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Saudi and UAE seek bigger overseas oil stockpiles amid Iran conflict

The push targets increased reserves in Japan and South Korea as regional conflict raises concerns about supply routes.

Reported · Written up by our desk · Energy

The New York Times Business reports that Saudi Arabia and the United Arab Emirates are working to expand oil stockpiles overseas, with new or larger reserves planned for Japan and South Korea.

The effort is tied to heightened risk from the Iran war, which is expected to disrupt regional supply routes and complicate oil flows to key markets.

According to the report, expanding these stockpiles is aimed at strengthening energy security for the countries reliant on those import routes.

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