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BRICS Delhi Meeting Falters, Iran’s Condemnation Demand Rejected

5/16/2026

24 3 Full Breakdown

Summary

Story summary

The BRICS foreign ministers’ meeting in New Delhi, chaired by Indian Foreign Minister Subrahmanyam Jaishankar, concluded without a joint communique.
Iran urged BRICS to condemn the United States and Israel, a demand the United Arab Emirates rejected.
Russian Foreign Minister Sergey Lavrov highlighted safe traffic through the Strait of Hormuz.
India asked citizens to curb gold purchases and conserve fuel as oil prices rose.

History

Historical Context

During the 1973 OPEC oil embargo, Saudi Arabia and allies cut Middle-East exports by 60-70% and drove the price of a barrel from $3 to $12, reshaping global alliances. The memory of that shock informs today’s BRICS foreign ministers meeting in New Delhi, chaired by Indian minister Subrahmanyam Jaishankar, where Iran pushes for U.S. condemnation and the UAE opposes.

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Story summary

The BRICS foreign ministers’ meeting in New Delhi, chaired by Indian Foreign Minister Subrahmanyam Jaishankar, concluded without a joint communique.
Iran urged BRICS to condemn the United States and Israel, a demand the United Arab Emirates rejected.
Russian Foreign Minister Sergey Lavrov highlighted safe traffic through the Strait of Hormuz.
India asked citizens to curb gold purchases and conserve fuel as oil prices rose.

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