“ASB has estimated the average household will have to pay $55 a week of additional costs this year as a result of the Iran war and high oil prices,” writes Dan Brunskill in The Spinoff today.

“That money (perhaps $4 billion or more) gets siphoned straight out of New Zealand and into the bank accounts of international oil companies and their shareholders. Very little, if any, gets captured as extra domestic profits that might be recycled into our economy.”

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