Some personal opinions - at set-up, don't worry about the resources in Malaya. Maybe later you can send them to the Chinese for a while, depending on choices by both sides in the US Entry system.
I also prefer to use the CW convoys to maximize French production for a few turns - including delivering the New Caledonia resource to France. This will require using Oil resources in the UK factories instead of saving that Oil, but if the USA plays the entry option Resources to Western Allies ASAP, the CW can soon begin saving a massive oil bank in Canada, starting on the 2nd or 3rd turn.
A basic choice is to use the Mediterranean or not. I would not, though while attempting to keep supply to Malta from both directions (with a single Convoy Point while playing with the Limited Overseas Supply optional, one commonly used) the resource in Cyprus can reach a Home Country economy, some turns. And yes I game that idea by using the French convoys for the high-risk work.
If playing with Oil rules, remember that you don't need to move the Oil you use for units anywhere, you just have to trace a legal supply path to the Oil resource hex from the oil-dependent unit. However you do have to save Oil coming in from another country before your units can use it (though not if used to create Build Points in your factories - confused yet?). So the resource Iraq sends to France can be saved in Syria on Turn 1 and then units can trace to it there starting on Turn 2, including via around Cape Horn. (WiF logistics are kept simple and playable). Alternatively it can be shipped to France and used for production even on the first turn, but France should never run completely out of saved oil. One option is to have the CW or USA send a few to Martinique for use by French oil-dependent units.
Although most people here extoll the virtues of Germany attacking everything in sight on the first turn, you can't count on the Germans doing that. There are ways for Germany to defeat France without ever attacking the Netherlands and thus giving the CW 6-10 free CPs, depending on some overrun die rolls. This puts more pressure on the CW convoy lines....and then maybe eventually on the Murmansk run as well.