Why are markets reacting to US Iran tensions today?

Markets quickly price geopolitical risk. Reports of a possible US strike as early as this weekend raise the chance of supply disruptions and policy surprises. That supports oil, pressures equities, and lifts volatility. Until there is clarity, investors often trim risk, hedge, and wait for confirmed developments.

How could oil prices today affect Singapore inflation?

Higher crude often feeds into pump prices and electricity tariffs within weeks. Singapore has limited fuel subsidies, so pass-through can be faster. A stronger USD can also raise import costs. If the move lasts, MAS expectations and rate-sensitive assets may face more scrutiny as inflation risks get reassessed.

What S&P 500 levels matter if volatility rises?

The index recently sat near 6861.88, with a daily range around 6833.06 to 6879.12. Bollinger bands at roughly 6807 and 7019 define the near-term field. RSI near 48 shows neutral momentum, while ADX near 18 suggests no strong trend. Breaks outside these bands often signal the next leg.

What should Singapore investors watch this week?

Track oil momentum, shipping rates, and company hedging updates. Watch airlines, logistics, chemicals, and REIT utilities costs. Monitor USD/SGD and MAS-related inflation commentary. Keep an eye on the index band around 6807 to 7019 and headline risk from US Iran tensions, which can move prices faster than data.

Law and Government

^GSPC Today, February 20: Iran Strike Risk Lifts Oil, Weighs on Stocks

ByHuzaifa Zahoor February 20, 2026

US Iran tensions are back in focus today as reports signal a possible US strike as early as this weekend, with the USS Gerald R. Ford moving toward the region. Oil prices today firmed, while global equities turned cautious. The S&P 500 index ^GSPC last printed 6861.88, down 0.28%, within a 6833.06 to 6879.12 range. For Singapore investors, higher energy costs can feed inflation and weigh on travel and transport. We outline risks, chart levels, and a clear checklist for the days ahead.