Iran and UAE Join BRICS in War Restraint Statement at Summit

Iran and the UAE signed a joint BRICS statement calling for restraint in the Middle East war on September 12, 2026. This meeting marks the highest-level engagement between the two countries since the start of the conflict. The declaration urges cooperation, protection of civilians, and respect for territorial integrity. The BRICS group, originally composed of Brazil, Russia, India, China, and South Africa, now includes Iran and the UAE among its members. This development could reflect increased diplomatic efforts in a region under strain, which may influence market sentiment regarding geopolitical risks.