Middle east
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.
President Prabowo Subianto attended the inaugural Board of Peace meeting in Washington DC on February 19, 2026, where he affirmed Indonesia's commitment to Gaza peace by sending 8000 TNI troops. He supported US President Donald Trump's 20-point plan and received praise for his leadership. The forum discussed global contributions for ceasefire and sustainable reconstruction.