ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Continued Strait of Hormuz disruption could deal blow to NZ's economic recovery

Author
Newstalk ZB,
Publish Date
Thu, 5 Mar 2026, 8:49am
Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Increased maritime traffic led to a buildup of vessels waiting near Dubai, highlighting the strategic importance of the strait, which handles 20 percent of global energy trade. (Photo by Stringer/Anadolu via Getty Images)
Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Increased maritime traffic led to a buildup of vessels waiting near Dubai, highlighting the strategic importance of the strait, which handles 20 percent of global energy trade. (Photo by Stringer/Anadolu via Getty Images)

Continued Strait of Hormuz disruption could deal blow to NZ's economic recovery

Author
Newstalk ZB,
Publish Date
Thu, 5 Mar 2026, 8:49am

New Zealand's economic recovery could be put at risk by disruption in the Strait of Hormuz.  

Westpac modelling shows if it was to stay closed for a month, it would put inflation over 4% and knock half a percent off GDP. 

Senior Economist Kelly Eckhold told Mike Hosking we're much more vulnerable than Australia when it comes to energy.  

He says we only have a few weeks of key petroleum products sitting in the tanks, and after that we’re relying on boats turning up to meet our needs. 

LISTEN ABOVE  

Take your Radio, Podcasts and Music with you