March 14, 2026 ChainGPT

Iran Urges BRICS to Back It Amid Israel Tensions — New Delhi Summit Could Roil Crypto Markets

Iran Urges BRICS to Back It Amid Israel Tensions — New Delhi Summit Could Roil Crypto Markets
Iran’s foreign minister on Friday urged the BRICS bloc to back member states amid rising tensions with Israel, saying collective support is “essential” to preserve regional and global stability. Abbas Araghchi made the plea after a phone call with India’s external affairs minister S. Jaishankar. Araghchi emphasized BRICS’ role as “a forum for developing multilateral cooperation,” and said the grouping must play “a constructive role at the current juncture in supporting regional and global stability and security.” He described it as a “necessity” for BRICS to stand with Iran during the ongoing crisis and called on international bodies to “condemn the military aggression against Iran.” Araghchi also accused the United States and Israel of committing “aggression and atrocities” against Iran, warning of the wider consequences for regional and global security. Those comments underscore Tehran’s concern that it is increasingly isolated as some countries distance themselves. Jaishankar posted a brief update on X, saying only that he “discussed bilateral matters as also BRICS related issues.” India’s Prime Minister Narendra Modi has reportedly expressed deep concern about developments in the Middle East, but neither India nor other BRICS members have formally backed Iran as tensions escalate. India will host the next BRICS summit in New Delhi, offering Tehran a platform to press its case and potentially question fellow members over perceived lack of support. The situation poses a diplomatic balancing act for BRICS members, who must manage ties with Tehran while maintaining relations with the United States. For markets, including crypto, heightened geopolitical tensions can drive volatility as investors seek safe havens and reassess risk. Observers will be watching the New Delhi summit for signals on whether BRICS will move toward a unified stance or continue to navigate divergent national interests. Read more AI-generated news on: undefined/news