Iran agreed secret shoulder-fired missile deal with Russia
Financial Times
February 22, 2026
AI-Generated Deep Dive Summary
Iran has reached a secret agreement with Russia to acquire advanced shoulder-fired missile systems, marking a significant development in their military cooperation. According to leaked information, Tehran secured a €500 million contract for the Russian "Verba" man-portable air defense system, designed to bolster Iran's air defenses following years of sanctions and domestic challenges. This deal underscores the growing strategic partnership between the two nations amid shifting geopolitical dynamics.
The Verba missile system, known for its advanced capabilities in targeting drones and precision airstrikes, is a critical component of Russia's arms export portfolio. By procuring this technology, Iran aims to modernize its defense infrastructure, particularly after suffering losses during conflicts such as the Syrian Civil War and tensions with Israel. The deal also reflects Russia's efforts to strengthen ties with Iran, despite international scrutiny over their military cooperation.
From a business perspective, the agreement highlights the lucrative arms trade between Russia and Iran. For Russia, selling advanced missile systems not only boosts its defense industry but also reinforces economic and strategic alliances in a region increasingly dominated by U.S.-led tensions. Meanwhile, for Iran, this deal signals a strategic shift to rebuild its air defenses, potentially altering the balance of power in the Middle East.
The acquisition of the Verba system is likely to spark concerns among Western nations, particularly over its implications for regional stability and arms control efforts. The move also raises questions about how global markets and international relations will evolve as Russia and Iran continue to deepen their military and economic collaboration.
Ultimately, this deal underscores the complex interplay between geopolitics and business in modern warfare. As both nations navigate a volatile landscape, such agreements are poised to shape not only their defense strategies but also broader economic and political dynamics on a global scale.
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Originally published on Financial Times on 2/22/2026