Post #6052

🇯🇵🇦🇺Hormuz Closure Hits Asia-Pacific Energy Supply Japan PM Sanae Takaichi, speaking in Canberra after bilateral talks with Australian PM Anthony Albanese, warned that the effective closure of the Strait of Hormuz is inflicting enormous impact on the Indo-Pacific. Iran throttled shipping through the strait following US and Israeli strikes. Roughly one-fifth of global oil supply transits Hormuz, with 80% of that volume destined for Asia, per the IEA. Tokyo and Canberra pledged urgent coordination to secure stable energy supplies, issuing joint statements covering energy, defence, the economy, and critical minerals. The bilateral exposure is direct: Australia is Japan's largest LNG supplier, while Japan accounts for roughly 7% of Australia's diesel imports — making supply chain resilience a shared structural priority. The exchange reflects accelerating energy diplomacy across the Indo-Pacific as regional importers scramble to hedge against a prolonged Hormuz disruption. #Japan#Australia @asianomics