Singapore Stocks Drop 0.45% as US Iran Sanctions Threat Lifts Oil to 3-Week High

3 articles · Updated · Yahoo Finance · Aug 21

The Straits Times Index opened down 25.3 points, or 0.45%, at 5,646.560 on Friday, extending a weak start for Singapore equities.
Scott Bessent said the US is ready to impose the "toughest sanctions in history" on Iran after the two sides failed to reach a resolution to the Middle East crisis.
Oil prices climbed to more than a three-week high on Thursday after the sanctions threat, adding to geopolitical uncertainty and souring regional risk sentiment.
The move highlights how escalating US-Iran tensions are feeding directly into Asian markets through higher energy prices and broader risk aversion.

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