In-depth reporting on Malaysia and the region.
Oil prices fell over 2% after the US and Iran reached a ceasefire agreement that would reopen the Strait of Hormuz and ease sanctions on Iranian crude exports, potentially easing global supply concerns.
Prime Minister Anwar Ibrahim has expressed confidence that ongoing US-Iran peace negotiations could succeed within a 60-day window, citing encouraging reports from Pakistani and Russian leaders about the diplomatic momentum.
Iran and the United States have formally signed a 14-point memorandum of understanding designed to end their ongoing conflict, with negotiations to focus on nuclear matters and sanctions over the next two months.
Prime Minister Anwar Ibrahim has endorsed the emerging US-Iran understanding to cease hostilities and praised Pakistan's mediation role, while calling for immediate implementation and reopening of the Strait of Hormuz.