Oil Price Shocks, Inflation and the Fragility of the Global Economy

By Dr Phar Kim Beng

Few economic indicators shape global stability as decisively as the price of oil. 

Air Cargo Connects Businesses To Global Markets, Keep Supply Chains Moving - IATA

KUALA LUMPUR, March 11 (Bernama) -- Air cargo plays a critical role in connecting businesses to global markets and keeping supply chains moving, even as the operating environment becomes more complex, the International Air Transport Association (IATA) said in a statement today.

FMM Calls For Export Crisis Task Force Amid Strait Of Hormuz Disruptions

KUALA LUMPUR, March 10 (Bernama) -- A coordinated government–industry response is needed to address the growing impact of the Iran-US-Israel conflict and the disruption around the Strait of Hormuz on Malaysia’s manufacturing exports and maritime trade, said the Federation of Malaysian Manufacturing (FMM).

MATRADE Takes Mitigation Steps To Safeguard Malaysian Exports Amid West Asia Conflicts

KUALA LUMPUR, March 5 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) is taking proactive steps to cushion the impact of escalating geopolitical conflicts in West Asia, by activating a comprehensive mitigation framework to support Malaysian exporters navigating maritime blockades, surging logistics costs and supply chain disruptions. 

US-Iran Escalation Keeps Oil Prices Firm, Lifts Palm Oil Outlook -- MPOC

KUALA LUMPUR, March 5 (Bernama) -- Prolonged conflict in the Middle East could sustain a price floor for crude oil through 2026, lending underlying support to palm oil prices and reinforcing firmer trends across the global edible oils market.

Rubber Market Ends Higher On Surging Oil Prices, Supply Concerns

By K. Naveen Prabu

KUALA LUMPUR, March 2 (Bernama) -- The Kuala Lumpur rubber market ended higher today,  supported by a sharp jump in crude oil prices.

Middle East Conflict Threatens Asia's Commodity Importers - Moody's Analytics

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.

OPEC+ Latest Decision To Increase Output Signals Stockpiling Exercise - Rystad Energy

KUALA LUMPUR, March 2 (Bernama) -- The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) latest decision to increase its crude oil production target by 206,000 barrels per day (bpd) for April is a signal that the grouping is prepared to use spare capacity if needed.

Brent Crude May Spike By US$15-US$20 Per Barrel Amid Us-Iran Conflict, Says Public IB

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).

US-Iran Conflict Disrupts Global Aviation, Could Cost Industry More Than US$1 Bln 

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.

Early Policy Response Crucial To Contain US-Iran Conflict's Impact, Says Economist

KUALA LUMPUR, March 1 (Bernama) -- Early and coordinated policy intervention will be critical in determining whether the escalating United States-Iran conflict remains a temporary external shock or evolves into a more persistent economic challenge for Malaysia, an economist said.

Malaysia To See Mixed Economic Impact From Oil Risk Premium Amid Current Iran-US Situation

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Feb 28 (Bernama) -- Malaysia’s economic outlook amid the current situation between Iran and the United States will depend largely on whether there is any physical disruption to crude shipments through the Strait of Hormuz, said SPI Asset Management managing partner Stephen Innes.