Gotrade News - Iran has exerted pressure on India twice over the last ten days, urging BRICS to take a stand in the Iran-US-Israel conflict. A phone call between the two nations on March 21 highlighted the global energy risk in the Strait of Hormuz, which Iran has blockaded. This adds to the burden on BRICS' credibility, particularly with India at the helm, to take concrete action.
Key Takeaways:
- BRICS is expected to play a role in the Iran-US-Israel conflict.
- Global energy risk escalates with tensions in the Strait of Hormuz.
- India faces a tough choice between Iran and the US.
Iran's demand for BRICS' role in this conflict includes a proposal for a West Asian security framework, which, according to Pezeshkian, would enhance BRICS' credibility on the international stage. With two of its members, Russia and India, at odds with the US, India asserts a neutral stance by calling for the reopening of shipping routes and condemning infrastructure attacks without mentioning the US or Israel.
With Brent crude prices now at $112.19 per barrel, the highest since the Iran-BRICS conflict began on February 28, India, which imports 18% of its oil through the Gulf, faces a dilemma. Its relations with Iran are important, yet ties with the United States are equally essential.
This uncertainty makes BRICS's credibility a crucial factor in global economic stability, especially concerning threatened energy supplies. As Israeli attacks intensify, BRICS's ability to facilitate a peaceful solution could be reinforced or weakened under the mounting pressure of the smoldering Iran-BRICS conflict.
Reference:
- Watcher Guru, BRICS Credibility Tested: India Pressured by Iran to Act on Conflict. Accessed on March 23, 2026
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