Iran-US Firefight Sends Oil Surging, SG-Indonesia Go Local on Currency, and Banks Battle for Wealth Talent

The Strait of Hormuz remains shut after the United States struck an Iranian island and Tehran retaliated with attacks on US military targets — the first exchange of fire between the two adversaries in over a month. President Donald Trump vowed to respond "hard," while Iran's President Masoud Pezeshkian signalled Tehran still seeks a negotiated end. For Singapore, a nation deeply reliant on Middle Eastern energy imports and as a global shipping...