Local note is 3.93, remains under pressure amid escalating Strait of Hormuz tensions

Shipping through channel carries around one-fifth of fuel consumed globally, large quantities of LNG

Energy markets shaken after US-Israeli strikes on Iran disrupt key LNG shipping route

Global trade disrupted, flight suspension, domestic prices of essential goods likely to rise, says analyst

KUALA LUMPUR, June 26 — The possible closure of the Strait of Hormuz after the recent Iran parliamentary vote poses limited risk to Malaysia, said MIDF Amanah Investment Bank Bhd.

WASHINGTON, June 23 — US Secretary of State Marco Rubio has warned Iran against closing the Strait of Hormuz, a key shipping route, after Iranian lawmakers backed such a move which would likely disrupt global oil exports, reported German news agency dpa.