SCO & BRICS latest news and insights
Bloomberg reports that, according to its sources, Russian and Chinese diplomats negotiated with one of the political leaders of the Houthis, Mohammed Abdel Salam, in Oman. Yemeni rebels have pledged to permit Russian and Chinese vessels to pass through the Gulf of Aden and the Red Sea. This route, w...
By Rhod Mackenzie
Russia and the BRICS countries can play a key role in resolving the Palestinian-Israeli conflict.
The Russian President Vladimir Putin stated this at an extraordinary BRICS summit dedicated to the deteriorating situation in the Middle East, RIA Novosti reports.
As the head of...
By Rhod Mackenzie
Türkey has suspended joint energy projects with Israel, including the exploration and production of hydrocarbon deposits in the Mediterranean Sea and the transit of gas to Europe. Despite recent predictions that these countries would surpass Russia in the EU market, the operation...
By Rhod Mackenzie
Amid concerns that the conflict between Israel and the Gaza Strip could escalate further within the region, crude oil prices have increased. Additionally, the potential response of Iran and the United States to the ongoing situation has contributed to the unease amongst market pa...
By Rhod Mackenzie
The military conflict in Israel and the Palestinian territories have caused strain on the global economy and financial system that were already struggling. Although the initial impact has been moderate, investors remain apprehensive about other equally pressing issues. If the hos...
By Rhod Mackenzie
The military conflict in Israel could have grave consequences for the global energy market. In the best-case scenario, the oil market could be only be deprived of Iranian oil, causing price hikes exceeding £75 per barrel. The worst possible scenario entails a repeat of the 1973...
