BRICS & Liquefied natural gas

BRICS: BRICS is hosting a foreign ministers' meeting in New Delhi to discuss the West Asia crisis, global energy supply, and cooperation among Global South nations. The grouping aims to strengthen multilateralism and reform international economic governance.

Liquefied natural gas: Global LNG prices have surged due to Iran's virtual blocking of the Strait of Hormuz, impacting global energy supply chains.

BRICS: BRICS is hosting a foreign ministers' meeting to discuss global and regional issues, particularly the West Asia crisis and its impact on energy supply chains. The group's inability to reach a consensus statement on the conflict highlights internal divisions.

Liquefied natural gas: Global prices for Liquefied natural gas have surged due to disruptions in the Strait of Hormuz caused by Iran's actions.

BRICS: BRICS failed to issue a joint statement due to internal disagreements, highlighting challenges in its unity and effectiveness as a bloc.

Liquefied natural gas: Global supplies of Liquefied natural gas are significantly affected by the instability and attacks in the Strait of Hormuz.