The day's essential Malaysian news, briefed.
Asian equities declined Monday as Middle East tensions and hawkish Federal Reserve signals drove oil prices higher and increased expectations for US interest rate rises, rattling investor confidence.
A potential peace agreement between the US and Iran could help stabilise global oil prices and reopen vital shipping routes, according to Malaysia's Political Secretary to the Finance Minister, though full recovery will require time.
Oil prices fell over 2% following a US-Iran ceasefire agreement that would reopen the Strait of Hormuz and waive sanctions on Tehran's oil exports, signalling a major shift in global energy supply dynamics.