Indonesia walks back proposal of Malacca Strait toll
- Indonesia’s finance minister quickly shot down his proposal to levy fees on Malacca transits after briefly floating the idea
- Malaysia and Singapore pointed to a co-operative framework for Malacca
- Closure of Malacca will disproportionately disrupt global trade and energy supply
As fears grow over the spillover of Iran’s closure of Hormuz, the global spotlight has shifted toward the Strait of Malacca
