The Middle East Crisis Isn't Over Yet

How well has Malaysia weathered the crisis so far?

The government has taken the Middle East crisis seriously from the outset. Since March, the National Economic Council has met weekly to assess its potential impact, not just on energy but also on food, medicine, and the cost of doing business. Preparations slowed as oil prices fell below $80 and the situation appeared to ease.

However, the situation remains difficult to predict. Oil prices have since risen above $90, while the duration and intensity of the crisis remain uncertain. As our Chairman, Dr Nungsari, notes, the safer assumption is that the crisis will persist for some time. For Malaysia, this means preparation cannot be a one-off response. It must continue as the situation evolves.

Catch the full discussion on the Astro AWANI YouTube Channel.