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    Japan’s trade deficit hits record $17.8 billion as Iran war sends oil import prices soaring

    Fortune
    October 21, 2026
    via Fortune

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    Japan’s trade deficit hits record $17.8 billion as Iran war sends oil import prices soaring

    Resource-poor Japan imports virtually all its oil and has relied on access to the Strait of Hormuz in the Middle East for its oil shipments.

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