RON95 petrol subsidy reforms may start soon, saving RM4 billion annually, amid rising fiscal pressures and increased enforcement against misappropriation and smuggling
Global oil prices edged higher as ongoing but fragile negotiations between the United States and Iran continued to raise concerns over supply stability.
Analysts noted that uncertainty surrounding the talks has kept markets on edge, with potential disruptions in key shipping routes influencing price movements. Energy markets remain highly sensitive to geopolitical developments.
The situation has contributed to volatility in global oil markets, with investors closely watching diplomatic progress that could either ease or escalate supply concerns.
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