On 27 August, six months after the attack on Iran, the de facto closure of the Strait of Hormuz affected Japan's crude oil imports and naphtha supply, prompting oil majors to secure alternative supplies. The government is closely monitoring developments with a view to restoring the stockpiling system.
On this day, six months after the attacks on Iran by the United States and Israel, the continuing de facto closure of the Strait of Hormuz was cited as affecting Japan's energy supply system. For Japan, which is highly dependent on overseas supplies, ensuring a stable supply of petroleum products has become a challenge. Relevant parties have closely monitored the extent of the impact since immediately after the attacks. Both the government and companies are working to assess the situation and consider measures.
Before the attacks, 90% of Japan's imported crude oil was said to pass through the strait, and oil majors are exploring alternative supplies from the United States and elsewhere. Supplies of petrochemical products such as naphtha have also been affected, making it an urgent task to adapt the supply system.
The government is continuing to consider measures to stabilize supply with a view to restoring naphtha stockpiles. Domestic companies are working to limit the impact by using alternative routes and inventories.
Information sharing among the relevant authorities and practical measures related to stockpiles and procurement are expected to continue, while attention is focused on developments surrounding this key route for crude oil transportation.