PUTRAJAYA: Malaysia can still maintain the subsidised RON95 petrol price at RM1.99 per litre for up to two months, said Datuk Seri Anwar Ibrahim. But the Prime Minister warned that the prolonged closure of the Strait of Hormuz could cause an unprecedented economic crisis. He said everyone, including the public and private sectors, must be wary of the ongoing conflict in Iran. "We will monitor this situation because so far, we can still hold off for one or two months." The Strait of Hormuz was closed by Iran on Monday (March 2) following the US and Israeli attacks.

Source: The Star March 06, 2026 10:40 UTC