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macroJun 10, 2026, 2:45 PM

Japan's Takaichi to Announce 100% Alternative Oil Procurement Bypassing Hormuz by July

Japan's Minister of State for Economic Security Sanae Takaichi will announce at a ministerial meeting on Middle East affairs on April 11 that alternative crude oil procurement bypassing the Strait of Hormuz will reach 100% in July, citing progress in securing oil from the US and other countries.

Japan's Minister of State for Economic Security Sanae Takaichi is set to announce at a ministerial meeting on Middle East affairs on April 11 that alternative crude oil procurement not passing through the Strait of Hormuz will reach 100% in July.

She will explain that progress has been made in securing oil from the United States and other countries, underscoring efforts to diversify supply routes and reduce reliance on the strategic chokepoint.

Source: First Squawk