Malaysia Shipowners’ Association chairman Mohamed Safwan Othman said the heightened threat level has prompted operators to avoid the key shipping lane entirely. The disruption could directly affect Malaysia’s maritime industry, particularly in the oil and gas trade, as many Malaysian vessels operate in the region. Malaysia imports and exports oil and gas with countries in the Middle East, making the Strait of Hormuz an important route for energy shipments. Mohamed Safwan said the conflict has already begun affecting the shipping industry through rising risk levels and potential changes to insurance coverage. The higher risk classification could lead to increased war-risk insurance costs and force ships to take longer alternative routes, raising operating expenses for shipping companies.

Source: The Star March 06, 2026 01:14 UTC