Brics
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Iran conflict divides BRICS nations and rattles emerging markets
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Divisions have emerged within the expanded BRICS group over the ongoing US-Israeli strikes on Iran and Tehran's retaliations, as covered in earlier coverage of the conflict's outset. While Brazil, China, and Russia condemned the initial attacks, India, Saudi Arabia, and the UAE criticized Iran's responses. The escalation has triggered market volatility, reducing capital flows to emerging markets.