Since March, Sri Lanka has raised fuel prices by more than 35%, and gas and electricity rates have increased by a similar amount.
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A third of the world’s fertilisers pass through the Strait of Hormuz and the WTO has warned that the blockade there threatens global food security.
The UAE has withdrawn from Opec and Opec+ after disputes over production quotas, with the decision taking effect on Friday.
Tok Mat not behind Negeri Sembilan turmoil, says Zahid
The Umno president says that Mohamad Hasan, who is the assemblyman for Rantau in Negeri Sembilan, is trying to find ways to resolve the issue.
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