Singapore has introduced a fresh round of support measures worth close to $1 billion as rising energy prices and global instability threaten to push inflation higher.

At the same time, a newly announced ceasefire agreement between the United States and Iran offers a brief window of relief for global markets, but uncertainty remains.

So how far can these measures go in cushioning the immediate impact and is Singapore prepared for a more prolonged period of global volatility?

On The Big Story, Debbie Yong speaks with Dr Mustafa Izzuddin, Senior International Affairs Analyst at Solaris Strategies Singapore and a concurrent Senior Lecturer at the National University of Singapore, to find out more.