breaking

Japan's May Crude Imports Expected to Rebound Amid Hormuz Disruptions

Japan's crude oil imports are projected to rise to approximately 1.7 million barrels per day in May, recovering from April's decline as refiners pursue alternative supply sources while the Strait of Hormuz remains largely inaccessible. The anticipated inflow represents roughly 75 percent of year-ago volumes. Geopolitical tensions surrounding potential U.S. military action near Iran have clouded negotiations on reopening the critical waterway, with discussions expected to continue through the coming days. Japanese refiners have adapted procurement strategies to offset supply constraints from the chokepoint. The rebound reflects Tokyo's efforts to stabilize energy supplies amid regional instability and uncertain timelines for restoring normal flows through this vital shipping route.