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UK Chancellor Reeves said he hopes existing North Sea oil licenses will be respected.

2026-06-25

UK Chancellor Reeves said he hopes existing North Sea oil licenses will be respected.

Other News
2026-06-25

Iraq's prime minister says ties with the United States will shift from a military relationship to an economic partnership.

Iraq's prime minister says ties with the United States will shift from a military relationship to an economic partnership.
2026-06-25

Westpac expects the RBNZ to begin raising the OCR in September but to deliver only one further hike through year‑end. It cites an early resolution of the Iran conflict as weakening the outlook inflation and bringing forward the recovery, reducing the

Westpac expects the RBNZ to begin raising the OCR in September but to deliver only one further hike through year‑end. It cites an early resolution of the Iran conflict as weakening the outlook inflation and bringing forward the recovery, reducing the need for aggressive tightening. Westpac now forecasts an OCR peak of 4.00% at end‑2027, easing to a neutral 3.75% by end‑2028; it had previously forecast a 4.25% peak. The bank says this implies one fewer hike than its most recent forecast but one more than its pre‑conflict projection.
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