TLDR & TLDL: Oil prices jumped as high as US$120/bbl overnight as the unravelling of Russia from the global economy proves more inflationary and financially trickier than most expected. (Paid subscribers can read more on what this means for Aotearoa-NZ below the paywall fold and hear me talk about it in the podcast above.)
Elsewhere in the news this morning:
this morning the clean up continues of the grounds and streets around Parliament after Police moved in yesterday to end a 23-day occupation by anti-vaxx protestors, leading to riots, fires, brick-throwing, 65 arrests and three officers requiring hospital treatment (RNZ, Stuff);
The Ministry of Health announced this morning it had launched a ‘Request RATs’ website where anyone can order Rapid Antigen Tests for free and then pick them up from a range of collection sites, including 146 collection sites, 106 testing centres, and 21 providers; and,
Russian oligarch Roman Abramovich put British Premier League football club Chelsea up for sale overnight for over US$3b as US President Joe Biden pledged in his State of the Union address that the US Justice Department and European authorities would go after oligarchs supporting Putin and seize their yachts, jets, homes and cash.
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