Drought is one of the natural disasters with the widest global impact. The anomalous drought and heatwave event that occurred in the Yangtze River Basin in summer of 2022 is not only of high intensity but also of long duration, it is a rare and significant drought event leading to very serious socioeconomic impacts in China. In view of the extreme nature of this event, this paper reveals the possible influence of atmospheric circulation and external forcing anomalies on this drought event based on an objective analysis of the evolutionary characteristics of this event. It is found that the meteorological drought index and soil moisture monitoring results consistently indicate that this drought event started to appear in June, developed rapidly in July, and further expanded and intensified in both extent and intensity in August. At the same time, the overall temperature in the basin was high, with the number of high temperature days exceeding 40 days in some areas. In addition, anomaly of evapotranspiration over the basin in summer was the second highest on record since 1960, second only to the high temperature drought event in 2013, which further exacerbated the degree of water deficit in the Yangtze River Basin. From the perspective of circulation characteristics, the abnormal intensifying and westward extension of the western Pacific subtropical high pressure, the small area and weak strength of the polar vortex and the intensifying and eastward shift of the South Asian high pressure in summer jointly led to weak water vapor transport conditions and prevailing sinking air currents in the Yangtze River Basin, making the overall conditions unfavorable for the occurrence of precipitation. The persistence of the La Niña event, the appearance of negative Indian Ocean Dipole (IOD) and the persistence of the negative snow cover anomaly in the northwestern Tibet Plateau in spring may be the main external forcing factors leading to the circulation anomaly in this summer.