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A Petronas-operated vessel has received clearance to traverse the Red Sea corridor and is scheduled to dock in Melaka within the coming month, with Prime Minister Anwar Ibrahim characterizing the development as validation of Malaysia's measured diplomatic stance.
Prime Minister Anwar Ibrahim announced that another Petronas tanker has been authorised to navigate the Strait of Hormuz and should reach Melaka in early next month, signalling continued fuel supply security.
Petronas fuel supplies across Malaysia will remain stable and adequate through September, covering approximately half the nation's domestic fuel demand, according to the Minister in the Prime Minister's Department.
Former minister Khairy Jamaluddin has called for the Petronas-Sarawak dispute to be settled through the courts rather than political channels, arguing that legal clarity is essential for industry stability.
Bangladesh has appealed to Malaysia for liquefied natural gas supplies to address critical shortages, Prime Minister Anwar Ibrahim revealed following discussions with his Bangladeshi counterpart Tarique Rahman.
Prime Minister Anwar Ibrahim announced that a Petronas vessel has received clearance to transit the Red Sea and will dock in Melaka in early August, crediting Malaysia's balanced foreign policy and strong relations with Iran for enabling the passage.
Malaysia's FBM KLCI index climbed to 1,713.16 points, breaking past the 1,700 psychological barrier, as major bank and Petronas stocks rallied strongly while regional markets struggled with geopolitical concerns.
PETRONAS Chemicals and Malaysian banks drove the FBM KLCI higher as crude oil prices spiked following Iranian attacks on tankers in the Straits of Hormuz, though analysts caution rising energy costs could pressure regional manufacturers.
Deputy Prime Minister Datuk Seri Fadillah Yusof has assured Malaysians that the nation's energy supply remains stable despite geopolitical tensions in the Strait of Hormuz, with Petronas and the Prime Minister undertaking multi-level negotiations to safeguard energy security.
Southeast Asia is projected to boost greenfield capital expenditure in offshore energy by 12 per cent to exceed US$100 billion, signalling robust regional investment momentum despite lingering geopolitical tensions in West Asia and fragile ceasefire arrangements.