KUALA LUMPUR: Malaysia has a moderate exposure to the ongoing United States-Iran conflict, and the situation is manageable from a macroeconomic standpoint, supported in part by its position as a net oil and gas exporter, said an economist.
Universiti Teknologi MARA (UiTM) Faculty of Business and Management senior lecturer Dr Rabiatul Munirah said Malaysia has a partial buffer when global oil prices rise, as energy exports contribute significantly to fiscal revenue, particularly through PETRONAS and related upstream activities.
"However, Malaysia is also a net importer of certain refined petroleum products.
It remains integrated into global supply chains.
Therefore, higher global energy prices will still filter through the domestic economy,” she told Bernama.
The economics lecturer said Malaysia’s exposure is less about direct bilateral trade links with the US or Iran and more about second-round global spillover effects transmitted through commodity prices, capital flows and investor sentiment.
On sectoral impact, she said if oil prices remain elevated, transportation and logistics, aviation, manufacturing, particularly....
