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Prime Minister Datuk Seri Anwar Ibrahim has welcomed reports of progress in US-Iran negotiations, viewing the development as encouraging for international peace efforts and regional security.
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Prime Minister Anwar Ibrahim has commended the de-escalation of US-Iran tensions, warning that geopolitical instability inflicts the heaviest burden on vulnerable populations and developing nations across the region.
A potential US-Iran peace agreement could help stabilise global oil prices and reopen critical shipping routes, Malaysia's Finance Ministry says, though full recovery will require months as transportation costs remain high.
Oil tankers resumed transit through the Strait of Hormuz after the US lifted its blockade on Iran as an interim peace deal took effect. Oil prices fell to their lowest levels since the conflict began, though critical issues remain unresolved between Washington and Tehran.
Oil prices dropped over 2% after Washington and Tehran agreed to a ceasefire, with the deal set to reopen the Strait of Hormuz and lift US sanctions on Iranian crude within 60 days.