Morici forecast the emergence of a "loose alliance among the anti-Western states of Iran, Russia and China."
"I see Iran emerging as a third partner in a new axis," he told CNBC.
"I expect responses to be muted because the Europeans are concerned about upsetting the Chinese—we saw this with the Asian Infrastructure Investment Bank (AIIB).
"This will create pressure on the Americans, giving the Chinese silent glee. One of their basic pillars is to weaken American power, to reduce the grip of American hegemony."
Read MoreThis China gambit has US on edge
Signs of Tehran's strong relationship with Beijing came late on Tuesday, when Xinhua, the Chinese state news agency, reported that Iran had been accepted as a founding member of the China-led AIIB. The bank is viewed as a potential rival to U.S.-dominated supranational bodies like World Bank and the U.S. has express misgivings, officially because of concerns about governance and environmental and societal safeguards.
Despite this, several European countries have signed up, including the U.K, Germany, France and Italy, Luxembourg and Switzerland.
Read MoreJapan and China to discuss AIIB in June
"Over half of Iran's current crude oil and condensate exports are to China and most of Iran's commodity chemicals and materials companies already have marketing offices in China. So there is already a substantial trading relationship, within the restrictions of the current sanctions regime," Hasnain Malik, frontier markets equity strategist at Exotix Partners in Dubai, told CNBC.
"This trip is likely, in part, an attempt to build on that and perhaps pave the way for payment in hard currency should the P5+1 framework agreement transition into lasting relief from those sanctions."