double-skinned crabsVietnamese crab exporterexellent crab

Wars Cost Trillions of Dollars, Indonesia Tells BRICS

Jayanty Nada Shofa
May 15, 2026 | 8:19 am
SHARE
BRICS foreign ministers hold a group photo session in New Delhi on May 14, 2026. Indonesia's Foreign Minister Sugiono (second from left) stands next to his Iranian counterpart Abbas Aragchi (third from the left). (Photo Courtesy of MoFA Indonesia)
BRICS foreign ministers hold a group photo session in New Delhi on May 14, 2026. Indonesia's Foreign Minister Sugiono (second from left) stands next to his Iranian counterpart Abbas Aragchi (third from the left). (Photo Courtesy of MoFA Indonesia)

Jakarta. Indonesia has reminded BRICS members of the seismic financial costs of wars, as the group, which included the rivaling Iran and the United Arab Emirates (UAE), gathered in India.

BRICS foreign ministers kicked off their two-day talks in India’s capital, New Delhi, on Thursday. The Iran war -- which had dragged the UAE -- cast a shadow over the meeting, joined by Indonesia’s Foreign Minister Sugiono.

According to a transcript shared by his ministry, Sugiono had raised concerns over the “developments in the Middle East”.

“The cost of war is ultimately the cost of lost opportunity. Trillions of dollars have been spent on conflicts and destruction, while reconstruction in affected regions adds hundreds of billions more. And this situation is not inevitable,” Sugiono told his BRICS counterparts.

ADVERTISEMENT

“It is the predictable result of a choice that favors force over diplomacy. The choice between war and development is therefore not only a moral imperative. It is a strategic one.”

He went on to say how the Middle East situation shows that “geopolitical ambitions and rivalries, when left unchecked, lead only to destruction”. 

“We must not allow ourselves to be drawn by the currents of rivalries and confrontation. … Indonesia stands ready, together with fellow BRICS members, to help shape a world that is more peaceful, just, and more secure for all,” Sugiono said.

Amid Jakarta’s calls for peace, reports revealed that the meeting had seen clashes between Iran and the UAE.  Iranian Foreign Minister Abbas Araghchi had called on members to condemn the US-Israeli attacks. Arragchi accused Abu Dhabi of being “directly involved in the aggression”, Iran’s Mehr news agency reported. UAE Minister of State for Foreign Affairs Khalifa bin Shaheen Al Marar is also attending the New Delhi talks.

The Iran war started with a US-Israeli joint operation on Tehran in late February, which killed the country’s leadership. Iran responded by firing at US bases and other targets in Gulf nations, including the UAE. 

The fighting has added strain to global energy supplies as Iran also retaliated by blocking the Strait of Hormuz, the narrow waterway responsible for a quarter of global seaborne oil trade. Earlier this month, the UAE blamed Iran’s barrage of missiles for setting an Emirati oil refinery ablaze. The global crude benchmark Brent hovered above $106 per barrel on Friday as the US-Iran ceasefire talks remained at a deadlock.

Tags: Keywords:
SHARE

Related Articles


News May 17, 2026 | 6:50 pm

Drone Strike Sparks a Fire Near UAE's Nuclear Power Plant

Iran has been increasingly threatening the UAE over recent days as the country hosted Israeli Iron Dome missile defenses and troops.
Business May 15, 2026 | 12:31 pm

Indonesia Slams 'Disproportionate' Tariffs at BRICS Talks

BRICS foreign ministers are gathering in New Delhi, and some members have made indirect references to US tariffs.
News May 15, 2026 | 8:19 am

Wars Cost Trillions of Dollars, Indonesia Tells BRICS

In a meeting joined by UAE and Iranian officials, Indonesia reminds BRICS that "the cost of war is ultimately the cost of lost opportunity."
News May 14, 2026 | 9:30 am

Trump-Xi Meeting Opens in Beijing With Low Expectations on Trade, Security

Trump met Xi in Beijing as both sides opened talks, with little expectation of breakthroughs on Iran, Taiwan and trade.
News May 9, 2026 | 12:00 pm

ASEAN Wants to Share Fuel ASAP, but So Much Work to Be Done

Philippine President Ferdinand Marcos Jr. says that ASEAN still needs to work on the operational details of the fuel-sharing mechanism.
Business May 8, 2026 | 10:04 pm

Prabowo Says Private Sector Shouldn’t Handle Agriculture Alone

Prabowo tells his ASEAN counterparts that agriculture is the "primary responsibility of the government".
News May 8, 2026 | 11:30 am

ASEAN Calls For Hormuz Passage, Warns Rising Food Bill

ASEAN is worried that the prolonged closure of the Hormuz strait can make food more expensive.
News May 7, 2026 | 11:31 am

ASEAN Kicks Off Cebu Talks as Bloc Mulls Sharing Fuel

ASEAN is eyeing to have an emergency fuel-sharing mechanism as the energy crunch from the Iran war persists.
Business May 4, 2026 | 5:00 pm

Indonesia’s Palm Oil Exports Tumble 35.08%

Indonesia's palm oil exports only totaled $1.42 billion in March 2026, BPS says.
News May 4, 2026 | 10:47 am

Trump Unveils ‘Project Freedom’ to Escort Ships from Strait of Hormuz

The US will launch Project Freedom to guide ships from the Strait of Hormuz as tensions rise and fresh attacks hit vessels.

The Latest


News 9 hours ago

Prabowo Replaces National Nutrition Agency Chief in Surprise Leadership Shake-Up

President Prabowo replaced the leadership of Indonesia’s National Nutrition Agency in a surprise shake-up of a key flagship program.
Business 11 hours ago

Indonesia’s Trade Surplus Falls to Six-Year Low as Oil Imports Surge

A sharp increase in crude oil and fuel imports pushed Indonesia’s April trade surplus to its lowest level in six years.
Business 11 hours ago

Rupiah Slides to Rp 17,839 Amid Geopolitical Uncertainty

Rupiah weakened to Rp 17,839 per US dollar as Middle East tensions and US trade policy uncertainty rattled markets.
Business 11 hours ago

Palm Oil Exports Soar Double-Digits as New Trade System Begins

Palm oil producers are keeping their fingers crossed that the new one-gate trade regime will not scare away foreign buyers.
Business 12 hours ago

Indonesia’s Creative Economy Attracts Rp 61.3 Trillion in Q1 Investment

The creative economy sector attracted Rp 61.3 trillion in Q1 investment, with foreign investors accounting for 71% of the total.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED