Singapore, March 13 -- Singapore has introduced a range of measures to ensure energy security amid conflict in the Middle East, though electricity prices are expected to rise in the coming months, with the government prepared to roll out support measures for residents and businesses.

Minister-in-charge of Energy and Science and Technology at the Ministry of Trade and Industry Tan See Leng said on March 12 that the closure of the Strait of Hormuz due to the conflict will affect global imports of crude oil and LNG from the Middle East, and likely result in higher global fuel prices in the near term.

He added that as the global environment is becoming less certain and stable, fuel disruptions and price fluctuations will become more frequen...