Oil Shock Rattles Markets as Singapore Debates Political Pay and Artistic Boundaries

Brent crude topped $101.94 as US-Iran strikes and Saudi-Houthi clashes choke the Strait of Hormuz, sending Asian equities into a tailspin. Singapore's market wasn't spared; the STI fell as investors braced for higher inflation and potential rate hikes from the Federal Reserve and ECB. With US diesel at a record $6 a gallon, the oil shock is no longer a distant threat—it's at the gas pump. The crisis, now in its seventh month, shows no sign of abating, keeping traders on...