Institution: The current Middle East conflict may be temporary

Odaily Planet Daily reports that Fubon Investment Bank analysts stated in a report that the current US-Israel-Iran conflict is expected to be short-lived, similar to last year’s 12-day conflict. Oil prices may temporarily rise but are expected to normalize to a range of $60-70 per barrel. Although rising crude oil prices could increase Malaysia’s fuel subsidy expenses, the government is unlikely to change its 2026 fiscal deficit target of 3.5%. The conflict may strengthen the US dollar and weaken the Malaysian ringgit, putting short-term pressure on the local stock market. Upstream oil, gas, and petrochemical companies may benefit, while airlines like AirAsia X and Westport Holdings could face adverse effects. (Jin10)