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Running on empty?

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Kia ora.

Welcome to Thursday’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 there is a growing sense that the world is close to running on empty the longer the US-Iran flareup carries on.

But markets are ignoring that risk.

In the US producer prices fell -0.3% in June from May, marking the first decline since August 2025 and an unexpected dip. A sharp decline in energy prices is…

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