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Finance· Commodities

Malacca States Vow to Keep Asia’s Busiest Shipping Route Open

The three states in the Strait of Malacca, the vital shipping lane into Asia, have pledged to keep the world’s busiest maritime thoroughfare free and open to vessels amid the ongoing crisis in the Strait of Hormuz in the Middle East. Indonesia, Malaysia, and Singapore on Tuesday reaffirmed in a joint statement their “shared commitment to keep the Straits open and safe for international shipping.” The Strait of Malacca is the shortest route from the Middle East to Asia and is vital for commodity traffic, including of crude oil and refined petroleum products.

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