China, Iran's biggest trading partner and a key customer of Tehran's energy exports, is willing to work with BRICS towards peace in the region, Xi said.
The BRICS bloc should work towards a peaceful resolution to the conflict in the Middle East, Chinese President Xi Jinping said, adding that his country is willing to play a key role.
"The situation in the Middle East and the Gulf region continues to evolve in a complex manner. This conflict has caused severe losses to the people of the region and is not in the common interest of the international community," Xi said in a speech at the BRICS Summit in New Delhi on Saturday.
"All relevant parties should adhere to the direction of a political solution and promote a permanent and comprehensive ceasefire. We must attach importance to addressing the root causes of the problems," Xi said in a Google translation of a transcript of the speech provided by the Chinese government.
Xi added that the Palestinian question has always been at the core of the Middle East issue and stressed the importance of implementing the so-called "two-state solution" with Israel.
"China is willing to work with BRICS members to play its due role in achieving peace and tranquility in the Middle East and the Gulf region," Xi said.
China is Iran's biggest trading partner, and a key customer of Tehran's energy exports.
The Trump administration imposed a tough new wave of economic sanctions against Iran last month. The Treasury Department's measures, dubbed "Operation Economic Outcast", aim to sever Iran's financial connections around the world.
Treasury Scott Bessent suggested at the launch of the operation that China would not be exempt.
While energy prices soared in the wake of the conflict, economists say China has helped prevent them rise even further due to years of stockpiling and its subsequent pullback of oil purchases.
President Donald Trump is slated to host Chinese leader Xi Jinping at the White House later this month.
BRICS was established in 2009 as a counterweight to Western dominance and originally comprised Brazil, Russia, India, China and South Africa. It eventually grew to include Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.
Get this delivered to your inbox, and more info about our products and services.
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.
Reporting synthesized and verified under Nexvoro.tech editorial guidelines. Full primary records referenced via CNBC World & Geopolitics.
OpenAI has formed a new independent mathematics advisory group hosted at the Institute for Advanced Study in Princeton following a surge in automated problem-solving. The move arrives amid mounting academic scrutiny regarding the rapid pace of artificial intelligence in advanced mathematical research.
As debate intensifies over the rapid acceleration of artificial intelligence, OpenAI has proposed a comprehensive framework for international safety standards, focusing heavily on alignment research and recursive self-improvement. The move follows recent high-profile departures and escalating concerns from industry insiders regarding humanity's long-term control over advanced frontier models.
As Washington fiercely debates artificial intelligence oversight, Nvidia CEO Jensen Huang has emerged as President Donald Trump's top confidant, successfully pushing back against growing regulatory pressures. While rival tech executives advocate for government slowdowns, the head of the world's most valuable chipmaker is charting a rapid course for American tech supremacy.
