Singapore solar investments save US$97m in fuel costs amid Hormuz crisis
SINGAPORE’S investments in solar energy saved an estimated US$97 million (about RM310 million) in fossil-fuel import costs over five months in early 2026, helping shield the city-state from higher energy prices triggered by the Strait of Hormuz crisi...
Trafigura is preparing to list a new fleet of 14 supertankers. This move comes as disruption in the Middle East is turning shipping capacity into a highly valuable asset in the energy industry, according to Arabian Business.
The Strait of Hormuz crisis has triggered higher energy prices. Singapore's investments in solar energy saved an estimated $97 million in fossil-fuel import costs over five months in early 2026, as reported by The Vibes.
The savings were mainly from avoided natural gas imports, including around $40 million in additional costs that Singapore would have incurred due to the premium on gas prices caused by the Hormuz disruption, The Vibes also reported.
Brief written by urgent.news from Arabian Business, The Vibes — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- The $500m bet on record tanker rates created by the Hormuz crisis arabianbusiness.com
