Full steam ahead: How the world is responding to the oil shock
ANALYSIS: The conflict in the Middle East is reinforcing electrification and energy security trends already underway, not resetting the system.
The Ngā Tamariki geothermal plant, near Taupō, expanded earlier this year as part of NZ’s push for more renewable energy.
Sue Walker
Tue, 28 Apr 2026
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The conflict in the Middle East has triggered a renewed and significant oil price shock, resurfacing familiar concerns around energy security, fuel affordability and exposure to geopolitically fragile supply chains. However, unlike previous oil shocks, this episode is unfolding at a time when
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Sue Walker
Tue, 28 Apr 2026
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
