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Japan’s Oil Supply Shift Signals Broader Market Implications

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Japan has received its first shipment of Russian oil since the onset of the Iran war, highlighting a significant shift in global energy dynamics. This delivery comes as the strait of Hormuz remains a flashpoint, with ongoing tensions affecting oil supply routes and prices worldwide.

The underlying issue is that the closure of the Hormuz strait has severely disrupted oil supplies, prompting countries like Japan to seek alternatives. Japan, which relies heavily on Middle Eastern oil, is diversifying its

Sources
theguardian.com

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