RNZ·3 min read·medium
Oil price shock for New Zealand far from over - Westpac economist
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RNZ | Te Reo Irirangi o Aotearoa
✦AI Summary
New Zealand faces continued economic pressure as oil prices remain volatile due to ongoing geopolitical tensions in the Middle East, specifically involving Iran and the Red Sea. Economists warn that fuel prices at the pump are likely to remain high and could increase further if global crude prices persist at current levels.
The oil price shock that hit New Zealand earlier this year in the wake of the Iran war is far from over, and Kiwis may soon have to again fork out for higher petrol prices.
economyworldbusiness
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