Iran Conflict and Oil Issues Set to Dominate BRICS Summit in India

The BRICS summit is expected to focus on the Middle East conflict and the resulting fuel crisis, with Iranian and Russian foreign ministers as key participants. India’s economy is facing uncertainty due to its reliance on Middle Eastern energy supplies and fertilizer imports related to the conflict. Volatility in oil and gas markets, driven by disruptions in the Strait of Hormuz, is putting pressure on energy-importing economies.