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Politicising Oil Price Issue Ignores Global Reality – PM Anwar

Permatang pauh: Prime Minister Datuk Seri Anwar Ibrahim has criticised certain parties for politicising the issue of rising global oil prices even though the crisis stems from international conflicts beyond the country's control. He said that at a time when the world was facing geopolitical tensions involving attacks and the West Asian crisis, there were parties who continued to blame the government without considering the global reality.

According to BERNAMA News Agency, Anwar stated, "There are those who take advantage of this situation when the economy is declining, and oil supply is disrupted. It is not our fault, yet there are still some opposition members who hurl abuses at us in the current situation." He urged that the political climate must be controlled, and all parties should come together to find solutions. Anwar made these remarks while speaking at a Ramadan programme with Permatang Pauh community leaders at the Permatang Pasir Community Hall.

He further explained that escalating tensions, particularly involving Iran and retaliatory actions with missiles and drones, have significantly impacted oil and gas facilities and routes, including in the Strait of Hormuz, leading to a sharp increase in global oil prices. As both Prime Minister and Finance Minister, Anwar emphasized that the government has maintained fuel prices at a controlled level to protect the public, in contrast to many other countries that have raised prices.

Elaborating on the government's response, Anwar mentioned the convening of a special Cabinet meeting with the National Security Council (MKN) to discuss measures to address the economic and national security impacts. He also noted discussions with Petronas to ensure a sustainable oil and gas supply, expected to last until May.

In addition, Anwar disclosed that Malaysia had been in contact with several world leaders, including Indian Prime Minister Narendra Modi and ASEAN regional leaders, to explore efforts to ease tensions. He reiterated Malaysia's stance as independent and neutral while firmly advocating for peace and rejecting all forms of violence.

The tensions in the Middle East have escalated since February 28, following attacks by Israel and the United States on Iran, which led to Tehran's retaliatory strikes against US interests in Gulf countries.

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