Fast, factual wire coverage from across Malaysia and the region.
Prime Minister Anwar Ibrahim announced that another Petronas tanker has secured clearance to transit the Strait of Hormuz and is anticipated to dock in Melaka within the coming weeks, signalling continued crude oil supply stability for Malaysia.
Malaysia's fuel supply will remain stable and adequate through September, covering half the nation's petrol and diesel needs via Petronas stations. The government is diversifying crude imports beyond West Asia.
Former minister Khairy Jamaluddin has called for the Petronas-Sarawak dispute to be resolved through the courts rather than political channels, arguing that legal certainty is essential for Malaysia's energy industry.
Bangladesh has appealed to Malaysia for help securing liquefied natural gas supplies to tackle an escalating energy crisis, Prime Minister Anwar Ibrahim revealed following a telephone conversation with his Bangladeshi counterpart.
Petronas has clarified that while it holds naming rights to Sepang International Circuit, it does not own or operate the facility, nor does it control F1 ticket sales, amid excitement over Malaysia potentially hosting Formula 1 in 2026.
Prime Minister Anwar Ibrahim announced that a Petronas vessel has received clearance to traverse the Red Sea and will dock in Melaka in early August, marking another diplomatic success in navigating regional shipping crises through Malaysia's balanced foreign relations.
Bursa Malaysia opened with minimal gains as crude prices jumped past US$95 on Middle East tensions, yet investor caution persisted over US tech spending and inflation pressures.
The FBM KLCI broke through the 1,700 psychological barrier, gaining 14.72 points to reach 1,713.16 as Malaysian banks and PETRONAS subsidiaries surged, defying regional market weakness tied to Gulf tensions and rising crude prices.
Deputy Prime Minister Fadillah Yusof has reassured Malaysians that the nation's energy supply remains uninterrupted, with Petronas and the government engaging in multilevel diplomatic efforts to safeguard fuel security amid escalating tensions in the Strait of Hormuz.