BRICS leaders adopted the New Delhi Declaration at their annual summit, voicing concern over Middle East tensions and calling for restraint, dialogue and diplomacy. The statement condemned sanctions, nuclear threats and terrorism, promoted United Nations reform and reiterated the bloc's opposition to unilateral tariff and non-tariff measures that it views as trade-distorting. The declaration followed divisions between Iran and the United Arab Emirates that had prevented a joint foreign ministers' statement in May, as U.S.-Iran strikes resumed after an August pause. Market pricing indicated a moderate decline in the perceived likelihood that Iran would develop a nuclear weapon before 2027 after the summit, while attention turns to whether the statement affects diplomatic engagement over Tehran's nuclear program.