Canberra, May 4 (SANA) Japan warned on Monday that disruptions to oil flows linked to the closure of the Strait of Hormuz could have major repercussions for the Asia-Pacific region, as global energy markets face mounting pressure.
Prime Minister Sanae Takaichi said after talks with Australian Prime Minister Anthony Albanese in Canberra that the two countries would act urgently to help ensure stable energy supplies and maintain close coordination.
Takaichi said Japan and Australia aim to strengthen resilience and reduce vulnerability to external shocks affecting energy security.
Australia is a key supplier of liquefied natural gas to Japan, while Japan provides about 7 percent of Australia’s diesel fuel needs.
The two countries also agreed to deepen cooperation in economic, defense and critical minerals sectors as part of broader efforts to secure supply chains.
Albanese said the measures would help Australia become less exposed to global disruptions, including those stemming from tensions in the Middle East.
Both sides also signaled efforts to diversify supply sources, with Australia focusing on securing critical minerals and Japan emphasizing stable access to essential resources.
The developments come as tensions in the Middle East continue to disrupt shipping through the Strait of Hormuz, a vital route for roughly one-fifth of global oil and liquefied natural gas supplies.
About 80 percent of these shipments are bound for Asian markets, according to the International Energy Agency.
R.D/ABD
