KUALA LUMPUR: Malaysia is well-positioned to manage potential economic fallout from escalating conflict in the Middle East, backed by its status as a net energy exporter and strong economic fundamentals, Finance Minister II Datuk Seri Amir Hamzah Azizan said. He said the country's position as a net energy exporter provides a buffer against volatility in global oil markets, even as geopolitical developments could push crude prices higher. "Fundamentally, it is important to recognise that Malaysia is a net energy exporter. He added that petrol supply in the country also remains adequate, with stock levels currently at comfortable levels. Amir Hamzah said this move is aimed at shielding the public from sudden price shocks while the government monitors developments in the Middle East.

Source: The Star March 09, 2026 21:39 UTC