Key facts
- Japanese oil wholesalers and resource development companies diversified procurement routes to maintain crude supply, Nikkei reported.
- The companies profited from rising oil and petroleum product prices during the de facto closure of the Strait of Hormuz, per Nikkei.
- Nikkei reported the procurement shift let the companies keep profits growing, without naming firms or figures.
Major Japanese oil wholesalers and resource development companies have diversified their procurement routes to maintain crude supply during the de facto closure of the Strait of Hormuz, Nikkei reported on November 12, 2026. The shift let them profit from rising oil and petroleum product prices, the report said.
The report, published by Nikkei and written by Ryunosuke Oura and Kana Matsukawa, names no individual companies in its text and gives no revenue, profit or volume figures. A photograph caption accompanying the article refers to an oil tanker arriving at an Eneos Holdings terminal in Japan.
The account rests on a single outlet and provides no detail on which alternative routes or non-Middle East sources the companies used, or how much supply was rerouted.