‘There is a role for diplomacy here’: Finance Minister Nicola Willis says the Government does anticipate working with fuel companies, if needed, says banks will provide customers 'an umbrella'

Risk appetite is higher on optimism that the worst is over in the Iran conflict, while the reality is that nothing much has changed on the battleground. Brent crude falls to just over US$100/bbl. IEA says more emergency oil stocks available if required

Treasury predicting 3.7% inflation in Iran war 'worst case scenario', Finance Minister Nicola Willis says

'It’s nightmare time for the RBNZ. Supply shocks cannot be handled well by central banks. We have had plenty of recent evidence of this'