SAFE HAVEN
Gulf producers look to Asia for safer storage of their crude oil
The plan could give Japan and South Korea a bigger cushion against supply disruptions, although Japan may not have enough spare tank capacity
Simon Dawson/Bloomberg via Getty Images
Storage tanks stand at an oil processing facility in Saudi Aramco's Shaybah oilfield
Add The Circuit on GoogleSaudi Arabia and the UAE are looking far from home for safer places to store their oil, pushing to expand stockpiles in Asia as the Strait of Hormuz remains dangerous because of the U.S.-Iran war.
The two Gulf...
