The report examines Iran’s growing engagement with BRICS amid intensifying US sanctions and wider geopolitical uncertainty in West Asia. It explores Tehran’s efforts to deepen economic cooperation within the bloc, particularly through local-currency trade, alternative financial mechanisms and potential engagement with the New Development Bank.

It further analyses Iran’s participation in BRICS and the competing positions of key members, particularly India, Russia and China, on sanctions, the West Asian crisis and de-dollarisation. The report also considers the implications of Iran’s engagement for BRICS’ internal cohesion and economic agenda.

The analysis assesses the key challenges facing the bloc ahead of the 18th BRICS Summit, including the question of local-currency trade, Iran’s role within the grouping, US sanctions, and the broader impact of BRICS expansion on its geopolitical and economic trajectory.

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