1 of 1
Story summary
- Straits Times Index rose 5.1% in Q1 2026, signaling resilience amid Iran tensions.
- Higher oil prices support bank margins but may raise recession risk if they rise significantly.
- Oversea-Chinese Banking Corporation (OCBC) and ST Engineering benefit from wealth inflows and defense contracts.
- Analysts warn that without clarity on the conflict's resolution, markets stay unstable.
- STI closed at 4,947.5 in 2026, down 28 after U.S. President Donald Trump’s remarks on Iran.
