Modi Seeks BRICS Unity as Global Tensions Rise

Watch on YouTube ↗  |  September 12, 2026 at 12:27  |  9:53  |  Bloomberg Markets
Speakers
Dan Strumpf — Bloomberg News Senior Reporter

Summary

Bloomberg This Weekend discusses the BRICS summit in New Delhi, where India is trying to forge consensus among expanded members despite divergent interests on the Iran war, US relations, and the group's global role. Dan Strumpf highlights a tentative India-China rapprochement, including Xi Jinping's visit and China Southern Airlines resuming Guangzhou-New Delhi service. The discussion also notes Iran's defiant posture and overnight Houthi attacks that disrupted Middle East oil flows, keeping the war at the top of the agenda.

  • BRICS summit is being held in New Delhi with expanded membership.
  • India seeks consensus and a joint statement despite divergent interests.
  • Iran's president uses the summit to project defiance toward the US and Israel.
  • India-China ties show tentative signs of normalization.
  • China Southern Airlines plans to restore Guangzhou-New Delhi service after six years.
  • Houthi attacks and a Saudi pipeline disruption affect Middle East oil flows.
  • The Iran war remains a central agenda item at BRICS.
Ideas
Dan Strumpf Bloomberg News Senior Reporter 9:31
Oil supply disruption worth monitoring
Houthi attacks in Yemen and Saudi Arabia's pipeline shutdown are disrupting Middle East oil flows, creating a developing supply-side risk that keeps the Iran war at the top of the BRICS agenda.
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This Bloomberg Markets video, published September 12, 2026, features Dan Strumpf discussing WTI. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Dan Strumpf  · Tickers: WTI