India holds BRICS summit amid tensions
India hosted a BRICS summit in New Delhi attended by the leaders of China, Russia, and Iran, amidst global unrest involving conflicts in the Middle East and the war in Ukraine. The summit discussed the repercussions of the war on Iran and its impact on oil and gas prices, as Russia and China continue to counter American dominance through trade exchanges with Iran, despite US sanctions. The summit also featured anticipated talks between Indian Prime Minister Narendra Modi and Presidents Putin and Xi Jinping, aimed at discussing economic and security relations. Additionally, the summit emphasized the importance of economic cooperation and investment platforms, especially under the external pressures facing the BRICS bloc.
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