- Iran has urged BRICS to take an “independent role” in mediating the Iran-US-Israel conflict, directly challenging the bloc’s credibility.
- A prolonged conflict threatens global energy security, with Brent crude hitting $112.19 per barrel and the Strait of Hormuz—which handles 20% of global oil and LNG—at risk.
- India‘s balanced diplomacy is strained as it maintains crucial ties with both Iran and the United States while navigating the crisis.
Iranian President Pezeshkian contacted Indian Prime Minister Narendra Modi twice in ten days, urging the BRICS bloc to intervene in the escalating Iran-US-Israel conflict. According to reports, the hour-long call on March 21 focused on Pezeshkian’s request for BRICS to play an “independent role” and establish a regional security framework without foreign powers. Consequently, Iran’s Embassy stated, “The prerequisite for ending the conflict is an immediate cessation of aggressions by the US and Israel.”
Modi condemned attacks on critical infrastructure and emphasized securing shipping lanes, but did not explicitly endorse Iran’s position. Meanwhile, Russian Foreign Ministry spokeswoman Maria Zakharova condemned recent strikes as a “blatant violation of international law.” The geopolitical tension coincides with significant economic pressure, as Brent crude prices have risen to $112.19 per barrel and Goldman Sachs forecasts no relief before 2027. With the Strait of Hormuz already partially blocked, the situation presents a direct test for BRICS cohesion and its capacity to influence global stability.
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