THE escalating conflict between Iran and Israel may seem far from Malaysia, but we should not assume it has nothing to do with us. The effects of this war are already spreading across the globe and could bring real consequences to our economy, national security, and social stability.
Global oil prices have already started to climb. If the Strait of Hormuz, one of the world’s most important oil routes, is disrupted by military action, fuel prices could rise sharply.
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