wellygary:Probably the first bit of semi-good news to come out of this in the last couple of weeks,
If Japan can restore deliveries via the Strait of Hormuz and boost refining capacity this will allow the rebuilding of stockpiles and will go someway to easing the squeeze that has gone on Asian refiners as they all scramble for alternative crude sources...
"Tehran is prepared to allow Japanese-related ships to transit the Strait of Hormuz, a crucial waterway through which 93% of Japan’s imported crude oil flows, Iranian Foreign Minister Abbas Araghchi has said in an interview."
https://www.japantimes.co.jp/news/2026/03/21/japan/japan-iran-hormuz-trump/
More or less exactly what Iran has been saying for a while - if you're not attacking us give us a call to arrange transit of your cargo.



