Brent crude prices surged 5.9% last week, driven by fresh United States military attacks on Iran.
The escalation has reignited supply disruption fears in the global energy market, prompting a rapid repricing of geopolitical risk across energy assets.
Amid the volatility, Malaysia’s Economy Minister Akmal Haslin stated that the country’s petroleum supply remains stable and is secured until December 2026.
The assurance aims to calm domestic markets and signal that the nation’s fuel infrastructure is insulated from immediate supply shocks despite the regional turmoil.
The price spike underscores the sensitivity of global oil markets to Middle Eastern security developments.
While the immediate impact is reflected in the sharp weekly gain for Brent, traders are now assessing the duration of the conflict and its potential to disrupt actual production or shipping routes in the Strait of Hormuz.