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Transport minister says the global economic fallout from the war has been severe, particularly in the energy sector, which has seen prices surge by more than 100%.

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https://www.freemalaysiatoday.com/category/nation/2026/03/31/govt-operating-in-crisis-mode-due-to-middle-east-war-says-loke

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Transcript
00:01The government is operating in crisis mode in response to the ongoing war in the Middle East,
00:07which is triggering severe global economic and energy disruptions, says Transport Minister Lok Su Fook.
00:15He said that although most Malaysians may not yet feel the full impact of the war on their daily lives,
00:21the situation should not be taken lightly,
00:23describing it as very serious as the conflict has persisted for over a month and continues to escalate.
00:31Lok pointed out that the consequences of the war have been far-reaching,
00:35with significant loss of life and widespread humanitarian suffering in the Middle East.
00:41He said that beyond that, the global economic fallout from the war has been severe,
00:46particularly in the energy sector, which has seen prices surge by more than 100%,
00:51affecting many industries worldwide.
00:55He noted that even though Malaysia is an oil-producing country,
00:59it remains dependent on global markets and external supply chains.
01:04Lok said the government's immediate priority is to ensure fuel supply stability
01:09and that while current supply is expected to last until May,
01:13a prolonged conflict in the Middle East could disrupt future availability.
01:18Naramadar Raja, FMT
01:21Naramadar Raja, FMT
01:21Naramadar Raja
01:21K
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