Malaysia seeks alternative crude sources after Middle Eastern shipments via the Strait of Hormuz face prolonged delays.
Malaysia is accelerating plans to diversify its crude oil imports, targeting supplies from the U.S., South America, and Africa. The move follows a near three-month disruption in shipments through the Strait of Hormuz, a critical chokepoint for Middle Eastern crude exports to Asia.
The country traditionally relies on Middle Eastern crude, naphtha, and fuel to meet most of its demand. Regional economies, including Malaysia, have scrambled to secure alternative sources as the Hormuz crisis persists, prompting fuel-saving measures and supply chain adjustments.
No immediate market reaction was reported, but the shift could reshape long-term crude trade flows in Southeast Asia.