{"id":113285,"date":"2026-05-14T09:44:16","date_gmt":"2026-05-14T09:44:16","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/113285\/"},"modified":"2026-05-14T09:44:16","modified_gmt":"2026-05-14T09:44:16","slug":"iran-war-and-oil-dominate-brics-meet-in-india","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/113285\/","title":{"rendered":"Iran war and oil dominate BRICS meet in India"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/iran\/wp-content\/uploads\/2026\/05\/6c9df775b80b0b72757fe3166fdbca18.jpeg\" alt=\"India's Foreign Minister Subrahmanyam Jaishankar (R) speaks to Iranian counterpart Abbas Araghchi at the opening of the BRICS Foreign Ministers\u2019 Meeting in New Delhi (Arun SANKAR)\" loading=\"eager\" height=\"512\" width=\"768\" class=\"yf-lglytj  loaded\"\/> India&#8217;s Foreign Minister Subrahmanyam Jaishankar (R) speaks to Iranian counterpart Abbas Araghchi at the opening of the BRICS Foreign Ministers\u2019 Meeting in New Delhi (Arun SANKAR)  \u00b7 Arun SANKAR\/AFP\/AFP    <\/p>\n<p class=\"yf-1fy9kyt\">BRICS nations, including Iran and Russia, met in New Delhi on Thursday, where India warned of &#8220;considerable flux&#8221; in a world hit by conflict, economic uncertainty and energy insecurity.<\/p>\n<p class=\"yf-1fy9kyt\">War in Iran and the related fuel crisis are dominating discussions in the two-day gathering.<\/p>\n<p class=\"yf-1fy9kyt\">India was hosting the foreign ministers from the expanded bloc that now includes Iran, Saudi Arabia and the United Arab Emirates &#8212; countries at odds over the conflict launched by the United States and Israel on February 28.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;We meet at a time of considerable flux in international relations,&#8221; India&#8217;s Foreign Minister Subrahmanyam Jaishankar said, in his opening speech, before closed meetings began.<\/p>\n<p class=\"yf-1fy9kyt\">Among the foreign ministers attending were Iran&#8217;s Abbas Araghchi and Russia&#8217;s Sergei Lavrov.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;Ongoing conflicts, economic uncertainties, and challenges in trade, technology, and climate are shaping the global landscape,&#8221; Jaishankar added, saying many countries &#8220;continue to face challenges on energy, food, fertiliser and health security&#8221;.<\/p>\n<p class=\"yf-1fy9kyt\">Disruptions around Gulf shipping routes and the Strait of Hormuz continue to drive volatility in oil and gas markets, increasing pressure on energy-importing economies, including India.<\/p>\n<p class=\"yf-1fy9kyt\">India&#8217;s foreign ministry also condemned an attack on an Indian-flagged ship off Oman on Wednesday as &#8220;unacceptable&#8221; &#8212; with all sailors rescued safely by Muscat.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;We deplore the fact that commercial shipping and civilian mariners continue to be targeted,&#8221; the foreign ministry said, without giving further details of who launched the attack.<\/p>\n<p class=\"yf-1fy9kyt\">Araghchi, speaking in New Delhi, insisted that the Strait of Hormuz &#8220;is open for all&#8221; commercial vessels who &#8220;cooperate&#8221; with its navy.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;There is no such thing as a military solution to anything related to Iran,&#8221; Araghchi said. &#8220;We Iranians never bow to any pressure or threat, but we reciprocate the language of respect.&#8221;<\/p>\n<p class=\"yf-1fy9kyt\">&#8211; &#8216;Volatile global environment&#8217; &#8211;<\/p>\n<p class=\"yf-1fy9kyt\">The conflict involving Iran has added strain to India&#8217;s economy, heavily reliant on Middle Eastern energy supplies and fertiliser imports, and has cast uncertainty over New Delhi&#8217;s growth outlook.<\/p>\n<p class=\"yf-1fy9kyt\">India, the world&#8217;s third-largest oil buyer, normally sources about half of its crude through the Strait of Hormuz, a vital waterway that has been repeatedly blocked since war began.<\/p>\n<p class=\"yf-1fy9kyt\">Ship\u2011tracking and import data show that India has partially plugged the gap by turning to old allies, expanding promising ties and reviving suppliers it had not tapped in years.<\/p>\n<p class=\"yf-1fy9kyt\">The biggest backstop has been Russian crude &#8212; a fuel source New Delhi spent much of the past year trying to pivot away from under stiff US tariffs.<\/p>\n<p class=\"yf-1fy9kyt\">Jaishankar met with Lavrov on Wednesday evening.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;Our political cooperation is even more valuable in an uncertain and volatile global environment,&#8221; Jaishankar said in remarks at the meeting, adding that discussions included &#8220;trade and investment, energy and connectivity&#8221;.<\/p>\n<p class=\"yf-1fy9kyt\">BRICS was created in 2009 as a forum for major emerging economies seeking greater influence in institutions dominated by Western powers.<\/p>\n<p class=\"yf-1fy9kyt\">The grouping, originally comprising Brazil, Russia, India, China and South Africa,\u00a0has since expanded, as members sought to boost the bloc&#8217;s global political and economic influence.<\/p>\n<p class=\"yf-1fy9kyt\">It now includes Egypt, Ethiopia, Iran, Saudi Arabia, Indonesia and the United Arab Emirates.<\/p>\n<p class=\"yf-1fy9kyt\">China&#8217;s Foreign Minister Wang Yi was not attending &#8212; with US President Donald Trump in Beijing on Thursday.<\/p>\n<p class=\"yf-1fy9kyt\">India will hold a leaders&#8217; summit later this year, and the foreign ministers will also meet with Prime Minister Narendra Modi, the foreign ministry said.<\/p>\n<p class=\"yf-1fy9kyt\">With deep divisions among some members, including over the Middle East war and criticism of Western powers, it was not clear whether a joint statement would be released at the meeting&#8217;s end.<\/p>\n<p class=\"yf-1fy9kyt\">burs-pjm\/jm<\/p>\n","protected":false},"excerpt":{"rendered":"India&#8217;s Foreign Minister Subrahmanyam Jaishankar (R) speaks to Iranian counterpart Abbas Araghchi at the opening of the BRICS&hellip;\n","protected":false},"author":2,"featured_media":113286,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[211,378,18257,12940,138,34,3634,31002,101,10862],"class_list":{"0":"post-113285","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iran","8":"tag-abbas-araghchi","9":"tag-brics","10":"tag-economic-uncertainty","11":"tag-foreign-minister","12":"tag-india","13":"tag-iran","14":"tag-new-delhi","15":"tag-sergei-lavrov","16":"tag-strait-of-hormuz","17":"tag-subrahmanyam-jaishankar"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116572288632375150","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/113285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=113285"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/113285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/113286"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=113285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=113285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=113285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}