Iran has stated its willingness to ensure the safe passage of Japanese ships through the Strait of Hormuz amidst tensions over US and Israeli attacks.
Japan is heavily reliant on crude oil imports from the Middle East, much of which is transported through the Strait of Hormuz. Recently, Iran has taken aggressive actions, effectively closing the strait in response to US and Israeli strikes. This situation has forced countries dependent on this shipping route to explore alternative routes and utilize reserves.
In a recent interview with Kyodo news agency, Iranian official A. Araghchi denied that Iran had closed the Strait of Hormuz, asserting that it remains open and emphasizing Iran's readiness to offer assistance for Japan’s maritime security. He highlighted the significance of this passage for Japan, which is the fourth-largest economy in the world and relies on the Middle East for 95% of its oil imports, with 70% of that shipped through the strategically vital strait.
As the situation escalates, Japan announced its decision to begin using its strategic oil reserves, which are among the largest globally, sufficient to cover 254 days of domestic consumption. This move indicates Japan's concern over its energy security and underscores the critical nature of relations with Iran, as the nation seeks to ensure uninterrupted oil supply amid growing tensions in the region.
