Kuala Lampur, May 15 -- MAY 15 - Even if the war in West Asia were to stop tomorrow, the world economy would not suddenly return to normal.

The illusion ceasefire alone can instantly stabilize global energy markets misunderstands the deeper structural damage already inflicted upon the international system.

Their economic aftershocks travel far beyond the battlefield and linger long after political leaders declare victory or ceasefire.

At the center of this crisis remains the Strait of Hormuz. Roughly one-fifth of global oil flows move through this narrow maritime artery.

A substantial percentage of liquefied natural gas exports also passes through the same corridor.

When uncertainty surrounds Hormuz, the world does not merely fear sh...