Western Nations Urge Quick Resolution of Middle East Conflict

Workers look on amid the rubble of a residential building hit by airstrikes at the Shahid Broujerdi residential complex in Tehran on April 14.

Source: AFP/Getty Images

A group of Western finance ministers, including from the UK, Japan and Australia, said the Iran war has caused a regrettable loss of life and warned that a prolonged conflict risks derailing the global economy.

The joint statement on Wednesday said that the growth and inflation impact will persist even if there was a lasting resolution to the conflict.