Tag
The Trump administration is seeking to form an international coalition to protect shipping through the Strait of Hormuz, per a State Department cable seen by Reuters. The strait carries roughly 20% of global oil trade, making any threat there a direct risk to energy prices worldwide.
Singapore PM Lawrence Wong cautioned that allowing any party to weaponise an international waterway creates a dangerous precedent, speaking at a virtual conference on Strait of Hormuz navigation. The remarks carry weight for energy and shipping markets given the strait's role in transiting roughly a fifth of global oil
Tag
The Trump administration is seeking to form an international coalition to protect shipping through the Strait of Hormuz, per a State Department cable seen by Reuters. The strait carries roughly 20% of global oil trade, making any threat there a direct risk to energy prices worldwide.
2mo ago · 1 min · Global Affairs
Singapore PM Lawrence Wong cautioned that allowing any party to weaponise an international waterway creates a dangerous precedent, speaking at a virtual conference on Strait of Hormuz navigation. The remarks carry weight for energy and shipping markets given the strait's role in transiting roughly a fifth of global oil
2mo ago · 1 min · Global Affairs
— End of feed —