Strait of Hormuz Crisis Hits Home: SIA Posts $76M Loss as Trump Threatens Iran

The five-month US-Iran war has effectively blocked the Strait of Hormuz — the chokepoint through which roughly a fifth of global oil flows. Singapore Airlines just posted a S$76 million quarterly net loss after fuel costs exploded by over 78 per cent. That is not an abstraction: higher jet fuel means higher ticket prices, and higher oil means higher electricity bills for every household. The government has already rolled out **S$300 CDC...