Singapore's United Overseas Bank (UOB) has indicated that the Monetary Authority of Singapore (MAS) might tighten its monetary policy earlier than previously anticipated. According to Jin10, this action could potentially occur in the April policy statement. Prior to the conflict in Iran, OCBC Bank had expected MAS to tighten its policy in the second quarter. However, given the possibility of further deterioration in the Middle East situation, UOB suggests that if there are long-term impacts on the energy sector and supply chain disruptions leading to increased inflation in China, the likelihood of MAS tightening its policy is growing. Should crude oil prices remain elevated at around $100 per barrel throughout the second quarter without returning to normal levels, it is likely to result in an increase in both overall and core inflation rates.