10 suspects arrested in Puchong as part of a forex scam sting; U.S. markets fear rising oil prices and inflation from Middle East instability.

🇲🇾 Malaysia News

Police in Malaysia have dismantled a fraudulent investment syndicate operating out of a call center in Bandar Puteri Puchong. Ten suspects were arrested, and authorities believe the group had been running forex scams targeting both Malaysians and foreigners, with total reported losses nearing RM400,000.

🌍 International Markets

With the Israel–Iran conflict intensifying, economists warn of a potential global economic impact. The Strait of Hormuz, which handles 20% of the world’s oil, is at risk of disruption—potentially triggering an energy price spike. Despite U.S. energy independence, experts warn the consumer burden could grow, especially when combined with tariff shocks and lingering inflation.

 📲 For more updates and global insights, visit: agn.alps-holdings.com