A new front has opened up at the petrol pump, with global oil prices inching closer to $100 USD a barrel, as the Middle East conflict escalates. Earlier today, a tanker was reportedly struck by an unknown projectile off Saudi Arabia's coast. It follows US President Donald Trump threatening to bomb Iranian infrastructure in response to any attacks on ships transiting the Strait of Hormuz. Waitomo group CEO, Simon Parham spoke to Lisa Owen.
