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It’s been two months since the US and Israel launched their war on Iran, triggering an Iranian retaliation which has resulted in the blockade of the Strait of Hormuz, sending global oil prices through the roof. Here in New Zealand, fuel prices are smashing records amid an already brutal cost of living crisis. But this crisis didn’t come out of nowhere. How did we get here? Who’s to blame? And what do we do to make sure we never end up here again?
By Public InterestIt’s been two months since the US and Israel launched their war on Iran, triggering an Iranian retaliation which has resulted in the blockade of the Strait of Hormuz, sending global oil prices through the roof. Here in New Zealand, fuel prices are smashing records amid an already brutal cost of living crisis. But this crisis didn’t come out of nowhere. How did we get here? Who’s to blame? And what do we do to make sure we never end up here again?