Oil up, equities down, quagmire deeper
Kia ora.
Welcome to Friday’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 of oil jumping while equities slide as surging crude prices stoke inflation fears. Oil tankers are ablaze. Iran said it will keep the Straits of Hormuz closed and there doesn't seem much Trump can or will do about that.
And the Gulf crisis is severely disrupting global air travel.
Meanwhile the IEA says "The war in the Middle East is creating the largest supply…
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