Summary
Two months ago, most Singaporeans had never heard of the Strait of Hormuz. Today, it's the reason petrol prices are at record highs, retail diesel has surged 75 percent, and your next flight will cost significantly more.
In this episode of Talking Point, Steven Chia traces what a distant chokepoint means for everyday life in Singapore — from the PHV driver whose $200 cash payout isn’t enough, to the school bus operator on the brink, to the food importer watching prices climb on everything from cheese to flour.
Looking ahead, an oil analyst explains why some fuels will recover fast than others, while Minister of State Gan Siow Huang weighs in on Singapore’s resilience in the face of this crisis.
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