Prime Minister Anwar Ibrahim is set to begin a working visit to Russia tomorrow, where he will hold discussions with Russian President Vladimir Putin on matters critical to Malaysia's economic stability. Energy security tops the agenda, with the government keen to guarantee uninterrupted flows of crude oil and diesel to the nation.

Anwar outlined his priorities while addressing a gathering of fishing industry representatives and local residents at Pantai Leka Food Court in Muar today. Safeguarding long-term fuel availability is essential, he explained, particularly given supply chain disruptions already rippling through several ASEAN nations. The visit will also feature broader talks between ASEAN leaders and Russian officials.

The Prime Minister highlighted Malaysia's achievement in maintaining competitive domestic fuel pricing, noting that RON95 petrol costs just RM1.99 per litre—among the world's lowest. This stability, he stressed, reflects prudent economic stewardship and the fruits of maintaining constructive international partnerships.

Tensions in West Asia have heightened concerns about energy markets. Anwar flagged potential risks from Israeli and American military actions against Iran, which have threatened operations through the Strait of Hormuz. Any sustained closure of this critical shipping lane would drive global oil prices upward, directly harming Malaysia's economy and consumer costs.

Yet Anwar expressed cautious optimism on the conflict's trajectory. According to recent information from Pakistan's Prime Minister, a peace agreement could materialise by Friday, potentially resolving the armed hostilities. Should the standoff persist and the Strait of Hormuz remain blocked, Malaysia would face immediate economic consequences, he warned. For now, global crude prices have begun edging downward.