Japan to procure Russian oil for 1st time since U.S.-Israeli strikes on Iran

Japan will procure Russian crude oil for the first time since the U.S.-Israeli strikes on Iran, marking a shift in energy strategy amid the closure of the Strait of Hormuz. Japan, heavily reliant on Middle Eastern crude oil imports, is seeking to diversify its supply sources. The oil from the Sakhalin-2 project is exempt from U.S. and European sanctions.