PM Christopher Luxon holds post-Cabinet press conference after latest fuel levels revealed

The Government will allow fuel that meets Australian criteria into the New Zealand market as pressures are felt at the pump over the effective closure of the Strait of Hormuz. Associate Energy Minister Shane Jones said the decision would remove 'unnecessary technical barriers' amid a tight global fuel market. New Zealand currently has approximately 46.9 days of combined fuel stock. US President Donald Trump has issued an ultimatum to Iran to open the Strait or face the destruction of their power plants, while Israel reports Iran has developed ICBMs. Petrol has hit $4 a litre in some Auckland suburbs as stations run dry.