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Asian States Diversify Oil Sources Amid Tensions

Updated 2026-07-30 02:10 UTC 1 source Neutral

Japan is turning to Canadian crude oil as uncertainty over supplies from the Strait of Hormuz grows. This move reflects broader efforts by Asian states to secure alternative energy sources.

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Al Jazeera

Japan turns to Canadian crude as Asia feels Hormuz supply pinch

Uncertainty over crude oil supplies via the Strait of Hormuz is pushing Asian states towards Canada's TMX crude oil.

2026-07-30 01:42 UTC