The Iran conflict is expected to dominate the BRICS foreign ministers meeting beginning Thursday in New Delhi. The gathering will test the bloc’s ability to reach consensus on the escalating Gulf crisis. Divisions among member states could complicate efforts to issue a joint statement on regional tensions. Iran urged India, the current BRICS chair, to […]
global energy prices
Oil prices fall after Hormuz reopening
Global oil prices fell sharply after Iran announced the reopening of the Strait of Hormuz for commercial shipping during the ceasefire period. The development is significant as the strait is a key route for global energy supplies. The news triggered immediate reactions in international energy markets. Brent crude prices dropped by more than 11 percent […]