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Saudi-Japan Oil Deal Boosts Supplies, Bypasses Hormuz

4/24/2026

23 5 Full Breakdown

Summary

Story summary

Crown Prince Mohammed bin Salman pledged a positive response to Prime Minister Sanae Takaichi’s 23 April 2026 request to expand oil deliveries.
Japan released 80 million barrels from reserves and will add another 20 days of reserve oil next month.
Tokyo will import 1 million barrels of Mexican crude in July.
Japan and Saudi Arabia agreed on a new route that bypasses the Strait of Hormuz, improving supply security.

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Story summary

Crown Prince Mohammed bin Salman pledged a positive response to Prime Minister Sanae Takaichi’s 23 April 2026 request to expand oil deliveries.
Japan released 80 million barrels from reserves and will add another 20 days of reserve oil next month.
Tokyo will import 1 million barrels of Mexican crude in July.
Japan and Saudi Arabia agreed on a new route that bypasses the Strait of Hormuz, improving supply security.