When Indonesia’s Finance Minister Purbaya Yudhi Sadewa floated the idea last week of charging a toll for vessels passing through the Strait of Malacca – inspired by Iran’s moves in the Strait of Hormuz – it set off alarm bells among insurers and Asian importers. While Indonesia quickly walked back the suggestion, it underscored a growing reality, analysts say: what was once a rules-based order governing maritime navigation is becoming a more dangerous, expensive, and, above all, politicised business. Recommended Stories list of 3 items list 1 of 3 Trump slams Germany’s Merz again as rift over Iran war widens list 2 of 3 US military equipment worth billions of dollars destroyed in Iran war list 3 of 3 UN chief calls for immediate reopening of the Strait of Hormuz end of list “We have not seen the oceans this turbulent and dangerous,” said Elisabeth Braw, senior fellow with the Atlantic Council’s Scowcroft Center for Strategy and Security, since “when countries met to establish rules” decades ago.…