Environment and Energy
Japan to Receive First Oil Tanker to Exit Hormuz Since War Began
Japan flagged the impending arrival of the Idemitsu Maru, a very large crude carrier hauling 2 million barrels of Saudi crude, expected to dock as soon as Monday at Idemitsu Kosan Co.'s Aichi refinery. The vessel passed through the contested Strait of Hormuz in late April, marking the first Persian Gulf oil shipment to transit the waterway since the Iran war began. The Middle East conflict has led to near-total closure of the maritime chokepoint, prompting Asian importers to seek alternative energy sources.
