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

[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 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.