BRICS Countries Agree to Safeguard Energy Flows Amid Rising Oil Prices
Bloc members pledge cooperation to protect global energy supplies and trade as instability in West Asia pushes oil prices higher, according to Iran's Mehr News.
BRICS countries have agreed to work together to protect global energy supplies and keep trade moving amid growing instability in West Asia, Iran's Mehr News reported on September 13.
According to the report, the agreement comes as oil prices have risen amid the regional instability, though the outlet did not specify further details on the mechanisms of cooperation or which BRICS members were directly involved in the discussions.
Mehr News did not provide additional information on the timeline for implementation of the agreement or specific measures member states intend to take to safeguard energy flows.
The report did not elaborate on the exact nature of the instability in West Asia referenced as the driver behind the price increases and the coordinated response.
Sources
- BRICS agrees to safeguard energy flows as oil prices soar — Mehr News (Iran)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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