Article #22244

South China Morning Post - World News

South China Morning Post - World News

Title South Korea draws Gulf oil storage interest as Hormuz stays closed Source South China Morning Post - World News
Description South Korea is drawing growing interest from Middle Eastern oil producers seeking to store crude oil at the country’s petroleum reserve bases, the world’s sixth largest, amid a prolonged blockade of the Strait of Hormuz, a South Korean official and an expert on the matter have said. The strait’s closure in the wake of the US-Israel war on Iran has taken a toll not only on South Korea and other nations dependent on oil imports but also oil-producing countries whose storage tanks are filling up...
Link https://www.scmp.com/news/asia/east-asia/article/3352975/south-korea-draws-gulf-oil-storage-interest-hormuz-stays-closed?utm_source=rss_feed Published At 2026-05-09 01:14:53 (1 month ago)
Created At 2026-05-09 01:16:17 Updated At 2026-05-09 01:16:17