Vietnam has suspended a second oil drilling project in the South China Sea in less than a year, after pressure from China which claims a large swath of the sea, Reuters reported on Friday, quoting three sources with direct knowledge of the matter. Vietnam’s government ministries have suspended the project until the country’s decision-making body, the politburo, makes the final decision whether the project should be suspended or terminated indefinitely, according to one of Reuters’ sources. The dispute in the South China Sea involves territorial claims by China as well as Vietnam, the Philippines, Taiwan, Brunei, and Malaysia. China has territorial claims to about 90 percent of the South China Sea, which has put it at odds with its neighbors. Apart from being a critical global trade route, the South China Sea is estimated to hold around 11 billion barrels of oil and 190 trillion cubic feet of natural […]