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10 Mar 2026 9:26
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  •   Home > News > Business

    Oil supply concerns are reverberating through the global share market - but the damage could be recoverable

    Oil supply concerns are reverberating through the global share market - but the damage could be recoverable


    Tehran's closed the Strait of Hormuz - in response to US and Israeli bombing of infrastructure and people.

    Now the price for a barrel of crude oil has topped 100 US dollars for the first time since 2022.

    Generate Investment Specialist Greg Smith says it's important investors maintain perspective.

    He says markets get past these crises - America's biggest index, the S&P 500, for example, is up around 80 percent since Russia's invasion of Ukraine.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     10 Mar: Some New Zealand vehicle owners are set to receive a share of 10.9-million dollars following a settlement with manufacturer Hino
     10 Mar: More private sector involvement in our health system could be a cure for some areas of strain
     10 Mar: Some positive signs from international markets overnight
     09 Mar: The Government's working to stay ahead of the effects of the war in Iran
     09 Mar: Insolvencies have spiked – would a law change let more businesses trade their way out of trouble?
     09 Mar: The Iranian conflict has forced crude oil prices over 100 US dollars a barrel for the first time since 2022
     09 Mar: The Prime Minister says he doesn't want to over-emphasise better than expected numbers reported by Treasury last week
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     Today's News

    International:
    How the 'tough guy' of South-East Asia is reshaping Australia's largest neighbour 9:17

    Environment:
    The clean-up's complete after a Navy ship spilled up to 300 litres of oil in Akaroa Harbour 9:07

    International:
    War in the Middle East: France and allies preparing to escort ships through Strait of Hormuz 8:37

    Motoring:
    Both Red Bull Ampol cars will race in the two New Zealand rounds of Supercars starting in a month 8:37

    Environment:
    Mussel farmers are warning plans to discharge partially treated sewage into the ocean, to deal with Christchurch's Bromley stink, could wipe out aqua culture 8:17

    Entertainment:
    Donald Trump says Iranian football players have been 'taken care of' in their bid for asylum 8:07

    Business:
    Some New Zealand vehicle owners are set to receive a share of 10.9-million dollars following a settlement with manufacturer Hino 8:07

    Business:
    More private sector involvement in our health system could be a cure for some areas of strain 7:57

    Motoring:
    Tauranga's State Highway 29A has been closed near Oropi Road, while a diesel spill is cleared 7:47

    Business:
    Some positive signs from international markets overnight 7:37


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