As missiles fly in the Middle East bringing the entire region to the brink of another major war, oil price seems to be holding up worldwide.

Although the cheaper petrol variant has not been available in Malaysia since 2009, it is still used in many parts of the world, including developed countries.

Isham Jalil says the excuses put forward by the government are not fact-driven and defy logic.

The Opec+ group decided to add 648,000 barrels per day to the market in July, up from the 432,000 bpd increases in recent months, and a shift from the cartel's recent stance of sticking to a planned pace of monthly production hikes.

The UAE and other producing nations want to raise their agreed output baselines to meet rising demand as pandemic restrictions are relaxed.