Isn't getting crude oil there in the first place the issue? Or am I missing something?
3
Shoddy-Fan-584May 10, 2026
+9
This latest conflict fundamentally changed the oil market in many ways.
After the current spat ends, stakeholders are already thinking about ways in which to protect themselves against a similar crisis in the future.
So this isn't a solution to the current crisis but rather a necessary long-term plan to mitigate the risks associated with the Strait in the future.
9
haloweenekMay 10, 2026
+3
Lol, ok how are they planning to fill those tanks now ?
3
imlostintransitionMay 10, 2026
+9
The news does seem puzzling, but if I understand correctly, this is long-term planning. I think the idea is to provide a buffer against future disruption of the Hormuz Strait.
9
roguebadger762May 11, 2026
+1
They've already secured deals with saudi, kazakhstan, oman and uae for roughly 300M barrels that are unaffected by the strait
1
Blunt_HadderMay 10, 2026
-20
What’s North Korea waiting for?
-20
jews4beerMay 10, 2026
+18
I'm sorry but are you suggesting NK should attack SK?
*Checks account, 5 days old, nothing but whataboutisms and "wEsT BaD!"*
18
ScoobyDosandDontsMay 10, 2026
+5
North Korea is busy sending their best to die for Russia.
5
Plastic-Ad-2496May 10, 2026
-8
Sounds like S Korea could use some freedom.
-8
bistro777May 10, 2026
+2
S Korea has empty oil reserve tanks, not oil fool.
2
Plastic-Ad-2496May 11, 2026
-2
And what goes in empty oil reserve tanks genius?
-2
Plastic-Ad-2496May 11, 2026
+3
The dumb part is you couldnt connect the second dot.
3
bistro777May 11, 2026
+2
You really can't connect the dots can you? S Korea can store 146 million barrels of oil. Iraq's oil reserves has 145 billion barrels. You can't differ between man-made storage of oil and oil reserves underground? They differ in magnitudes. One is useful to alleviate temporary shortfall in oil. The other is worth going to war for (according to some people).
13 Comments