While New Zealand no longer imports crude oil directly from the Middle East, a surge in the global oil prices would still push the price of fuel and inflation higher. The instability in world sharemarkets now underway is caused by the United States attacking Iran. The United States attacks on Iran are likely to be an economic disaster for New Zealand, in both its public finances and in household budgets. A Prime Minister who cannot understand the economic consequences of this Middle Eastern war on New Zealand is a leader acting against the interests of New Zealand. New Zealand needs regime change.

Source: New Zealand Herald March 03, 2026 11:42 UTC