The ongoing Mideast Gulf war has prompted Japan to reassess its energy security, as it relied on the Middle East for 94% of its crude imports in 2025. With the Strait of Hormuz nearly closed, Japan is exploring alternative oil supplies, engaging with Tehran and Gulf Arab producers, and subsidizing its refineries to mitigate supply disruptions. Japan, the second-largest LNG importer, also faces risks due to its LNG contracts being indexed to oil prices.
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