India, April 7 -- Finance minister Nirmala Sitharaman on Monday warned that the ongoing war between US and Iran has moved far beyond a regional security concern and now poses risks to the global economic system, describing it as a "systemic tremor".

Addressing the golden jubilee event of the National Institute of Public Finance and Policy in Delhi, Sitharaman said the evolving crisis threatens critical global energy supply routes and is reshaping geopolitical alignments.

"The escalation of the Middle East conflict has evolved from a regional security concern into a systemic tremor, threatening the vital arteries of global energy and hardening the lines of a new, multipolar world order," she said.

She underlined that the global economy ...