The cost of Malaysia’s subsidies for fuel at the pump is projected to rise by more than four times in the short term, the government has said, as it rushed to assure the public the country’s energy supply will not be disrupted even as the Iran war chokes global oil and gas shipments.
Fear of an energy crisis has engulfed much of Southeast Asia since the US and Israel launched air strikes on Iran on February 28, pushing Tehran to close the Strait of Hormuz – a vital waterway that handles about a…
Malaysia’s fuel subsidy bill to rise more than fourfold as Iran war drags on
