Uncertainty over crude oil supplies through the Strait of Hormuz has led Asian countries like Japan to seek alternative sources, including Canadian crude oil from the Trans Mountain pipeline (TMX). The first shipment of TMX crude since 2025 departed Vancouver aboard the Freedom Glory, destined for Japan’s largest refiner, Eneos. This shift follows increased tensions between the U.S., Israel, and Iran, which disrupted oil flows through Hormuz. Japan has reduced its economic growth forecast due to rising oil prices. The TMX pipeline, operated by the Canadian government, has seen a significant increase in exports to Asia, with nearly 77% of Vancouver’s oil exports going to Asian buyers in 2025. Other Asian nations, such as India, Malaysia, and Singapore, have also turned to Canadian oil. Meanwhile, Canadian Prime Minister Mark Carney stated that Canada would not use its oil as leverage in negotiations with the U.S., despite recent trade tensions.
Bias read (Center): The article presents factual information about shifts in global oil supply chains due to geopolitical tensions, without overtly favoring any political side. It includes quotes from Canadian officials and references international trade dynamics without biased language or selective sourcing.
