At a meeting at COP 31, Lula talks about expanding trade with Iran

In a post on

“We talked about the conflicts in the Middle East, especially the war in Iran. President Pezeshkian spoke about the peace negotiations with the United States, especially the mediation efforts promoted by Qatar and Pakistan. When recalling Brazil’s role in negotiating the Tehran Declaration in 2010, I encouraged the search for a peaceful solution to the conflict, and defended the right to the peaceful and civil use of nuclear energy”, said Lula on X.

The Brazilian president added that he expressed “concern about the impact of the war on global fuel and food prices” and defended “free navigation in the Strait of Hormuz”.

“We also deal with the diversification and expansion of bilateral trade, which totaled US$3 billion in 2025. I highlighted that Brazil is interested in expanding fertilizer imports from Iran,” said Lula.

In a statement, Tasnim, Iran’s semi-official news agency, associated with the Islamic Revolutionary Guard Corps, said that at the meeting Pezeshkian congratulated Lula “on his victory in the recent Brazilian presidential election and wished him success during his new term.”

“The two leaders discussed strategies for developing bilateral ties and expanding economic and trade cooperation, in addition to addressing important issues and developments at regional and international levels,” the agency stated.

Trump said in August that he would implement an “Economic D-Day” against Iran to force the Persian regime to sign an agreement to end the war that began in February, and that any country that “offers any kind of lifeline to Iran will itself face tremendous economic consequences.”

Subsequently, the Republican enacted a law approved in the US Congress that establishes additional American tariffs on products from countries that trade with Russia and Iran, which have not yet been implemented.

This year, Brazil has already been the target of a new 25% tariff that the United States applied to the country’s products in July alleging unfair trade practices and another 12.5% ​​surcharge imposed in the same month, alleging a lack of sufficient measures to curb the import of goods produced with forced labor.