Malaysian Prime Minister Mahathir Mohamad submits resignation to king

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.

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Editor's note: This article has been updated with new details throughout.