Oil prices/Crude oil

Garbage bags sell out in parts of Japan as naphtha shortage spurs stockpiling

Japan's Environment ministry said about 20 municipalities have taken alternative measures in response to the shortage of designated bags, based on confirmed reports.

Fishing boats worldwide tuck dockside as diesel prices surge on Iran war

Fuel is a leading expense for fishing fleets, which might require tens of thousands of gallons to fill their boats.

NATO is starting to consider Hormuz deployment to protect ships

Vessels are seen anchored in the Strait of Hormuz off the port city of Khasab in northern Oman.

Nasdaq leads equity losses with oil, borrowing costs in focus

Traders work on the floor at the New York Stock Exchange in New York City.

Rupiah slumps to new low as high oil prices fuel inflation fears

The rupiah also slumped to 13,804 per Singapore dollar. At this rate, its weakened about 6 per cent to the Singdollar in 2026.

$32 billion and counting: How much Iran war is costing companies globally

The true earnings hit has not yet materialised in most companies’ results.

News analysis

Will Gulf states find new oil pipelines fast enough to reduce Hormuz reliance?

This photo obtained by AFP from the Iranian news agency Tasnim shows an Islamic Revolutionary Guard Corps (IRGC) boat allegedly taking part in an operation to seize ships attempting to cross the Strait of Hormuz, on April 21, 2026. Oil prices had been climbing earlier as investors worried about a lack of progress in ending the Middle East crisis, with Tehran keeping the Strait of Hormuz closed and the US maintaining a blockade of Iranian ports. (Photo by Meysam MIRZADEH / TASNIM NEWS / AFP) /

US Treasury allows sanctions waiver on Russia’s seaborne oil to lapse

The waiver was aimed at easing oil supply shortages and high prices due to Iran’s closure of the Strait of Hormuz.

Trump says Iran war is worth the economic pain. These rural voters agree

Ms Amy Van Duyn is paying twice as much for petrol due to the US' war against Iran, but remains an ardent supporter of US President Donald Trump.

India hikes fuel prices for the first time in four years

Diesel will cost 90.67 rupees (S$1.21) a litre, gasoline will be priced at 97.77 rupees a litre in New Delhi. Prices are now the highest since May 2022.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.