KUALA LUMPUR, June 15 (Bernama) -- Bursa Malaysia’s key index advanced at Monday’s close, tracking gains across regional equities as geopolitical risk sentiment improved following an interim agreement between the United States and Iran to reopen the Strait of Hormuz, said analysts. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 7.76 points, or 0.46 per cent, to 1,691.39 compared with last Friday's close of 1,683.63. The key index opened 6.76 points higher at 1,690.39 earlier today and moved between 1,688.04 and 1,697.48 throughout the session. Market breadth was positive, with gainers outpacing losers 789 to 483, while 467 counters were unchanged, 1,034 untraded and 36 suspended. Turnover surged to 5.02 billion units worth RM3.91 billion from 2.79 billion units worth RM2.31 billion last Friday.
The US-Iran peace deal has put the spotlight back on one of the world’s most critical energy chokepoints, the Strait of Hormuz with major implications for global markets, inflation, and trade flows. Why the Strait of Hormuz Is So Important The Strait of Hormuz is not just another shipping route: Handles ~20% of global oil and LNG supply Key exporters: Saudi Arabia, UAE, Iraq, Qatar, Iran Majority of shipments flow to Asia This single chokepoint is the backbone of global energy trade. War Impact: Supply Shock and Price Surge Since the conflict began: Ship traffic plunged from ~135 to fewer than 10 vessels per day Oil producers were forced to cut output due to storage constraints Oil prices surged due to supply disruption fears This triggered global inflation pressure and market volatility. What the Peace Deal Changes The interim agreement includes: Ceasefire between US and Iran Plan to reopen the Strait “immediately” after signi...