Japan will evaluate the possibility of purchasing Russian crude oil, taking into account the international situation and its national interests, following a 30-day exemption from U.S. sanctions related to the Iran conflict. The waiver permits countries to acquire previously sanctioned Russian crude and petroleum products that are stranded at sea. U.S. Treasury Secretary Bassett stated the measure aims to stabilize the global energy market, which has been volatile due to the Iran conflict.

Narumi Hosokawa, an emergency crisis management official at Japan's Ministry of Economy, Trade and Industry, indicated that the government will make a judgment based on a comprehensive analysis of various international factors and Japan's national interests. Another ministry official emphasized that Russian crude is vital for Japan's stable energy supply, but the country must continue to implement appropriate measures while balancing consultations with the G7, broader international coordination, and its own interests.

In 2025, 94% of Japan's crude oil imports originated from the Middle East, with 93% of the shipping routes passing through the Strait of Hormuz, which is effectively controlled by Iran. Energy shipments through the strait have largely been suspended due to military actions involving the U.S., Israel, and Iran.

On Wednesday, Japanese officials announced plans to release approximately 80 million barrels from the nation's strategic petroleum reserves, equivalent to 45 days of supply, to mitigate disruptions in global energy supplies caused by the Middle East conflict. The Japanese government directed domestic refiners on Thursday to utilize the released strategic reserves to ensure stable domestic supplies of refined petroleum products. The directive does not restrict the export of surplus products generated during the refining process.

Earlier on Friday, Japanese Minister of Economy, Trade and Industry Ryosuke Akazawa stated that domestic refiners are exploring alternative crude oil sources from regions such as the United States, Central Asia, and South America.