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Luxon Navigates Oil Crisis with New Trade Deals

3/10/2026

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Luxon Navigates Crisis

New Zealand Prime Minister Christopher Luxon faces fallout from the Middle East crisis as oil prices rise above US$90 per barrel due to the Strait of Hormuz blockade.
The government has finalized trade agreements with the United Arab Emirates (UAE) and the Gulf Cooperation Council (GCC) to deepen ties.
Luxon says New Zealand has limited influence but prioritizes diplomacy, signaling a shift back to the Middle East.

Right

Taiwan Strengthens Defense

Taiwan Defence Minister Wellington Koo said the United States has not contacted Taiwan about weapon transfers to the Middle East.
He stated that any redeployment would require a United States request, which has not occurred amid the US-Iran war.
Taiwan's air force confirmed four MQ-9B SkyGuardian drones are on schedule, with the first two due later this year.
Taiwan faces pressure from China and will continue strengthening its defense capabilities.

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Luxon Navigates Crisis

New Zealand Prime Minister Christopher Luxon faces fallout from the Middle East crisis as oil prices rise above US$90 per barrel due to the Strait of Hormuz blockade.
The government has finalized trade agreements with the United Arab Emirates (UAE) and the Gulf Cooperation Council (GCC) to deepen ties.
Luxon says New Zealand has limited influence but prioritizes diplomacy, signaling a shift back to the Middle East.

1 / 2