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As Oil Prices Rise, BRICS Leaders Have What U.S. Doesn’t: Iran at the Table
Confirmed
In Short: Leaders from the BRICS nations, including Iran, Russia, and China, are meeting in New Delhi to discuss trade and global conflicts, as Iran seeks to secure economic support amid rising oil prices.
Leaders from the BRICS nations, including Iran, Russia, and China, are meeting in New Delhi for the 18th BRICS summit, focusing on trade, investment, and global conflicts.
The meeting comes as many of Iran's largest remaining economic partners, including China, India, Russia, and the UAE, will be represented in New Delhi, giving Tehran a rare opportunity to engage several key trading partners collectively.
Rising oil prices are providing some support to the Iranian economy, but the U.S. continues to exert economic pressure through sanctions, making the BRICS summit a critical platform for Iran to seek economic lifelines.
For India, the summit highlights its effort to maintain strategic ties with Russia and Iran while deepening relations with the U.S.
The BRICS alliance, established in 2006 by Brazil, Russia, India, and China, has since expanded to include nations such as Iran, Egypt, Ethiopia, Saudi Arabia, and the United Arab Emirates.
What's confirmed
- Leaders from the BRICS nations, including Iran, Russia, and China, are meeting in New Delhi for the 18th BRICS summit, focusing on trade, investment, and global conflicts.
- The meeting comes as many of Iran's largest remaining economic partners, including China, India, Russia, and the UAE, will be represented in New Delhi, giving Tehran a rare opportunity to engage several key trading partners collectively.
- Rising oil prices are providing some support to the Iranian economy, but the U.S. continues to exert economic pressure through sanctions, making the BRICS summit a critical platform for Iran to seek economic lifelines.
- For India, the summit highlights its effort to maintain strategic ties with Russia and Iran while deepening relations with the U.S.
- The BRICS alliance, established in 2006 by Brazil, Russia, India, and China, has since expanded to include nations such as Iran, Egypt, Ethiopia, Saudi Arabia, and the United Arab Emirates.
What's still developing
- The two leaders are meeting less than two weeks after reaffirming their "longstanding" strategic partnership.
- In its latest attempt at securing a critical economic lifeline, Iran is seeking membership in the BRICS New Development Bank.
- Treasury Secretary Scott Bessent discusses the August jobs report, construction and manufacturing, Operation Economic Outcast, China and more on 'My View with Lara Trump.' All eyes will be on New Delhi this weekend, as the presidents of Iran, Russia and China gather in India for the 18th BRICS summit.
- It follows the Shanghai Cooperation Organization (SCO) summit earlier this month, where several of the same leaders met.
- At the forefront are Iran-India relations, with Iranian President Masoud Pezeshkian and Prime Minister Narendra Modi likely to highlight trade, connectivity, energy cooperation and regional developments.
- Indian Prime Minister Narendra Modi is hosting Russian President Vladimir Putin, Chinese President Xi Jinping, Iranian President Masoud Pezeshkian and counterparts from the other eight BRICS members.
- India has maintained close ties with both Moscow and Tehran despite the war in Ukraine and tensions between Iran and the U.S., while calling for dialogue and diplomacy to resolve conflicts.
- The leaders are expected to discuss economic cooperation, energy, food security, technology, supply chains and reforms to global institutions.