The week was marked by several notable political incidents, including Malaysia declaring its trade deal with the U.S. invalid following a Supreme Court ruling that Trump's tariffs were illegal. Malaysia's Trade Minister Johari has emphasized the need for Malaysian exporters to comply with labor and environmental standards to avoid potential disruptions. Despite Iran's willingness to negotiate, President Donald Trump has refused to do so, stating that the US has already achieved its objectives and has issued an ultimatum to Iran over the opening of the Strait of Hormuz, a crucial chokepoint for global oil supplies.