Second Japan-linked Oil Tanker Safely Transits Strait of Hormuz After Diplomatic Talks

A Panama-flagged crude oil tanker managed by Japanese refining giant Eneos has successfully passed through the Strait of Hormuz, marking the second such transit for a Japan-linked vessel amidst regional tensions. Japanese Prime Minister Sanae Takaichi confirmed that she held direct talks with Iranian President Masoud Pezeshkian to secure safe passage for the ship, which carries four Japanese crew members. The tanker, loaded with Kuwaiti and Emirati crude, is expected to arrive in Japan in early June. Foreign Minister Toshimitsu Motegi stated that no toll was paid to Iran for the transit. This development follows a similar passage by an Idemitsu Kosan-managed vessel in late April. Despite this success, 39 Japan-related vessels remain stuck in the Gulf. Japan continues to rely on diplomatic efforts and alternative supply sources, including the US and Caspian region, while utilizing strategic stockpiles to mitigate the impact of disrupted supplies. Refinery operations are gradually normalizing, surpassing 70% capacity. The incident underscores the ongoing geopolitical fragility affecting global oil supplies and Japan's heavy dependence on Gulf imports.