Episode Transcript
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Speaker 1 (00:02):
Good afternoon. I'm Wendy Petrie and this is your afternoon
news for a Wednesday, the eighth of April. Iran says
that it allows ships through the Strait of hor Moos
as part of a ten point ceasefire proposal with the US.
Pakistan's offered to host talks with US President Donald Trump,
with rawing threats to obliterate Iran, and both sides agreeing
(00:23):
to a two week pause in hostilities. Global oil prices
have since plunged below one hundred US dollars a barrel.
As Rael says it supports the decision to suspend all
strikes against Iran, but the ceasefire doesn't include Lebanon, as
Pakistan earlier claimed. The BBC's at David Willis says Iran
suggesting traffic through the strait will be subject to its
(00:44):
military approval.
Speaker 2 (00:45):
That does seem to suggest that the Iranians are still
in control and tend to remain in control of that
vital waterway.
Speaker 1 (00:55):
Prime Minister Chris Luxan says New Zealand's happy the Straight
of hor Moves could open and hopes the season fire
it will hold.
Speaker 3 (01:01):
While it's too early to comment on the specifics of
today's developments. The prospect of a ceasefire is something that
we acknowledge because frankly, New Zealand welcomes all efforts which
bring us towards a lasting, durable end to this conflict.
Speaker 1 (01:13):
The Reserve Bank says events in the Middle Easter and
materially altering New Zealand's economic outlook. It's today opted to
keep the official cash rate on hold at two point
two five percent. Business reporter Michael Sergel runs through the thinking.
Speaker 4 (01:27):
All six Monetary Policy Committee members agreed with today's decision,
which matched expectations. They say the Iran war is significantly
disrupting global supply chains. The committee says that's forcing prices
up and weakening growth, but they can't say how long
or intense those impacts will be.
Speaker 1 (01:45):
In New Zealand says its jet fuel bill has more
than doubled since the Iran War began. Chief executive Nikkeil
Ravashankarras outlined to the impact of rocketing fuel prices, and
an email to customers. Kate Ricard has more.
Speaker 5 (01:58):
The company's fuel bill has surged from about four million
dollars a day to eight point five million, with fuel
rising from about eighty five US dollars a barrel six
weeks ago to more than two hundred. In New Zealand
uses about twenty two thousand barrels a day, but says
it's actively trying to manage costs. It's announced four percent
of flights in May and June are being cut across
domestic and international services.
Speaker 1 (02:21):
Legal action against Conservation Minister's overhaul of stewardship land on
the South Island's west coast Tama Portaka reclassified hundreds of
thousands of hectares of land in December. Rosy Leishman reports.
Speaker 2 (02:35):
Forest and Bird and the Environmental Defense Society have filed
judicial review proceedings in the High Court. They're challenging ninety
nine of Poor Tucker's decisions, saying he failed to protect
ecologically significant public conservation land without the required legal reasoning.
Forest and Bird's Nicky snow Yink says his moves leave
high value places vulnerable.
Speaker 1 (02:57):
To sport and Crusader's duo Code Taylor and Will Jordan
have both been ruled out of their two game swing
in Australia with hamstring and calf injuries respectively. Damien Mackenzie
returns at ten for the Chiefs as they face more
in a PACIFICA key we golfer Ryan Fox expects firm
and fast conditions heading into the ninetieth edition of The
(03:18):
Masters ahead of getting underway on Friday morning, and New
South Wales utility Connor Watson has been granted permission to
leave the Sydney Roosters and negotiate with other NRL clubs.
I'm Wendy Petrie. That's your latest news fix. We'll be
back with the next update tomorrow morning. From the news
Talk set B news Group