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2026-04-07 19:36:31
[Malaysian Prime Minister Says Middle East Conflict Spillover Effects Affect Southeast Asian Economy] Malaysian Prime Minister Anwar Ibrahim said in Kuala Lumpur on the 7th that the spillover effects of the Middle East conflict have begun to affect the global economy, including Southeast Asia. He urged countries to persist in using diplomatic means to de-escalate the situation while accelerating energy structure transformation to enhance economic resilience and the ability to cope with external shocks. Speaking at the Kuala Lumpur-Ankara Dialogue, Anwar said the continued turmoil in the Middle East has had a wide-ranging impact on global energy supply, supply chain stability, and people's livelihoods. The international community should oppose unilateral military action and uphold the rules-based international order. Anwar warned that the continued disruption of shipping in the Strait of Hormuz will have a profound impact on the global production system and market stability. He said, "The oil crisis of the 1970s was not only an energy shock, but also exacerbated inflation, suppressed growth, and reshaped the global economic landscape. Today, the risks are more complex; the (global) economy is highly integrated and digitalized, and more dependent on the stability of supply chains." He stated that these risks could trigger systemic shocks, disrupt markets and damage supply chains, putting pressure on global economic stability. "In the long run, we must accelerate the transformation of our energy strategy and move towards a more sustainable, diversified, and cost-effective energy system." (Xinhua)
