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The Government is considering its options if petrol prices keep rising, but the head of Freightways is warning people not to panic.
The conflict in the Middle East has entered its third week, but the Finance Minister has ruled out measures like reducing the fuel excise.
Freightways CEO Mark Troughear says there's plenty of fuel in the country and more on the way - and there's plenty of supply to keep things going.
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The conflict in the Middle East has entered its third week and there's concerns about what it could do to the markets.
Iran's still restricting movement through the shipping strategic choke-point as part of its retaliation for the relentless bombing by the US and Israel.
Harbour Asset Management expert Shane Solly explained further.
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There's hopes the war in Iran doesn't reverse gains in our retail sector by making shipping more expensive.
Stats NZ data shows back-to-back increases in electronic card spending for January and February.
Retail NZ chief executive Carolyn Young says it's not happened in a long time.
She says it would be a shame if the conflict dampens the upward trend.
"Let's hope it's a short, sharp thing and we can get back to business as usual."
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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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New Zealand Winegrowers are on Cloud Wine over proposed Government changes to alcohol laws.
They include allowing licensed premises to meet legal obligations by stocking zero-alcohol drinks.
Currently, licence holders must stock 'low alcohol' products containing no more than 2.5 percent alcohol.
Chief executive Phillip Gregan says it's a common sense change.
"Frankly, I'm not sure that there are any wines less than 2.5 percent, they tend to be slightly higher than that, or just zero."
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