Strait of Hormuz: Japan Tightens Diplomatic Ties for Oil Passage

A Japanese-managed Panama-flagged crude oil tanker has successfully navigated through the Strait of Hormuz, according to recent data from LSEG. This marks the second occurrence of a Japan-linked vessel traversing the critical waterway following geopolitical disruptions that largely impeded oil transport.

Prior to the U.S.-Israeli conflict impacting supplies, Japan heavily depended on oil from the Gulf region, with about 95% of its imports passing through the Strait. Eneos, Japan's largest refining group, confirmed the ship's safe passage and anticipated arrival in Japan by early June, carrying substantial crude quantities from Kuwait and the UAE.

Japan has intensified diplomatic efforts following the crisis onset in February, switching to alternative suppliers to mitigate supply gaps. Meanwhile, the Japanese government, maintaining communication with Iran, stresses ongoing diplomatic coordination to facilitate secure vessel passages. A recent passage mirrored by Idemitsu Maru indicates Japan's strategic maneuvering in oil routes.

(With inputs from agencies.)