Global Economy
Oil Is No Longer a Commodity. It Is Now the Global Economy’s Most Powerful Force
Brent’s surge above US$100 signals a structural shift in how geopolitics, inflation and financial markets interact. Oil markets are increasingly shaped by geopolitics and strategic chokepoints, with tensions around the Strait of Hormuz amplifying global energy risk premiums. KEY TAKEAWAYS Oil is now driving the global macro cycle. Brent crude near US$104 per barrel, up…
Malaysia Faces Its Toughest Economic Test in Years as War Shocks Global Energy Markets
Bank Muamalat’s Dr Afzanizam Abdul Rashid warns of prolonged supply shock, surging subsidy costs and historic trade disruption as the US–Israel war with Iran escalates into a global energy crisis BY TENGKU NOOR SHAMSIAH TENGKU ABDULLAHMarch 23, 2026 KUALA LUMPUR – When Dr Mohd Afzanizam Abdul Rashid, Chief Economist at Bank Muamalat Malaysia Bhd first…
SPECIAL REPORT | GLOBAL ECONOMY The Domino Impact of $110 Oil: A New Energy Shock for the Global Economy
Strategic Perspective by TENGKU NOOR SHAMSIAH TENGKU ABDULLAH March 9, 2026 KUALA LUMPUR, The resurgence of oil above US$100 per barrel, triggered by escalating tensions between Iran and Israel, is not merely a geopolitical headline — it represents a macroeconomic inflection point. Energy remains the most powerful transmission channel in the global economic system. When…
‘Not a Structural Break’: Asia’s Markets Can Hold — But Three Red Lines Must Not Be Crossed
Dr Sailesh Kumar Jha As disruption in the Strait of Hormuz rattles energy markets, former Credit Suisse Chief Asia Economist Dr Sailesh Kumar Jha delivers a measured verdict: global markets are absorbing the shock — for now. But he identifies three thresholds that, if breached, could trigger rapid capital flight from Asian markets. By TENGKU…
Geopolitical Shocks & Global Aviation: A Measured but Material Threat, Says Top Economist
With Middle Eastern airspace under pressure, Juwai IQI Global Chief Economist Shan Saeed warns that duration — not intensity — will determine the true economic cost to global aviation and supply chains. By TENGKU NOOR SHAMSIAH TENGKU ABDULLAH KUALA LUMPUR, Mar 3 – As geopolitical tensions cast a shadow over key aviation corridors, one of…