Asia races to expand oil and gas storage after Strait of Hormuz disruption
Asian economies are moving to expand oil and gas storage closer to home after severe disruption to energy flows through the Strait of Hormuz. The shift comes after months of reduced shipping through the waterway, which normally carries much of the Gulf fuel supply on which the region depends. Governments across the region are now looking for ways to reduce exposure to future conflict in the Middle East.The disruption followed the war between the United States and Israel and Iran six months ago, which triggered sharp price rises and emergency conservation measures across Asia. Those measures included price caps, alternate... [Continue Reading]
360LiveNews | 03 Sep 2026 06:02 LONDON
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