Iran ready to let Japanese vessels transit Hormuz, Kyodo reports
Iran has indicated readiness to allow Japanese vessels passage through the Strait of Hormuz. This vital oil route is crucial for Japan's energy needs. Talks are underway between Tehran and Tokyo regarding the strait's opening. The ongoing conflict...
By Reuters |
ET Online
TOKYO: Iran is ready to let Japanese-related vessels pass through the Strait of Hormuz, a vital artery for global oil supplies, Kyodo news reported, citing Iranian Foreign Minister Abbas Araqchi.
Tehran has started talks with Tokyo about possibly opening the strait, Araqchi told the Japanese news agency in a phone interview on Friday.
Check out our live coverage of Israel Iran war
Japan depends on the Middle East for around 95% of its oil supplies and gets around 90% of its oil shipments via the strait, which Tehran has largely closed during the U.S.-Israeli war on Iran.
The three-week-old war and subsequent surge in oil prices prompted Japan and other countries to release oil from their reserves.
Tehran has started talks with Tokyo about possibly opening the strait, Araqchi told the Japanese news agency in a phone interview on Friday.
Check out our live coverage of Israel Iran war
Japan depends on the Middle East for around 95% of its oil supplies and gets around 90% of its oil shipments via the strait, which Tehran has largely closed during the U.S.-Israeli war on Iran.
The three-week-old war and subsequent surge in oil prices prompted Japan and other countries to release oil from their reserves.
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