Asia’s energy dependence on the Middle East, combined with its combustible politics, calls for urgent attention to the fallout from an outbreak of conflict. If the Strait of Hormuz, a critical chokepoint between Oman and Iran, is compromised, Asian economies could be knocked onto their knees.
Recently the Suez Canal, another global chokepoint, has been blocked by a grounded container ship and could disrupt worldwide shipments for days. A blockage in the Strait of Hormuz, which accounts for c.30% of global seaborne oil trade and has frequently experienced disputes, threats and attacks, would have ramifications far more devastating.
To learn more, read the articles
- Why Asia musn’t forget the Middle East ‘grey rhino’ in The Straits Times (Singapore) by AWR Lloyd CEO Alex Wood and MetisAsia Founding Partner Sam Olsen
- Blockage of shipping lines in the Suez Canal and ramifications for the Strait of Hormuz in The Economic Times (India) by AWR Lloyd MD Rajat Kapoor
- Sam Olsen from MetisAsia and Alex Wood discuss the Strait of Hormuz – the world’s biggest energy chokepoint.
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