Clear, modern coverage of Malaysian news and analysis.
An interim US-Iran agreement has taken effect, allowing oil tankers to resume transit through the Strait of Hormuz and pushing prices to their lowest levels since February. However, continuing Israeli operations in Lebanon cast doubt over the durability of the ceasefire.
Oil prices retreated sharply as the United States and Iran signed a ceasefire agreement expected to restore shipping through the Strait of Hormuz and ease Tehran's oil export restrictions, signalling improved global energy supply.
Prime Minister Anwar Ibrahim has welcomed a breakthrough understanding between the United States and Iran to end hostilities, praising Pakistan's mediation role and urging rapid implementation of the accord.