Japan says beginning release of state oil reserves
TOKYO: Japan said it had started to release another part of its strategic oil reserves Thursday as it looks to temper the impact on the resource-poor nation from the surge in prices caused by the Middle East war
Conflict fuels fear for gig drivers
PETALING JAYA: Aslina Ahmad leaves her house at 7am and spends the whole day driving. By the time the e-hailing driver gets home, it's midnight.
Petrol dealers: No signs of panic buying or hoarding
PETALING JAYA: There is no unusual hoarding or panic buying of fuel at petrol stations nationwide, says the Petrol Dealers Association of Malaysia (PDAM).
Asia looks to Covid-era playbook
COUNTRIES across Asia are weighing up work-from-home policies and stimulus measures enforced during the Covid pandemic, as they scramble to respond to global fuel shortages triggered by the Iran conflict.
Curb on inflated prices
The Interior Ministry has ordered provincial authorities nationwide to intensify controls over fuel and consumer goods prices, warning that those who hoard supplies, manipulate prices or violate emergency measures could face up to 10 years in prison and fines of up to 100,000 baht (RM12,100).
Takaichi: Any decision to send Japanese forces to Strait of Hormuz will be ‘in accordance with law’
TOKYO: Japan's Prime Minister Sanae Takaichi said on Wednesday (March 25) the decision to dispatch the Self-Defense Forces to the Strait of Hormuz for minesweeping operations, following a potential ceasefire between the US-Israel side and Iran, needs to be made in accordance with the situation at the time and the law.
Pakistan conveys US proposal; Turkey, Pakistan may host talks, says top Iranian official
DUBAI/TEL AVIV: Pakistan has delivered a proposal from the United States to Iran, and either Pakistan or Turkey could be venues for discussions to de-escalate the war in the Gulf, a senior Iranian official told Reuters on Wednesday (March 25).
Vietnam lowers fuel prices after diesel doubled since Middle East conflict
HANOI: Vietnam adjusted its fuel prices for a second time on Wednesday (March 25), bringing down costs after the price of diesel was more than doubled since the start of the war in the Middle East, trade ministry figures showed.
Myanmar's rice farmers scrounge for diesel as Iran conflict dries up supply
YANGON: Win Zaw is among five of a Myanmar family who fan out on motorcycles most nights from their small village in the rice-growing Irrawaddy delta to queue at fuel depots that might yield a few jerry cans of diesel for his tractor.
Planned salary cuts for Indonesian public officials welcomed
JAKARTA: Several political parties in the governing coalition and cabinet members have voiced support for a proposal to cut executive and legislative officials' salaries as part of broader austerity measures to mitigate the economic impact of the ongoing United States-Israeli war on Iran.
