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The Latest Breaking News from BRICS

India for boosting intra-BRICS trade through stronger value chains

Intra-BRICS trade has surged significantly, reaching USD 1.17 trillion. However, this represents only about 5 percent of global trade. This highlights substantial untapped potential for deeper integration and stronger value chains among member nations. Discussions focused on achieving more balanced trade and exploring new service sector opportunities. India's exports to…

The Economic Times

China stands ready to deepen solidarity with partners: Chinese envoy to India on BRICS Foreign Ministers' Meeting

China's Ambassador Xu Feihong congratulated India on hosting the BRICS Foreign Ministers' Meeting. He highlighted constructive discussions on global issues and China's commitment to deepening BRICS solidarity and cooperation. China proposes strengthening strategic collaboration, economic ties, innovation, and people-to-people bonds. BRICS remains a key platform for addressing global challenges and…

The Economic Times

Trump Says U.S. 'Controls' Strait of Hormuz as Iran Says Negotiations Deadlocked Because It 'Cannot Trust' Americans

At a BRICS meeting in New Delhi, Iranian Foreign Minister Abbas Araghchi said Tehran "cannot trust the Americans at all," and said that the United States was sending conflicting messages.

International Business Times

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India's BRICS trade surges to $416 billion, but widening deficit raises policy imperative ahead of 2026 Summit

India's trade with BRICS nations shows strong growth. However, a widening trade deficit is a major concern. Imports from BRICS are rising faster than exports. Russia is a key import source. India aims to balance import dependencies and boost outbound shipments. The expanded BRICS bloc holds significant global influence.

The Economic Times

Iran FM Seyyed Abbas Araghchi assures EAM S Jaishankar of commerce safety through St of Hormuz

In a significant diplomatic encounter, Iran's Foreign Minister Seyyed Abbas Araghchi engaged with India's External Affairs Minister S Jaishankar. During their meeting, Araghchi emphasized Iran's commitment to ensuring safety in trade, assuring Jaishankar that Iran remains a steadfast ally in securing the critical Strait of Hormuz.

The Economic Times

BRICS talks end without joint statement, exposing divisions over war in Iran

BRICS diplomats met in Delhi but could not agree on a joint statement. Disagreements arose over the Middle East conflict, with Iran accusing the UAE of involvement. India, as host, released a chair's statement highlighting these differing perspectives. The grouping also called for the developing world to unite against global…

The Economic Times

'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressures

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted the "privileged" Moscow-Delhi partnership during the BRICS meeting.

The Economic Times

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BRICS ministers fail to issue a joint statement over differences on conflict in the Middle East

A two-day meeting of BRICS foreign ministers in New Delhi has ended without a joint statement due to differing views on the Middle East

The Independent UK

Hormuz not blocked by Iran, 'unprovoked aggression' by US, Israel led to it: Russian FM Lavrov

Russia's Foreign Minister Sergey Lavrov pointed to US and Israeli actions as the cause of the Gulf crisis. He stated Iran did not block the Strait of Hormuz. Lavrov proposed regional security talks involving Iran and Arab nations. He suggested India could mediate between Iran and the US for long-term…

The Economic Times

India can play long-term mediator role: Russian Foreign Minister Lavrov on Iran-US conflict

Russia's Foreign Minister Sergey Lavrov proposed India as a mediator for the Iran-US conflict. He highlighted India's extensive diplomatic experience and its role as BRICS chair. Lavrov suggested India could facilitate dialogue between Iran and its Arab neighbours to prevent regional instability. India's past mediation efforts in various global conflicts…

The Economic Times

Without meaningful reform, effectiveness and credibility of UN will remain constrained: Jaishankar at BRICS

India is strongly advocating for major changes in global institutions. External Affairs Minister S. Jaishankar stated that the United Nations needs reforms, including an expanded Security Council, to remain effective. He emphasized that current global governance structures are outdated. India also seeks restructuring of international financial and trading systems. Reforms…

The Economic Times

Jaishankar, Iran FM hold bilateral meet

India and Iran held high-level talks in New Delhi. Iranian Foreign Minister Seyyed Abbas Araghchi met with Indian Prime Minister Narendra Modi and External Affairs Minister S Jaishankar. Araghchi urged BRICS nations to unite against American coercion. He stated that such practices must be consigned to history. The meetings occurred…

The Economic Times

'An aggressor': Iran tells UAE to ‘accept responsibility’ as tensions flare at Brics meeting in New Delhi

Iran accused the UAE of direct military involvement in attacks against Tehran during a BRICS meeting, escalating tensions. Tehran claims Abu Dhabi facilitated aggression and warned of retaliation against facilities aiding US or Israeli operations. This dispute complicates efforts to finalize a joint BRICS communique.

The Times of India

BRICS a key voice of Global South, India to push for more inclusive world order: PM Modi

Prime Minister Narendra Modi shared his thoughts on BRICS. He met with foreign ministers and heads of delegation. Modi described BRICS as an important platform for cooperation among emerging economies. He also noted its role for the Global South.

The Economic Times

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The Guardian - UK

Iran says ships entering strait of Hormuz must cooperate after vessel seized

Docked ship reportedly seized outside UAE port by “unauthorised personnel”

The Economic Times

NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bonds

The PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development Bank (NDB). This expands investment options for both government and private sector NPS funds, previously limited to bonds from IBRD, IFC, and ADB. Other conditions like credit rating and maturity…

The Economic Times

India says safe, unimpeded maritime flows vital for global economic well-being

India's Foreign Minister Subrahmanyam Jaishankar highlighted the critical need for safe maritime trade routes. Speaking at a BRICS meeting in New Delhi, he emphasized that disruptions in West Asia impact global economics. Jaishankar also called for an end to unilateral sanctions. Emerging economies look to BRICS for stability and constructive…

The Economic Times

BRICS can help nations facing challenges of energy supplies, food, fertiliser and health security, EAM Jaishankar says

External Affairs Minister Dr S Jaishankar stated BRICS can assist nations with energy, food, fertilizer, and health security issues. The group meets amid global flux, with ongoing conflicts and economic uncertainties. Emerging markets expect BRICS to play a stabilizing role. Discussions will focus on development, economic resilience, climate change, technology,…

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The Economic Times

EAM Jaishankar welcomes Russian FM Sergey Lavrov at BRICS Foreign Ministers' meeting

New Delhi hosted the BRICS Foreign Ministers' meeting. External Affairs Minister S Jaishankar welcomed delegates from member and observer nations. The meeting is part of India's 2026 BRICS chairship. Discussions covered global and regional issues. India assumed the BRICS Chairmanship on January 1.

The Economic Times

India-bound LPG tanker MV Sunshine crossing Strait of Hormuz; Indian Navy, agencies provide all support: Sources

The India-bound LPG tanker MV Sunshine is safely navigating the Strait of Hormuz. The Indian Navy is providing support for its secure passage. Iran's Deputy Foreign Minister stated that peace in the Strait of Hormuz would improve safety. He also mentioned that Iran welcomes any Indian initiative to reduce regional…

The Times of India

Ahead of BRICS meet, Iran blames UAE for lack of consensus; Tehran to allow more Indian vessels to pass

The sharp differences within BRICS, which India has blamed for the lack of a consensus on the West Asia situation, became public with Iran accusing the UAE of blocking a joint declaration at the foreign ministers’ meeting that India will host over the next 2 days.

The Economic Times

Iran Foreign Minister Araghchi begins 3-day India visit

Iran's Foreign Minister Abbas Araghchi is in New Delhi for crucial BRICS talks, focusing on the escalating West Asian crisis and its impact on global energy. He will hold bilateral discussions with India's S Jaishankar, likely addressing the Strait of Hormuz. The meeting, hosted by India, aims to foster dialogue…

The Economic Times

India-Russia discuss energy, trade and global tensions as BRICS ministers gather in Delhi

External Affairs Minister S Jaishankar met Russian Foreign Minister Sergey Lavrov for productive talks. They discussed bilateral cooperation in energy and trade. The meeting also covered the West Asia crisis and the Ukraine conflict. India and Russia share an interest in strengthening multipolarity. Other BRICS foreign ministers also arrived for…

The Economic Times

Iran says BRICS unable to reach consensus on West Asia conflict due to UAE stance

Iran's Deputy Foreign Minister Kazem Gharibabadi stated the UAE is hindering BRICS consensus on the West Asia conflict. He expressed Iran's openness to Indian peace initiatives in the region. Gharibabadi mentioned Iran and Oman are developing a new framework for merchant vessels in the Strait of Hormuz. He also noted…

The Economic Times

Iran seeks India’s role in West Asia peace efforts ahead of BRICS meet; plans new Hormuz shipping framework

Iran welcomes India's efforts to bring peace to West Asia. The nation is creating a new framework for ships passing through the Strait of Hormuz. Iran stated that a BRICS member's demand to condemn it has prevented a unified stance. India's impartiality as BRICS chair is appreciated. Iran is committed…

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