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Japan boosts US crude oil imports amid Hormuz closure

Filed: Mar 17, 2026 at 12:09 PM ET
Summary: Japan plans to increase US crude oil imports to reduce reliance on the Middle East during the Hormuz crisis.
WHO: Japan
WHAT: discuss increasing imports of U.S. crude oil
WHEN: Mar 17, 2026 at 12:00 PM ET
WHERE: Tokyo
WHY: to ease reliance on the Middle East amid Iran's closure of the Strait of Hormuz
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.

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