Indonesia’s former trade minister Gita Wirjawan - Stanford visiting scholar and host of the Endgame podcast - joins Ray Powell and Jim Carouso to unpack what the closure of the Strait of Hormuz means for Southeast Asia and why it is more than just an oil shock.

With a significant share of the region’s energy flowing through this narrow chokepoint, the disruption is exposing how vulnerable Southeast Asia really is. Most countries hold only weeks to a couple of months of fuel reserves, and governments like Indonesia - already facing higher-than-expected oil prices - are being forced into difficult tradeoffs between subsidies, social progr ...