In a Harian Metro report, Anwar noted that the global energy crisis is directly affecting the country’s economic position, making fresh economic assessments necessary if the situation continues.

“We will have to conduct new studies if (the war) continues as our growth projections and major projects must all be reviewed,” he said at SMK Clifford in Kuala Kangsar, Perak.

“The National Economic Action Council and a special committee chaired by former Petronas president and CEO Hassan Marican are assisting my office. All the ministers are also working extremely hard to stabilise the situation.”

Last month, Bank Negara Malaysia said it was projecting a 4-5% gross domestic product growth in 2026 despite the ongoing Iran war, which has resulted in a surge in crude oil prices and an energy crises in some countries.

The numbers are a slightly upward revision of the government’s initial forecast of a 4-4.5% GDP growth this year.

The US and Israel launched large-scale airstrikes against Iran on Feb 28, prompting retaliatory strikes by Iran on US bases and allied positions.

Iran closed the Strait of Hormuz following the strikes, choking a key energy passage and triggering an energy crisis that has led to inflationary fears across the globe.