4 hrs ago

BRICS Energy Security Call Faces Test Amid West Asia War

BRICS Energy Security Call Faces Test Amid West Asia War
Amid West Asia war, BRICS’s call on energy flows, infra protection reflects its dilemma · indianexpress.com

BRICS countries agreed that energy supplies should remain safe and steady.

They also said important energy facilities and shipping routes should be protected.

This discussion happened during a continuing war in West Asia.

Several BRICS members, including Iran, Saudi Arabia, and the United Arab Emirates, are affected by the conflict in different ways.

Russia has also seen energy infrastructure damaged during its war with Ukraine.

The Strait of Hormuz, a major route for oil and gas, is carrying much less traffic than before.

This has made energy supplies tighter and pushed prices higher.

BRICS members have different sides and interests in the conflict, so they did not blame a particular country.

The declaration may provide a basis for cooperation, but the crisis will test whether BRICS can act together.

Key facts

Declaration
The New Delhi Declaration emphasized energy market stability, uninterrupted supplies, resilient value chains, and protection of critical energy infrastructure.
Strait of Hormuz
Before the war, it carried about one-fifth of global crude oil and liquefied natural gas flows.
Oil price
Brent futures closed at about $105 per barrel on Friday, the highest level since May, according to the article.
Saudi pipeline
Saudi Arabia temporarily shut its East-West oil pipeline after multiple attacks on Thursday.
Conflict impact
Energy infrastructure in Iran, Saudi Arabia, the United Arab Emirates, and Russia has been affected by attacks or war damage.
BRICS divisions
Members have differing positions and interests because Iran is a conflict party while Saudi Arabia and the United Arab Emirates are United States allies targeted by Tehran.

Quotes

BRICS New Delhi Declaration

Official declaration adopted at the 18th BRICS Summit.

“We recognize that energy security is a crucial foundation for social and economic development, national security and the welfare of all nations. We highlight the need to enhance energy security by ensuring energy market stability and maintaining undisrupted flows of energy from diverse sources, strengthening value chains, ensuring resilience and protection of critical energy infrastructure, including cross-border infrastructure.”
indianexpress.com
“Furthermore, we urge to ensure the protection of civilians and civilian infrastructure in accordance with the purposes and principles of the Charter of the United Nations in their entirety and interconnectedness, including respect for the sovereignty and territorial integrity of the States.”
indianexpress.com

Sources

Related news