And oil prices have jumped after Donald Trump suggested there’s no immediate end to the blockade of the Strait of Hormuz.
And oil prices unlikely to return to pre-war levels in a hurry.
How Haysley MacDonald turned a family farming operation into Te Pā Family Vineyards, a Marlborough wine business now exporting to 26 countries.
Overseas earnings and domestic datasets will be closely watched this week.
Also this week: Netflix guidance, Allbirds pivots, Spirit’s future hangs in the air, and the Iran war dampens luxury spending.
And the UK and China’s economies expand faster than expected in the March quarter.
In case you missed it: News bites for the week.
Our weekly collection of news bites, hot takes, and gossip around the town.
The company, which was once worth more than US$4b, earlier this month announced a deal to sell its assets for US$39m.
And eight children have been killed in a school shooting in Türkiye.
