While Opec+ has pledged to add supply, the physical constraint of shipping lanes remains the primary risk to Asian inflation readings.

Oil spikes stir inflation risk: which Singapore stocks are the most defensive – and vulnerable?

The situation can also lead to a ‘higher-for-longer’ interest rate environment

In crisis conditions, gold trades more as a risk hedge than as a currency alternative.

Gold extends gains as Middle East war boosts safe-haven demand

A stronger greenback typically makes dollar-denominated assets such as bullion more expensive for other currency holders

Boats docked in a fishing area in the Strait of Hormuz amid the US-Israeli conflict with Iran, in Musandam, Oman, March 2, 2026. The strait is the world’s most vital oil export route.

Iran vows to attack any ship trying to pass through Strait of Hormuz

About 20 per cent of the world’s daily oil consumption passes through the strait

US Secretary of State Marco Rubio speaks to the media on Capitol Hill in Washington, D.C., March 2, 2026.

US will take action to mitigate oil price spike for Americans, Rubio says

Average US retail petrol prices crossed US$3 a gallon for the first time since November on Monday

Brent crude futures rose as much as 13 per cent to US$82.37 a barrel on Monday, the highest since January 2025, before settling 6.7 per cent higher at US$77.74 a barrel.

Oil and gas prices surge as Iran war disrupts Middle Eastern output

A three- to four-week disruption on Strait of Hormuz traffic could force Gulf producers to shut output and push Brent above US$100, said JPMorgan

Oil prices could exceed US$100 if a “larger disruption persists”, said one analyst.

Iran crisis puts Asia on alert for LNG scramble and US$100 a barrel oil

The region’s petrochemical refiners could also experience disruptions to feedstock supply

The MOU with Korea Hydro & Nuclear Power is Singapore’s latest initiative to shore up its nuclear energy capabilities.

EMA, South Korean energy company to collaborate on nuclear energy

The parties will conduct joint studies of small modular reactors for potential applications in the city-state

Olam Agri, which sells grains and seeds and makes everything from edible oils to pasta, is one of Olam Group's main units.

Olam to guarantee US$100 million loan for Olam Agri until unit is sold

The group is selling its 44.58% stake to Saudi Agricultural and Livestock Investment Company

The surge in renewable energy is allowing China to meet growing power demand without increasing emissions, but their intermittency is straining the grid.

China’s five-year plan to target fixes to commodities supply

Beijing wants to strengthen resilience in some areas and ease cutthroat competition in others