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Market Chatter: Australian PM to Visit Malaysia to Boost Energy Cooperation Amid US-Iran War

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Australian Prime Minister Anthony Albanese will visit Malaysia from April 15 to April 17, as Kuala Lumpur seeks to strengthen energy security cooperation during ongoing global uncertainty, The Star reported Tuesday.

Malaysia's Foreign Ministry said closer engagement with Australia will help ensure stable access to key resources such as liquefied natural gas, which is vital for power generation and industrial use. The visit is also expected to advance collaboration in food security, investment and technology to cushion external shocks, the report said.

The ministry said disruptions in the Strait of Hormuz could hit Malaysia's crude imports, as Australia supplies most of its LNG while Malaysia exports fuel in return, according to the report.

Leaders are expected to issue a joint statement on energy security and oversee the signing of a halal meat partnership deal between the Department of Islamic Development Malaysia and the Department of Agriculture, Fisheries and Forestry, the news outlet said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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