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Japan turns to Canadian crude as Asia feels Hormuz supply pinch

اقتصاد
Al Jazeera English
2026/07/30 - 01:42 504 مشاهدة
تحليل ذكي | AI Editorial Analysis

Japan is importing Canadian crude oil due to supply uncertainties through the Strait of Hormuz.

The first shipment since 2025, carrying 750,000 barrels, is en route to Japan from Canada.

Japan and other Asian countries are diversifying oil suppliers amid rising prices and geopolitical tensions.

play Live Sign upShow navigation menuNavigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedSportOpinionVideoMoreShow more sectionsFeaturesEconomyHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelSponsored Contentplay Live Click here to searchsearchSign upNewsJapan turns to Canadian crude as Asia feels Hormuz supply pinchUncertainty over crude oil supplies via the Strait of Hormuz is pushing Asian states towards Canada’s TMX crude oil. xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoA drone view of the terminus of the Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada [Chris Helgren/Reuters]By DPA and ReutersPublished On 30 Jul 202630 Jul 2026The first shipment of Canadian crude oil since 2025 is headed to Japan on a ship chartered by Exxon Mobil, according to data released by tracking firm Kpler. The Marshall Islands-flagged vessel, Freedom Glory, which can carry up to 750,000 barrels of crude, left Vancouver on Wednesday, loaded with Trans Mountain pipeline (TMX) crude. The latest oil shipment from TMX Canada was bought by Japan’s largest refiner Eneos, according to Kpler. On Thursday, Tokyo cut its growth forecast for this year to 0.9 percent from 1.3 percent as a result of higher oil prices. Up until the US and Israel launched a war on Iran in February, it had been importing more than 90 percent of its oil through the Strait of Hormuz. Now, Japan is among several Asian countries urgently attempting to diversify their suppliers, after the war choked oil shipments through Hormuz. The Trans Mountain pipeline carries up to 890,000 barrels of crude oil a day from Canada’s Alberta to a marine terminal in Burnaby, British Columbia. The pipeline is owned by the federal government, and has been running at almost 90 percent capacity since the third quarter of 2025. Exports via TMX to Asia accounted for nearly 77 percent of total oil exports from Vancouver this year, compared with about 51 percent in ⁠2024. India, Malaysia and Singapore have all returned to buying crude shipped via TMX since the war on Iran, while Canadian oil accounts for nearly 60 percent of US crude oil imports, according to the US Energy Information Administration. Meanwhile, Canadian Prime Minister Mark Carney has said he does not intend to use Canada’s oil as leverage in talks with Washington, despite the administration of US President Donald Trump announcing new tariffs on Canadian products last week. “Canadians can be trusted. And so, when you’re a supplier of a key commodity… you gotta think really hard about not supplying,” Carney replied when asked whether he would use Canada’s oil as a pressure tactic. Advertisement AboutAboutShow moreAbout UsCode of EthicsTerms and ConditionsEU/EEA Regulatory NoticePrivacy PolicyCookie PolicyCookie PreferencesAccessibility StatementSitemapWork for usConnectConnectShow moreContact UsUser Accounts HelpAdvertise with usStay ConnectedNewslettersChannel FinderTV SchedulePodcastsSubmit a TipPaid Partner ContentOur ChannelsOur ChannelsShow moreAl Jazeera ArabicAl Jazeera EnglishAl Jazeera Investigative UnitAl Jazeera MubasherAl Jazeera DocumentaryAl Jazeera BalkansAJ+Our NetworkOur NetworkShow moreAl Jazeera Centre for StudiesAl Jazeera Media InstituteLearn ArabicAl Jazeera Centre for Public Liberties & Human RightsAl Jazeera ForumAl Jazeera Hotel PartnersFollow Al Jazeera English:
المصدر: Al Jazeera English | Source: Al Jazeera English
💡 لماذا يهمك هذا | Why This Matters

Japan is importing Canadian crude oil due to supply uncertainties through the Strait of Hormuz.

The first shipment since 2025, carrying 750,000 barrels, is en route to Japan from Canada.

ملاحظة تحريرية | Editorial Note: نُشر هذا المقال في الأصل بواسطة Al Jazeera English. خبر (Khabr) هي منصة إعلامية أردنية مرخّصة تعمل بالذكاء الاصطناعي. نضيف قيمة تحريرية من خلال: تحليل ذكي للأخبار، ملخصات تلقائية، رواية صوتية بالذكاء الاصطناعي، ترجمة متعددة اللغات، وتدقيق الحقائق. هدفنا جعل الأخبار أكثر وضوحاً وسهولةً للقارئ العربي.

This article was originally published by Al Jazeera English. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.

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المزيد عن اقتصاد | More on Economy

هذا الخبر ضمن تغطية خبر لقسم اقتصاد. نقدّم لك تحليلات ذكية وملخصات يومية لأهم الأخبار من مصادر موثوقة متعددة. المصدر: Al Jazeera English. يوجد 6 مقالات مرتبطة بهذا الموضوع.

This article is part of Khabr's coverage of Economy. We provide AI-powered analysis, summaries, and multi-source aggregation to keep you informed. Source: Al Jazeera English. Tags: crude oil, supply chain, Asia.

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