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Ministry of Trade and Industry
3. Parliamentary replies

Written reply to PQs on assessment of effect on SMEs, Singapore's energy policy and most-impacted workers from war in Iran

8 April 2026

Questions: 

Ms Elysa Chen: To ask the Deputy Prime Minister and Minister for Trade and Industry how the Government is assessing the impact of volatility in bunkering fuel prices and shipping costs arising from the Iran conflict and disruptions around the Strait of Hormuz on SMEs in Singapore, particularly those in logistics, food import, retail and e-commerce delivery services. 

Mr Shawn Loh: To ask the Deputy Prime Minister and Minister for Trade and Industry (a) whether there are new lessons for the Government's energy policy from the on-going conflict in the Middle East; and (b) whether the conflict will catalyse or accelerate the Government's policy directions, including (i) diversifying power generation to include nuclear energy and (ii) vehicular electrification to reduce fuel dependency. 

Mr Lee Hong Chuang: To ask the Deputy Prime Minister and Minister for Trade and Industry in light of the current economic climate, to what extent is the Government prioritising immediate cost relief such as subsidies or rebates over long term solutions like energy efficiency and decarbonisation, especially when small and medium enterprises (SMEs) may lack resources to invest in greener technologies. 

Mr Sanjeev Kumar Tiwari: To ask the Deputy Prime Minister and Minister for Trade and Industry in light of the Middle East conflict and its impact on energy prices and supply chains (a) which sectors and groups of workers are likely to be most directly impacted; and (b) what are the Government's plans to cushion the impact on these businesses and workers. 

Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong

1.                  These questions were addressed by the Deputy Prime Minister and Minister for Trade and Industry, the Acting Minister for Transport and Senior Minister of State for Finance, and the Coordinating Minister for National Security and Minister for Home Affairs, in their Ministerial Statements on the Impact of the Middle East Situation on Singapore at the Parliamentary Sitting on 7 April 2026.

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