Malaysia will tighten border enforcement to curb fuel smuggling and keep subsidised petrol prices unchanged as the widening US-Israeli war with Iran disrupts energy flows through the Strait of Hormuz and rattles global oil markets.
The move comes amid concern that rising fuel prices abroad could make smuggling subsidised fuel out of Malaysia more profitable.
“The most worrying aspect is that this conflict has an impact on the global economy, Asia and Malaysia,” Prime Minister Anwar Ibrahim said…
Malaysia tightens borders to fight fuel smuggling amid global energy crisis
