Overview
On 23 June 2026, National Security Advisor Ajit Doval addressed a BRICS conclave in New Delhi. He hailed the recent opening of the Strait of Hormuz as a boost to energy security. Doval linked this development to broader supply‑chain relief in fertilisers and chemicals, and to the strategic role of BRICS in shaping a stable global order.
Key Developments
- The Strait of Hormuz has been reopened for free navigation, reducing bottlenecks in oil and related commodity flows.
- India welcomes the MoU between the United States and Iran, expressing "cautious optimism" that it will further strengthen energy security.
- Doval highlighted that the opening will ease shortages in sectors such as fertilisers and chemicals, which are critical for agricultural productivity.
- He warned that the world is facing geopolitical uncertainties, economic strains, and rapid technological disruption.
- The decline of multilateralism was noted, with BRICS positioned to fill the governance gap.
Important Facts
- BRICS now comprises 11 members: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, and Indonesia.
- The grouping represents roughly 49.5% of the world population, about 40% of global GDP, and around 26% of world trade.
- India, as the current chair of BRICS, is hosting the conclave and steering discussions on global governance reforms.
- The reopening of the Strait of Hormuz is expected to alleviate supply‑chain pressures on energy‑intensive industries.
Exam Relevance
The statements intersect with several GS papers. The strategic importance of the Strait of Hormuz falls under GS3 (Energy & Resources) and GS1 (International Relations). Doval’s remarks on the US‑Iran MoU and the role of BRICS touch upon diplomatic negotiations, multilateral institutions, and the push for a multipolar world—core topics for GS1. The discussion on supply‑chain bottlenecks links to economic planning and industrial policy, relevant to GS3. Finally, the emphasis on declining multilateralism and the need for institutional reforms are pertinent to GS2 (Governance) and GS4 (Ethics) when evaluating global cooperation.
Way Forward
India should leverage its BRICS chairmanship to push for concrete reforms in global financial institutions, ensuring that emerging economies have a stronger voice. Parallelly, it must diversify energy imports to reduce dependence on any single corridor, thereby enhancing energy security. Strengthening diplomatic engagement with both the United States and Iran can help stabilise the region and sustain the benefits of the open Strait of Hormuz. Finally, India should champion renewed multilateralism through inclusive forums, balancing national interests with global responsibilities.