Japan has reportedly agreed to import 1mln bbls of crude oil from Mexico, due to arrive in July, Nikkei reports

Japan's agreement to import 1 million barrels of crude oil from Mexico highlights its strategic shift to reduce reliance on Middle Eastern supplies amid escalating supply concerns.

Newsquawk StaffPublished 22 Apr 2026, 09:08 UTCOn the live feed at 08:48 UTC — 6 more headlines followed before this page went public

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08:52

[MARKET ANALYSIS] European bourses opened higher but have since trundled lower, ASM International +8% after a strong Q1 and guidance

08:49

[MARKET ANALYSIS] USD tracks oil prices, NZD repricing continues and Sterling unreactive to mostly in-line inflation data

08:48

Japan has reportedly agreed to import 1mln bbls of crude oil from Mexico, due to arrive in July, Nikkei reports

08:45

[MARKET ANALYSIS] Crude ticks higher amid UKMTO reports of attacks in Hormuz; softer USD lends underpins metals

08:43

Chow Tai Fook (1929 HK) Q4 retail sales -1.5% Y/Y, SSS in mainland China +0.2% Y/Y

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Comes as Japan seeks to reduce reliance on the Middle East after supply concerns linked to the de facto closure of the Strait of Hormuz
Japan and Mexico leaders also discussed broader energy and economic security cooperation, including critical minerals and supply chains

Context

This move is likely to support stability in energy prices as Japan prioritizes energy security, potentially impacting WTI and Brent dynamics due to altered supply routes.

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