Japan's Oil Crisis Eases, But High Import Bills Weigh on Economy

Japan, which relied on the Middle East for 90% of its crude, has diversified purchases and tapped strategic reserves to offset supply losses from the Strait of Hormuz. While the immediate crisis has eased, the economic cost of sourcing crude from distant locations is high, with soaring import bills now weighing heavily on industrial and economic activity. This sustained pressure from high energy costs could signal broader global inflationary trends and economic slowdown concerns, potentially supporting safe-haven demand for gold and influencing Pakistan's own energy import costs and the PKR.

بحوالہ / Source: oilprice.com