Malaysia: Malaysia must adopt a prudent diplomatic approach in navigating global economic uncertainties arising from geopolitical conflicts that are disrupting supply chains and affecting commodity prices, Prime Minister Datuk Seri Anwar Ibrahim said. He emphasized that while the country remains firm in its stance on international issues, its trade and economic relations with major global powers must be managed strategically.

According to BERNAMA News Agency, Anwar highlighted the art of diplomacy as a means for Malaysia to maintain good relations with various countries, including those in West Asia and the United States, without compromising national interests. "While we are firm in addressing injustices, including those involving the United States, we must remain wise and avoid becoming overly adversarial so that we can continue to maintain trade cooperation," he stated. Anwar further elaborated on the role of the Ministry of Foreign Affairs in guiding the country through these complexities.

The Prime Minister was speaking at the launch of Kolej Vokasional Pengerang at SMK Tanjung Pengelih, attended by prominent figures including Education Minister Fadhlina Sidek, Works Minister Datuk Seri Alexander Nanta Linggi, and others. Citing the global energy crisis, Anwar noted that Malaysia's strong diplomatic ties have been crucial in managing challenges, such as disruptions to oil supply. He shared an instance where discussions with Iranian President Masoud Pezeshkian led to the clearance of seven Malaysian vessels stranded in the Strait of Hormuz.

Anwar explained, "We contacted leaders from the United Arab Emirates, Saudi Arabia, Pakistan, Turkiye, and the United States on current issues, but we were still able to engage Iran at length and seek the President's cooperation to release our vessels, and he agreed immediately." He underscored the importance of maintaining good diplomatic relations in resolving such issues.

Conflicts in West Asia have significantly impacted the global economy, contributing to rising oil prices, higher logistics costs, and supply chain disruptions. While Malaysia is not immune to these pressures, Anwar assured that the country remains more stable compared to others that have had to take drastic measures. He noted that the MADANI government is committed to addressing these challenges through strategic measures, including proposals from the National Economic Action Council.

Anwar pointed out that oil prices have surged along with costs of fertiliser, chemicals, and other products, affecting shipping, logistics, and insurance. He expressed gratitude that Malaysia's situation is not as severe as in many other countries, some of which have closed numerous petrol stations or face exorbitant fuel prices.