Oil prices/Crude oil

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.

ECB chief economist sees persistent impact on inflation from Iran war

While oil prices historically tended to revert to original levels after a burst of increases, energy costs may stay elevated with countries restocking inventory or diversifying their energy mix.

IndiGo, Air India cut June-July domestic flights amid high jet fuel prices, sources say

IndiGo has cut around 7 per cent to 10 per cent of its planned domestic flights for the period.

Indonesia’s work-from-home policy has cut subsidised fuel use by 9%, says minister

The policy, which came into force on April 1, was introduced in response to global oil prices skyrocketing after the Iran war broke out on Feb 28, 2026.

Explainer: What is behind the rising volume of Russian oil arriving in Singapore?

Analysts said there has been a rising demand for Russian oil in China and India.

Oil rebounds as strikes near Hormuz Strait muddy outlook for Iran deal

Reports of fresh military strikes in Iran clouded the outlook for an interim deal between Tehran and Washington to reopen the Strait of Hormuz.

Oil prices fall more than 5% on hopes of Iran deal

The price of Brent crude dropped as much as 5.1 per cent to US$98.22 per barrel before recovering slightly.

Garbage bags sell out in parts of Japan as naphtha shortage spurs stockpiling

Japan's Environment ministry said about 20 municipalities have taken alternative measures in response to the shortage of designated bags, based on confirmed reports.

Fishing boats worldwide tuck dockside as diesel prices surge on Iran war

Fuel is a leading expense for fishing fleets, which might require tens of thousands of gallons to fill their boats.

NATO is starting to consider Hormuz deployment to protect ships

Vessels are seen anchored in the Strait of Hormuz off the port city of Khasab in northern Oman.

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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.