Kuala Lumpur, July 2 -- Malaysia's economy remains resilient thanks to its long-term and comprehensive economic strategy, despite geopolitical tensions in the Middle East that have raised concerns about the possible closure of the Strait of Hormuz and disruption to global energy supplies, according to the Ministry of Trade, Investment and Industry (MITI).

Malaysia's consistent approach of diversifying into new markets has allowed the country to stay competitive and resilient against external pressures, Director of the ministry's bilateral economic and trade relations division Raveendran Nair said at Universiti Kebangsaan Malaysia forum Bicara Persada, themed "Iran - Israel War: Implications for Malaysia and the New World Order".

He said...