Geopolitics

Lula calls for stronger BRICS, South American integration and greater Global South role - indiagazette.com

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DW NOTE

Lula has been calling for BRICS expansion and a multipolar order since his third term began in 2023. The Strait of Hormuz has been closed for a week, 2,000 ships are stranded in the Gulf, and WTI is down 31% from its annual high. If there were ever a moment for the Global South to present a coherent alternative to dollar-denominated energy markets, this would be it — yet the bloc remains a talk shop with no settlement infrastructure and no shared currency beyond aspirational white papers.

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Lula calls for stronger BRICS, South American integration and greater Global South role - indiagazette.com

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