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Iran to Join BRICS New Development Bank Amid Regional Tensions

evening · · thread: US and Iran Pause Military Strikes Amid Continued Drone Attacks on Saudi Oil Sites

3 sources across 3 countries · Indonesia · Japan · Qatar · 1 of them is linked to a state

Who reported this

  • The Jakarta Post Indonesia · Centre-left · PT Bina Media Tenggara
  • The Japan Times Japan · Centre · News2u Holdings
  • Al Jazeera Qatar · Centre-left · State-affiliated · Qatari government funded

What the colours mean

  • Left
  • Centre-left
  • Centre
  • Centre-right
  • Right
  • A hatched block means the outlet is affiliated with, or controlled by, a state.

Political lean describes where an outlet sits within the politics of its own country. It is never a position on a single global scale.

Political lean is comparable inside one country and not across them, which is why the bar groups by country first. Publicly funded broadcasters are not marked as state-linked.

The owner of each outlet is listed as a matter of record, not as a judgement about the outlet.

Iran will soon join the New Development Bank, the development lender established by the BRICS group of nations. Central bank governor Abdolnaser Hemmati announced the move ahead of a BRICS finance meeting in India, noting that the country seeks alternative financial channels outside the US dollar system. Iran joined BRICS in 2024 as part of an expansion to deepen economic ties among emerging economies. The New Development Bank was founded in 2015 by Brazil, Russia, India, China, and South Africa to finance sustainable development and infrastructure projects.

These economic developments occur as Iran remains under sweeping international and US sanctions. While some reports highlight the ongoing conflict between Iran, the US, and Israel, perspectives on the regime's motivations vary. A center-left analysis suggests that Iran's anti-imperialist rhetoric is a tool for regime survival and that the state may eventually reach a settlement with its enemies if it serves the interest of the governing system. Meanwhile, a center-leaning report notes that the absence of Supreme Leader Mojtaba Khamenei from public life has created a vacuum leading to disputes between political factions regarding war aims.

How each side framed it

Centre-left
Framed Iran's actions as strategic calculations for regime survival and economic diversification.
Centre
Framed the internal situation as one of political instability and factional squabbling.

Sources

89% of the statements in this article were traced back to the source articles listed above.