The vulnerabilities of Hormuz and Malacca are fundamentally different – but a closure of the Strait of Malacca would be far worse.

The vulnerabilities of Hormuz and Malacca are fundamentally different – but a closure of the Strait of Malacca would be far worse.

Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.