As tensions flare in the Middle East, global oil markets are on edge. Here in Singapore, major players like Shell, Caltex, Esso and Sinopec have raised 95-octane prices to around $2.92 a litre.

Behind the spike? Growing fears that supplies could be disrupted through the Strait of Hormuz, one of the world’s most critical energy chokepoints.

But this isn’t just a story for motorists. Singapore depends heavily on imported energy, especially natural gas and LNG, to keep the lights on and businesses running.

So could higher oil prices feed into broader inflation pressures? And for drivers, should we brace for even more pain at the pump in the days ahead?

On The Big Story, Hongbin Jeong speaks to Song Seng Wun, economic advisor at the SDAX investment platform, to find out more. 

As tensions flare in the Middle East, global oil markets are on edge. Here in Singapore, major players like Shell, Caltex, Esso and Sinopec have raised 95-octane prices to around $2.92 a litre.
Behind the spike? Growing fears that supplies could be disrupted through the Strait of Hormuz, one of the world&rsquo;s most critical energy chokepoints.
But this isn&rsquo;t just a story for motorists. Singapore depends heavily on imported energy, especially natural gas and LNG, to keep the lights on and businesses running.
So could higher oil prices feed into broader inflation pressures? And for drivers, should we brace for even more pain at the pump in the days ahead?
On The Big Story, Hongbin Jeong speaks to Song Seng Wun, economic advisor at the SDAX investment platform, to find out more.&nbsp;

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.