NZ: May 2026 Financial Stability Report media conference

Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed. President DONALD J. TRUMP

*US & IRAN CLOSING IN ON ONE-PAGE MEMO TO END WAR: AXIOS * DEAL WOULD INVOLVE IRAN COMMITTING TO MORATORIUM ON NUCLEAR ENRICHMENT AND U.S. AGREEING TO LIFT SANCTIONS AND RELEASE BILLIONS IN FROZEN IRANIAN FUNDS ALONG WITH LIFTING RESTRICTIONS AROUND TRANSIT THROUGH STRAIT - AXIOS Nothing agreed yet, US sees Iran responses next 48 hours - axios

A significant focus of this Report is on the financial stability impacts of the conflict in the Middle East. Global events of this nature affect the New Zealand financial system through several key channels, including trade, financial markets and cyber risk. • Trade: Higher oil prices and broader economic impacts, partly driven by elevated uncertainty, can ...