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‘A global energy crisis’ – Fuel price hike looms for Pacific amid Iran war

March 4, 2026

By Kaya Selby, RNZ Pacific journalist Analysts are warning fuel prices are expected to jump in the Pacific following the Israeli and US attacks on Iran, and the retaliatory response by Iran. Iran borders the Strait of Hormuz, which carries 20 percent of the world’s oil and gas supply, and shipments have been suspended following ... <a title="‘A global energy crisis’ – Fuel price hike looms for Pacific amid Iran war" class="read-more" href="https://eveningreport.nz/2026/03/04/a-global-energy-crisis-fuel-price-hike-looms-for-pacific-amid-iran-war/" aria-label="Read more about ‘A global energy crisis’ – Fuel price hike looms for Pacific amid Iran war">Read more</a>