Prolonged Strait of Hormuz disruption will be felt, but less severe - Johari

Datuk Seri Johari Abdul Ghani, Malaysia's Investment, Trade and Industry Minister, stated that any prolonged disruption in the Strait of Hormuz would have a negative impact on the country, although it would likely be less severe compared to nations heavily reliant on imported oil and gas. Johari emphasized that the strategic waterway is intrinsically linked to the global energy supply chain, meaning the repercussions would be felt across various sectors.

The minister clarified that Malaysia remains a net importer of oil but also a net exporter of gas, including liquefied natural gas (LNG). He explained that while Malaysia would not be completely insulated from the fallout, its position would be more advantageous than countries lacking domestic oil and gas resources. Johari elaborated that Malaysia would experience the same effects as other affected countries, but to a lesser extent.