Oil prices

Parliament to discuss cushioning S’pore from impact of Middle East conflict; 3 ministers to speak

[SINGAPORE] Measures to cushion the impact of the conflict in the Middle East on Singaporeans will be discussed in Parliament on Tuesday (Apr 7).

Attention remains firmly on energy prices and the closure of the Strait of Hormuz, a waterway crucial for the flow of oil from the Middle East.

Stocks rise, oil pares gain after report of ceasefire talks between US, Iran

STOCKS rose and crude oil pared gains on Monday (Apr 6) as investors cautiously returned to equities, encouraged by indications the Iran-US conflict may be contained.

The crude market has been pitched into turmoil by the war, which triggered an unprecedented supply shock that’s morphing into a global energy crisis.

Oil rises on new deadline as Trump raises the stakes over Hormuz

Control of the Strait of Hormuz remains central to the Middle East conflict

A man fuels up his vehicle at a petrol station in Chicago, Illinois, April 4, 2026.

US inflation seen spiking in first snapshot since Iran war

Oil prices have climbed to almost US$120 a barrel last month

 the sharp spike in oil prices from the Iran war has rekindled inflation concerns, with market participants repricing interest-rate expectations for this year.
CHARTPOINT

Further downside expected for the Philadelphia Semiconductor Index

It could continue to pull back towards the 6,400 level, representing a 10.6% downside from the current price

With the oil flows from the Persian Gulf throttled by the Iran war, such a move by Opec+ would be theoretical.

Opec+ plans symbolic oil quota hike amid war, delegates say

Key members have an agreement in principle to increase production targets by about 206,000 barrels per day

Irregular practises include delayed maritime deliveries to profit from rising prices, refusals by depots to supply fuel to retailers and the diversion of shipments for stockpiling.

Thai PM cracks down on ‘evil’ fuel smugglers to protect supply

The move follows reports of illicit fuel shipments from Thailand into Cambodia

The US-Israeli war on Iran, nearing the end of its fifth week, has removed millions of barrels per day of oil from the global market.

Near-term oil prices hit record premium over later deliveries after Trump vows more attacks on Iran

[HOUSTON] US crude oil futures for immediate delivery next month hit their largest-ever premium over the second-month contract on Thursday, as traders scrambled to secure barrels after US President Do...

US President Donald Trump suggested the war could escalate if Iranian leaders did not give in to US terms during negotiations, with strikes on Iran’s energy and oil infrastructure possible.

Hopes dim for swift end to Iran war after Trump speech; oil prices surge 

Stocks slide, US dollar gains after US president says military operations would be intensified in the next two to three weeks

“If we remove the subsidies, inflation will increase, the cost of capital will increase,” Indonesia's Finance Minister Purbaya Yudhi Sadewa said.

Indonesia commits to low fuel prices to defend growth, stability

Finance Minister Purbaya says the government will rely on a mix of fiscal measures to absorb the oil shocks