Oil and gas sector

Shares unsettled as oil climbs, earnings loom for AI

Just a handful of ships transited the Strait of Hormuz on July 19 and one was reported to be on fire.

Oil jumps after Middle East attacks hit energy asset, shipping

The US and Iran escalated hostilities over the weekend, including the targeting of ships attempting to transit through the Strait of Hormuz.

Hin Leong’s $3.4 billion claim against Deloitte struck out by apex court

The Court of Appeal has determined that Hin Leong’s trading losses were “not reasonably foreseeable” by Deloitte when it undertook the engagement.

Iran risks overplaying its hand on Hormuz

Video footage taken from Iran’s Revolutionary Guards website claiming to show a missile launch aimed at US targets in the Gulf.

US launches new Iran strikes, reimposes naval blockade

A fire burning at the port of Kish Island in Iran, in a screengrab taken from a social media video released on July 14.

China’s next move may decide whether oil prices soar: Experts

There have been signs that China’s oil imports might soon pick up.

US to reinstate Iran blockade, charge 20% on Strait of Hormuz cargo, says Trump

Control of the Strait of Hormuz, a vital route for global oil supplies, has become one of the main battlegrounds of the conflict.

US seeks free Strait of Hormuz access from Iran, as talks focus on vital waterway

Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on July 9.

Stranded oil tankers finally reach S’pore after months stuck in Mid-East amid US-Iran tension

The Greece-flagged Miaoulis 21 oil tanker took more than four months to reach Singapore to discharge its cargo.

Russian finances get shakier despite short-term bonus from Iran war

Russia has found it increasingly hard to finance its ballooning spending, driven largely by military expenses and the war against Ukraine.

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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.