This comes as Trump said the US would leave Iran in two to three weeks even as the Strait of Hormuz remained mostly closed to shipping vessels. In Malaysia, the benchmark FBM KLCI rose 15.45 points to 1,705.81, about 10 points off the intraday high of 1,715.94. Among the most active stocks, VS Industry dropped 1.5 sen to 19 sen, Zetrix AI rose 1.5 sen to 75.5 sen and Bumi Armada gained 1.5 sen to 36 sen.Depite the euphoria, Malacca Securities Research cautioned that the sentiment could be short-lived, given Iran's persistent refusal to negotiate. "We expect that elevated crude oil prices and ongoing US-Iran tensions may contribute to energy supply disruptions, translating to favourable average selling prices for energy and chemical players. "However, this could provide near-term headwinds for glove manufacturers, as nitrile glove materials are closely tied to crude oil inventory," it said in its report.

Source: The Star April 01, 2026 06:35 UTC