Japan's April oil imports drop 66%
Japan's crude oil imports declined by nearly 66% in April due to the impact of the US-Iran conflict on Middle Eastern oil supplies. Data showed that Japan imported 850,000 barrels per day, with a significant decrease in shipments from Saudi Arabia and the UAE—over 60%. The war also led to restrictions on shipping traffic through the Strait of Hormuz, affecting global supply levels and driving up oil prices.
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