Middle East conflict disrupts energy supply, Singapore manufacturing industry impacted.

The manufacturing industry is one of the key industries in Singapore and is highly dependent on energy imports. According to the Singapore Manufacturers' Federation, the recent Middle East conflict has had a significant impact on the country's manufacturing sector, particularly in the areas of crude oil refining, petrochemicals, and semiconductors. As the world's third-largest refinery center and an important oil trading hub, Singapore's refining industry relies heavily on Middle Eastern crude oil supply. After the Middle East conflict, there have been significant delays or cancellations in the delivery of crude oil from the Gulf region, leading to a sharp decline in the operating rates of Singaporean refineries.