Japan PM says Iran war oil crisis having ‘enormous impact’ in Asia Pacific
Japanese Prime Minister Sanae Takaichi warned that the closure of the Strait of Hormuz due to the US-Israeli war on Iran is having a severe impact on energy supplies in the Indo-Pacific region. During a visit to Australia, both nations signed agreements to strengthen energy and critical mineral cooperation amid growing supply concerns. The two allies also reaffirmed their commitment to enhanced military collaboration in response to regional security challenges.
- ▪The closure of the Strait of Hormuz has disrupted global oil and liquefied natural gas supplies, affecting 80% of oil destined for Asia.
- ▪Japan and Australia signed agreements to boost energy security and critical mineral projects, with Australia pledging up to $1.3 billion for joint initiatives.
- ▪Australia is Japan's largest liquefied natural gas supplier and provides about one-third of its total energy needs.
- ▪The two countries announced a $10 billion Australian dollar deal for Japan to supply stealth warships to Australia's navy.
- ▪Takaichi emphasized urgent bilateral coordination to address energy disruptions caused by the conflict in the Middle East.
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News|EnergyJapan PM says Iran war oil crisis having ‘enormous impact’ in Asia PacificSanae Takaichi makes comments during a visit to Australia, where she signs agreements on energy supplies.ListenListen (3 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoJapanese Prime Minister Sanae Takaichi arrives in Canberra for a three-day visit to Australia [Hollie Adams/Reuters]By Adam Hancock, AFP and ReutersPublished On 4 May 20264 May 2026The global oil supply squeeze from shipping disruptions in the Strait of Hormuz during the United States-Israeli war on Iran is having an “enormous impact” across the Asia Pacific, Japan’s prime minister warns.Sanae Takaichi made the comments on Monday during a visit to Australia,…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Al Jazeera – Breaking News, World News and Video from Al Jazeera.
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