Japan crude imports plummet 66% amid Middle East supply disruptions

Japan witnessed a dramatic 66% fall in crude oil imports in April, marking a record low, primarily due to disruptions in Middle East supplies.

Japan crude imports plummet 66% amid Middle East supply disruptions. Japan witnessed a dramatic 66% fall in crude oil imports in April, marking a record low, primarily due to disruptions in Middle East supplies. The Strait of Hormuz, a vital chokepoint for Japan’s oil and LNG imports, has been heavily impacted by the ongoing Iran–Israel conflict. Historically, Japan relies on the Middle East for over 90% of its crude oil, making it particularly vulnerable to regional instability. As a result, Japan has started sourcing from alternative suppliers like the United States to mitigate the shortfall. This significant decline underscores the broader implications of geopolitical tensions on global energy flows. The decline in Japan’s crude imports and the associated Middle East supply disruptions are consistent with scenarios supportive of YES ou...