KUALA LUMPUR – Escalating tensions between the United States (US) and Iran could trigger a regional conflict with catastrophic global consequences, potentially even leading to a third world war, Malaysia has warned.
Foreign Minister Datuk Seri Mohamad Hasan stated that the use of trade and economic pressure as a political weapon has destabilised global equilibrium.
He described such actions as a "new form of colonialism" that threatens international peace and economic stability.
“We regret that free trade is being used as a weapon to exert pressure. To me, this is a new form of colonialism,” he said, noting that Malaysia itself had been affected by tariffs imposed under the previous US administration.
Mohamad noted that Malaysia was subjected to a 19 per cent tariff, while nations such as Canada and Mexico faced even higher rates despite long-standing trade relationships.
“This is not how international practice should work. When President Trump (US President Donald Trump) did this, he broke the world’s equilibrium; political equilibrium became chaotic and trade equilibrium was disrupted,” he said.
He further observed that global trade mechanisms have weakened, pointing out that the World Trade Organisation (WTO) is no longer functioning as the primary platform for resolving international disputes.
“Previously, we had the WTO as a foundation for global trade, but today it is no longer being respected or used effectively,” he added.
Addressing concerns over Iran’s position and the impact of broader US sanctions, Mohamad emphasised that Malaysia views the issue from the perspective of the international community rather than through a purely bilateral lens.
He warned that sustained pressure on Iran could escalate into a regional conflict with far-reaching political and economic ramifications.
“I hope the United States will think many times over, because this could create a regional war, and if not handled carefully, it could become World War III,” he cautioned.
He added that such a conflict would cause widespread suffering beyond the Middle East, severely impacting Southeast Asia and the global economy.
The Foreign Minister urged all parties to remain calm and return to established bilateral and multilateral platforms to resolve disputes.
He stressed that provocative actions must be avoided and that existing international mechanisms must be respected to prevent further escalation.
“Many countries will suffer, not only in the region but worldwide. Both sides must stay calm, stop provocative actions, and follow existing international mechanisms,” he added.