The International Energy Agency is rolling out the largest emergency oil release in its history - 400 million barrels - as the Iran conflict threatens energy supplies through the critical Strait of Hormuz.

But what does this mean for global fuel markets?

In Singapore, authorities say the country has several safeguards to ensure energy security, although consumers could still see electricity prices edge higher in the coming months.

So how much higher could electricity prices rise? And could Budget 2026’s U-Save rebates help cushion the impact? 

On The Big Story, Hongbin Jeong speaks with David Broadstock, Partner of The Lantau Group, to find out more.