Energy crisis

US Fed says Iran war driving ‘moderate-to-strong’ inflation

The US Fed said energy costs linked to the Middle East conflict continue to fuel inflation, pushing up prices across shipping, packaging, groceries, and fertilisers.

Bangladesh raises electricity prices in latest Middle East war-related hike

Repeated price hikes have added strain on people struggling with long-running inflation which hit 9.04 per cent in April.

CEO Insights

More buzz around EVs, alternative energy sources due to Iran war: OCBC chief sustainability officer

OCBC group chief sustainability officer Mike Ng says the full energy transition will take several decades and its progress will not be linear.

Japan faces shortage of bananas as Middle East impact spreads

Japan ships bananas in while they are still green, then ripen them in rooms filled with ethylene before bunches reach store shelves.

Asia rice prices surge 20% in May as war, weather threaten output

Farmers across import-reliant Asia are bracing for the high input costs to start weighing on rice production

Iran war raises airfares for haj pilgrimage to Saudi Arabia

The war in Iran has disrupted air traffic across the Gulf since February and resulted in record prices for jet fuel, leading to higher ticket fares for those seeking to travel to the sacred city of Mecca.

From oil to coffee beans: Traders in Singapore find ways to deal with Middle East disruptions

Some 350 global commodity traders have a significant presence in Singapore.
Ships anchored off Marina Bay and East Coast Park as seen during flight on plane on Dec 1, 2024. Three tracts of land could be reclaimed off East Coast Park in the coming decades, creating about 800ha of land for new homes and other amenities, as well as a new reservoir. Called the Long Island, these land tracts are Singapore's response to the threat of rising sea levels and inland flooding in the East Coast area. Can be used for stories on budget, money, oil, goods, business, shipping, cargo, reclamation, supply, trade, and vessel.

Quad foreign chiefs to discuss energy security, push for leaders’ summit

Since the launch of US-Israeli strikes on Iran on Feb 28, fuel price surges have underscored vulnerabilities in energy security.

The Iran war is coming for your Diet Coke

Screens displaying advertisements for an upcoming "Diet Coke party" in New Delhi, India, on May 5, amid an aluminium can shortage caused by the closure of the Strait of Hormuz.

Bangladesh invites bids for oil and gas exploration amid fuel crunch

Motorists queueing to refuel their motorcycles at a fuel station in Dhaka, Bangladesh, on March 15. The country's fuel crunch has prompted long queues at petrol stations and power cuts.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.