Singapore and Indonesia have pledged to keep the Strait of Malacca open, safe and accessible to all, elevating maritime security to the forefront of a bilateral relationship that both countries see as critical to regional stability.

The Strait of Malacca is the world’s largest oil chokepoint in terms of transit volume, according to the US EIA.

Indonesia and Singapore vowed on Monday that the Strait of Malacca, a critical oil transit chokepoint in the region, will remain "accessible" even as Iran imposes fees on ships…