Oil Prices Rise To US$97 As New US Strikes Test Iran Peace Deal
Oil prices rose in early Asian trade on Tuesday as fresh US strikes in Iran cut into investor optimism about a peace deal. Brent crude futures climbed more than 1% to US$97.32 a barrel. Iran’s top negotiator and foreign minister met Qatar’s prime minister in Doha to discuss a US deal to end the war, […]
Malaysia’s WFH Initiative Saves RM4.22 Million In Petrol Subsidies
Malaysia’s work-from-home initiative for civil servants has avoided RM4.22 million in petrol subsidies since 15 April. The cut equals 2.14 million litres of RON95 saved over six weeks. Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar shared the figure on Monday night at an appreciation ceremony in Putrajaya, as reported by The Malaysian […]
Malaysia Says Oil Supply Is Sufficient Until July Despite Price Pressure
Malaysia’s oil supply will remain sufficient until the end of July. The government gave that assurance on Monday. It came even as global energy markets stay gripped by geopolitical risk. Economy Minister Akmal Nasrullah Mohd Nasir delivered the message at a briefing on the global supply crisis. According to Utusan Malaysia, the briefing followed weeks of […]
Police investigate Sepat FSO accident that killed three workers
Malaysian police have opened a detailed investigation into the fatal accident at the Sepat FSO facility off Kuala Terengganu. Three contractor workers were killed and one was seriously injured. The accident happened on the afternoon of Sunday 24 May 2026 during maintenance work on a lifeboat. The Malay Mail reported that a team from the Criminal Investigation […]
Oil prices fall as US signals progress on Strait of Hormuz deal
Oil prices fell sharply on Monday. The drop came as the United States signalled progress towards a deal with Iran to reopen the Strait of Hormuz. Brent crude led the retreat as traders unwound weeks of war-driven risk premium. According to The Malaysian Reserve, the market moved quickly once a diplomatic path looked credible. Brent crude, […]