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Global oil prices are currently on the rise. Against this backdrop, BRICS leaders maintain a distinct diplomatic advantage. The group Global oil prices are currently on the rise. Against this backdrop, BRICS leaders maintain a distinct diplomatic advantage. The group
includes Iran directly at the negotiating table. This position is something the United States does not currently share. At the same time, finding internal unity remains a significant challenge. The grouping represents a loose affiliation of emerging economies.
However, the ongoing war in the Middle East is complicating matters. This conflict directly strains the individual interests of member states.