The fallout from war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, remains effectively closed to shipping traffic. · Author Flavio Macau - Associate Dean - School of Business and Law, Edith Cowan University · Deep uncertainty about how long the disruption will continue has added a persistent “risk premium” – an…
After meeting with Marco Rubio, foreign minister Winston Peters says he made sure US understands ‘significant economic impacts on New Zealand and Pacific’ Eva Corlett · New Zealand has called on the US to send fuel tankers to the Pacific to help alleviate some of the significant economic and fuel pressure caused by the war in the Middle East. · Winston Peters, New Zealand’s foreign minister, met the US secretary of state, Marco Rubio, in…
The supply shock brought on by the conflict is teaching Brussels a vital lesson – one it will have to learn sooner or later By Ladislav Zemánek, non-resident research fellow at China-CEE Institute and expert of the Valdai Discussion Club https://www.rt.com/op-ed/authors/ladislav-zemanek/ · Gas station in Wendlingen am Neckar, Baden-Wuerttemberg, Germany, on April 6, 2026 © Michael Nguyen / NurPhoto via Getty Images · There …
Not Resource Poor — Policy Poor · New Zealand has been told for decades that it is an energy-dependent nation. · Too small. Too remote. Too reliant on global supply. · But the data tells a different story — not of scarcity, but of system design. · The Numbers Don’t Lie · Between April 2020 and March 2021, New Zealand produced about 1.48 billion litres of oil, condensate and LPG, exported about 1.11 billion litres of that total, and imported…
The Western “anti-market” price limit disrupts supply chains amid rising energy demand, Deputy Foreign Minister Andrey Rudenko has said · Deputy Foreign Minister Andrey Rudenko © Sputnik / Kristina Kormilitsyna · [RT] Moscow will not supply oil to countries backing an “anti-market” price cap scheme, Russian Deputy Foreign Minister Andrey Rudenko has said, as demand for crude rises amid the Middle East conflict. · Western …
The New Zealand Government is now considering pausing planned fuel tax increases, as rising global energy prices begin to bite into households and businesses already under pressure. The move signals a growing recognition inside Government that the current fuel shock is not temporary—but part of a broader structural disruption to global energy supply. · Tax Increases Put on Hold · Planned increases to fuel levies—originally intended to support…
Scott Kuru · This oil crisis is about to hit Australians where it hurts: at the pump, in grocery prices, and across the broader economy. In this video, I explain how geopolitics, shipping routes, and energy market panic translate into real-world fuel shortages, rising diesel costs, and more pressure on already stretched household finances. I also map out the oil supply chain risks, the fuel security problem Australia has ignored for years, and…
Scott Kuru · Australia could be closer to a fuel crisis than most people realise. In this video, I break down why the government’s messaging has suddenly shifted, what is really happening with Australia’s oil supply, and why years of policy decisions have left the country dangerously exposed to global shocks. · We look at how Australia became heavily reliant on imported fuel, the alarming reality behind the country’s fuel reserves, and why…
Top headlines of conflict · - Oil prices surge as two oil tankers are attacked and explode in Iraqi waters, forcing Iraq to stop operations at its oil ports and sending oil toward $100/bbl. - 'Largest wave of missiles since hostilities began' launched into northern Israel by Hezbollah - The US Navy said it was 'too dangerous' to escort tankers through still. - President of Iran demands reparations and guarantees against future…
Key Markets report for Monday, 9 March 2026 · Alex Krainer · President Trump’s war of choice against Iran has focused the world’s attention on the strategic importance of the region, like nobody’s ever seen before. · Even casual consumers of the news flow knew that a large chunk of the global oil supply passes through the Strait of Hormuz and that any disruption to maritime traffic there would send the oil price soaring well into…
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