Japan to Welcome First Crude Cargo via Hormuz Since War Began

AI Summary

Japan is set to receive its first crude oil shipment via the Strait of Hormuz since the Iran war began, with a Saudi supertanker carrying 2 million barrels expected to arrive at Nagoya by May 25 after clearing this strategic chokepoint.

A supertanker carrying 2 million barrels of Saudi crude is set to arrive in Japan early next week after clearing the Strait of Hormuz in late April, in the first shipment of Middle East crude to Japan via the chokepoint since the Iran war began on February 28. The very large crude carrier (VLCC) Idemitsu Maru, which had departed from Saudi Arabia’s Ras Tanura port in the Persian Gulf in mid-March, is expected to arrive in Nagoya on May 25, data on MarineTraffic showed. As of early Friday, the supertanker was close to the coasts of Japan.…