Al Jazeera·3 min read·medium
Japan turns to Canadian crude as Asia feels Hormuz supply pinch
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Al Jazeera
✦AI Summary
Japan is increasing imports of Canadian crude oil via the Trans Mountain pipeline to diversify its energy supply following disruptions in the Strait of Hormuz. This shift comes as regional tensions and a war on Iran have significantly impacted traditional oil shipping routes to Asia.
Uncertainty over crude oil supplies via the Strait of Hormuz is pushing Asian states towards Canada’s TMX crude oil.
businessworldeconomy
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