Hormuz crisis erodes global maritime legal order, Kuala Lumpur forum hears
- The Hormuz crisis is eroding the international legal framework governing freedom of navigation, creating uncertainty for policy makers elsewhere
- Malaysia’s shipping policy maker expresses confidence that the Strait of Malacca will remain secure but warns of broader economic fallout
- Compliance headaches are growing as sanctions expand the shadow fleet, complicating business decisions and regulatory oversight
The Hormuz crisis is rewriting the rules of the sea, with international maritime law unravelling, shadow fleets multiplying and a recession looming
