Japan is reportedly to purchase 20mln barrels of UAE oil to bypass the blockade in the Strait of Hormuz, Nikkei reports

Japan's reported purchase of 20 million barrels of UAE oil to circumvent the blockade in the Strait of Hormuz highlights its proactive approach to securing energy supplies amid geopolitical tensions.

Newsquawk StaffPublished 6 May 2026, 15:00 UTCOn the live feed at 14:40 UTC — 3 more headlines followed before this page went public

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14:44

"The White House received positive feedback from Pakistani mediators on Tuesday that the Iranians were progressing toward a compromise" CNN's Treene reports citing officials

14:42

US President Trump says that Iran war has a good chance of ending, PBS reports; he feels US is closing in on a deal with Iran

14:40

Japan is reportedly to purchase 20mln barrels of UAE oil to bypass the blockade in the Strait of Hormuz, Nikkei reports

14:37

"Members of the Security Council see the US-Gulf draft resolution as similar to the one opposed by Russia and China", Al Jazeera reports citing diplomatic sources

14:33

Some members of the Gulf Cooperation Council do not view the draft on Hormuz as being particularly different from the document vetoed last week

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Context

This move could stabilize Japan's energy needs while possibly altering oil flows and prices, making energy-related assets particularly sensitive to follow-up developments in this situation.

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