Event Brief
Japan to procure 70% of June oil from outside Middle East
Filed: May 13, 2026 at 4:04 AM ET
Summary: Japan’s prime minister ordered industry to increase crude oil procurement from alternative sources for July.
WHO: Prime Minister Sanae Takaichi
WHAT: Japan plans to procure 70% of June oil from outside the Middle East
WHEN: May 13, 2026 at 3:47 AM ET
WHERE: Japan
WHY: The prime minister instructed industry to further increase crude oil procurement from alternative sources.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
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