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KUALA LUMPUR, March 3 (Bernama) -- Rystad Energy expects the current supply shock to have a limited long-term impact on global gas and liquefied natural gas (LNG) markets, despite an over 52 per cent surge at Europe’s benchmark Title Transfer Facility on March 2, 2026.
KUALA LUMPUR, March 3 (Bernama) -- Malaysia Airlines will temporarily resume services to and from Jeddah (JED), and Madinah (MED) on March 4-8, 2026, following the suspension of services from Feb 28, 2026, due to airspace closures in parts of the Middle East.
KUALA LUMPUR, March 3 (Bernama) -- A temporary closure or restriction of the Strait of Hormuz could sharply tighten supply, pushing up global crude oil and liquefied natural gas (LNG) prices, Economy Minister Akmal Nasrullah Nasir said.
By Kisho Kumari Sucedaram
KUALA LUMPUR, March 2 (Bernama) – As the war in the Middle East enters its third day, global aviation continues to be disrupted with commercial flights across the region remaining at a standstill, as major airports continue to be closed and regional airspace restricted, resulting in a mind-boggling 2,000 flights being cancelled.
ISTANBUL, March 2 (Bernama-Anadolu/Ina) -- An Iranian drone strike targeted Saudi Aramco’s Ras Tanura oil refining facility on Monday, igniting a fire outbreak, Anadolu Ajansi reported, citing media reports.
By Harizah Hanim Mohamed
KUALA LUMPUR, March 2 (Bernama) – The global maritime industry is closely monitoring rising tensions in the Middle East, with hull insurance and cargo war risk coverage skyrocketing in response to the current situation.
KUALA LUMPUR, March 2 (Bernama) -- Asia’s high-income economies, which heavily rely on commodity imports, are particularly vulnerable to the direct economic fallout from the conflict in the Middle East, according to Moody’s Analytics.
KUALA LUMPUR, March 2 (Bernama) -- The United States-Iran conflict could result in Brent crude prices posting a “knee-jerk” move of US$15-US$20 per barrel (bbl) (US$1=RM3.89) from the latest close, potentially lifting it towards the US$90 bbl level, said Public Investment Bank Bhd (Public IB).
KUALA LUMPUR, March 1 (Bernama) -- National carrier Malaysia Airlines has extended its suspension of all flights to and from Doha (DOH), Jeddah (JED), and Madinah (MED) until March 4, 2026, following the cancellations implemented from Feb 28 to March 1, 2026.
KUALA LUMPUR, March 1 (Bernama) -- National carrier Malaysia Airlines has extended its suspension of all flights to and from Doha (DOH), Jeddah (JED), and Madinah (MED) until March 4, 2026, following the cancellations implemented from Feb 28 to March 1, 2026.
KUALA LUMPUR, March 1 (Bernama) -- Batik Air has cancelled today’s scheduled service between Kuala Lumpur and Dubai as a precautionary safety measure due to the closure of designated airspace corridors in the Middle East.
By Zufazlin Baharuddin & Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 1 (Bernama) -- The US-Iran conflict has significantly disrupted airport operations and is poised to have a material near-term impact on global aviation, with aggregate industry costs potentially exceeding US$1 billion (US$1 = RM3.89) should the situation intensify, an economist said.
