His 1st major blunder was the 2010 youth olympics event.
There are 4 littoral states (Malaysia, Indonesia, Thailand and Singapore) that manage and secure the strait of malacca and all of them are members of UNCLOS.
However, Malaysia, Indonesia and Thailand had negotiated with Iran for a safe Hormuz passage despite being members of UNCLOS.
We will let our viewers decide on this for themselves but we do respect these UNCLOS members for fighting for the interest of their citizens.
What will likely happen when we don't negotiate with Iran?
Since SG had announced that it won't negotiate with Iran for a safe Hormuz passage, SG would have to buy oil and gas from other regions (not Middle East) because it had no other cards to play. This will proffer other countries the opportunity to take advantage of SG's predicament by importing from the Middle East and reselling to SG at higher prices that will include the Hormuz toll and agent fee. Thus, SG will be paying an indirect Hormuz toll and incurring additional agent fee since it doesn't want to buy from the Middle East directly.
Conversely, SG can buy oil and gas that are not from the Middle East but no countries will sell their oil and gas cheaply to SG because they know SG doesn't have any alternative (no Middle East oil and gas).
All businessmen are shrewd and they will be profiteering from this oil and gas crisis. This is just a harsh reality.








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