The NZX has fallen 3.1 percent as the US and Israeli war on Iran dents people's investment portfolios. 

Closure of the crucial Strait of Hormuz has ignited supply concerns over crude oil - now costing more than $100 US dollars a barrel. 

Shares in Auckland Airport and Fisher and Paykel Healthcare have tumbled.  

Generate investment specialist Greg Smith says the market's accounting for what might happen, and it could turn.

He explained it's also affected by Iran appointing a new leader and Donald Trump refusing to back down - which has pushed out the time frame for resolving everything.

LISTEN ABOVE

The NZX has fallen 3.1 percent as the US and Israeli war on Iran dents people's investment portfolios.&nbsp;
Closure of the crucial Strait of Hormuz has ignited supply concerns over crude oil - now costing more than $100 US dollars a barrel.&nbsp;
Shares in Auckland Airport and Fisher and Paykel Healthcare have tumbled. &nbsp;
Generate investment specialist Greg Smith says the market's accounting for what might happen, and it could turn.
He explained it's also affected by Iran appointing a new leader and Donald Trump refusing to back down - which has pushed out the time frame for resolving everything.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Greg Smith: Generate investment specialist on the economic impact of the Middle East conflict

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/26ea5de4-41e6-45b0-98be-b4080050e108/transcript