Attacks on Gulf energy facilities threaten global supply and push oil prices higher
Escalating conflict in the Middle East is threatening global energy supplies, raising concerns that petrol and electricity prices in Singapore could increase again in the coming weeks.
Middle East Attacks Disrupt Energy Infrastructure
The ongoing conflict in the Middle East has expanded to include attacks on major oil and liquefied natural gas facilities.
Energy infrastructure in Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates has reportedly been targeted by Iranian strikes, while Israel has attacked oil facilities in Tehran.
Oil Prices Spike Amid Supply Risks
The attacks triggered a sharp surge in global oil prices.
Brent crude jumped as much as 29 percent to US$119.50 per barrel before easing slightly, though prices remain significantly higher amid fears of prolonged supply disruptions.
Strait of Hormuz Remains Critical Chokepoint
The Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the Indian Ocean, handles about one-fifth of global oil trade.
Recent hostilities have disrupted shipping routes and triggered multiple maritime security alerts for tanker attacks in the region.
Singapore Faces Rising Petrol and Electricity Costs
Higher global energy prices could soon translate into higher petrol costs in Singapore.
Pump prices have already crossed S$3 per litre and analysts say they could approach the S$4 mark if supply disruptions continue.
Natural Gas Supply Risks Affect Electricity Prices
Singapore generates about 95 percent of its electricity using imported natural gas.
Qatar alone supplies roughly 42.5 percent of the country’s liquefied natural gas imports, meaning prolonged disruptions could place additional pressure on domestic electricity prices.
As tensions in the Middle East threaten key energy infrastructure and shipping routes, global oil and gas markets remain volatile. While Singapore has safeguards in place to manage supply shocks, prolonged disruptions could still push fuel and electricity costs higher in the months ahead.
Sources: Straits Times (2026) , Business Times (2026)
Keywords: Singapore Petrol Price Rise, Middle East Oil Attacks, Strait Of Hormuz Disruption, Singapore LNG Supply, Global Energy Market
