{"id":375591,"date":"2026-04-05T01:37:37","date_gmt":"2026-04-05T01:37:37","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/375591\/"},"modified":"2026-04-05T01:37:37","modified_gmt":"2026-04-05T01:37:37","slug":"malaysia-urged-to-take-more-aggressive-action-to-tackle-energy-crisis","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/375591\/","title":{"rendered":"Malaysia urged to take more aggressive action to tackle energy crisis"},"content":{"rendered":"

Malaysia<\/a> has so far been spared the worst of the regional energy crunch, but experts say the government needs to move quickly and take more aggressive measures to prevent a worsening economic crisis if the Iran war becomes a drawn-out conflict.Much of Southeast Asia has been hit hard by the energy crisis<\/a>, with thousands of motorists ditching their vehicles over the lack of fuel and governments burning through billions of dollars and scrambling to find alternative fuel sources to rein in prices and stabilise supply.Malaysia has largely been insulated from the fallout for now given its position as a net energy exporter, but with its current hydrocarbon reserves expected to last only until May, the economy could tumble into a free fall if Prime Minister Anwar Ibrahim<\/a>\u2019s administration fails to secure fresh oil shipments before then.<\/p>\n

\u201cThe effects will be felt immediately. Fuel and raw material shortages are likely to cause a massive spike in selling prices and inflation is expected to rise even higher,\u201d said Timothy Wong, senior analyst with government affairs and public policy firm BowerGroupAsia.<\/p>\n

\u201cIt would be detrimental to the economy and likely take years to recover.\u201d<\/p>\n

\"AnAn illustration shows a map of the Strait of Hormuz \u2013 a key artery that carries at least a fifth of the world\u2019s crude oil shipments \u2013 and a 3D printed oil pipeline. Photo: Reuters<\/p>\n

About half of Malaysia\u2019s total oil supply has either been stranded or delayed after Tehran all but shut down access to the Strait of Hormuz \u2013 a key artery that carries at least a fifth of the world\u2019s crude oil shipments and mostly serves Asia \u2013 in retaliation for US and Israeli bombardments that began on February 28.<\/p>\n","protected":false},"excerpt":{"rendered":"Malaysia has so far been spared the worst of the regional energy crunch, but experts say the government…\n","protected":false},"author":2,"featured_media":375592,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[38979,3977,180165,55663,114,184,180167,85,117780,46,31077,12437,47,180166,8258,59948,114994,180168,208],"class_list":{"0":"post-375591","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-anwar-ibrahim","9":"tag-bank-negara-malaysia","10":"tag-bowergroupasia","11":"tag-brent-crude","12":"tag-business","13":"tag-economy","14":"tag-hafidzi-razali","15":"tag-il","16":"tag-iran-war","17":"tag-israel","18":"tag-kuala-lumpur","19":"tag-malaysia","20":"tag-middle-east","21":"tag-rimbawatch","22":"tag-sabah","23":"tag-sarawak","24":"tag-strait-of-hormuz","25":"tag-timothy-wong","26":"tag-us"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/375591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=375591"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/375591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/375592"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=375591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=375591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=375591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}