Japan PM says oil crisis has 'enormous impact' in Asia-Pacific
- On Monday, Japanese Prime Minister Sanae Takaichi met Australian Prime Minister Anthony Albanese in Canberra, agreeing to urgent cooperation on energy and critical minerals amid global supply shocks.
- The effective closure of the Strait of Hormuz, where shipping is throttled by Iran following attacks by the United States and Israel, is inflicting an "enormous impact" on the Asia-Pacific region.
- Australia plans to provide up to A$1.3 billion for critical mineral projects with Japanese involvement, while Japan remains the biggest liquefied natural gas supplier, accounting for about 7 per cent of Australia's diesel.
- These agreements build on a landmark A$10 billion defense deal signed last month, with Albanese stating, "Australia and Japan are taking action to protect our economies from future economic shocks."
- Takaichi recently visited Vietnam to promote a "free and open" Indo-Pacific strategy, aiming to build regional resilience and curb China's influence through strengthened energy and critical mineral supply chains.
44 Articles
44 Articles
Top Japanese Official Says Strait of Hormuz Closure is Crushing Countries in the Indo-Pacific
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. A top Japanese official has warned that the global oil supply crunch caused by the Iran war and the closure of the Strait of Hormuz is having an “enormous impact” across the Indo-Pac…
Japan PM says oil crisis has ’enormous impact’ in Asia-Pacific
A global oil supply squeeze is inflicting an "enormous impact" on the Asia-Pacific region, Japan Prime Minister Sanae Takaichi said Monday. Speaking in Canberra after talks with Australian Prime Minister Anthony Albanese, she said the two countries would respond urgently to secure stable energy supplies. Roughly one-fifth of the world's oil normally flows through the Strait of Hormuz, where shipping has been throttled by Iran since it was attack…
Japanese leaders warn that the energy crisis from the Middle East is having a severe impact on the Asia-Pacific region, and are urgently cooperating with Australia to ensure energy security.
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