"Singapore jet fuel was trading at about $112 a barrel on Friday, well below the March 30 peak of $242" [$242]
The specific price data — a near-tripling from $80 pre-conflict to $242 peak — quantifies the economic shock that made third-party states like Malaysia active advocates for diplomatic resolution.
Reasoning from this article
The article shows Malaysian PM Anwar Ibrahim reducing subsidized diesel prices and citing Pakistani mediation progress in the same breath, revealing a direct causal chain from conflict to energy prices to third-party political economy. AirAsia X's 5% fare cuts tied explicitly to the MOU signing demonstrates how diplomatic signals transmit into commercial pricing in real time. This dynamic — where energy-dependent economies become structural advocates for conflict resolution — generalizes to any major oil-route conflict involving the Strait of Hormuz or Persian Gulf.