Oil slips below $88 as Hormuz attacks keep traders on edge
Why it matters: Near-stalled tanker traffic and Red Sea threats put millions of barrels a day of supply at risk.
Subject
#Rystad Energy
Brent jumps above $78 as US-Iran fighting hits Hormuz traffic
Why it matters: About a fifth of global oil usually moves through the strait, and vessel traffic reportedly fell to 11 before halting.
Singapore power tariff set to jump in July as gas costs surge
Why it matters: Analysts expect anything from a mid-single-digit rise to as much as 30%, lifting some monthly bills by about S$30.