00:00Meanwhile, Japan says it expects all of its crude oil imports in July to come from sources
00:05that do not require transit through the Strait of Hormuz,
00:08as it moves to shore up energy security amid rising tensions in the Middle East.
00:13Prime Minister Sanai Takaichi says imports from the U.S. are expected to increase more than tenfold compared with a
00:20year ago.
00:23Until recently, more than 90% of Japan's crude oil imports passed through the Strait of Hormuz,
00:28one of the world's most important energy choke points.
00:31Tokyo has since moved to diversify its supplies,
00:35increasing imports from the U.S., Central and South America, Africa, Central Asia and other regions.
00:41Japan is also set to receive its first shipment of crude oil from Mexico in July,
00:47while imports from Canada are expected to rise.
00:49The government says national petroleum stockpiles should help maintain a stable supply through March 2028.
00:55The announcement comes as American and Iranian forces in the Strait of Hormuz clash despite a ceasefire.
01:02Tehran says the waterway has been closed to all vessels,
01:05while the U.S. maintains that commercial shipping through the Strait is continuing.
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