First Japan-Linked Oil Tanker Crosses Strait of Hormuz Since Conflict Began
Japan-linked tanker crosses Strait of Hormuz for first time since War
The Economic Times
Image: The Economic Times
The Idemitsu Maru, a Panama-flagged tanker carrying 2 million barrels of Saudi crude, has become the first Japan-linked oil tanker to cross the Strait of Hormuz since the onset of the U.S.-Iran conflict on February 28. This move is part of Japan's efforts to secure energy supplies amid ongoing disruptions.
- 01Idemitsu Maru is the first Japan-linked tanker to cross the Strait of Hormuz since the conflict began.
- 02The tanker carries 2 million barrels of Saudi crude oil.
- 03Japan previously sourced about 95% of its crude imports from the Middle East.
- 04Traffic through the Strait of Hormuz has significantly decreased, with only seven vessels recorded recently.
- 05Japan's energy supply efforts are crucial due to ongoing disruptions in the region.
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The Idemitsu Maru, a Panama-flagged very large crude carrier (VLCC), has successfully crossed the Strait of Hormuz, marking a significant milestone as the first Japan-linked oil tanker to do so since the U.S.-Iran conflict began on February 28. This tanker is carrying 2 million barrels of Saudi crude oil, which is vital for Japan, as the country previously relied on the Middle East for about 95% of its crude imports. The crossing comes amid Japan's ongoing efforts to secure stable energy supplies following disruptions caused by the conflict. Notably, traffic through the Strait of Hormuz has sharply declined, with only seven vessels recorded transiting in the past 24 hours compared to the usual 125-140 ships before the conflict erupted. This situation underscores the impact of geopolitical tensions on global oil supply routes.
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The crossing of the Idemitsu Maru may help stabilize Japan's energy supply, which is crucial for its economy and energy security amid ongoing regional tensions.
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