Crude oil prices surge past US$110 a barrel; New Zealand and Asian share markets tumble as 'reality' sinks in; Teens arrested after returning for cannabis-filled bag left outside op shop.
Crude oil prices surge past US$110 a barrel
Oil prices have eclipsed US$110 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East.
In New Zealand, a surge of drivers are filling up as tensions in the Middle East push global oil prices higher.
New Zealand and Asian share markets tumble as 'reality' sinks in
New Zealand and Asian share markets have tumbled as concerns mount about over the war in the Middle East and its impact on the world economy.
The benchmark NZX 50 fell 3% in mid-Monday afternoon trading, while across the Tasman, the ASX 200 fell 4%.
Teens arrested after returning for cannabis-filled bag left outside op shop
Police offered two teens little charity after a bag containing cannabis and cash was left outside an op shop in Southland.
A volunteer at the store discovered the bag and took it inside, initially assuming it was a routine donation.
Watch: 'Secretive figure' takes over as Iran's new Supreme Leader
There has been only one other transfer of power in the office of supreme leader since the Islamic Revolution almost a half-century ago.
ONE VOLATILE MARKET
It's tempting in times like these to panic and withdraw KiwiSaver and other investments, but Frances Cook believes it's best to sit tight and wait for the "anxiety premium".
New Zealand may be far from the main conflict, but the financial ripples are very real.
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