Singapore’s oil product inventories have fallen to a 13-year low, driven by ongoing supply disruptions in the Middle East. The decline is directly linked to escalating tensions between the United States and Iran, impacting regional energy flows. This situation raises concerns about potential price volatility and supply security for the key Asian oil hub. Reduced availability stems from disruptions to shipments navigating the Strait of Hormuz, a critical global oil transit route. Analysts suggest the low reserves could prompt Singapore to increase oil imports from alternative sources. The current situation underscores the vulnerability of global energy markets to geopolitical instability in the Middle East. Further escalation of conflict could exacerbate the supply crunch and push prices higher.