Foreign Minister Winston Peters has delivered a speech to the Institute of International Affairs at Parliament.

Peters laid out the the challenges and opportunities facing New Zealand's foreign policy - touching on the war in both Ukraine and Gaza.

He outlined our position in AUKUS, saying we must first be invited to join in the first place.

ZB political reporter Sophie Trigger says Peters says the Government will need to weigh up the economic and security benefits and costs of any decision either way.

A woman interrupted Peters, holding up a sign protesting AUKUS before being thrown out.

LISTEN ABOVE