Millions of barrels remain stuck behind the blocked the Strait of Hormuz. 

The price of crude oil has increased 35% since last week. 

Generate Investment Specialist Greg Smith told Mike Hosking that only a few ships are being getting through. 

He says Chinese ships are getting through as Iran still needs them for revenue. 

The Commerce Commission says international conflicts will affect prices but it expects retailers to keep prices competitive. 

It says it will call out any behaviour which impacts New Zealanders' ability to get a fair price.

LISTEN ABOVE 

Millions of barrels remain stuck behind the blocked the Strait of Hormuz.&nbsp;
The price of crude oil has increased 35% since last week.&nbsp;
Generate Investment Specialist Greg Smith told Mike Hosking that only a few ships are being getting through.&nbsp;
He says Chinese ships are getting through as Iran still needs them for revenue.&nbsp;
The Commerce Commission says international conflicts will affect prices but it expects retailers to keep prices competitive.&nbsp;
It says it will call out any behaviour which impacts New Zealanders' ability to get a fair price.
LISTEN ABOVE&nbsp;

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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,...

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Greg Smith: Generate Investment Specialist discusses global oil prices following Iran closing the Strait of Hormuz

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bfff22c1-b9ec-44a1-90c0-b40701310bdb/transcript