preserved.

According to security sources, Iran has not resumed uranium enrichment or transferred centrifuges, while most of its infrastructure remains buried deep underground. “They carried out dilutions and various actions, but they did not transfer anything.

Their defense industry has been destroyed,” a senior security official said. The official added that the Pickaxe Mountain facility remains unchanged due to the lack of aerial munitions capable of destroying it. The clock game: Fear in Tehran, pressure in Washington The current situation is being managed under a “clock game,” with the American clock measured by fuel prices and Trump’s patience, and the Iranian clock growing more urgent by the day.

Iranian President Masoud Pezeshkian has already publicly recommended reaching a diplomatic agreement “while we are still standing on our feet,” amid growing tensions within the upper levels of the government. For now, Iran is refusing to consider concessions and believes it can withstand the economic pressure.

However, US statements regarding broad sanctions have placed Tehran under unprecedented pressure. Washington is directing much of that pressure toward the United Arab Emirates and China, which serve as Iran’s main economic lifelines through their purchases of oil on the black market.

The goal is to persuade them to stop helping Tehran circumvent sanctions. Within Israel’s defense establishment, there is growing concern over the possibility of an unexpected Iranian move. The assessment is that Tehran may attempt to escape its economic pressure by attacking Israel in an effort to force limited negotiations and reach new understandings.

The Israeli message conveyed to Tehran has been clear: if Iran attacks, there will be no way back. Israel’s response, officials have indicated, would target critical national infrastructure that a collapsing regime would not be able to rebuild. At the same time, Iranian officials remain concerned about the possibility of another surprise attack, and the heightened tensions continue to trouble senior figures in Tehran.

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A Saudi-backed source told CNN that the rapid loss of Mocha was due to a lack of expected air support, citing a "complete failure of political leadership" in Riyadh and Washington. Another regional source attributed the collapse to external factors rather than Yemeni forces, while unverified reports suggest Houthi forces have captured U.

S.-made armored vehicles.

Location: Yemen
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Vessel struck in Strait of Hormuz, UKMTO says, as prospects for U.S.-Iran diplomacy appear elusive - UKMTO said a vessel was hit by an unknown projectile while transiting the Strait of Hormuz, sparking a fire and prompting a crew evacuation. - Iranian President Masoud Pezeshkian said his country will not surrender.

- Iran and Gulf countries are expected to meet in Oman over a new shipping route. - Shipping through the Strait remains severely disrupted amid repeated attacks and a U.S. naval blockade, keeping oil prices elevated. A vessel was struck in the Strait of Hormuz, the United Kingdom Maritime Trade Operations Centre said Sunday, as direct negotiations between the U.

S. and Iran appeared no nearer to resuming. The British maritime security alert service said in a post on X that it received a report of the attack late on Saturday by an unknown projectile while the vessel was transiting the Strait. A fire broke out onboard, and local authorities were on the scene helping to evacuate crew members, UKMTO said.

Meanwhile, a senior Iranian official dismissed hopes of fresh talks. "No negotiations. Until Iran's terms are met, talks are futile," Ebrahim Azizi, head of the Iranian parliament's national security committee, said in a post on X. But Iran has been reaching out to neighboring countries, despite months of striking them in retaliation for U.

S. attacks. A senior Iranian government official and Gulf diplomat told MS NOW that officials from Iran and Gulf countries would meet in Oman's capital, Muscat, on Monday to sign an agreement establishing an Iran-Oman shipping route through the Strait of Hormuz.

The official added that there are no current negotiations taking place with the U.S. Speaking at the BRICS Summit in New Delhi on Friday, Iranian President Masoud Pezeshkian said his country will not surrender, adding that it has resisted aggression from the U.

S. and Israel. "Iran has successfully stood against Israel and the U.S.," Pezeshkian said. "Since we are seeking truth and justice, we will not yield in front of bullying arrogance," he added. Pezeshkian's comments over the weekend came on the heels of U.

S. President Donald Trump's assertion that Iran would have wiped out Israel and the Middle East, and started hitting U.S. cities, if Washington had not taken military action against Iran. "If I had it to do again, I would do exactly what I did," Trump said on Thursday.

Tit-for-tat attacks There have been numerous tit-for-tat attacks on shipping in the Strait of Hormuz in recent weeks. U.S. Central Command, or CENTCOM, said on Wednesday it destroyed 10 Iranian tankers the preceding week. On Saturday, CENTCOM said that its forces have redirected 100 commercial vessels over the past 60 days since it resumed a naval blockade against Iran.

"ZERO ships have passed through the blockade without U.S. forces allowing," CENTCOM said in a post on X. The war in Iran will likely end soon after November's midterm elections, Trump said Saturday. He also predicted that energy prices would fall sharply once that happens.

"I think very soon, I think it'll be right after the midterms, actually," Trump said on a trip to Ireland when asked by reporters when the Iran war is likely to end. "I would say shortly, and oil will come tumbling down when that happens." Oil prices retreated on Friday, but notched sharp weekly gains after soaring above $100 a barrel for the first time in months over the continuing unrest in the Middle East.

Brent crude oil futures, the global benchmark, settled down 2.8% at $104.61 a barrel. U.S. West Texas Intermediate was down 2.4% to settle at $100.05 per barrel. On Thursday, Brent crude peaked at around $108 a barrel, while WTI hit more than $104. Shipments of oil and other cargoes through the critical Strait of Hormuz separating Iran and Oman have slowed to a trickle since the U.

S. and Israel began their war on Iran on Feb. 28, stranding ships and seafarers for weeks or months at a time. Saudi Arabia has been relying on its East-West crude oil pipeline to bypass the Strait of Hormuz. But the kingdom said Friday that it shut the facility down as a precautionary measure after multiple attacks by drones launched from Iraq.

The drones targeted the pipeline in the Riyadh and Medina regions Thursday morning, causing fires and some damage, the Saudi government said. Several people were injured in the attacks, it said.

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3 min readSep 13, 2026 06:54 PM IST In his address at the concluding session of the two-day BRICS Leaders’ Summit on Sunday, Iranian President Masoud Pezeshkian emphasised how unilateral sanctions were directly impacting global food security and people’s welfare.

BRICS members must expand trade in national currencies and work towards an inclusive global economic framework, as excessive dependence on existing financial and trade systems has made emerging economies vulnerable to political shocks, Pezeshkian said.

The remarks come weeks after the US imposed new economic sanctions on Iran, further squeezing Tehran’s finances in the middle of military conflict between the two sides. The BRICS must play a greater role in building a more balanced, inclusive and just international order, the Iranian President said, stressing that the Summit’s theme — “Resilience, Cooperation and Sustainability” — should be translated into practical action.

In his remarks shared by the Iranian Embassy in New Delhi on Sunday, the Iranian President said that economic resilience could not be sustained without security. “The attacks on Iran’s economic, energy and development infrastructure could have consequences beyond national borders, creating regional and global repercussions,” he said.

Pezeshkian said the Iranian people had paid a heavy price, with civilians killed and infrastructure built over decades damaged, calling for the international community to protect civilians and prevent the “normalisation of attacks on civilian targets”.

Pezeshkian — who left New Delhi on Sunday after a three-day visit along with his daughter Zahra — thanked India, its people and PM Modi for hosting the summit, saying its theme reflected the fundamental global needs at a time when the destinies of nations are increasingly interconnected.

Unilateral sanctions directly affected food security and people’s welfare, he said, pitching for expanding trade in national currencies and strengthening the New Development Bank to enhance the economic resilience of BRICS members. Story continues below this ad On the situation in Gaza and Lebanon, Pezeshkian said the people of the region continued to face the consequences of “crimes and genocide”.

He called upon BRICS nations to play a more effective role in defending national sovereignty, territorial integrity and the prohibition of the use of force. He highlighted Iran’s geopolitical position, its energy and transit capacities, saying these could contribute to the development of trade and energy corridors among BRICS members.

He also flagged the environmental consequences of war, saying damage to energy and industrial infrastructure can affect natural resources beyond economic losses. Calling knowledge and innovation key elements of the BRICS agenda, the Iranian President stressed that Artificial Intelligence and emerging technologies should serve as tools for empowering nations rather than instruments of domination.