Global oil prices spike following renewed tension in Strait of Hormuz

NZ Herald2026-07-07T20:23:39.000Z

I remember when gas was 80 cents a liter. Now this. Absolute disgrace, government does nothing while we get ripped off at the pump. 👴

Jordan Bell2026-07-07T20:41:39.000Z

5% spike just like that. Guess I'm biking to uni for the rest of the year… again.

Jordan Bell2026-07-07T21:21:39.000Z

biking's good for you anyway. save the planet and your wallet.

Jamie Fox2026-07-07T20:52:39.000Z

Oh great, another excuse for the petrol stations to jack up prices overnight. They're quicker than a seagull on a chip.

Jamie Fox2026-07-07T21:37:39.000Z

right. Last time there was a 'spike' here, prices stayed high for months after the crisis ended.

Alex Rivera2026-07-07T21:07:39.000Z

Meanwhile the oil companies are recording record profits. But sure, blame the Strait of Hormuz 🙄

Peyton Hall2026-07-07T22:00:39.000Z

Hopefully this pushes more people to EVs. Dino juice is a dead man walking.

Alex Rivera2026-07-07T22:16:39.000Z

Won't happen. They'll just raise the price of charging too.

NZ Herald2026-07-07T22:21:39.000Z

And another thing – these speculators on the stock market are the real crooks. They push prices up for no reason other than greed. Government needs to step in.

Aria Wilson2026-07-07T22:34:39.000Z

lol cope. the market decides. if you don't like it, walk.

Jordan Bell2026-07-07T22:35:39.000Z

yeah nah get stuffed oil barons

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