KUALA LUMPUR, April 13 — Tengku Zafrul Abdul Aziz warned that the conflict involving Iran has triggered far-reaching economic impacts across Southeast Asia.
Driving up energy prices and disrupting supply chains. The closure of the Strait of Hormuz sent global oil prices soaring above US$100 per barrel.
While liquefied natural gas and key industrial inputs also surged, affecting sectors from agriculture to semiconductor production.
Despite the shocks, Malaysia remains relatively resilient due to diversified industries and fuel subsidies such as the RON95 scheme.
However, rising logistics and fertiliser costs may pressure food prices, particularly for lower-income groups.
Across Asean, countries face fuel shortages and emergency measures, highlighting vulnerabilities in energy dependence.
Tengku Zafrul stressed the need for stronger regional cooperation, renewable energy development, and supply chain integration to better withstand future global disruptions.
