PUTRAJAYA: Malaysia can still maintain the subsidised RON95 petrol price at RM1.99 per litre for up to two months, says Prime Minister Datuk Seri Anwar Ibrahim. However, he warned that the prolonged closure of the Strait of Hormuz could cause an unprecedented economic crisis. As such, he urged the public and private sector not to treat the ongoing conflict in the Middle East lightly. We will monitor this situation because so far, we can still hold off for one or two months. The Prime Minister said the economic impact of the US-Israel attacks on Iran were still under control.

Source: The Star March 07, 2026 15:54 UTC