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Iran war: Singapore likely to roll out targeted support in Parliament as energy costs rise

Parliament will discuss the committee’s efforts in more detail when it sits April 7

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Low Youjin

Low Youjin

Published Sun, Apr 5, 2026 · 03:54 PM
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    • As a highly open and trade-dependent economy, Singapore feels energy shocks quickly through higher logistics costs, price volatility and supply chain disruptions.
    • As a highly open and trade-dependent economy, Singapore feels energy shocks quickly through higher logistics costs, price volatility and supply chain disruptions. PHOTO: BT FILE

    [SINGAPORE] As the Iran war enters its second month, raising the risk of a global energy crunch, Prime Minister Lawrence Wong said last Thursday (Apr 2) that the government will help cushion the impact on households and businesses.

    While he did not provide specifics, he said that existing support measures could be enhanced or brought forward to “provide earlier relief”, with ministers to announce more details when Parliament sits on April 7 (Tuesday).

    Industry watchers said that any additional measures are likely to be targeted, given the uneven impact of rising energy and logistics costs across sectors.

    Iran warParliamenteconomyCost of livingBusiness costs

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