The UK Government has loosened strict sanctions on Russian oil refined into diesel and jet fuel in third countries as prices rise. 

The effective blockade of the key Strait of Hormuz has continued to generate supply chain concerns, and jet fuel and pump prices are getting higher - with no hope for change in sight.

UK correspondent Gavin Grey says experts are predicting fuel prices will go higher in the next few weeks.

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The UK Government has loosened strict sanctions on Russian oil refined into diesel and jet fuel in third countries as prices rise.&nbsp;
The effective blockade of the key Strait of Hormuz has continued to generate supply chain concerns, and jet fuel and pump prices are getting higher - with no hope for change in sight.
UK correspondent Gavin Grey says experts are predicting fuel prices will go higher in the next few weeks.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Gavin Grey: UK correspondent on UK loosening Russian oil sanctions amid fuel crisis

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/abb9bdf3-2760-48ca-8b44-b4500082ef8f/transcript

Labour leader Chris Hipkins doesn't think the public much cares about which companies would be in the party's Future Fund. 

It won't be revealing key details - including the cost to the Crown and which state assets would go into it - until after voters go to the polls.

NZ Herald Wellington business editor Jenee Tibshraeny unpacked the reactions to this announcement.

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Labour leader Chris Hipkins doesn't think the public much cares about which companies would be in the party's Future Fund.&nbsp;
It won't be revealing key details - including the cost to the Crown and which state assets would go into it - until after voters go to the polls.
NZ Herald Wellington business editor Jenee Tibshraeny unpacked the reactions to this announcement.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the reactions to Labour's lack of info on the Future Fund policy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e326bb63-3aa1-4993-8631-b450008131e0/transcript

On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 20 May, 2026, we ask Regulation Minister David Seymour if 267 regulators in New Zealand is too many.

Christchurch Airport chief executive Justin Watson tells us if it's landed three more Air New Zealand international flights because Auckland Airport is charging too much.

In an exclusive interview, we hear why new Breakers coach Gordon Herbert was attracted to the NBL.

And on The Huddle, Jack Tame and Maurice Williamson tell us why they want more detail on plans to slash public servants.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

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On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 20 May, 2026,<a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/david-seymour-regulation-minister-calls-for-consolidation-after-267-different-regulators-discovered-in-new-report/"> we ask Regulation Minister David Seymour if 267 regulators in New Zealand is too many.</a>
Christchurch Airport chief executive Justin Watson <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/justin-watson-christchurch-airport-chief-executive-on-the-new-non-stop-international-flights-announced-from-christchurch/">tells us if it's landed three more Air New Zealand international flights because Auckland Airport is charging too much.</a>
In an exclusive interview, we hear why new <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/gordon-herbert-new-breakers-coach-reveals-what-he-can-bring-to-the-role/">Breakers coach Gordon Herbert was attracted to the NBL.</a>
And on The Huddle,<a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/the-huddle-can-ai-really-benefit-the-public-service-sector/"> Jack Tame and Maurice Williamson tell us why they want more detail on plans to slash public servants.</a>
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.
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Full Show Podcast: 20 May 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/994c3ff4-119b-49c7-b983-b4500076a7d3/transcript

The ongoing conflict in Iran has led to bond yields and interest rates going up all over the world, and it's prompted concerns among experts.

This will impact Kiwis as well, as many KiwiSaver portfolios have taken a hit as a result.

Milford Asset Management's Jeremy Hutton explained further.

LISTEN ABOVE

The ongoing conflict in Iran has led to bond yields and interest rates going up all over the world, and it's prompted concerns among experts.
This will impact Kiwis as well, as many KiwiSaver portfolios have taken a hit as a result.
Milford Asset Management's Jeremy Hutton explained further.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management expert on bond yields and interest rates going up

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ced30ddb-eb73-4e53-9ab3-b450007c1cd1/transcript

Gavin Grey: UK correspondent on UK loosening Russian oil sanctions amid fuel crisis

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