BUKIT MERTAJAM (March 20): Prime Minister Datuk Seri Anwar Ibrahim has criticised certain parties for politicising the issue of rising global oil prices even though the crisis stems from international conflicts beyond the country’s control. “There are those who take advantage of this situation when the economy is declining, and oil supply is disrupted. He said escalating tensions, including attacks involving Iran as well as retaliatory actions using missiles and drones, have affected oil and gas facilities and routes, including in the Strait of Hormuz, thus causing a sharp increase in global oil prices. Discussions have also been held with PETRONAS to ensure sufficient oil and gas supply, which is expected to be sustainable until May. Meanwhile, Anwar said Malaysia had also been contacted by several world leaders, including Indian Prime Minister Narendra Modi and Asean regional leaders, to discuss efforts to ease tensions.

Source: The Edge Markets March 20, 2026 09:23 UTC