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PM Modi Holds Talks with Iranian President Pezeshkian

Pezeshkian said the BRICS New Development Bank can reduce dollar reliance as India and Iran discuss trade, energy and regional stability.

  • On Friday, Prime Minister Narendra Modi held bilateral talks with Iranian President Masoud Pezeshkian in New Delhi, marking their second meeting in less than two weeks following prior discussions in Bishkek.
  • Since the US-Iran conflict began earlier this year, India has maintained consistent communication with Iranian leadership, with Modi repeatedly calling for dialogue and diplomacy to restore peace in West Asia.
  • Criticizing "extensive sanctions" imposed by the West, Pezeshkian argued that economic security cannot be separated from national stability during the BRICS Business Forum, emphasizing Tehran's role in global supply chains.
  • Pezeshkian asserted the BRICS New Development Bank was created to reduce "reliance on the US dollar and counter what he described as Washington's push for global dominance," as BRICS nations explore local-currency trade mechanisms.
  • India will host the 18th BRICS Summit on September 12 and 13, 2026, though the government clarified it is not discussing a common currency or seeking to replace the US dollar with the yuan or rupee.
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Outlook India broke the news in New Delhi, India on Friday, September 11, 2026.
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