SINGAPORE, June 23 (Xinhua) -- Singapore's share market opened lower on Monday, with the Straits Times Index falling 0.9 percent, or 35.64 points, to 3,847.79, as oil prices surged following U.S. strikes on three nuclear facilities in Iran over the weekend.
Several energy-related stocks on the Singapore Exchange advanced in early trade, including Rex International, which rose 4.55 percent, and RH PetroGas, which gained 5 percent, tracking the global rally in crude prices.
Oil prices surged in early Monday trade, with both Brent and the U.S. benchmark WTI climbing more than 4 percent.
Crude prices had already been rising last week after Israel launched airstrikes on Iranian targets.
On Saturday, U.S. President Donald Trump announced that the United States had carried out strikes on three Iranian nuclear sites. The move is widely seen as a direct intervention in support of Israel's efforts to dismantle Iran's nuclear program, marking a significant escalation in Middle East tensions and sparking fears of a broader regional conflict. ■
