1-on-1 in 10 clip: Economist Cameron Bagrie – Fuel Crisis Warning: NZ Faces Inflation Surge & Diesel Supply Risk

Leading economist Cameron Bagrie warns New Zealand could be heading into a major fuel and economic crisis.

In this 1-on-1 in 10, we break down the real-world impact of global conflict on fuel supply, inflation, and the New Zealand economy.

With growing threats to global oil routes and supply chains, the risks are no longer theoretical — they are unfolding in real time.

In this interview:

• Why inflation forecasts were too low
• The global fuel choke points (Strait of Hormuz & Bab al-Mandab)
• What six months of disruption could mean for New Zealand
• Diesel shortages and why they matter more than petrol
• The economic domino effect — exports, transport, and supply chains
• Risk management failures in New Zealand’s infrastructure
• Why this could rival the 1970s oil shock
• The difference between a cost-of-living crisis and an income crisis
• Productivity stagnation and long-term economic risk

As fuel prices rise and supply chains tighten, one question remains:

Is New Zealand prepared — or are we already behind?