Kuala Lumpur, 27 May 2026 – Rising oil prices triggered by the Gulf conflict are beginning to send wider ripple effects across Malaysia’s economy, with logistics, manufacturing, aviation, food supply chains and government finances facing renewed cost pressures.
The latest energy-market volatility comes as tensions around the Strait of Hormuz continue to unsettle global oil flows. The waterway remains one of the world’s most important energy chokepoints, and disruptions there have repeatedly lifted crude prices in recent weeks. Reuters reported that oil prices pulled back on Wednesday after a previous 4% surge, with Brent crude falling to US$98.06 a barrel and West Texas Intermediate easing to US$91.99 as traders watched for progress in US-Iran negotiations.
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