Foreign ministers of the BRICS group gathered in New Delhi on Thursday for high-level talks dominated by the ongoing conflict involving Iran and its impact on global energy markets, trade stability and economic uncertainty.
Read More: Iran war dominates BRICS Delhi meeting
India, which holds the rotating BRICS chair this year, hosted representatives from the expanded bloc that now includes Iran, Saudi Arabia and the United Arab Emirates—countries that have taken differing positions on the Iran conflict. The meeting comes amid heightened tensions following the war launched by the United States and Israel earlier this year, which has disrupted shipping routes and contributed to volatility in oil and gas supplies.
Prime Minister Narendra Modi met with BRICS Foreign Ministers in Delhi ahead of the BRICS Foreign Ministers’ Meeting being hosted by India on May 14–15, 2026. The meeting focuses on strengthening cooperation among BRICS nations on key global and economic issues. pic.twitter.com/iWIiccfi6Q
— Kamlesh Kumawat 🇮🇳 (@iKamleshKumawat) May 14, 2026
Opening the two-day meeting, Indian Foreign Minister Subrahmanyam Jaishankar warned of “considerable flux” in international relations, saying ongoing conflicts were reshaping global trade, energy security and development priorities. He stressed that emerging economies expected BRICS to play a stabilising role in an increasingly unpredictable world.
Iranian Foreign Minister Abbas Araghchi and Russia’s Sergei Lavrov were among the key participants in discussions focused on energy security, fertiliser shortages, food supply chains and financial access for developing nations.
The crisis has had significant consequences for India, the world’s third-largest oil importer, which relies heavily on crude shipments through the Strait of Hormuz. Disruptions in the region have forced New Delhi to diversify energy sources, including increased imports from Russia.
Officials said BRICS members also discussed trade, investment and connectivity issues in light of global economic pressures. Jaishankar highlighted the importance of political cooperation among member states in navigating what he described as a “volatile global environment.”
Read More: Iran says progress made but final deal remains distant
The expanded BRICS bloc, originally formed in 2009 by Brazil, Russia, India, China and South Africa, now includes several major emerging economies. However, internal divisions over geopolitical conflicts and relations with Western powers have raised uncertainty over whether a joint statement will be issued at the end of the meeting.
Further discussions with Indian Prime Minister Narendra Modi are scheduled as part of the ongoing diplomatic engagement.