Kuala lumpur: The government is maintaining its current fiscal policy while closely monitoring developments in global geopolitical conflicts that could affect oil prices and the national economy. Economy Minister Akmal Nasrullah Mohd Nasir emphasized a cautious approach, evaluating the seriousness and duration of conflicts before implementing any additional measures.

According to BERNAMA News Agency, Akmal Nasrullah stated that Malaysia's resilient economy and its status as a net exporter contribute to confidence in economic stability. He affirmed that the government is maintaining existing policies and is prepared with scenario planning to determine necessary actions if situations escalate.

He further mentioned that the government is engaging in discussions with relevant parties, including the Ministry of Finance, Petronas, Bank Negara Malaysia, and the Ministry of Foreign Affairs, to receive up-to-date assessments of global developments. Akmal Nasrullah highlighted the potential impact of geopolitical conflicts on logistics and transportation costs, particularly in major trade routes like the Strait of Hormuz.

Additionally, he noted that the effect on food prices, especially imported goods, would become evident later, but assured that the relevant ministries are closely monitoring supply stability. The tensions in West Asia have intensified since last Saturday, following strikes by Israel and the United States on Iran, with subsequent retaliation from Tehran targeting US interests in the Gulf region.