Malaysia's freshest news, trending stories and local buzz.
Oil prices rose more than 1% as negotiations between the US and Iran over reopening the Strait of Hormuz deteriorated. President Trump's demand for compensation from Tehran has widened the gap between the two nations, while Houthi attacks continue disrupting regional shipping.
Iran has rejected US President Donald Trump's proposal to continue peace talks without a ceasefire, demanding Washington first implement previous agreements on Strait of Hormuz access and oil sales. The standoff comes amid renewed military tensions.
France's Foreign Minister has proposed Syria as a potential alternative route for oil shipments, citing the need for diversified energy corridors amid tensions in the Strait of Hormuz and US-Iran relations.
The International Energy Agency has raised its 2026 oil demand forecast to 103.463 million barrels per day while upgrading production projections, signalling modest optimism about energy markets ahead.