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The Big Story: Oil is back above US$100. What does it mean for Singaporeans?

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MONEY FM 89.3

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local a 
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Oil prices have surged back above US$100 a barrel as attacks disrupt key energy and shipping routes across the Middle East.

A drone strike has shut down part of Saudi Arabia’s East-West pipeline, threatening a route that can move Saudi crude without passing through the Strait of Hormuz. Meanwhile, vessels have come under attack in the Strait of Hormuz, with tensions also rising around the Bab el-Mandeb, two critical chokepoints for global energy shipments.

So how serious is the threat to global oil supplies? And if higher oil and shipping costs persist, how could this ripple through to Singapore?

On The Big Story, Hongbin Jeong speaks with Mukesh Sahdev, Founder and CEO of XAnalysts, to find out more. 

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Your Way Home with Hongbin Jeong

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s bigges 
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