BlockBeats News, May 15th, during the 2026 BRICS Foreign Ministers' Meeting in New Delhi, India, Iranian Foreign Minister Abbas Araghchi accused the UAE of participating in the US-Israel military action against Iran, triggering a regional diplomatic escalation.

During the meeting, the host country India called for ensuring "unhindered maritime passage" in the Strait of Hormuz and the Red Sea, emphasizing that key shipping lanes should not be disrupted by geopolitical conflicts.

This accusation comes against the backdrop of continued tension in the Middle East, involving energy transportation security and the spillover risk of regional military conflicts, further exacerbating market concerns about the stability of the global crude oil supply chain.

Analysts point out that the security situation in the Strait of Hormuz, as a critical global energy passageway, directly affects global energy prices and inflation expectations, making it one of the key risk variables in the current macroeconomic environment.