Foreign ministers of BRICS countries have gathered in New Delhi on Thursday for a two-day meeting dominated by concerns over global energy security, as the ongoing conflict in Iran continues to disrupt oil supplies and push up international prices.
The talks bring together top diplomats from Brazil, Russia, India, China and South Africa, along with newly admitted members of the expanded grouping. The meeting comes at a time when the Middle East conflict has created uncertainty in global energy markets, particularly affecting crude oil flows and raising fears of prolonged price volatility.
Energy security has emerged as a central issue, with rising oil prices and supply disruptions linked to tensions in Iran placing additional pressure on developing economies. The situation has also coincided with broader geopolitical discussions, including US-China diplomatic engagements taking place separately in Beijing.
Indian Foreign Minister Subrahmanyam Jaishankar said the global environment is undergoing significant instability, noting that emerging economies are increasingly affected by fluctuations in energy, food and fertiliser prices. He stressed that BRICS should work to strengthen cooperation to help member states manage these economic pressures.
Iranian Foreign Minister Abbas Araghchi and Russian Foreign Minister Sergey Lavrov are attending the meeting in person, while China is represented by its ambassador to India as Foreign Minister Wang Yi remains in Beijing.
Energy markets have been particularly sensitive to developments in the Middle East conflict, with concerns over supply routes and geopolitical risks contributing to higher oil prices and volatility in global trade.
BRICS, originally formed by Brazil, Russia, India and China and later expanded to include South Africa and other emerging economies, has increasingly positioned itself as a platform for addressing global economic challenges, including energy stability.
However, internal differences among member states continue to complicate efforts to present a unified position, particularly as geopolitical tensions intersect with global energy security concerns.
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