News On Japan

Japan-Bound Tanker Clears Strait of Hormuz

TOKYO - An Idemitsu Kosan crude oil tanker has safely passed through the Strait of Hormuz, becoming the first vessel bound for Japan to do so since attacks on Iran heightened tensions in the region and effectively disrupted maritime traffic.

The vessel, Idemitsu Maru, was seen leaving the narrow waterway in the Middle East and moving into the Arabian Sea, according to ship-tracking service MarineTraffic, with its destination listed as Nagoya, and is believed to have exited the Persian Gulf and is currently navigating the Gulf of Oman.

Iranian state media reported that the tanker was carrying 2 million barrels of crude oil and that its transit through the strait had been approved by Iranian authorities.

According to people familiar with the matter, the health of the three crew members who boarded the vessel from Japan was not in danger.

Prime Minister Sanae Takaichi said in a social media post that one Japan-related vessel had already evacuated from the Persian Gulf. 'Around every possible opportunity, we have continued diplomatic engagement with Iran,' Takaichi said. 'I personally conveyed Japan's position to President Pezeshkian.' Her remarks appeared aimed at highlighting diplomatic efforts behind what is believed to be the first successful passage of a Japan-bound tanker since the attacks on Iran.

Japan and Iran have maintained friendly ties for decades. Earlier in the day, before the status of Idemitsu Maru became clear, the Iranian Embassy in Tokyo issued a message referencing the historic mission of the Nissho Maru, a tanker owned by Idemitsu.

The embassy said the April 28 transit of the Panama-flagged tanker reflects the long-standing friendship between the two countries, drawing parallels to the 1953 mission in which Idemitsu’s tanker transported Iranian crude to Japan while evading a British maritime blockade. It added that the episode stands as proof of enduring ties between the nations and that the legacy continues to hold significant meaning today, underscoring the historical relationship between Japan and Iran in the energy sector.

Even so, an estimated 41 Japan-related vessels are still believed to remain in the Persian Gulf.

With reports that President Donald Trump has instructed aides to prepare for a prolonged blockade, swift action continues to be sought to secure the safety of shipping in the region.

Source: FNN

News On Japan
POPULAR NEWS

Russian Deputy Foreign Minister Andrey Rudenko has criticized moves by Japanese and Ukrainian companies to cooperate on drone technology, warning that such ties would be regarded by Moscow as a "clear hostile act."

The rainy season ended in the Kanto-Koshin and Tokai regions on July 20 as strengthening high pressure brought intense heat across Japan, with temperatures forecast to reach 38 C in Kumagaya, Saitama Prefecture, and Kofu.

Severe heat spread across Japan on July 20 as a Pacific high-pressure system covered much of the country, pushing the temperature in central Tokyo to 35 degrees Celsius for the first time this year.

Apple has raised prices for iPhones sold in Japan, with the top-end iPhone 17 Pro Max now costing more than 210,000 yen, as the prolonged weakness of the yen increases the local cost of products priced and managed in US dollars.

Japan is likely to face increasingly long and dangerously hot summers as global temperatures continue to rise, with advanced climate simulations also pointing to more frequent torrential rain, rising seas and accelerating ice loss by the end of the century.

MEDIA CHANNELS
         

MORE Business NEWS

Japanese cash equities were closed for Marine Day on July 20, leaving investors to assess whether Tokyo can stabilize after last week’s technology-led rout as oil prices rose above $90 a barrel, the yen remained near four-decade lows and global markets braced for another test of the artificial intelligence trade.

Apple has raised prices for iPhones sold in Japan, with the top-end iPhone 17 Pro Max now costing more than 210,000 yen, as the prolonged weakness of the yen increases the local cost of products priced and managed in US dollars.

A tanker carrying about 1 million barrels of Mexican crude oil arrived off Yokkaichi, Mie Prefecture, on the morning of July 17, marking Japan's first such delivery since the Strait of Hormuz was effectively closed.

Tokyo stocks plunged on July 17 as a global selloff in semiconductor and artificial intelligence-related shares pushed the Nikkei 225 into correction territory, while Middle East tensions, higher oil prices and persistent yen weakness added to pressure on investors.

Nissan Motor unveiled a fully redesigned Elgrand minivan on July 17, marking the model's first complete overhaul in 16 years, while introducing a new brand message as the automaker seeks to rebuild its business and revive sales.

Seven & i Holdings is considering investing several hundred billion yen in Zabka Group, Poland's largest convenience store operator, as the Japanese retailer seeks to expand its presence in Europe.

Japanese manufacturers including Fanuc, Yaskawa Electric, Fujitsu, Hitachi, Kawasaki Heavy Industries and Komatsu announced new artificial intelligence initiatives on July 16 as Nvidia expanded its partnerships with Japan's robotics and industrial sectors.

Tokyo stocks fell sharply on July 16 as renewed selling in South Korean semiconductor shares spread to Japan’s AI and chip-related names, while household inflation expectations hit a record high and kept pressure on the Bank of Japan to maintain a tightening bias.