Nicola Willis: Finance Minister on the economic impact of the US-Iran peace deal, fuel crisis

The Finance Minister says it's still too early to say whether we're seeing the beginning of the end of the fuel crisis.  Prices have already fallen significantly since the US-Iran peace deal was announced.  Traders on prediction market Kalshi are now picking the Strait of Hormuz to reopen and be fully back to normal by August.  But Nicola Willis told Mike Hosking while the deal is clearly good news, she's waiting to see how the situation develops.  She says it's still fragile and we've had breakthroughs in the past only to go backwards, so she's not counting her chickens just yet.  LISTEN ABOVE See omnystudio.com/listener for privacy information.