Iran crisis bites into Malaysia’s supply chain as fuel subsidy cap falls

Four weeks into the US-Israeli war on Iran, the crisis is beginning to bite in Malaysia, where Prime Minister Anwar Ibrahim has cut the monthly quota for subsidised petrol and food manufacturers are warning that surging diesel costs could force them to close or raise prices. The move reflects how a distant geopolitical shock is beginning to feed directly into Malaysia’s fuel bill, food supply chain and inflation outlook, analysts note. In a special televised address on Thursday, Anwar said the...