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Prime Minister Anwar Ibrahim has welcomed reports of an agreement between the United States and Iran, calling it positive news for global peace and stability amid escalating tensions in the Middle East region.
Oil prices edged higher on Friday as concerns mounted over the durability of a fledgling US-Iran peace accord, with cancelled diplomatic talks and escalating Israeli military action in Lebanon adding to market caution.
Oil prices declined over 2% following a US-Iran ceasefire agreement that would restore shipping through the Strait of Hormuz and lift sanctions on Iranian crude, reshaping global energy supply dynamics.
Prime Minister Anwar Ibrahim voiced confidence that a US-Iran peace agreement could be finalized within 60 days, citing positive signals from Pakistani and Russian counterparts engaged in mediation efforts.
Iran and the United States have formally completed a 14-point memorandum of understanding designed to terminate their conflict, with both presidents signing the agreement. The deal focuses on nuclear matters and sanctions relief over a 60-day negotiation period.
Thailand's Prime Minister Anutin Charnvirakul has expressed strong support for reported ceasefire negotiations between the US and Iran, arguing that resolution of West Asian tensions would stabilise global commodity markets and strengthen regional economic prospects.
Prime Minister Anwar Ibrahim has welcomed a breakthrough understanding between the United States and Iran to end hostilities, commending Pakistan's mediation role and urging rapid implementation to restore shipping through the Strait of Hormuz.