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Special address - 31st CGC Awards

Special address by Mr Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the 31st CGC Awards, Kuala Lumpur, 11 August 2026.

Oil extends gains as supply fears deepen

Oil prices rose sharply on Monday, pushing Brent crude above US$107 a barrel as escalating tensions in the Middle East stoked fears of disruptions to global energy supplies.

  • Oil prices surpass $107 per barrel amid Middle East tensions
  • Saudi pipeline halt and Hormuz attack heighten supply fears
  • Oman delays Iran-Gulf talks, impacting crucial oil route

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