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Singapore Foreign Minister Vivian Balakrishnan: Hormuz Strait Disruption Is an Asian Issue

CNBC ·

  1. 1Singapore Foreign Minister Vivian Balakrishnan said US President Donald Trump's claim that a disruption of energy flows through the Strait of Hormuz is an Asian issue is not entirely wrong.
  2. 2Minister Balakrishnan emphasized the importance of maintaining freedom of navigation in international waterways during an interview with CNBC at the Milken Institute Asia Summit in Singapore on Wednesday.
  3. 3Minister Balakrishnan explained that Iran's ability to charge tolls on vessels could provide Iran with more influence than potential nuclear weapons.

So what's the key point?

A disruption in energy flows through the Strait of Hormuz is an issue for Asia. Iran's ability to charge tolls on ships could give the country more influence than nuclear weapons.

Source CNBC · View original ↗

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