THAI FINMIN: REFINING COSTS TOO HIGH, SHOULD BE LOWER

日本至3月27日当周外资买进日股 -44481亿日元，前值由-25097亿日元修正为-25110亿日元。

Gulf states are reconsidering major pipeline projects to bypass the Strait of Hormuz amid fears of prolonged Iranian disruption. Saudi Arabia is evaluating expanding its 7mn b/d East-West pipeline to Yanbu and boosting Red Sea export capacity, while the UAE may increase flows via Fujairah or revive a second route. New cross-border pipelines from Iraq could cost $15bn–$20bn, with simpler projects at least $5bn, but face security, political and terrain challenges. Officials say a regional “network” of routes may be the most resilient long-term solution, though near-term focus remains on expanding existing infrastructure as uncertainty over the strait persists.