Singapore Dollar Consolidates; U.S. Blockade of Iran in Focus -- Market Talk

Dow Jones10:59

0259 GMT - The Singapore dollar consolidates against its U.S. counterpart in Asian trading, but could be weighed by prospects of an extended blockade of Iranian ports. The Wall Street Journal reported, citing U.S. officials, that President Trump has instructed aides to prepare for an extended blockade of Iran. In recent meetings, Trump has decided to continue squeezing Iran's economy and oil exports by preventing shipping to and from its ports. Continued supply disruptions could keep oil prices elevated, hurting oil-importing economies like Singapore. The U.S. dollar is little changed at S$1.2763. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 28, 2026 22:59 ET (02:59 GMT)

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