KUALA LUMPUR — A PKR leader has urged the United States to compensate countries affected by conflicts it has spared in West Asia, including Malaysia, amid mounting economic fallout from geopolitical tensions.
Selangor PKR state election Dr Sathia Prakash Nadarajan said such claims should be formally channelled through the US Embassy.
“The impact of war and economic sanctions does not only affect directly involved nations, but also drags developing countries into economic instability they should not have to bear.
“As such, we have the right to make representations through the US Embassy for accountability and to consider compensation for the economic consequences faced by other nations,” he said in a statement, reported Malaysiakini.
He was commenting on rising tensions involving the United States, Israel and Iran, and their implications on Malaysians, particularly in terms of cost of living and trade pressures.
The conflict involving Iran, the US and Israel has had a direct impact on the global economy, especially through rising oil prices caused by supply disruptions in West Asia. This has led to increased fuel, logistics and energy costs worldwide.
The ripple effects have intensified inflationary pressures as production costs rise, pushing up the prices of goods and services.
At the same time, geopolitical uncertainty has dampened investor confidence and slowed global economic growth. Financial markets have also experienced heightened volatility, with developing countries that rely heavily on energy imports among the hardest hit.
Sathia stressed that major powers such as the US should not be allowed to trigger conflicts without considering the broader consequences on third-party nations.
He added that Malaysia must be bold in asserting its rights on the diplomatic stage to safeguard public welfare from external geopolitical shocks.
“It is reasonable for affected countries to demand that those responsible consider compensation mechanisms or economic assistance.
“This is to offset losses borne by ordinary citizens who are most affected by rising prices and market instability,” he said.— April 6, 2026