Iran Condemns US, Israel at BRICS
Analysis based on 6 articles · First reported May 14, 2026 · Last updated May 14, 2026
The event highlights escalating geopolitical tensions in West Asia, which could lead to increased volatility in oil prices and defense stocks. The call for a new global order by Iran, supported by BRICS, suggests a potential shift in international economic and political alliances, impacting long-term investment strategies in emerging markets and commodity-producing nations.
Iranian Foreign Minister Abbas Araghchi, at the BRICS Foreign Ministers' Meeting in New Delhi, called on BRICS member states and the international community to condemn the United States and Israel for alleged violations of international law and 'illegal aggression' against Iran. Abbas Araghchi described Iran's confrontation with Western powers as a struggle against 'Western hegemony' and linked Iran's actions to the interests of BRICS nations and the Global South. He urged intensified efforts against what he termed 'American bullying' and a culture of impunity associated with the United States. Abbas Araghchi also accused Western countries of enabling violence and violations of sovereignty in the Global South. The meeting, hosted by India, is part of broader consultations to enhance coordination among BRICS member states on global economic governance and geopolitical challenges.
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