Iran Has the US in a Doom Loop

The 'deal' between the US and Iran hands Iran a huge win. Key in all this is the next 60 days. Over that time, while the final deal is being drafted, global oil reserves will be run down more and yet only a trickle of oil will leave the Persian Gulf. Moreover, oil that does get out will take time to process when it arrives at refineries. Iran can simply shut down the Strait of Hormuz again and completely crush its enemies.

Fuel Prices Set to Spike

The utter stupidity of the New Zealand government is now on full display as the price of fuel is set to rise following the outbreak of war in the Middle East.

New Zealand has its own oil, but no ability to refine it. That's because the NZ government allowed its one refinery to close down. 

Get working now you cockwomble NZ government. Get that refinery up and running again, pronto.