Hormuz closure sends Japan oil imports to lowest level since 1979 ...Iraq

Japan’s crude oil imports fell to their lowest level since records began in 1979 after disruptions in shipping through the Strait of Hormuz sharply reduced Middle East energy supplies following the US-Israeli war on Iran.

Japan relies on the Middle East for roughly 90% to 95% of its crude oil imports, leaving the country among the economies most exposed to prolonged disruptions in Gulf energy exports. Although several Gulf crude tankers departed this month following the partial easing of shipping restrictions, energy flows through Hormuz remain far below pre-war levels.

According to official data, the supply shock has already forced refiners in Japan and elsewhere in Asia to deepen production cuts in April and May because of reduced crude availability, while buyers increasingly turned to alternative supplies from the United States, Africa, Brazil, and other regions.

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