Singapore shares started the week in negative territory, pressured by rising oil prices amid ongoing uncertainty surrounding a potential truce between the U.S. and Iran in the Middle East.
The Straits Times Index fell 8.02 points, or 0.14%, to open at 5,703.09.
Market sentiment was dampened after U.S. President Donald Trump over the weekend reportedly rejected an Iranian proposal for a seven-day ceasefire and the reopening of the Strait of Hormuz to commercial shipping within a week.
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