Oil prices/Crude oil

UAE envoy to UN urges de-escalation of US-Israeli war with Iran

FILE PHOTO: A person rides on a scooter as smoke rises in the Fujairah oil industry zone following a fire caused by debris after interception of a drone by air defenses, in Fujairah, United Arab Emirates, March 3, 2026. REUTERS/Amr Alfiky/File Photo

Oil output, exports knocked by Iran conflict as prices surge

Motorcycle drivers queue while a worker fills up a motorcycle at a gas station as oil prices are expected to increase amid the U.S.-Israel conflict with Iran, in Quezon City, Metro Manila, Philippines, March 9, 2026. REUTERS/Lisa Marie David

G-7 to discuss joint release of emergency oil reserves amid Mid-East war

Motorists queueing at a petrol station in Quezon City, the Philippines, amid rising prices on March 9.

The oil pipelines that could decide the Iran war

The East-West pipeline's raison d’être is to meet this historic moment: Iran’s closure of the Strait of Hormuz.

Filipinos race to fill tanks ahead of petrol price jump

A gas station attendant told AFP that the number of vehicles the station handled in a day had doubled to about 1,000.

IMF urges preparation for ‘unthinkable’ amid Mid-East conflict

IMF head Kristalina Georgieva warns that a 10 per cent hike in energy prices persisting for a year may push global inflation by 40 basis points.

Global bond sell-off deepens as oil spike stokes stagflation fear

Crude oil has spiked almost 80 per cent since the Iran war began and disrupted shipments from the Middle East.

G-7 to discuss joint release of emergency oil reserves, FT reports

G-7 finance ministers will discuss the proposal on March 9.

Governments’ actions in response to oil price surge and the escalating Middle East conflict

Tankers have anchored in the Persian Gulf as Iran vows to close the Strait of Hormuz amid the US-Israeli conflict with Iran, resulting in tightening stock of oil across the globe.

News analysis

Singapore consumers in for higher petrol, electricity prices as oil spikes past US$100

Consumers and businesses in Singapore may soon see petrol prices rise again after a round of hikes last week.

E-paper

Newsletters

Podcasts

RSS Feed

About Us

Terms & Conditions

Privacy Policy

Need help? Reach us here.

Advertise with us

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