New Zealand’s Finance Minister Says Iran War has Made ‘Whole World Poorer’

New Zealand Finance Minister Nicola Willis said finance chiefs gathered in Washington are increasingly uneasy about the lack of clarity over what comes next in the Middle East — and how countries should prepare.

“There is really a shared concern across nations that when the global oil market is disrupted in this way, it has inflationary impacts for our consumers, growth impacts for our countries,” Willis said in a television interview with Bloomberg Businessweek Daily’s Carol Massar and Tim Stenovec. “Frankly, it has made the whole world poorer than it would otherwise be.”