There's growing concerns about the economic impacts of the war in Iran.

Crude oil prices have topped $100 US dollars a barrel for the first time since 2022 - and our petrol prices surged another 14 cents over the weekend.

Harbour Asset Management's Shane Solly says these attacks are directly impacting key fuel sources, which has got economists worried about future prices.

LISTEN ABOVE

There's growing concerns about the economic impacts of the war in Iran.
Crude oil prices have topped $100 US dollars a barrel for the first time since 2022 - and our petrol prices surged another 14 cents over the weekend.
Harbour Asset Management's Shane Solly says these attacks are directly impacting key fuel sources, which has got economists worried about future prices.
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

Shane Solly: Harbour Asset Management expert on the economic impact of the war in Iran

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b9c855b6-a261-40e5-b26f-b40800736dc1/transcript

Design constraints have ruled out letting the Crusaders’ matchday horses have a run - in Christchurch’s new stadium.

The six horses have featured at home games since 1996, but the space limits at One NZ Stadium leave just seven metres between the sideline and LED signage.

Venues Otautahi chief executive, Caroline Harvie-Teare, says it's not an unusual layout for a modern stadium, but means the horses would've had to run across artificial turf and natural grass.

"It's not the only reason though, obviously with a roof and with the proximity of the crowd to the playing surface, what that does for the horses is - it creates an environment where they actually need to move faster."

LISTEN ABOVE

Design constraints have ruled out letting the Crusaders’ matchday horses have a run - in Christchurch’s new stadium.
The six horses have featured at home games since 1996, but the space limits at One NZ Stadium leave just seven metres between the sideline and LED signage.
Venues Otautahi chief executive, Caroline Harvie-Teare, says it's not an unusual layout for a modern stadium, but means the horses would've had to run across artificial turf and natural grass.
"It's not the only reason though, obviously with a roof and with the proximity of the crowd to the playing surface, what that does for the horses is - it creates an environment where they actually need to move faster."
LISTEN ABOVE

Caroline Harvie-Teare: Venues Otautahi chief executive on the Crusaders’ matchday horses being retired from the One NZ Stadium

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/27b2caab-3742-45d2-854b-b42c006519bc/transcript

The US President has defended posting an AI-generated image making him appear like Jesus Christ.

It shows Donald Trump in a white robe holding a glowing light, and appearing to heal a sick man.

It was posted just hours after a post criticising Pope Leo and has sparked fierce backlash from both sides of the US political spectrum. 

Massey University's Peter Lineham says the post was clearly 'blasphemous' and even the hardest Christian nationalists in the US will see this as a step too far.

"Trump has no sense of appropriateness around him and he expects his acolytes to sing his praises...when he starts throwing derogatory remarks about the Pope and the like, he forgets at least some sort of boundary." 

LISTEN ABOVE

The US President has defended posting an AI-generated image making him appear like Jesus Christ.
It shows Donald Trump in a white robe holding a glowing light, and appearing to heal a sick man.
It was posted just hours after a post criticising Pope Leo and has sparked fierce backlash from both sides of the US political spectrum.&nbsp;
Massey University's Peter Lineham says the post was clearly 'blasphemous' and even the hardest Christian nationalists in the US will see this as a step too far.
"Trump has no sense of appropriateness around him and he expects his acolytes to sing his praises...when he starts throwing derogatory remarks about the Pope and the like, he forgets at least some sort of boundary."&nbsp;
LISTEN ABOVE

Peter Lineham: Massey University Emeritus Professor of religion on Donald Trump's spat with Pope Leo

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7890e0bc-492c-4650-a30b-b42c005fe0cf/transcript

Another bank is predicting an upcoming OCR raise. 

ANZ has already picked three consecutive Official Cash Rate hikes in July, September, and October.

Now Westpac says it's becoming more of a possibility next month - but is more likely in September. 

Chief economist Kelly Eckhold says the Reserve Bank will work from specific indicators. 

"They're looking for indications that the peak in inflation will be even higher than they currently expect."

LISTEN ABOVE

Another bank is predicting an upcoming OCR raise.&nbsp;
ANZ has already picked three consecutive Official Cash Rate hikes in July, September, and October.
Now Westpac says it's becoming more of a possibility next month - but is more likely in September.&nbsp;
Chief economist Kelly Eckhold says the Reserve Bank will work from specific indicators.&nbsp;
"They're looking for indications that the peak in inflation will be even higher than they currently expect."
LISTEN ABOVE

Kelly Eckhold: Westpac chief economist on the bank forecasting an OCR increase for September

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e4db5691-a9b1-4471-a81b-b42c005aee49/transcript

Shane Solly: Harbour Asset Management expert on the economic impact of the war in Iran

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