Akmal Nasrullah: Strait of Hormuz repairs mean oil recovery gradual, but outlook remains hopeful (opens original article in a new tab)

Global oil supply recovery is expected to be gradual despite a US-Iran peace deal, as infrastructure repairs and route clearances in the Strait of Hormuz take time, according to Economy Minister Akmal Nasrullah.

• Global oil supply recovery is expected to be gradual due to infrastructure damage and disrupted trade routes
• Peace deal between US and Iran may take time to impact oil markets due to Strait of Hormuz repairs
• Economy Minister Akmal Nasrullah highlights ongoing geopolitical crisis effects on national economy
• Malaysia's Economy Ministry monitors developments and maintains mitigation measures for economic pressures