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Updated · Bloomberg · May 10Anwar Ibrahim to unveil Malaysia oil supply plan amid Iran conflict
9 articles · Updated · Bloomberg · May 10
- Economy Minister Akmal Nasrullah Mohd Nasir said the plan will be announced soon as disruptions to oil flows raise supply uncertainty.
- The measures will aim to secure enough domestic oil supply to support Malaysia's economic activity during the conflict-driven disruption.
- The move reflects growing concern that the Iran conflict could strain regional energy supplies and force governments to bolster fuel security.
Will this crisis finally force Malaysia to build a strategic oil reserve after decades of policy neglect? With subsidies at RM6 billion monthly, can Malaysia's oil plan protect citizens without eventually raising fuel prices?