On Tuesday, Iranian President Masoud Pezeshkian branded U.S. actions that cause dangerous surges in hydrocarbon prices on the world market as “economic terrorism.”
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“Economic terrorism, in the form of the U.S. naval and air blockade against Iran, in addition to Washington’s pressure on other countries to comply with this blockade, are illegal actions that seriously destabilize energy markets,” he said during his address at the summit of the Gas Exporting Countries Forum (GECF), the so-called “gas OPEC.”
Pezeshkian also pointed out that U.S. military interventions in the Persian Gulf region not only affect regional actors but also disrupt the process of energy pricing, supply and transportation, which threatens global economic growth.
The Iranian leader then invited international investors to do business with the Persian nation. “Foreign investors can, without running any risk, take advantage of incentives and benefits that we offer in the oil, gas and petrochemical sectors,” he stressed.
🇶🇦🇷🇺🇮🇷 Qatar’s Emir Tamim joins Vladimir Putin and Iranian President Masoud Pezeshkian at the eighth Gas Exporting Countries Forum summit in Moscow. Ahead of the group photo, Tamim held separate talks with Pezeshkian: Qatar’s published account lists Hormuz, energy supplies and… pic.twitter.com/g1ipI3Z0Ux
— Gölge Veri (@golgeveri) October 27, 2026
Pezeshkian highlighted that, despite the sanctions imposed on Tehran, Iran was able to increase its natural gas production capacity to 300 billion cubic meters per day.
Commenting on the Iranian leader’s speech, Russian President Vladimir Putin agreed that “illegal sanctions” only have harmful consequences.
“You drew attention to the illegal sanctions that some countries impose in the energy sector. I completely agree that they only have harmful consequences for all market actors, both producers and gas exporters,” he said.
teleSUR/ JF
Source: EFE
Iran’s President, Masoud Pezeshkian, will travel to Russia to participate next Tuesday in the Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF), which will be held in Moscow, where he will also meet with his Russian counterpart, Vladimir Putin.
Russia Ready to Help Iran Resolve Regional Conflict: Putin: Iran’s Pezeshkian Will Travel to Russia To Attend the Gas Exporting Countries Forum“The President of Iran, during his trip to Russia, in addition to participating in the Summit of Heads of State of the Gas Exporting Countries Forum, will meet with his Russian counterpart,” stated this Saturday the Iranian ambassador to Russia, Kazem Yalali, to the Tasnim agency.
According to the diplomat, both presidents will exchange views on geopolitical, international, and political issues. Also, according to Yalali, they will address economic and trade cooperation, energy security, food security, and the development of trade relations.
🇮🇷🇷🇺 Iran’s Pezeshkian to meet Putin in Moscow to discuss economic and trade cooperation, envoy says. pic.twitter.com/T94coAfgX6
— KOSO🇳🇬 (@KosoNwa1) October 24, 2026
“Never in our history have Iran and Russia worked as closely as they do now,” said last Tuesday the Iranian Foreign Minister, Abbas Araqchi, a day after the visit of his Russian counterpart, Sergey Lavrov, to Tehran.
During that visit, both ministers addressed, among other issues, the situation in the Middle East and advocated for diplomacy as a way out of the war that began last February 28 between Iran and the United States and Israel.
The last bilateral meeting between Pezeshkian and Putin took place last October 8 in the city of Avaza, in western Turkmenistan, within the framework of the summit of leaders of the post-Soviet Commonwealth of Independent States (CIS).
Iran and Russia have strengthened their relations in recent years, especially after the start of the war in Ukraine, and in 2025 they signed a strategic partnership agreement.
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