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Iran taps financial lifeline, Russian arms as Trump escalates 'crushing' economic warfare

Fox News ·
Iran taps financial lifeline, Russian arms as Trump escalates 'crushing' economic warfare

Tehran is deepening its financial and military ties with Beijing and Moscow, forging a critical lifeline as it seeks to circumvent U.S. sanctions and weather Washington’s renewed "maximum pressure" campaign, regional security analysts warned Wednesday.

As the U.S. continues to ramp up Operation Economic Fury, Iran, they say, has turned to non-Western blocs and alliances to unite further with Russia and China while positioning itself as a "linchpin" in a network that directly challenges American influence.

The warning came as President Donald Trump announced Wednesday what he called the "most crushing economic operation ever taken against any country," threatening sweeping consequences for nations and businesses that provide Iran with an economic lifeline as he seeks to further isolate Tehran.

"This will be Economic Warfare and Isolation on an unprecedented scale," Trump said in a post shared on Truth Social.

IRAN DEAL CLOCK HITS ZERO AS TRUMP DEMANDS ‘WHITE FLAG’ WITH NEW PRESSURE CAMPAIGN LOOMING "The Islamic Republic is looking to survive, but in order to survive, it needs to adapt," Behnam Ben Taleblu , senior director of the Iran Program at the Foundation for Defense of Democracies (FDD), told Fox News Digital.

"It needs to adapt not just to U.S. and Israeli military pressure, but this U.S. political and economic pressure.

"There's no doubt the Islamic Republic is looking to maximize its enmeshment with countries like Russia and China that have been subject to U.S. political and economic pressure in the past." BRICS, an economic bloc consisting of Brazil, Russia, India, China, South Africa and several recent expansion nations, and the Shanghai Cooperation Organization (SCO), a Eurasian political, economic and security alliance led by Beijing and Moscow, have become key vehicles for Iran’s outreach of late.

Trump has previously labeled BRICS policies "anti-American," CNBC reported.

CHINA ORDERS FIRMS TO IGNORE US IRAN SANCTIONS, DARING US TO ENFORCE CRACKDOWN Abdolnaser Hemmati, governor of the Central Bank of Iran, said Tehran will soon join the BRICS-backed New Development Bank, though the bank told Reuters it could not confirm Iran’s membership.

"The most important result of cooperation among BRICS member countries is the establishment of the New Development Bank, and our country will soon become a member of this bank," Hemmati said, according to state media.

"You can see Iran trying to benefit from its role in BRICS, as well as a constellation of other organizations, that really would allow itself to be shielded — or try to make itself more shielded — from U.S. political and economic pressure," Taleblu explained.

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