Leaders at the New Delhi summit called for greater developing nation voice in global governance while urging de-escalation in the Middle East.
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BRICS leaders concluded their two-day summit in New Delhi on Sunday with a joint declaration calling for greater Global South influence in global governance and urging restraint in the Middle East. Indian Prime Minister Narendra Modi said the expanded bloc now offered a platform where the concerns of developing countries could be heard and their experiences taken into account. Modi warned that geopolitical tensions, disrupted supply chains and climate challenges required stronger cooperation across the Global South.
Chinese President Xi Jinping urged BRICS nations to work towards peace in the Middle East, per CNBC. China is Iran's biggest trading partner and a key customer of Tehran's energy exports. The summit also served as a platform for one-to-one diplomacy, with leaders holding bilateral meetings aimed at easing regional tensions.
The joint declaration reflected the bloc's effort to position itself as a unified voice for developing nations while navigating competing pressures in the Middle East conflict. The gathering drew attention to the economic stakes for BRICS members in regional stability, particularly given China's energy relationships with Iran.
Meanwhile, Saudi shares dropped after drone attacks targeted a key oil pipeline, per Reuters. The timing underscored the volatility facing energy-exporting nations in the region and added urgency to calls for de-escalation.