Malaysia Secures Safe Passage for Its Ships Through the Hormuz Strait

The Malaysian Prime Minister spoke on television after talks with leaders from Iran, Egypt, Turkey and other countries. He said Malaysian ships can now cross the Strait of Hormuz safely. He thanked Iran’s president for allowing the passage. The Malaysian government plans to release oil tankers and workers so they can return home. The Prime Minister said these talks were part of a wider effort to bring peace to the Middle East. He noted that Iran feels it has been deceived many times. Because of this, the country wants a clear and firm security guarantee before it can fully trust peace steps.Malaysia will keep its oil price subsidies for citizens. However, the government is also cutting how much subsidised fuel it gives each month to lessen the impact of supply problems. The Prime Minister explained that Malaysia must manage the effects of the Hormuz blockade, regional wars and halted oil and gas supplies. These disruptions affect the country’s economy and people.