Japan should continue to rely on the Middle East for the bulk of its crude as that’s cost-effective, processor Taiyo Oil Co. said, pushing back against a government drive to diversify triggered by the US-Iran war.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-04/japan-should-keep-focus-on-cheap-mideast-oil-local-refiner-says)

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