The Government's yet to make a call on whether New Zealand would ease sanctions on Russian oil, as the Iran war affects shipments.

The US has eased some of its sanctions, as its barrage on Iran continues - alongside Israel.

Crude oil prices have skyrocketed since Iran stopped ships traversing the Strait of Hormuz.

Finance Minister Nicola Wills is urging Kiwis not to panic, as there's plans in place to keep households supported. 

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