Aramco looks at oil storage abroad as Strait of Hormuz jolts market
Saudi Aramco is considering expanding global oil-storage after the Iran war disrupted flows through the Strait of Hormuz, with Chairman Yasir Al-Rumayyan warning that supply security now requires more than spare capacity; Aramco shares last traded at 26.52 riyals, down 0.3%, as investors weigh storage costs against risks of renewed disruptions and regulatory hurdles in Europe.