A special Cabinet meeting is being held today to evaluate the short-, medium-, and long-term implications of the deepening United States–Iran conflict on Malaysia's economy and public welfare. Deputy Prime Minister II Datuk Seri Fadillah Yusof stated that the meeting will examine the government's preparedness to respond to developments in the region, particularly those affecting national energy security and cost of living. A special committee, chaired by Second Finance Minister Datuk Seri Amir Hamzah Azizan, has already been formed to conduct a detailed assessment of the situation. 

The conflict has already triggered significant economic concerns, with global oil prices surging toward US$100 per barrel due to the closure of the Strait of Hormuz. Prime Minister Datuk Seri Anwar Ibrahim has warned that the government may struggle to sustain current fuel subsidies if prices remain elevated, with experts suggesting the price of RON95 could revert to RM2.05 per litre. Despite these pressures, the Ministry of Finance has clarified that targeted fuel subsidies are being maintained for now, with RON95 staying at RM1.99 per litre under the Budi95 scheme. 

In addition to economic measures, the government is prioritizing the safety of Malaysians in the affected region. The first evacuation flight has successfully repatriated 163 Malaysians from West Asia. However, the Malaysian Offshore Seafarers Association (MOS) confirmed that 18 Malaysian seafarers are still operating on vessels within the conflict zones. To practice fiscal discipline during this period, several states, including Penang, have announced they will hold only modest Aidilfitri open house celebrations.