Airlines are taking another hit from the ongoing conflict in the Middle East. 

Oil prices jumped 7% after an Iranian news agency announced Tehran has suspended the negotiations with the US.  

Contributing to the dwindling stocks of jet fuel is a new ban on exports by Russia, set to last until the end of November. 

Business Correspondent Vicky Pryce told Francesca Rudkin airlines are also beginning to be affected in terms of the value they have in the stock markets. 

LISTEN ABOVE 

Airlines are taking another hit from the ongoing conflict in the Middle East.&nbsp;
Oil prices jumped 7% after an Iranian news agency announced Tehran has suspended the negotiations with the US. &nbsp;
Contributing to the dwindling stocks of jet fuel is a new ban on exports by Russia, set to last until the end of November.&nbsp;
Business Correspondent Vicky Pryce told Francesca Rudkin airlines are also beginning to be affected in terms of the value they have in the stock markets.&nbsp;
LISTEN ABOVE&nbsp;

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

Vicky Price: Business Correspondent on rising oil prices, jet fuel stocks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1bc63840-f034-4275-84d7-b45c017f4440/transcript