Iran Reaction | New Zealand Iran Reaction
Shaw and Partners Director Andrew Kelleher comments on the market reaction to escalating tensions involving Iran, which have driven a sharp rise in oil prices and weighed on global markets. He also highlights the importance of the Strait of Hormuz for global energy supply and the uncertainty surrounding when normal shipping may resume. Additionally, he touches on the weaker performance across Asian equity markets relative to the US, the potential flow-on effects of higher energy costs on areas such as fertilizer and food prices, and the recent volatility seen in the local interest rate market. Then, onto market figures.
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