Shea Levin — text status

🇸🇦🇸🇬 - NEWS: Saudi Arabia to Store Oil in Giant Caverns 150 Meters Under Singapore to Bypass Hormuz Chaos - Saudi Arabia will store crude oil at Singapore's Jurong Rock Caverns, 150 meters underground on Jurong Island, starting in the second half of 2027, Singapore's Minister for Trade and Industry Tan See Leng announced Monday. The caverns hold up to about 9 million barrels - The move comes after the Iran war choked supplies through the Strait of Hormuz. "Bringing supply closer to key Asian markets would strengthen the flexibility of our supply network," Saudi Energy Minister Prince Abdulaziz bin Salman said