It has been two months since the start of the Iran War and the closure of the Strait of Hormuz, a vital artery carrying 20% of the world’s oil and 40% of Malaysia’s crude imports. Despite early optimistic projections of a four-week resolution, the deadlock has entered its ninth week, with global supply losses reaching 1 billion barrels.

So, is this still just a "temporary shock"?

Brian Coulton, Chief Economist at Fitch Ratings, joins The Breakfast Grille to audit the growing stagflation threat, a toxic mix of rising prices and falling output. We explore why Asia is uniquely exposed as a net oil importer, why equity markets are dangerously disconnected from energy realities, and why the "fragile" global job market is the real trigger for a 2026 recession.

Image Credit: Shutterstock

It has been two months since the start of the Iran War and the closure of the Strait of Hormuz, a vital artery carrying 20% of the world’s oil and 40% of Malaysia’s crude imports. Despite early optimistic projections of a four-week resolution, the deadlock has entered its ninth week, with global supply losses reaching 1 billion barrels.So, is this still just a "temporary shock"?Brian Coulton, Chief Economist at Fitch Ratings, joins The Breakfast Grille to audit the growing stagflation threat, a toxic mix of rising prices and falling output. We explore why Asia is uniquely exposed as a net oil importer, why equity markets are dangerously disconnected from energy realities, and why the "fragile" global job market is the real trigger for a 2026 recession. Image Credit: Shutterstock

Sharper and stronger than a double espresso. The Morning Run stretches your mind and braces you for the business day. It's your fast track into work where you can hit the ground running. From 6am to 10am weekdays, the Morning Run brings you the biggest stories and must-listen-to interviews. Stay enlightened, make educated business and investment decisions.

The Breakfast Grille

Featuring the cream-of-the-crop as well as the controversial, the Breakfast Grille is the flagship show of BFM. Expect no-holds-barred interviews to get to the truth and into the minds of business leaders, policymakers and changemakers.

1 Billion Barrels Lost: Fitch Ratings on Stagflation Risks

The European Union has not been spared geopolitical whiplash under the Trump administration as US-China competition, the war in Ukraine and the crisis in the Middle East upends the global order. How is the bloc navigating these challenging times and how is this shaping its relations with Malaysia? We catch up with H.E. Rafael Daerr, EU Ambassador to Malaysia on the eve of Europe Day.

The European Union has not been spared geopolitical whiplash under the Trump administration as US-China competition, the war in Ukraine and the crisis in the Middle East upends the global order. How is the bloc navigating these challenging times and how is this shaping its relations with Malaysia? We catch up with H.E. Rafael Daerr, EU Ambassador to Malaysia on the eve of Europe Day.

EU Seeking Solidarity in a Fragmented World

Is the world on the brink of a recession?



10 weeks into the paralysis of the Strait of Hormuz, the global market is still missing between 10 to 15 million barrels of oil daily, and the longer this goes on, the darker the economic scenarios look.



Dr. Gaurav Ganguly, Head of International Economist at Moody’s Analytics, joins the Breakfast Grille to unpack Asia’s ‘Two-Part Story’, where Asia’s weakness in energy is offset by a surge in electronics exports due to the AI boom.



We explore why Malaysia’s RM5 billion monthly subsidy bill is testing the absolute limits of fiscal resilience, how the supply shock could trigger a "wage-price spiral" that threatens to break the global labor market, and what this prolonged shock means for the permanent re-ordering of the global order.

Is the world on the brink of a recession?10 weeks into the paralysis of the Strait of Hormuz, the global market is still missing between 10 to 15 million barrels of oil daily, and the longer this goes on, the darker the economic scenarios look.Dr. Gaurav Ganguly, Head of International Economist at Moody’s Analytics, joins the Breakfast Grille to unpack Asia’s ‘Two-Part Story’, where Asia’s weakness in energy is offset by a surge in electronics exports due to the AI boom.We explore why Malaysia’s RM5 billion monthly subsidy bill is testing the absolute limits of fiscal resilience, how the supply shock could trigger a "wage-price spiral" that threatens to break the global labor market, and what this prolonged shock means for the permanent re-ordering of the global order.

Oil Shock: Is Asia’s Tech Boom Enough to Avert a Recession?

MARA Liner Group has been connecting rural communities across the country for decades, but with rising costs and low margins, can that model hold? New CEO Wan Agyl Wan Hassan discusses the challenges of transforming a legacy bus operator through digitalisation, diversification, and operational reform while navigating thin margins.

MARA Liner Group has been connecting rural communities across the country for decades, but with rising costs and low margins, can that model hold? New CEO Wan Agyl Wan Hassan discusses the challenges of transforming a legacy bus operator through digitalisation, diversification, and operational reform while navigating thin margins.

1 Billion Barrels Lost: Fitch Ratings on Stagflation Risks

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