KUALA LUMPUR - Malaysia is securing alternative energy suppliers following disruptions at the Strait of Hormuz. Deputy Prime Minister Fadillah Yusof stated Petronas is engaging Australia and Asia-Pacific partners to stabilize supply.
Prime Minister Anwar Ibrahim noted 50 percent of national oil imports rely on the contested waterway. Rising global prices have forced fuel price hikes, pushing monthly subsidy costs to RM3.2 billion.
Political opposition warns of economic ripple effects, urging a non-partisan council. Debates intensify over utilizing Petronas dividends for consumer relief versus long-term sovereign wealth accumulation.