Impact of War in Iran on Job Security and Retrenchment Risk in Sectors with Significant Fuel and Freight Cost Exposure

Mr Patrick Tay Teck Guan asked the Minister for Manpower in light of the Iran war and the surge in fuel prices, what is the Ministry's current assessment of the impact on job security and retrenchment risk in sectors with significant fuel and freight cost exposure, such as aviation, maritime and port operations, land transport, and wholesale trade and logistics.

The Member may refer to the Ministerial Statement given by Deputy Prime Minister Gan at the Sitting on 7 April 2026. [Please refer to ​"Impact of the Middle East Situation on Singapore", Official Report, 7 April 2026, Vol 96, Issue 27, Ministerial Statements section.]