Winston Peters has delivered NZ First's State of the Nation address - the final one ahead of the looming election.

Peters also announced a National Energy Strategy that would break up power companies, no longer allowing them to control both power and the price.

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New Zealand has just over 50 days worth of petrol, and a week less of diesel, while the war in Iran wages on.

The closure of the Strait of Hormuz continues to impact the global oil supply, and the countries we generally import oil from are considering closing up shop on exports to ensure their own security.

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Prices are up at the pump, auto shops are selling out of jerry cans, and we've seen the reports of thousand litre IBC tanks being filled up at BP.

It's raised the question around whether the closure of Marsden Point has been more harmful to New Zealand's fuel security that we had initially realised.

New Zealand would still be reliant on imports to meet fuel needs, but having the ability to import crude oil rather than just refined oil would likely lift the pressure.

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The Prime Minister's leadership within his own party is being questioned after he didn't fare well in a Taxpayers' Union poll this week.

It has National down 2.9 points to 28.4% - but most notably, it suggests that the centre-left bloc could form a government in November. It'll be very tight though, with 61 seats for the left and 59 for the right.

Luxon sits at 21% for preferred prime minister, while Hipkins is at 22.7%.

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One week on, the war in Iran is progressing by the day.

In the latest, the United States are gearing up to potentially send ground troops into Iran, Australia is considering whether they should send in troops, and New Zealand supports the US but won't involve itself any further.

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The Government has highlighted issues within the KiwiSaver Act that have prevented a number of Kiwis from using their accounts to buy a home.

Many workers in rural areas, like farm workers, rural police and teachers, are often required to live in housing provided by their employer - which stops them from being able to withdraw their KiwiSaver for a first home as they're unable to live in it.

These issues have also stopped farmers from being able to purchase their own farm as it's not covered by current legislation.

Changes announced this morning would remove those barriers.

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A joint US–Israeli strike on Iran overnight has triggered retaliatory missile attacks from Tehran, raising fears of a wider regional escalation.

Iran’s Supreme Leader Ayatollah Ali Khamenei was killed in the strikes - a claim Iran denied until half an hour ago, with officials saying he was “safe and sound” and “actively commanding the field”.

International reaction has been mixed, with some governments condemning the strikes, others urging restraint, and many calling for urgent diplomatic talks.

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On Saturday Donald Trump announced a 10% levy on all goods coming into the US in response to the Supreme Court ruling his other tariffs unconstitutional.

The new global tariffs were updated to 15% on Sunday.

Economist Cameron Bagrie joined Tim Beveridge to talk about the implications for kiwi businesses.

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