Best of Business

Kelly Eckhold: Westpac chief economist on what the US-Iran peace agreement could mean for fuel prices

2 min · 15 jun 2026
aflevering Kelly Eckhold: Westpac chief economist on what the US-Iran peace agreement could mean for fuel prices artwork

Beschrijving

An economist says it won't be long until 91 petrol is consistently back down at $2.80. The US and Iran peace agreement to cease hostilities and reopen the Strait of Hormuz is sending positive signals for the global oil industry.  Westpac chief economist Kelly Eckhold says prices will stay low, once ships are moving normally.  "We know that there's pretty low inventories out there around the world at the moment, so we need that supply chain to be working at full tilt for a while so that all of those things can get replenished." LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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aflevering John Ambler and Duane Emeny: NZ Jet owner and Air Chathams CEO on the calls to reform the Civil Aviation Authority artwork

John Ambler and Duane Emeny: NZ Jet owner and Air Chathams CEO on the calls to reform the Civil Aviation Authority

A private jet company boss has voiced concerns about what could happen if there's not reform at the Civil Aviation Authority - and he's taken these worries to the Government. NZ Jet owner John Ambler has heard concerns from former and current CAA staff about the organisation's culture.  He says it includes an erosion of expertise, and operators fearing they'd be punished for raising concerns.  "We are losing experienced people within the civil aviation department at a great rate...it's alarming. And obviously, if these people within the unit aren't able to speak up for fear of reparations - what sort of system have we got?" Meanwhile, Air Chathams CEO Duane Emeny says there was need for change three years ago, and that Minister Simeon Brown acted quickly.  "He got quite a few new board members in, the whole leadership team in the CAA changed and, actually, we can sit here today and say, quite confidently, that we are seeing some of the good and positive outcomes of those changes." LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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