The article reports on how the Iran war and closure of the Strait of Hormuz have caused significant global oil supply disruptions, leading to sharp increases in US gasoline prices due to reduced crude oil availability and market volatility.
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How the news corpus has covered this same topic over the last 12 weeks. 1 article from RNZ, Stuff, NZ Herald, ODT, 1News, Newsroom and The Spinoff. Click through to the press view for the full panel.
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Uh well, I think it looks good at this stage anyway, because uh you've got um Donald Trump saying, yes, a deal has been finalized. Um it'll be signed apparently um in Switzerland next Friday. Yeah. Um Donald Trump, they say, may even make the trip himself, along with the um Iranians. So uh, you know, that's that's going to be interesting, but um uh he's saying basically let the oil flow. Now uh he's withdrawn the United States naval blockade from the uh state of Hormuz. So that means obviously that um oil will flow and um it'll be of great relief to New Zealand. And I see the prices, as you've been quoting on the programme this afternoon. That uh magic three dollars a litre for uh 91 octane. If that comes under $3, then the government's deal, this the subsidy deal that's it made it's made to motorists comes off. Now, I think that uh the government was expecting longer to have to pay for this deal, but uh now this is a good one. Yes, it does. Yeah, but it's if it comes down, hopefully uh remains under that three dollars. And just for your information, Heather, I know you weren't interested, but in Australia, petrol there is about half the price of what it is has because why?
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australia's subsidies contrasted with new zealand's market approach
Barry Soper: Newstalk ZB senior political correspondent on what the Middle East peace deal could mean for Kiwi fuel pricesSocial-media signal on the same topic, drawn from the social lens. Engagement is likes + 2×shares + 3×replies, the same weighting used across the digest cards. View on /social →
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