ship-tracking data
\n TOKYO
\nA Panama-flagged crude oil tanker managed by Japanese refining group Eneos has passed through the Strait of Hormuz, ship-tracking data from LSEG showed on Thursday, the second instance of such a Japan-linked ship making it through. Before the US-Israeli war on Iran largely disrupted oil supplies via the Strait of Hormuz, Japan relied on the \u200cGulf for about \u200c95 percent of its oil imports.
\nThe Eneos-managed tanker \u200cis carrying 1.2 million barrels of Kuwait crude and 700,000 barrels of Emirati Das Blend oil loaded in late February, Kpler data showed. The vessel is expected to arrive in Japan on June 3, according to Kpler. It was not immediately clear under what arrangements the tanker sailed through the Strait. Eneos, Japan\u2019s biggest refining group, declined to comment.
\nTokyo has stepped up diplomatic \u200cefforts since the conflict, and switched \u200cto alternatives to partially substitute for the lost barrels, while holding down \u200cdomestic fuel prices with massive government subsidies. The latest passage through \u200cthe Strait follows one in late April by the Idemitsu Maru, carrying Saudi oil and managed by a unit of Japanese refiner Idemitsu Kosan.
\nIdemitsu, Japan\u2019s second biggest oil refining group, said this week \u200cit expected Hormuz to reopen sometime between July and September, with benchmark Dubai oil prices declining to pre-war levels by the March 2027 end of the next fiscal year.
\nAs Japanese refineries tap strategic stockpiles and ramp up alternative supplies from locations such as the United States and the Caspian region, refinery runs started to normalize this month, surpassing 70 percent for the first time since late March. A Chinese supertanker carrying Iraqi crude sailed through the Strait on Wednesday, exiting the Gulf just before a Beijing summit of US and Chinese leaders over the following two days. <\/p>\n","protected":false},"excerpt":{"rendered":"
ship-tracking data TOKYO A Panama-flagged crude oil tanker managed by Japanese refining group Eneos has passed through the Strait of Hormuz, ship-tracking data from LSEG showed on Thursday, the second instance of such a Japan-linked ship making it through. Before the US-Israeli war on Iran largely disrupted oil supplies via the Strait of Hormuz, Japan […]<\/p>\n","protected":false},"author":2,"featured_media":546554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-546521","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"\n