03.03.2026 11:33
The Prime Minister of Japan stated that the prolonged closure of the Strait of Hormuz due to the ongoing war poses a serious risk to the Japanese economy, while announcing that the country has a strategic oil reserve of 254 days against potential supply disruptions; developments in the strait are critically important for Japan, which meets a large portion of its energy needs from the Middle East.
Amid the ongoing war in the Middle East, the possibility of closing the Strait of Hormuz is unsettling global energy markets, and a notable statement has come from Japan. The Prime Minister of Japan announced that the country has a 254-day oil reserve.
CONCERN OVER THE STRAIT OF HORMUZ
It is stated that a prolonged closure of the Strait of Hormuz, through which a significant portion of global oil trade passes, could create serious pressure on energy-importing economies, especially in Asian countries. The Prime Minister of Japan expressed that a long-term closure of the strait would pose a serious threat to the Japanese economy.
JAPAN'S DEPENDENCE ON ENERGY IMPORTS
Japan, which is largely dependent on foreign energy sources, meets a significant portion of its oil needs from the Middle East. Therefore, a potential disruption in the Strait of Hormuz is considered a critical risk for the country's energy supply security.
EMPHASIS ON 254-DAY RESERVE
The Prime Minister emphasized that under current conditions, Japan has a 254-day strategic oil reserve, highlighting that they are prepared for short-term supply shocks. However, experts warn that a prolonged disruption in global energy flows could lead to sharp increases in prices.
Developments that may occur in the Strait of Hormuz are expected to directly affect not only the regional countries but also the global economy and energy markets.