Round-the-clock breaking news from Malaysia.
Malaysia's energy stocks gained ground as crude oil prices climbed following Iran's attacks on tankers in the Straits of Hormuz, though analysts warn rising input costs pose risks to regional economies dependent on imported fuel.
Three oil tankers carrying 5 million barrels of crude are exiting the Strait of Hormuz following an interim Iran-US deal, easing supply bottlenecks that have constrained global markets and dampening international oil prices.
Parliament convenes to examine how Strait of Hormuz trade disruptions affect Malaysian industries and inflation, while debating artificial intelligence governance and cybercrime legislation.
An interim US-Iran ceasefire has taken effect, allowing tanker traffic through the Strait of Hormuz to resume and pushing oil prices to their lowest levels since the conflict began. However, Israeli operations in Lebanon and unresolved nuclear negotiations pose risks to the agreement's durability.