Iran’s closure of the Strait of Hormuz has dealt a shuddering blow to energy markets. But the strait is not the world’s only maritime pinch-point, or even its busiest or oiliest. We gauge the vulnerability of seaborne trade that goes through the others, from the Strait of Malacca to the Panama Canal.

A new anxiety is gripping Russia’s biggest cities. The security services have been blocking the internet—including Telegram, the country’s most popular messaging platform. That’s angering officials and pro-war bloggers as well as ordinary Russians.

In the latest edition of The Insider, Christine Lagarde, the president of the European Central Bank, takes a sober view of the impact of the energy shock and opines on Europe’s role in a much-changed world. You can watch it from 6pm London time.