Jaideep Singh was featured on NST Online on 6 March 2026.

KUALA LUMPUR: The escalating Middle East crisis following the United States and Israeli strikes that killed Iran’s Supreme Leader Ali Khamenei is raising concerns over global energy markets, regional security and potential economic spillovers to Malaysia.

In the latest episode of Beyond the Headlines, hosts Amalina Kamal and Julianna Jalaluddin examined the geopolitical and economic ramifications of the conflict, including retaliatory strikes across the Gulf and disruptions around the Strait of Hormuz, a key global oil shipping route.

Geopolitics expert Dr Ferooze Ali Ahsad Ahmad of Universiti Sultan Zainal Abidin (UniSZA) said the targeted strikes are unlikely to immediately shift the region’s power balance, noting that Iran’s military and governing structure remain intact.

Instead, he warned the attack could intensify regional instability and rally domestic support within Iran.

Meanwhile, Jaideep Singh of the Institute of Strategic and International Studies (ISIS) Malaysia said Malaysia’s export sector has limited direct exposure to disruptions in the Strait of Hormuz, as trade with Gulf states and Iran accounts for only a small share of Malaysia’s total trade.

However, he cautioned that sustained increases in global oil prices could raise manufacturing and transport costs while putting pressure on Malaysia’s fuel subsidy bill.

Analysts said while Malaysia may see short-term gains as a net energy exporter, the broader economic impact will depend on whether the conflict escalates further.

Watch the full discussion in the latest episode of Beyond the Headlines on NST Online’s YouTube channel.

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