Oil prices jumped Thursday after the U.S. launched a fresh round of military strikes against Iran, stoking worries that the Iran war could drag on, disrupting energy supplies for longer. U.S. crude oil futures for July rose 2.94% to $92.68 per barrel. Brent futures, the international benchmark, for August delivery gained 2.52% to $95.45 per barrel.
A raft of companies has been shifting operations to Malaysia from Singapore in recent months, illustrating a broader trend of global mobility that has firms seeking jurisdictions with lower costs, tax incentives and access to larger markets. Apparel giant H&M announced in May that it would relocate its Southeast Asian headquarters from Singapore to Kuala Lumpur, affecting 78 positions. Meanwhile Heineken said in March that it would move large-scale production for its Asia Pacific Breweries...
