New Zealand’s foreign minister said the increase in unemployment in this country is due to the closure of the Strait of Hormuz. Winston Peters wrote on the X network: “The rise in unemployment is directly linked to the recent conflict in the Strait of Hormuz and the sharp increase in fuel costs resulting from it, which directly affects business costs.”

He added: “At the start of this conflict, we said that this would have a severe impact on inflation and unemployment.”

Based on data from New Zealand’s Statistics Center, which was reported by Reuters, the country’s unemployment rate reached 5.6 percent in the second quarter, the highest level in the past decade.