Japan's weak spot on energy in focus as Middle East crisis worsens -REI chair

cross-posted from : lemmy.zip/post/60608936

Japan relies on the region for about 95% of its crude oil and 11% of its liquefied natural gas imports, with roughly 70% and 6% respectively ​shipped through the Strait. The channel’s closure has triggered sharp spikes in fuel prices, ​hitting energy‑importing economies, such as Japan, the hardest.