There's concerns about what the ongoing conflict in the Middle East could do for oil prices and inflation.

Iran's sent retaliation strikes across the Middle East after US and Israeli attacks killed their Supreme Leader, Ayatollah Ali Khamene.

Infometrics Principal Economist Brad Olsen unpacked the short and long term concerns.

LISTEN ABOVE

There's concerns about what the ongoing conflict in the Middle East could do for oil prices and inflation.
Iran's sent retaliation strikes across the Middle East after US and Israeli attacks killed their Supreme Leader, Ayatollah Ali Khamene.
Infometrics Principal Economist Brad Olsen unpacked the short and long term concerns.
LISTEN ABOVE

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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Brad Olsen: Infometrics Principal Economist on the economic implications of the ongoing crisis in the Middle East

Business leader Fraser Whineray reveals his idea for KiwiSaver 2.0

Business leader Fraser Whineray reveals his idea for KiwiSaver 2.0

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The conflict has seen oil prices jump, and could mean higher costs at the pump.

But Finance Minister Nicola Willis says it doesn't mean we need to re-think the Marsden Point oil refinery.

It ceased refining operations in 2022 and has been converted to an import-only fuel terminal.

Willis says it would still have needed to import the oil - but adds there's some resilience in the system.

"Last year, the Government made changes to regulations, which mean that fuel suppliers in New Zealand have to keep 28 days worth of fuel on supply."

LISTEN ABOVE

The conflict has seen oil prices jump, and could mean higher costs at the pump.
But Finance Minister Nicola Willis says it doesn't mean we need to re-think the Marsden Point oil refinery.
It ceased refining operations in 2022 and has been converted to an import-only fuel terminal.
Willis says it would still have needed to import the oil - but adds there's some resilience in the system.
"Last year, the Government made changes to regulations, which mean that fuel suppliers in New Zealand have to keep 28 days worth of fuel on supply."
LISTEN ABOVE

Nicola Willis: Finance Minister on what the Middle East conflict could do to oil prices

Debate suggests a change is needed

Brad Olsen: Infometrics Principal Economist on the economic implications of the ongoing crisis in the Middle East

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