Singapore to store Saudi oil in rock caverns
Agreement with Saudi Aramco aims to secure energy supplies for south-east Asia amid Middle East war disruption
Source: Financial Times
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DW NOTE
Singapore is locking Saudi crude in rock caverns because the Strait of Hormuz has been effectively closed since October 18 — only four ships transited that day versus the normal 85 — and global oil inventories fell 1.9 million barrels per day last quarter. When the trade route shuts, the fallback is permanent storage in a neutral jurisdiction. This isn't disruption planning, it's acknowledgment that the disruption is here.