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Iran Prepares to Allow Japanese Vessels to Pass Through the Strait of Hormuz
According to a report by Kyodo News citing Iranian Foreign Minister Abbas Araqchi, Iran is prepared to allow ships related to Japan to pass through the Strait of Hormuz — a vital artery for global oil supplies.
On Friday, Araqchi told the Japanese news agency in a phone interview that Tehran has been in talks with Tokyo about the possible reopening of the strait.
Japan relies on Middle Eastern oil for about 95% of its supply, with approximately 90% of its oil transported through the Strait of Hormuz. During the US-Israel conflict with Iran, Tehran had essentially blockaded the strait.
The three-week-long war and the resulting surge in oil prices have prompted Japan and other countries to use their oil reserves.