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Indonesia, Malaysia and Singapore pledge to keep Malacca Strait open

The three governments cited disruption in the Strait of Hormuz after Iran closed it, warning that shipping chokepoints cannot be taken for granted.

Reported · Written up by our desk · Energy

Indonesia, Malaysia and Singapore have reaffirmed their commitment to keep the Strait of Malacca free and safe for international shipping, according to OilPrice.

The outlet said the Strait of Malacca is a key artery for commodity traffic, including crude oil and refined petroleum products, as it is the shortest route from the Middle East to Asia.

OilPrice noted the Malacca channel has been under increased monitoring since the war in Iran began at the end of February, when Iran closed the Strait of Hormuz and trapped millions of barrels of oil supply in the Persian Gulf.

Singapore Transport Minister Jeffrey Siow said events in the Middle East this year showed that open sea lanes cannot be assumed, adding that the three states will work to keep the Malacca and Singapore straits free, open and safe for vessels.

Latest closeWTI crude $82.40 ▲1.4%

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