New Zealand's fuel supply chain is facing unprecedented pressure as ongoing conflict in Iran disrupts the Strait of Hormuz, through which approximately 20 percent of the world's oil and gas typically flows. Z Energy, the country's largest fuel importer, is grappling with what industry insiders describe as 'almost vertical' fuel price movements as the crisis unfolds.

Julian Hughes, who leads Z Energy's supply team, highlighted the extraordinary responsibility his company bears during this global fuel crisis, noting that they must constantly adapt to rapidly changing circumstances. The company has previous experience managing supply disruptions from events ranging from pipeline failures and the Russian invasion of Ukraine to severe weather events like Cyclone Gabrielle, but the current Middle East crisis presents unique challenges given the strategic importance of the Hormuz shipping route to New Zealand's energy security.