The REAL Reasons Why Oil & Electricity Prices Are Increasing Due to the Iran War (opens in new tab)

Business Enquiries: The Blue Cats' Instagram: -------- Petrol prices in Singapore spiked after the joint US and Israeli strikes on Iran on 28 February 2026, followed by Iran’s retaliation against Israeli targets, US military bases in the region, nearby energy facilities and key energy supply routes\. The main reason this matters globally is the Strait of Hormuz, the narrow waterway between Iran and Oman that handles about 25% of the world’s seaborne oil and 19% of global liquefied natural g...