Saudi Arabia and UAE seek to expand oil stockpiles in Japan and South Korea as Iran conflict threatens supply routes

Saudi Arabia and the United Arab Emirates are seeking to expand their oil reserves stored in Japan and South Korea as the ongoing regional conflict with Iran threatens key supply routes. The Gulf giants are moving to secure supplies outside the conflict zone to protect deliveries to major Asian markets. The push reflects growing concern that the Iran conflict could disrupt global oil flows.

Will expanding oil reserves outside the Gulf be enough to stabilise global supplies?

NYT Business · 1h ago · Source ↗

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Saudi Arabia and UAE seek to expand oil stockpiles in Japan and South Korea as Iran conflict threatens supply routes

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