Indonesia, Singapore say key oil passage will remain ‘accessible’

Indonesia and Singapore have pledged to keep the Strait of Malacca accessible, a crucial oil transit route. This assurance was given by Indonesian President Prabowo Subianto and Singaporean Prime Minister Lawrence Wong during discussions in Jakarta on Monday. The commitment comes amidst rising oil prices, exacerbated by the Middle East war, which are impacting Southeast Asia. The Strait of Malacca, bordered by Indonesia, Malaysia, Singapore, and Thailand, is recognized by the US Energy Information Administration as the world's largest oil chokepoint by transit volume. This statement follows Iran's imposition of fees on ships in the Strait of Hormuz.