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Story summary
- Japan pursues diplomatic outreach to Iran to counter threats to its economic stability from heavy reliance on Middle Eastern energy.
- Japan imports about 95% of its oil from the Middle East.
- Dubai crude averaged $124.3 per barrel in March.
- Prime Minister Takaichi aims to reopen the Strait of Hormuz or secure alternative supply routes to mitigate inflation.
- Japan's emergency oil reserves provide temporary relief but cannot replace stable maritime access.
