As Oil Prices Rise, BRICS Leaders Have What U.S. Doesn’t: Iran at the Table

Even so, finding unity among the loose grouping of emerging economies will be difficult as the war in the Middle East strains their own interests. The summit of the BRICS group of emerging economies is designed to show what world leadership looks like when the West is not in the room. And as widening clashes in the Middle East send global energy prices soaring, the gathering in New Delhi this weekend gives the leaders of China, India and Russia something Washington does not have: a seat at the table with Iran. Prime Minister Narendra Modi of India is hosting the BRICS club — named after its earliest members, Brazil, Russia, India, China and South Africa — a group that has been conceived as a counterweight to the West. The Indian capital has largely been shut down for the meeting.

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