As it happened: Oil prices rise as fall out from Middle East crisis continues

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Source: Radio New Zealand

Prime Minister Christopher Luxon says the government will reveal in the next few weeks how it will support New Zealanders struggling with skyrocketing fuel prices.

He says the country has healthy fuel stocks, and the government’s doing everything it can to secure them.

Oil prices have risen as the fall out continues from the Middle East crisis; Brent Crude oil rose about US$1 to be just above US$113 a barrel in early Asia trade.

It comes after US President Donald Trump vowed to ‘obliterate’ Iran energy facilities if it doesn’t open Strait of Hormuz.

Meanwhile, Auckland Transport is calling for the government to encourage more people to use public transport.

Follow what happened today in our liveblog below:

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

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