BREAKING: For the first time since the Iran war began, JPMorgan says it no longer has a baseline view on oil, writing "we simply don't know how to model the endgame," and that the assumption that the Middle East disruptions are temporary is "becoming increasingly difficult to sustain," per JPMorgan Global Research.
The bank says it had assumed there were economic red lines the Trump administration would be unwilling to cross, and that six months later "many of those lines have been crossed, yet the exit strategy is less clear, not more."
Chevron's CEO said this week the Great fuel crisis has officially arrived, as Trump officials continue to claim the disruption temporary.
Saya juga sempat menghubungi bekas Naib Presiden Amerika Syarikat, Al Gore, dan bertukar pandangan mengenai cabaran perubahan iklim dunia, khususnya tatkala Malaysia berdepan jerebu susulan kebakaran hutan di Indonesia.
Perbincangan menyentuh komitmen serta langkah yang sedang digerakkan Malaysia dalam melaksanakan peralihan tenaga, daripada kebergantungan kepada bahan api fosil kepada sumber tenaga yang lebih bersih dan mampan.
Ikhtiar ini selaras dengan iltizam Kerajaan MADANI untuk membina sebuah negara yang bukan sahaja progresif dan berdaya tahan dari segi ekonomi, tetapi turut bertanggungjawab dalam memelihara kelestarian alam demi kesejahteraan generasi mendatang.
Saya turut menyampaikan undangan kepada Al Gore untuk melawat Malaysia dalam masa terdekat bagi meneruskan perbincangan serta meneroka ruang kerjasama yang lebih bermakna dalam mendepani cabaran perubahan iklim dan mempercepat agenda peralihan tenaga negara.
#MalaysiaMADANI
#YakinMADANI
China openly challenges Trump.
Trump: "We need two billion dollars a day to reopen the Strait of Hormuz."
Chinese Foreign Minister: "The Strait was open before the war. The root of the problem lies in your illegal actions against Iran; you have created a global crisis out of nothing."
๐จ BREAKING: ๐ด๐ฒ๐ค๐ฎ๐ท
Oman just made its move.
The Sultan of Oman has signed a decree to massively expand trade and economic ties with Iran โ a major geopolitical signal as tensions reshape the Middle East.
While the West pushes pressure, Muscat is opening the door wider to Tehran. ๐๐ฅ
New alliances. New power balance. New era.
Aramco just handed back its 50% stake in Malaysia's 300,000 bbl/day PRefChem refinery to Petronas.
A $7 billion bet from 2017.
Exited quietly in 2026.
Here's why it matters:
When Hormuz closes, every downstream asset gets repriced.
Aramco's Malaysian exit is the clearest proof yet that Gulf producers are radically reorganising their global footprint around the new reality. ๐
The deal:
โ Aramco transfers full equity in Pengerang Refining Company and Pengerang Petrochemical Company to Petronas
โ Petronas becomes 100% owner of PRefChem a 300,000 bbl/day refinery plus 3.4 mtpa petrochemicals complex in Johor
โ Original Aramco commitment: $7 billion in 2017 for a 50% stake
โ Commercial relationship continues crude supply, technology, product distribution all still on the table
Why Aramco is walking away?
Hormuz is effectively shut.
Saudi crude exports are being rerouted through the East-West pipeline to Yanbu on the Red Sea.
Even so, Saudi output fell roughly a 3rd in April vs pre-war levels.
In that environment, a 50% stake in a Malaysian refinery running at 50% utilisation after a February 2026 gasoline unit shutdown is not where Aramco wants its capital or management bandwidth.
The strategic logic is simple concentrate downstream investment in Saudi clusters and Red Sea-oriented flows. cut everything else. โ๏ธ
Why Petronas wants full control?
With 100% ownership, Petronas can:
โ Choose its own crude slates not just Arab grades tied to Aramco supply agreements
โ Optimise the refinery for regional product demand without aligning to Aramco's marketing strategy
โ Control a 300 kb/d integrated platform as the anchor of Malaysia's long-term refining and chemicals strategy
When Middle East supply is volatile, feedstock flexibility is everything.
Petronas just bought exactly that. ๐ฐ
The playbook is changing: Saudi downstream capital is moving closer to home.
Asian NOCs are consolidating control over their own refining infrastructure.
Every Gulf producer is making the same calculation right now.
PRefChem is just the first major equity exit to become public. โก
๐จ๐๐๐ฃ๐๐ก ๐๐ ๐ฃ๐๐๐๐ก๐๐๐ฅ๐๐ก ๐๐๐ฅ๐ฆ๐๐ ๐
Assalamualaikum wbth
Ta chia hau
Vanekam
Salam Sejahtera
Terima kasih kepada semua yang hadir dari seluruh negara dan yang sedang menuntun. Saya minta maaf banyak-banyak sebab kami ๐ถ๐ฏ๐ฅ๐ฆ๐ณ ๐ฆ๐ด๐ต๐ช๐ฎ๐ข๐ต๐ฆ kehadiran. Kami ingat paling ramai yang akan hadir ialah beberapa ratus orang sahaja, tetapi bila borang online dibuka, dalam tempoh 24 jam telah mencecah hampir 2,000 orang.
Mewakili sahabat-sahabat termasuk Saudara Nik dan beberapa orang lain yang mengusahakan acara hari ini, sekali lagi saya mohon maaf atas segala kekurangan.
Saya berharap orang ramai yang hadir, yang mengikuti live streaming, bertanya soalan yang sama yang saya selalu tanya kepada diri sendiri.
Sebenarnya kita ni nak apa? Tidak cukupkah apa yang ada? Kebanyakan dari kita ada hidup yang memadai. Kita tidak kaya tetapi kita tidak miskin. Kalau kita rasa hidup kita susah, ramai lagi yang lebih susah dari kita. Sebahagian besar dari kita tidak berniat memegang jawatan awam, kita lebih selesa dengan kehidupan yang ada.
Jadi kenapa nak susah-susah? Kenapa nak bersesak-sesak dalam dewan ini, dah lah bas tidak disediakan. Kena bayar duit sendiri ada lah.
Saya tanya soalan ini berkali-kali kepada diri saya. Dan saya ada tabiat kurang baik โ saya tanya soalan dan saya jawab sendiri.
ุงูุง ููู ูุงูุง ุงููู ุฑุงุฌุนูู
ุงูููู ุงุบูุฑูู ูุงุฑุญู ู ูุนุงูู ูุงุนู ุนูู
Terima perkhabaran duka pulangnya ke rahmatullah, Allahyarham Ustaz Dr. Abdul Halim El-Muhammady, Mantan Timbalan Presiden ABIM ( 1987 - 1995).
Semoga Allah mengampuni roh Allahyarham dan tempatkannya bersama para solihin. Aamiin YRA
Takziah diucapkan buat seluruh ahli keluarga Allahyarham. Didoakan agar sabar dan tabah atas kehilangan ini.
๐จ BREAKING
IRAN'S SUPREME LEADER JUST NOW:
Iran is on the verge of becoming a major power
We are entering a new era in terms of control over the Strait of Hormuz
To our southern Arab neighbors: You are witnessing a miracle; beware of false promises and do not let them humiliate you
Malaysia: Rakan ekonomi Amerika Syarikat yang boleh dipercayai! ๐ฒ๐พ๐ค๐บ๐ธ
Saya berkongsi pandangan dengan The Heritage Foundation di Washington, D.C. mengenai peranan Malaysia sebagai rakan dagang yang kukuh. Kita pelengkap, bukan pesaing, kepada kuasa ekonomi A.S.
Mari kita terus bina kerjasama yang saling menguntungkan!
#TZA #MITI #PemacuPotensiGlobal #MADANIBekerja #USA #Malaysia
Terima kasih Pearly-Thinaah!! Penampilan debut Olimpik yang luar biasa dan membanggakan! Jangan menyerah! Cuba lagi di masa hadapan!
#KitaSemuaTeamMAS#OlympicGames