Hormuz is just a ‘dry run’ if China and U.S. go to war in the Pacific, Singapore foreign minister warns

Singapore’s foreign minister warned that a Chinese move to disrupt shipping through the Strait of Hormuz would serve as a “dry run” for broader conflict with the U.S. in the Pacific, highlighting escalating geopolitical tensions between major powers. The comment underscores the risk of supply disruption in global energy trade routes as a potential lever in a wider Sino-U.S. confrontation, which could trigger sharp repricing in oil-sensitive assets and maritime insurance markets. Energy markets, particularly crude oil futures and tanker rates, along with Asia-Pacific equities and defense stocks, are most exposed to rising conflict risk premiums. Traders will watch upcoming U.S. Navy deployments in the South China Sea and Chinese naval exercises near strategic chokepoints as near-term catalysts for volatility.

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