Best of Business

Kelly Eckhold: Westpac Chief Economist on oil prices dropping amid Iran deal negotiations

5 min · 31 de may de 2026
Portada del episodio Kelly Eckhold: Westpac Chief Economist on oil prices dropping amid Iran deal negotiations

Descripción

Oil prices fell significantly throughout last week as discussions regarding an Iran deal continued to take place. Prices are down around 8 percent for the week with Brent crude around $91 a barrel. Westpac Chief Economist Kelly Eckhold says rumours regarding an imminent Hormuz opening agreement caused prices to drop on Friday, but things aren't fully stable. "Mediators had sent a proposal to Trump for an agreement and then noted on his Truth Social account that he was going to make what he called a 'final determination' on the Iran issue. He was in this meeting, but we weren't that lucky."  LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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episode Hayley Horan: Wellington Chamber of Commerce CEO on the canning of the Golden Mile project artwork

Hayley Horan: Wellington Chamber of Commerce CEO on the canning of the Golden Mile project

Businesses in the capital are looking forward to more certainty, with the controversial Golden Mile project now officially canned.   Councillors voted yesterday to scrap the CBD upgrade plan in favour of more modest upgrades.  It follows a review last week finding further budget blowouts were likely.  Wellington Chamber of Commerce Chief Executive Hayley Horan told Mike Hosking businesses want a more vibrant city and are now feeling like they're at the table.   She says the years of reviews and re-scopes have been exhausting, so having a decision beats another year of limbo.   LISTEN ABOVE  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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