Russian oil tankers continue to sail the Red Sea with little interruption due to Houthi attacks, as they have fewer ties to the Western countries targeted by the attacks, Reuters reports.
South Africa has confirmed that Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates will join the BRICS, while Argentina declined the invitation.
Russia believes that its growing ties with China and emerging economies allow it to challenge the US-dominated financial system and the West. Russian documents indicate plans to undermine the dollar and create a new financial order that is not dominated by the United States.
A Houthi missile hit the Trafigura tanker carrying Russian fuel in the Red Sea, causing a fire on board. Warships were sent to help the vessel.
