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Japan's Gulf oil imports fall 27.3% in H1
Japan's crude oil imports from Gulf countries declined by 27.34% in the first half of 2026, totaling 112.58 million barrels compared to the same period last year. This decrease is attributed to the repercussions of the war between the United States and Iran, along with the associated disruptions in navigation through the Strait of Hormuz. The months of April and May experienced significant drops in shipments, but June and July showed partial recovery with the resumption of Kuwaiti exports. In June, Saudi Arabia and the UAE supplied Japan with 62.4% of its oil imports, amid a 4.7% decrease in Japan's trade surplus with the Gulf. The primary reason for this decline is the geopolitical tensions affecting the security of oil supplies in the region.
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