Malaysian Prime Minister Mahathir Mohamad gives a speech at the Eastern Economic Forum in Vladivostok, Russia, Sept. 5. Photo: Vladimir Smirnov/AFP via Getty Images
Malaysian Prime Minister Mahathir Mohamad has submitted his resignation to the country's king, he confirmed in a statement on Monday.
Why it matters: The 94-year-old has been the world's oldest prime minister since coming to power in 2018, and his resignation shocked many, amid "rumours that he may form a new coalition without his designated successor, Anwar Ibrahim," per the BBC. His party has "exited the ruling coalition, kicking off a race to form the next government," Bloomberg notes.
Editor's note: This article has been updated with new details throughout.