News Summary

• The government will provide targeted support for more severely affected sectors as well as rebates to help offset higher electricity bills.
• “We are entering a more uncertain and unstable phase, with wide-ranging implications for regional security and global energy flows,” Prime Minister Lawrence Wong said.
• President Donald Trump dashed optimism in a prime-time address that the conflict in the Middle East is nearing the end and that disruptions to energy flows will ease.
• Stocks and bonds fell on expectations that oil prices will stay higher.