NZ sharemarket falls over 1% as oil prices rise again – Market close

Graham SkellernBusinessDesk·8 Sep, 2026 06:34 AM5 mins to readBrent Crude oil was trading at US$98.37 (NZ$167.39) a barrel, a six-week high following renewed conflict around the Hormuz Strait. Photo / APLeading energy stocks were weaker as the New Zealand sharemarket fell more than 1% on continuing uncertainty in the Middle East and rising oil prices and bond yields. The S&P/NZX 50 Index was particularly weak in the afternoon and then experienced a sharp decline during the brokers’ matching session, closing