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Time to Cash In? Indonesia Adopts Iran's Strategy to Generate Revenue from the Malacca Strait Foreign Minister Purbaya Yudha Sadewa proposed implementing a toll similar to what Iran does in the Strait of Hormuz for ships passing through the Malacca Strait—which borders Indonesia, Malaysia, and Singapore. "Indonesia isn't a fringe player. We're on the strategic global trade and energy route. Ships are passing through without any fees—I'm not sure if that's right," he mentioned at a symposium, speculating that if split three ways, "That could be a pretty hefty amount." He then quickly walked back his statement, saying, "If only it could be like that." President Prabowo Subianto previously highlighted that Indonesia controls 70% of East Asia's energy flow: "Do we realize how crucial we are?" Indonesia, Malaysia, and Singapore jointly manage the Malacca Strait under international law (UNCLOS). A critical point—with a narrowest width of 2.8 km—links the Indian Ocean to the South China Sea and: 1. handles about 30% of global maritime trade 2. transports 23–25 million barrels of oil every day 3. supplies around 80% of China's crude oil imports #SelatMalaka #Indonesia #Laut $BTC {future}(BTCUSDT)
Time to Cash In? Indonesia Adopts Iran's Strategy to Generate Revenue from the Malacca Strait

Foreign Minister Purbaya Yudha Sadewa proposed implementing a toll similar to what Iran does in the Strait of Hormuz for ships passing through the Malacca Strait—which borders Indonesia, Malaysia, and Singapore.

"Indonesia isn't a fringe player. We're on the strategic global trade and energy route. Ships are passing through without any fees—I'm not sure if that's right," he mentioned at a symposium, speculating that if split three ways, "That could be a pretty hefty amount."

He then quickly walked back his statement, saying, "If only it could be like that."

President Prabowo Subianto previously highlighted that Indonesia controls 70% of East Asia's energy flow: "Do we realize how crucial we are?"

Indonesia, Malaysia, and Singapore jointly manage the Malacca Strait under international law (UNCLOS).

A critical point—with a narrowest width of 2.8 km—links the Indian Ocean to the South China Sea and:

1. handles about 30% of global maritime trade

2. transports 23–25 million barrels of oil every day

3. supplies around 80% of China's crude oil imports

#SelatMalaka #Indonesia #Laut

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