
India Hosts BRICS Summit as Iran War Tests Bloc Unity
India will host the BRICS summit in New Delhi on September 12-13 as divisions between Iran and the UAE, the Iran war and China-India ties test the expanded bloc's unity.
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India will host the BRICS summit in New Delhi on September 12-13 as divisions between Iran and the UAE, the Iran war and China-India ties test the expanded bloc's unity.

Iran issues a strong warning ahead of a US naval blockade, saying no Gulf port will be safe as tensions escalate and global oil markets react sharply.

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US President Donald Trump has announced that CNN, MS NOW and Politico will be barred from the White House, accusing the outlets of repeatedly publishing what he called “fake news.” The scope of the ban remains unclear, while the targeted organisations have challenged the move and signalled they will defend their press-access rights.

European gas prices have climbed to their highest level since early 2023 as renewed US-Iran fighting adds fresh pressure to LNG supplies and raises concerns over Europe’s energy security ahead of winter.

The US national average diesel price has crossed $6 a gallon for the first time, adding pressure to trucking, farming, shipping and food prices as the Iran conflict, Russian refinery disruptions and tighter global fuel supplies squeeze the market.

Asian refiners are sending record volumes of diesel to Africa as Middle Eastern fuel shipments fall sharply because of shipping disruptions, security threats and refinery outages linked to the regional conflict.

Iran denies any peace negotiations with the US after Donald Trump claimed talks were underway, as military tensions and strikes continue across the region.

The United Kingdom has strongly criticized Iran following reports of missile activity targeting the strategically important Diego Garcia military base in the Indian Ocean.

An Indian seafarer was killed after the Antigua and Barbuda-flagged bulk carrier MV Cape Dao came under attack off Oman's Musandam coast while sailing towards India. Omani authorities evacuated 27 crew members, while India's government confirmed the death of one Indian national and said its embassy was coordinating with local authorities.

Fuel prices rise sharply in India as Nayara Energy increases petrol and diesel rates, triggering panic buying amid global supply disruptions linked to the Iran-US conflict.

Trade tensions between the United States and Canada are escalating after talks collapsed, with new 50% US tariffs on about $20 billion of Canadian goods and retaliatory duties from Ottawa expected to put pressure on businesses and consumers.