In late February 2026, the United States and Israel carried out coordinated illegal military strikes on Iran, which is a sovereign country. Within the first few days, they bombed a school full of young Iranian girls and assassinated Ayatollah Ali Khamenei, the Iranian head of state. This set off a rapidly escalating regional conflict, with Iran attacking US military bases in neighbouring Gulf countries, as well as restricting ships from entering the Strait of Hormuz, one of the most important arteries of the global economy.

So what does this escalation mean for global energy markets, trade, and economic stability. Where does ASEAN and Malaysia stand in all of this? After all, in Malaysia, our subsidies maintain how much we have to fork out for fuel as consumers, but the actual price has skyrocketed which will have tremendous ripple effects. 

We unpack all of this and more with Yin Shao Loong, Deputy Director of Research, Khazanah Research Institute. 


Image Credit: Shutterstock

In late February 2026, the United States and Israel carried out coordinated illegal military strikes on Iran, which is a sovereign country. Within the first few days, they bombed a school full of young Iranian girls and assassinated Ayatollah Ali Khamenei, the Iranian head of state. This set off a rapidly escalating regional conflict, with Iran attacking US military bases in neighbouring Gulf countries, as well as restricting ships from entering the Strait of Hormuz, one of the most important arteries of the global economy.So what does this escalation mean for global energy markets, trade, and economic stability. Where does ASEAN and Malaysia stand in all of this? After all, in Malaysia, our subsidies maintain how much we have to fork out for fuel as consumers, but the actual price has skyrocketed which will have tremendous ripple effects.&nbsp;We unpack all of this and more with Yin Shao Loong, Deputy Director of Research, Khazanah Research Institute.&nbsp; Image Credit: Shutterstock

As they say, democracy doesn't begin and end at the ballot box. 
On Beyond the Ballot Box, we have in-depth conversations about political economy and human rights in Malaysia, Southeast Asia, and around the globe through a class prism.

As they say, democracy doesn't begin and end at the ballot box. On Beyond the Ballot Box, we have in-depth conversations about political economy and human rights in Malaysia, Southeast Asia, and around the globe through a class prism.

Beyond the Ballot Box

As they say, democracy doesn't begin and end at the ballot box. On Beyond the Ballot Box, we speak to politicians and analysts and explore burning issues and questions surrounding our fluid and ever-changing political scene.

As they say, democracy doesn't begin and end at the ballot box. On Beyond the Ballot Box, we speak to politicians and analysts and explore burning issues and questions surrounding our fluid and ever-changing political scene.