Skip to content
You can now search across every topic, entity and event.What's new
European Energy Markets
27JUL

Araghchi flies to BRICS Delhi 14-15 May

3 min read
09:24UTC

Iranian Foreign Minister Abbas Araghchi travels to New Delhi on 14-15 May for the BRICS foreign ministers meeting with Russia's Sergey Lavrov and India's Subrahmanyam Jaishankar. Spokesman Ismail Baghaei set ending the war and lifting the Hormuz blockade as 'prerequisites' to nuclear talks.

EconomicDeveloping
Key takeaway

Araghchi meets Lavrov and Jaishankar at BRICS Delhi on 14-15 May, the same days Trump sees Xi.

Abbas Araghchi, Iran's Foreign Minister, travels to New Delhi on 14-15 May 2026 for the BRICS (Brazil, Russia, India, China, South Africa bloc) foreign ministers meeting, chaired by India and including Russia's Sergey Lavrov and India's Subrahmanyam Jaishankar 1. The trip runs on the same two days Donald Trump sits across from Xi Jinping in Beijing. Iran's top diplomat will be in the next room with the two BRICS counterparts most able to underwrite a non-Western verification mechanism for Hormuz on the same days the US tries to convert China into a pressure lever.

Iran's Foreign Ministry spokesman Ismail Baghaei set the precondition on 12 May: ending the war and lifting the Hormuz blockade are "prerequisites" to any resumption of nuclear talks 2. Araghchi has held four high-level calls with Jaishankar since the war began on 28 February. India's own interests (stable crude supply, the safety of Indian crews on Iranian-routed tankers, and the Indian firms named in earlier OFAC designations) make Delhi a less-than-reliable conduit for US pressure. The pivot to the multilateral track followed Iran's silence after the 9 May deadline ; the bilateral channel held no fresh text, so Araghchi went looking for one elsewhere.

BRICS foreign ministers meetings have historically produced communiques on third-country conflicts that the West then negotiates against in subsequent UN Security Council drafts. The 2022 Samarkand communique on Ukraine was the template: agreed BRICS language constrained subsequent G7 positions because the alternative was a public divergence the G20 could not paper over. Delhi 14-15 May is now in that template's slot. The IAEA, locked out of Iran since the Majlis suspended all cooperation in April, would be required for any Western verification mechanism Iran has now pre-conditioned on war-end. The parallel-summits architecture is the product of 75 days during which neither side has signed anything; each is now building the multilateral backing it will need if a written deal ever has to converge.

Deep Analysis

In plain English

While Trump was meeting China's president in Beijing, Iran's top diplomat was in a different room in a different city: New Delhi. He was attending a meeting of the BRICS group of countries. BRICS is a bloc of major non-Western economies including Brazil, Russia, India, China and South Africa. Iran's Foreign Minister Abbas Araghchi met his Russian counterpart Sergey Lavrov and India's External Affairs Minister Subrahmanyam Jaishankar on 14-15 May. Iran's aim was to build non-Western diplomatic support for its position: that any nuclear talks must wait until the war ends and the Hormuz blockade is lifted. If the BRICS meeting produces a written statement endorsing Iran's sequencing, it gives Tehran a diplomatic document it can use to resist US pressure for a different order of events. India, as chair of the meeting, will effectively decide whether that document is strong or weak.

Deep Analysis
Root Causes

Iran's pivot to the BRICS platform for the 14-15 May meetings reflects the structural failure of the bilateral Pakistan channel to produce new written text since the 9 May deadline. With no fresh paper on the Pakistan track and the US trying to convert China into a pressure lever at the Beijing summit, Tehran needs a multilateral document that encodes its "war-end as prerequisite" position before that position can be pre-empted by a US-China joint statement.

The structural logic of the BRICS platform for Iran mirrors the logic of non-aligned movement summits during the Iran-Iraq War (1980-88): when the bilateral channel is stalled and the great-power dynamic is unfavourable, a third multilateral track produces documentation that constrains what great powers can agree bilaterally.

Tehran is using New Delhi as its documentation layer, knowing that a BRICS foreign ministers' communique carries enough diplomatic weight to be cited in any subsequent UN Security Council draft.

What could happen next?
  • Consequence

    A BRICS communique endorsing Iran's war-end-first sequencing creates a non-Western diplomatic floor that constrains what a US-China joint statement can say without producing a public divergence the G20 cannot paper over.

  • Risk

    If India steers the BRICS text toward procedural neutrality, Tehran loses its documentation layer and is forced back onto the bilateral Pakistan channel without new multilateral backing.

First Reported In

Update #96 · Hegseth: no AUMF needed. Trump flies east

PressTV· 13 May 2026
Read original
Different Perspectives
Slovakia
Slovakia
Slovakia says it dropped its hold-out on the 21st sanctions package only after Ursula von der Leyen personally signed written gas-price and supply guarantees. The Council of the European Union's own 17,238-character release on the package names neither Slovakia nor any guarantee, leaving Bratislava's account unconfirmed by the institutional record.
EU regulator on capacity mechanisms
EU regulator on capacity mechanisms
Brussels is watching Germany's StromVKG first 4.5 GW capacity auction move toward its 8 September bid deadline without a resolved state-aid clearance for the 9 GW 2026 programme's gas-plant subsidies. A negative spark spread this deep on cheap gas strengthens the case for subsidised dispatchable capacity, the same case still awaiting a state-aid ruling.
French power exporters
French power exporters
French day-ahead cleared EUR 41.13/MWh on Sunday 26 July, EUR 43.09 below Germany, on wind more than doubling and a demand trough, not on any nuclear recovery. The desk expects the discount to hold only as long as French wind and weekend demand repeat, not as a durable nuclear-cost advantage.
European gas storage operator
European gas storage operator
A storage operator stopped bidding for prompt TTF cargoes on 21 July, reading the strike-halt unwind as the start of a fuel-side correction rather than a floor. It expects the gap between prompt and forward gas to keep narrowing as the war premium continues leaving the curve.
German gas-fired power fleet
German gas-fired power fleet
German gas-fired plants cut output from 4.37 GW to 2.85 GW between 24 and 27 July, even as TTF fell 8 per cent, because below roughly minus EUR 40/MWh the fuel price stopped deciding dispatch. The fleet expects no relief until wind eases or StromVKG's first 4.5 GW auction adds capacity.
French industrial power consumers
French industrial power consumers
France's day-ahead discount to Germany has nearly closed as TTF and EUA rise together on both sides of the border, eroding the arbitrage French industry relied on through the summer. A standing negative spark removes the German demand buffer that kept that spread wide.