US-Iran positions yo-yo
Kia ora.
Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news Trump's Gulf War is back in escalation mode with the two belligerents' trading harsh rhetoric. Which of course means no oil is getting through. Kuwait has declared force majeure on its oil exports due to the US blockade.
Financial markets are reacting with caution, but it seems they remain ready to push up with yet another 'relief rally' if things calm down again…
The skinny
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