Oil prices are being influenced by geopolitical tensions, as Trump threatens action against Iran, impacting the costs and stock of companies like DBS and SIA.

1 report, 1 independent Updated Jul 9

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What happened

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Who's involved

What this event is mainly about

DBS Donald Trump SIA

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Attacks on Iran have caused oil prices to rise. All 4 developments

Within The global economy is facing headwinds as the Fed grapples with rising prices, while President Trump's tariffs and the closure of the Strait of Hormuz choke oil supplies.

The entities involved

DBS
German progamer
- DBS, Airwallex, and Mastercard joined Singapore's BLOOM initiative, focusing on stablecoin regulation and tokenized cash adoption.Fri 04:25
Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
- Donald Trump held a party in Palm Beach, met with Brad Cooper, and speculated on launching an offensive against Iran.22:57
- Multiple political developments were reported, including Adam Hamilton's Kansas Senate bid, Trump's support for Marshall, and campaign moves by Peltola and Sullivan.22:57
SIA
- SIA signed an agreement to purchase Sustainable Aviation Fuel (SAF) from Aster's refining complex located on Pulau Bukom in Singapore.20:45

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Jul 9businesstimes.com.sg