Energy · Press ✓ 3 outlets
Asia races to stockpile oil, and Saudi Arabia and the UAE back a Japanese-led buffer plan
Asian governments are racing to stockpile oil and speed up renewables in response to the Iran war, Reuters and CNA reported. Bloomberg reported Saudi Arabia and the UAE will support a Japanese initiative to bolster oil supplies in Southeast Asia.
Southeast Asia imports much of its oil and has thin buffers.
More reserves can soften price spikes over time.
Watch whether Singapore joins the buffer plan.
DailyDrop Singapore edition No. 5 · Morning · FRI., OCT. 9, 2026