Japan Secures Oil Supplies Through March 2028 Amid Middle East Crisis
Japan's Prime Minister Sanae Takaichi announced that the country has secured stable crude oil supplies through March 2028 despite regional instability, using alternative imports and strategic stockpile releases. Japan imported 94% of its crude from the Middle East in 2025, with 93% transiting the Strait of Hormuz, which Iran has effectively closed. The announcement demonstrates Japan's efforts to diversify energy sources and maintain supply security during a period of geopolitical tension.
Japan has extended its oil supply outlook by approximately one year to March 2028 through a combination of alternative crude imports and strategic stockpile management, according to Prime Minister Sanae Takaichi. The country has secured alternative supplies equal to 100% of previous monthly consumption for July and 80% for June, with U.S. imports expected to exceed 10 times the previous year's monthly average in July. Japan began releasing oil reserves in March to address Middle East supply disruptions, drawing down approximately 75 days' worth of consumption across government, private, and joint reserves. As of June 8, Japan maintained stockpiles equivalent to 201 days of consumption. Takaichi indicated no additional reserve releases are planned for June and will advocate at the upcoming G7 summit in France for international cooperation on maintaining free navigation through critical sea lanes and supporting regional strategic stockpiles.
What different sources said
- BloombergCenter
Takaichi Says 100% of Japan’s Oil Supply to Avoid Hormuz in July
- Channel NewsAsiaCenter
Japan secures stable crude supplies through March 2028, PM Takaichi says
- The Japan TimesCenter
Japan’s July oil imports to return to pre-Iran war level, Takaichi says
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