Commodities news in Malaysia
6 stories across Malaysia, published in the last 24 hours and gathered from Malaysian news sources.
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Trump claims Strait of Hormuz in 'very good shape', average 30 ships pass through nightly
US President Donald Trump said the Strait of Hormuz is in 'very good shape', with an average of 30 ships passing through nightly thanks to US Navy assistance. He also suggested this has kept oil prices from rising as much as expected.
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Oil Climbs Above US$91 As US-Iran Fighting Rekindles Supply Fears
Oil prices rose on Sept 1 as renewed US-Iran fighting heightened supply disruption concerns, with Brent gaining 0.6% to US$91.05 and WTI up 1% to US$86.59.
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Asia's refined fuel imports hit post-war low, can the Middle East help?
Asia's imports of refined fuels fell to their lowest since the Iran war began, as Middle East and Russian supply disruptions squeeze diesel and jet fuel markets. Prices and refining margins have surged, raising questions about future supply strategies.
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Trump says Strait of Hormuz in 'extremely good shape'
US President Donald Trump claimed the Strait of Hormuz is in 'extremely good shape' with US naval assistance helping an average of 30 ships pass nightly, preventing oil price spikes. He made the remarks to reporters at the Oval Office.
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Trump says Strait of Hormuz in 'extremely good shape,' touts '30 ships a night' passing through
US President Donald Trump claims the Strait of Hormuz is in good shape, with an average of 30 ships passing nightly due to US naval assistance. He suggests this has prevented oil prices from rising as expected.
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Oil prices rise as US, Iran launch fresh strikes
Oil prices rose nearly two percent following US strikes on an Iranian island in the Strait of Hormuz and retaliatory action from Tehran, as the conflict enters its sixth month.