In a Facebook post on Wednesday (Mar 18), President Tharman Shanmugaratnam highlighted the “major new stress point in the global economy” as the Strait of Hormuz remains closed in the third week of the conflict. SINGAPORE: Amid a war in the Middle East that has strained global markets , President Tharman Shanmugaratnam warned of a "long storm" of instability as he approved the government’s spending plans for the coming financial year. In a Facebook post on Wednesday (Mar 18), Mr Tharman

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