Japan's Taiyo Oil buys Russian crude as Middle‑East supply routes tighten
Fast facts
- Category: Asia
- Language: EN
- Published: 2026-05-02 00:02 UTC
- Sources: Nikkei Asia
Refiner Taiyo Oil Co. has begun purchasing oil from Russia, positioning the supply as an alternative to Middle‑East imports that have become riskier after the Iran conflict. The move aims to secure stable feedstock for its domestic refining network while navigating sanctions and market volatility. Industry observers note this could signal a broader realignment of Japan’s crude sourcing strategy.