A tanker owned by a subsidiary of Idemitsu Kosan Co. has completed its transit through the Strait of Hormuz and is expected to arrive in Japan on Monday, according to Japan's Ministry of Economy, Trade and Industry (METI).
The Strait of Hormuz is one of the world's most critical maritime chokepoints, handling about 20% of global oil shipments. The tanker's successful passage through the area without incident is seen as a positive signal for Japan's energy supply, which relies heavily on crude imports from the Middle East.
METI said it is closely monitoring the situation and will continue to provide updates on the vessel's route and any potential impact on the domestic energy market. No specific data on the volume of oil aboard has been released, but analysts say the event helps stabilize sentiment in Asia's oil market.
