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Sunday, 28 June 2026dailybeirut.com
Economy
Japan has received its first oil tanker from Saudi Arabia via the Red Sea, bypassing the Strait of Hormuz, according to the Asahi network. The tanker completed loading in early March, marking a historic shift in crude transport to Japan. As a nation importing 90% of its oil from the Middle East, Japan is actively seeking alternative routes to reduce reliance on the strategic Strait. The impact of this route on shipping costs and transit times remains unclear. This development signals a potential reshaping of energy supply chains amid regional tensions.
In a notable development for energy markets, Japan received its first oil tanker from Saudi Arabia via the Red Sea route, without passing through the Strait of Hormuz.
The Asahi network reported that the tanker completed loading operations in early March, noting that this is the first time an oil tanker has transported crude oil to Japan without passing through the Strait of Hormuz.
Japan, which imports 90% of its oil needs from the Middle East, is seeking to use alternative routes that do not pass through the Strait of Hormuz. However, it remains unclear exactly how these alternative routes affect shipping costs and time.
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