Earlier this week, the United States struck three of Iran’s nuclear sites, marking the first time that the United States had directly struck Iranian soil. Although a ceasefire between Israel and Iran was recently achieved, the monumental change in the US's approach to the fighting between Iran and Israel, leading to speculations about regional tensions that almost instantaneously affected fuel prices and the stock market.

Oto spoke with Stephen Hoadley, a retired associate professor from the University of Auckland about the US strikes on Iran and their potential impacts on fuel prices and the global economy.