Singapore on inflation alert as Gulf conflict threatens oil and gas price surge

Singapore on inflation alert as Gulf conflict threatens oil and gas price surge

The Straits Times - Business·2026-03-01 19:00

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SINGAPORE - The Republic may face an inflationary bump with energy prices set to spike following

, bringing oil and gas shipments from the Persian Gulf to a halt.

Brent crude, a major global benchmark for oil prices, could jump by up to US$20 a barrel when trading resumes on March 2, according to Jorge Leon of Rystad Energy.

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