Addressing counterparts from BRICS nations at a key conclave in New Delhi, Doval said India welcomed the memorandum of understanding reached between the United States and Iran and expressed cautious optimism over its implementation.
"The opening of the Strait of Hormuz is a very welcome development. It will remove supply chain bottlenecks and address shortages in sectors such as fertilisers and chemicals," Doval said. He added that the agreement between Washington and Tehran would contribute significantly to strengthening energy security.
Speaking on broader global challenges, Doval said the world was passing through a period of intense uncertainty marked by geopolitical tensions, economic pressures and disruptive technologies. He noted that threats were becoming increasingly complex while existing instruments and institutional mechanisms were proving inadequate in resolving or mitigating conflicts.
"We are meeting at a very tumultuous time. The world is facing geopolitical uncertainties, economic strains, and disruptive technology," Doval said.
He further observed that multilateralism was witnessing a decline and asserted that BRICS had a crucial role to play in addressing emerging challenges. According to him, the grouping was established as an informal coalition of emerging economies aimed at promoting a more multipolar world order, enhancing economic cooperation and amplifying the voice of the Global South.
Doval said BRICS also envisioned reforms in global governance and institutional mechanisms. He described the grouping as a special coalition of nations committed to peace, progress, development and cooperation.
New Delhi is hosting the conclave in its capacity as the current chair of the influential grouping.
Originally comprising Brazil, Russia, India, China and South Africa, BRICS expanded in 2024 with the inclusion of Egypt, Ethiopia, Iran and the United Arab Emirates. Indonesia joined the grouping in 2025.
BRICS has emerged as an influential platform bringing together 11 major emerging economies that account for nearly 49.5 per cent of the global population, around 40 per cent of global gross domestic product and approximately 26 per cent of global trade.
The remarks by the National Security Advisor came at a time of growing geopolitical volatility, underscoring the strategic importance of BRICS and highlighting the significance of secure maritime routes and stronger international cooperation in sustaining global economic stability.
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