Svmuu reports that Japan has announced the imminent arrival of the first Persian Gulf oil cargo to traverse the Strait of Hormuz since the outbreak of the Iran war.
In a briefing document released on Friday, Japan's Ministry of Economy, Trade and Industry stated that the Very Large Crude Carrier “Idemitsu Maru,” which passed through the waterway in late April, could dock as early as next Monday. The agency indicated that the vessel, carrying 2 million barrels of Saudi crude oil, is proceeding as scheduled towards Idemitsu Kosan Co.'s Aichi refinery.
The Middle East war has triggered an unprecedented energy supply shock, prompting major importers across Asia to search globally for alternative crude oil and natural gas cargoes. Like other developed nations, Japan has taken action to tap into its strategic reserves to buffer the impact of the conflict. (Jinshi)