MarketPR
A joint statement from BRICS nations, including Iran, the United Arab Emirates, India, and China, placed the group's concern squarely on rising Middle East tensions and the supply-chain disruptions that have followed.
The bloc called for maximum restraint from all parties and urged dialogue and diplomacy as the path to lasting peace, security, and stability.
The Strait of Hormuz is named explicitly in the statement as a chokepoint of direct concern for the flow of global trade, energy, and supply chains.
Supply chains and the energy import bill The conflict has already disrupted regional trade and lifted global crude, fuel, and gas prices, according to the joint statement.
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