US-Iran Deal: Could It Ignite New Zealand’s Economic Recovery?

New Zealand’s economic recovery is gaining momentum as falling global oil prices and a stabilization of supply chains provide immediate relief to consumer pockets. According to data from Stats NZ, petrol prices dropped 3.8% in May, while diesel costs fell by 11.4%. Finance Minister Nicola Willis characterizes the current environment as a recovery that was … Read more

US-Iran Deal: Will New Zealand Fuel Prices Drop?

Brent crude oil prices fell more than 4% to approximately US$82 a barrel on Monday following news that the United States and Iran reached a memorandum of understanding. This price drop follows a period earlier in the Middle East conflict when Brent crude exceeded US$120 a barrel. While the drop represents a significant shift, analysts … Read more