Malacca Watches: How the Hormuz Vacuum Is Educating the World’s Largest Chokepoint
The Malacca Strait carries 23.2 million barrels per day, 29 percent of global seaborne oil, through a 900km corridor with no treaty-backed toll authority. Between 20 and 24 April, six major outlets ran Malacca explainers triggered by the Hormuz vacuum. Asian capitals are pricing in what had been a dormant vulnerability. The Hormuz crisis is teaching the world what the cost of ungoverned chokepoints actually looks like.