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A Petronas-operated vessel has received clearance to navigate the Red Sea and is expected to arrive in Melaka next month. Prime Minister Anwar Ibrahim has highlighted the incident as validation of Malaysia's measured diplomatic stance.
Prime Minister Datuk Seri Anwar Ibrahim announced that another Petronas-operated tanker has secured permission to transit the Strait of Hormuz and is scheduled to arrive in Melaka in early next month.
Malaysia's fuel supply through Petronas stations will remain stable and sufficient until September, the government has confirmed. A crisis management task force continues monitoring energy security and exploring alternative crude oil sources beyond West Asia.
Former minister Khairy Jamaluddin has urged the Petronas-Sarawak dispute to be resolved through the courts rather than political negotiations, arguing that legal clarity is essential for investor confidence in Malaysia's energy sector.
Bangladesh has formally requested Malaysia's intervention to help secure liquefied natural gas supplies through Petronas, with PM Anwar Ibrahim confirming the urgent request during discussions with his Bangladeshi counterpart.
Petronas has clarified that despite holding naming rights to Sepang International Circuit, it has no involvement in ticket sales or event management for the upcoming Formula 1 Bahrain Grand Prix scheduled for October 2026.
A Malaysian Petronas vessel has been cleared to transit the Red Sea and will dock in Melaka by early August, Prime Minister Anwar Ibrahim announced. The approval reflects Malaysia's diplomatic relations with major powers including Iran, which has been instrumental in securing safe passage for Malaysian vessels.
Bursa Malaysia posted a modest gain at the opening bell as crude oil surged past $95 a barrel amid Middle East tensions, yet investor sentiment remained cautious with the broader market struggling to build on earlier losses.
Deputy Prime Minister Datuk Seri Fadillah Yusof has assured Malaysians that the country's energy sector remains adequately supplied despite mounting tensions in the Strait of Hormuz, with Petronas and the Prime Minister undertaking proactive diplomatic efforts.
Southeast Asia's offshore capital expenditure is projected to surge 12 per cent to over US$100 billion as investors prioritise new developments amid geopolitical tensions in West Asia. Brent crude is forecast at US$80 per barrel for 2026.