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Multipolar Order and Dedollarization Drift

The expanding BRICS grouping will keep advancing non-dollar trade and parallel institutions in slow, uneven steps, gradually diluting the dollar's centrality even as internal divisions cap the pace.

forming · confidence 40 · Emerging (watchlist) · tracking since June 23, 2026 · updated June 23, 2026

Context

BRICS Foreign Ministers Meet in India as War and Oil Test the Bloc's Unity

Geopolitics

BRICS Foreign Ministers Meet in India as War and Oil Test the Bloc's Unity

Diplomats from the expanded grouping gathered amid divisions over the Iran conflict, energy prices and the bloc's direction.

2 sources
Corroborated

BRICS foreign ministers met in India amid divisions over the Iran conflict, energy prices and the expanded bloc's direction, underscoring the internal frictions that cap the grouping's pace.

Affected regions and assets for this thesis are coming soon.