BRICS Iran Proposes Ambitious De-Dollarization Campaign: A New Era for Global Trade?

Iran, a new member of the BRICS alliance, is spearheading an ambitious de-dollarization campaign, aiming to reshape global economic power dynamics. This initiative, promoted strongly since joining the BRICS group, seeks to lessen the dominance of the US dollar in international trade and finance. The proposal, initially unveiled on 16 de jul. de 2025, has the potential to significantly alter bilateral oil and gas trade deals.

The Core of Iran's BRICS De-Dollarization Strategy

At the heart of Iran's strategy is a push to move away from the dollar in transactions within the BRICS nations and beyond. President Masoud Pezeshkian of Iran articulated this vision on 23 de oct. de 2025, emphasizing the urgent need to strengthen efforts in reducing the dollar's influence. This drive, as highlighted on 27 de dic. de 2025, involves Iran, along with other BRICS members, actively working towards de-dollarizing trade, economic, and financial transactions within the group of major emerging economies.

Countering US Influence and Alleviating Economic Pressures

As stated on 14 de jul. de 2025, Iran's campaign is intended to counter US influence over global markets and alleviate pressures stemming from dollar dominance. This is particularly important for countries facing sanctions or seeking greater economic independence.

Implications for Oil and Gas Trade

The potential impact on oil and gas trade is significant. If successful, this initiative could pave the way for trade agreements denominated in other currencies or based on alternative mechanisms, potentially reshaping the global energy landscape. The ambitious de-dollarization campaign proposed by Iran within the BRICS framework has far-reaching consequences for the future of international finance and trade relations.