Japan looks to boost US crude oil imports amid Hormuz closure

Japan looks to boost US crude oil imports amid Hormuz closure

Iran tensions

With shortage looming, Takaichi to convey plan to Trump at upcoming summit

Japan hopes to ease reliance on the Middle East, which accounts for 90% of the country’s crude oil, by boosting imports from the U.S. (Reuters via Kyodo)

TOKYO — Japan plans to discuss increasing imports of U.S. crude oil during Thursday’s summit, as Tokyo works to ease reliance on the Middle East amid Iran’s de facto closure of the Strait of Hormuz.

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