I have been closely monitoring how the BRICS are rewriting the rules of international trade, and honestly, it is one of the most significant changes we've seen in years.

The interesting thing is that we are no longer just talking about theory. According to recent data, approximately one in five oil transactions are now settled in local currencies instead of the dollar. China, India, and Russia are leading this movement with strategies such as the petro-yuan, payments in rubles, and transactions in rupees. It is a gradual but steady change.

BRICS have absolutely massive energy trade volumes, and that gives them the power to make this a reality. Every transaction in local currency is a small step away from the petrodollar. It’s not that the dollar will disappear tomorrow, but the trend is clear: geopolitical shifts are accelerating a diversification that seemed impossible a decade ago.

What many don’t see is that this is not just economics; it is political power. BRICS are building an alternative system for trade settlements, and that has huge implications for how global trade operates in the coming years.

If you follow capital flows and energy transactions, BRICS are the epicenter of this change. It’s worth watching how this evolves.