PETALING JAYA: The possibility of higher oil prices, should there be an escalation in the conflict between Iran and Israel, would not necessarily provide a tailwind to Malaysia’s economy and the battered ringgit.
Sunway University economics professor Yeah Kim Leng said while net oil exporting countries including Malaysia will experience higher oil export earnings, a widening of the Iran-Israel conflict will send the already fragile global economy into a tailspin.
