KUALA LUMPUR, April 21 -- The government is focusing on policy adjustments to manage cost pressures while simultaneously ensuring the supply of basic necessities needed to address the impact of the global supply crisis.

Economy Minister Akmal Nasrullah Mohd Nasir said the situation in the Strait of Hormuz has not yet shown a convincing resolution, despite certain diplomatic developments.

"The issue is not only whether the physical supply is disrupted or not, but also involves risk premiums, insurance costs, logistics, delivery delays, and disruptions to the global supply chain.

"What we are facing now is no longer a short-term shock. This is not just an issue of oil prices, but has evolved into a global supply crisis affecting energy c...