Japan secures crude oil amid Hormuz disruptions via US imports and reserves.

Japan is implementing an emergency oil strategy to secure crude supply amid ongoing disruptions from the closed Strait of Hormuz. The government plans to increase imports from the US and use national reserves, though rising naphtha prices have already led to cost hikes in plastics. Additionally, a Japanese LNG tanker recently navigated the strait, and Tokyo police arrested individuals for a prostitution ring, a fire on Shibuya Crossing, and cannabis offenses.