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

Cameron Bagrie isn’t known for panic — which is exactly why this fuel crisis warning matters. If diesel supply tightens and inflation spikes, this stops being theory and starts hitting every part of the New Zealand economy.
Leading economist Cameron Bagrie warns New Zealand could be heading into a major fuel and economic crisis.
So how bad could this actually get?
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.
Here’s what should worry you
- 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 1970’s 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?







Meanwhile, some Omani oil (super)tankers appear to have left the Persian Gulf by hugging the Oman coastline, thereby bypassing the normal Hormuz route.