During his UN General Assembly address, Brazilian President Luiz Inácio Lula da Silva stated that international conflicts are driving up fuel and food prices globally.
Key points
- President Lula stated that the Strait of Ormuz has been turned into a trench of war, harming global trade circulation.
- He emphasized that the Russia-Ukraine war has lasted five years and declared that diplomacy is the only viable option.
- Lula warned that ongoing conflict in the Middle East makes the two-state solution increasingly unviable.
- He defended Brazil's sovereignty, stating that the country does not fit into anyone's backyard.
Why it matters
The speech highlights how geopolitical conflicts and trade route disruptions directly impact global inflation and commodity prices, while asserting Latin American sovereignty on the international stage.
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