BRICS in Turbulent Waters: The Gathering Storm Over Oil and Power The upcoming two day gathering of BRICS foreign ministers in India on May 14 promises to be a critical moment for the grouping.
Tensions over Iran's involvement in the Middle East conflict are straining the fragile balance of power within the bloc, with Iranian Foreign Minister Seyed Abbas Araghchi and Russian Foreign Minister Sergey Lavrov among those attending.
The war has had far reaching effects on global energy markets, as disruptions to Gulf shipping routes and the Strait of Hormuz drive up prices.