NPR.

This is the Indicator from Planet Money.

I'm Darren Woods, joined today by producer Cooper Katz McKim.

Daryan Woods, hello.

Welcome to the studio.

Thank you.

We're now seven weeks into a war focused in the

Middle East, yet no one is free from its impact. The closure of the Strait of Hormuz has caused a seismic supply disruption.

It makes sense. About 20% of global oil passes through the Strait of Hormuz, and the impact, oil prices have skyrocketed, with another jump

above $100 a barrel, after news of the U.S. blockade of Iranian ports in the strait.

Last week, we heard stories of Americans feeling the pinch of high oil prices. But in other parts

of the world, people are facing blackouts, fuel rationing, even concerns of actually running out of oil completely.

So, in today's episode, how three nations are handling the global oil crisis.

We look at New Zealand, where fuel stocks are worryingly low, Zimbabwe, who's facing one of the highest fuel prices in Africa,

and China, who is actually handling this situation pretty well.

Our story begins in the homeland of our very own host, Darien Woods.

And not just because it's my homeland. Now, we were curious about New Zealand because it's

particularly vulnerable. Despite being a higher income nation, it sits at the end of a supply

chain for oil. To learn how they're doing, we actually reached out to someone from your past life,

Daryon. Derek Crampton. Darien Woods. It's been some time. And so, full disclosure,

you taught one of my courses in undergraduate economics. What did you grade him? You can,

you can admit it.

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