Three ministers including the country’s deputy prime minister will make statements on the impact of the Middle East conflict on the trade-reliant nation, according to an order paper for Tuesday’s Parliament sitting. Questions revolved around energy prices, Singapore’s economic strategy as a result of the trade disruptions, helping businesses and households cope with price shocks, as well as thresholds for fiscal intervention. Prime Minister Lawrence Wong said last week he convened a crisis ministerial committee to coordinate Singapore’s response to the impact of the war and warned that the “worst may not yet be behind us”. The city state last month warned that household and business should brace for higher and more volatile energy costs, after the near closure of the Strait of Hormuz has disrupted global energy flows.

Source: The Edge Markets April 06, 2026 07:29 UTC