Kuala lumpur: The conflict in the Middle East, which has disrupted maritime movement in the Strait of Hormuz, has not yet significantly affected the nation's commodity exports, stated Plantations and Commodities Minister Datuk Seri Dr Noraini Ahmad. She noted, however, that persistent conflict might lead to increased costs related to transportation, logistics, and insurance.

According to BERNAMA News Agency, Dr Noraini explained that while the current situation shows no significant impact despite the Strait of Hormuz being impassable, the reopening of the route could influence trade. Commodities such as wood, furniture, and palm oil-based goods may potentially be affected if the conflict continues. She highlighted that logistics costs are anticipated to rise, and insurance premiums for ships passing through conflict zones are expected to increase.

Tensions in the Middle East have been on the rise since February 28, following attacks by Israel and the United States on Iran, which led to retaliatory actions by Tehran targeting US interests in Gulf countries.

Previously, Prime Minister Datuk Seri Anwar Ibrahim assured that the government is committed to keeping the price of RON95 at RM1.99 per litre to alleviate the financial burden on citizens. Anwar, who also serves as the Finance Minister, mentioned that despite the rising global oil prices, the domestic situation remains stable due to targeted subsidies keeping RON95 prices low.