Singapore

Singapore faces significant vulnerability due to its 100% energy and 90% food import dependency, with direct exposure to Strait of Hormuz disruptions. Gasoline prices are elevated at $2.35/L, and critical Qatari LNG supply disruptions are severely impacting power generation. While Singapore maintains 60 days of oil reserves and has low food risk, the ongoing conflict strains its highly integrated economy. The outlook for the coming weeks remains challenging, with continued pressure on energy supplies and prices despite strategic reserves.