Oil News: India Discovers Immense ‘Treasure’ of MENA, China Rushes In

Source: नवभारत टाइम्स | Original Published At: 2026-04-24 06:27:33 UTC

Key Points

• Indian and Chinese officials held talks in New Delhi amidst ongoing BRICS MENA consultations.
• Chinese Special Envoy Zhai Jun met with Indian Secretary (South) Dr. Neena Malhotra to discuss MENA region developments.
• Discussions focused on strengthening bilateral relations amidst global geopolitical tensions and Hormuz Strait disruptions.
• The article highlights BRICS expansion, noting Egypt, Ethiopia, Iran, and UAE joined as members in 2024.
• Saudi Arabia participates in BRICS meetings but remains a non-full member due to its relations with the US.
• BRICS currently represents 40% of the world's population and one-third of the global economy.
• Reports include US President Trump's controversial remarks calling India and China 'hell' and India's diplomatic rebuttal.