Singapore Braces for Oil Shock as Hormuz Stays Shut and Anti-Scam Rules Tighten

Iran declared the Strait of Hormuz will stay shut until the US lifts sanctions and unfreezes assets, sending Brent crude climbing to US$91.06 a barrel. The standoff pushes Singapore’s energy-reliant economy onto a tighter footing as the 60-day truce expires and Tehran adopts a "fully offensive" military posture.

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The Online Criminal Harms Act Office slapped new anti-scam codes on WhatsApp and Telegram, ordering platforms to verify accounts...