Gulf states and Asian buyers expand joint oil storage as an immediate Hormuz hedge while pipelines remain years away.
Friday, October 9, 2026
Gulf states and Asian buyers expand joint oil storage as an immediate Hormuz hedge while pipelines remain years away.
Gulf conflict drives Brent toward $100 per barrel as Hormuz disruptions mount, yet UAE export capacity signals a swift supply surge once stability returns.
Iran war roils energy markets: Brent tops $92, Hormuz choked, Qatari LNG halted. Strategic reserves cushion.