Malaysia stated that energy supply is secured until the end of July.
Malaysia's Minister of Economy, citing data from Petronas, stated on Monday that the country's energy reserves could stably meet demand until the end of July, amid supply disruptions triggered by the conflict in Iran. During a regular briefing, Minister Akma Nasrullah said that existing power reserves are sufficient to accommodate the current rise in electricity demand. Akma noted that shipping costs to the Middle East have increased by 50% to 80%, and insurance premiums have risen by as much as 3% due to the war. He pointed out that rising logistics costs pose risks to the nation’s commodities sector. In the first quarter of 2026, exports of key products—including cocoa, rubber, palm oil, and timber—are expected to decline.
Malaysia Raises Prices for Rubber Products
On April 25, according to the reports, the world's largest condom manufacturer based in Malaysia and a globally renowned rubber glove producer both stated on the 24th that disruptions to shipping in the Strait of Hormuz have impacted the supply of petroleum and petrochemical products, leading to a significant increase in the prices of rubber goods.
Express News | The majority of domestic commodity futures closed higher, with European shipping routes and caustic soda rising more than 7%.