Global oil prices are forecast to increase in the wake of US airstrikes against Iran. 

Greg Smith from Devon Funds Management told Mike Hosking analysts are forecasting a rise in oil prices, from anywhere from 5% to 70%. 

Currently, oil prices sit at around $75 per barrel. But Smith warns prices could rise to $130 a barrel. 

The increasing cost of food around the world was also discussed this morning as the price of rice in Japan has doubled due to inflation.  

LISTEN ABOVE

Global oil prices are forecast to increase in the wake of US airstrikes against Iran.&nbsp;
Greg Smith from Devon Funds Management told Mike Hosking analysts are forecasting a rise in oil prices, from anywhere from 5% to 70%.&nbsp;
Currently, oil prices sit at around $75 per barrel. But Smith warns prices could rise to $130 a barrel.&nbsp;
The increasing cost of food around the world was also discussed this morning as the price of rice in Japan has doubled due to inflation. &nbsp;
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Greg Smith: Devon Funds Management says oil prices could rise 70%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/32dc1029-bac6-4fa2-a88f-b304014543e9/transcript

Listen to the Mike Hosking Breakfast Full Show Podcast for Tuesday 20 January.

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

Listen to the Mike Hosking Breakfast Full Show Podcast for Tuesday 20 January. 
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 20 January 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/85728f8f-dc5f-455f-b76b-b3d7014c9c3d/transcript

A couple of green shoots beginning to emerge in the energy sector.  

US owned oil and gas company JETEX has applied for a permit to extract coal seam gas near Huntly, and Australia-based EnZed Energy has lodged an application for an offshore petroleum permit in Taranaki.  

Energy Resources Aotearoa CEO John Carnegie told Mike Hosking this is what the restart of an industry looks like. 

He says we’re seeing a rebuilding of a pipeline of prospects for the future, which means new entrants, new work programmes, and new possibilities.  

LISTEN ABOVE 

A couple of green shoots beginning to emerge in the energy sector. &nbsp;
US owned oil and gas company JETEX has applied for a permit to extract coal seam gas near Huntly, and Australia-based EnZed Energy has lodged an application for an offshore petroleum permit in Taranaki. &nbsp;
Energy Resources Aotearoa CEO John Carnegie told Mike Hosking this is what the restart of an industry looks like.&nbsp;
He says we’re seeing a rebuilding of a pipeline of prospects for the future, which means new entrants, new work programmes, and new possibilities. &nbsp;
LISTEN ABOVE&nbsp;

John Carnegie: Energy Resources Aotearoa CEO on the energy companies applying for oil and gas exploration permits

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/26e1e79f-6aa7-4de5-829a-b3d70153b631/transcript

A timeline of sorts for the new $15 million ASB Classic roof in Auckland.  

2027 is the “dream date”, with a more realistic timeline being before the 2028 tournament begins.  

Tennis Auckland CEO Rohan West told Mike Hosking the consenting and planning phase takes a while and the construction is logistically challenging. 

He says the ASB Classic starts its temporary build in the first week of October, taking about three months to put everything in place. 

This means they have to stop construction on a roof, or have it completed, before that, and while completing the project in seven months is possible, West says, it’s probably unlikely.  

LISTEN ABOVE 

A timeline of sorts for the new $15 million ASB Classic roof in Auckland. &nbsp;
2027 is the “dream date”, with a more realistic timeline being before the 2028 tournament begins. &nbsp;
Tennis Auckland CEO Rohan West told Mike Hosking the consenting and planning phase takes a while and the construction is logistically challenging.&nbsp;
He says the ASB Classic starts its temporary build in the first week of October, taking about three months to put everything in place.&nbsp;
This means they have to stop construction on a roof, or have it completed, before that, and while completing the project in seven months is possible, West says, it’s probably unlikely. &nbsp;
LISTEN ABOVE&nbsp;

Rohan West: Tennis Auckland CEO on the timeline for the new ASB Classic covered court

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6cfda61c-8a09-4aea-82bf-b3d7014b5f84/transcript

Greg Smith: Devon Funds Management says oil prices could rise 70%

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