ALBAWABA - As tensions continue to impact international energy channels, Iran has indicated that it is prepared to help Japanese ships, particularly oil tankers, pass through the Strait of Hormuz safely.
In an interview with Kyodo News, Iranian Foreign Minister Abbas Araghchi denied reports that Tehran has closed the vital canal, stating that it is still accessible. He clarified that while other countries are still free to cross the strait, limitations only apply to those who have attacked Iran.
Araghchi underlined that Iran is ready to work with Japan to guarantee safe passage for its ships, pointing out that mutual cooperation would be enough to set up a safe transit.
With most of its oil shipments going via the Strait of Hormuz, Japan is still largely dependent on energy imports from the Middle East. Since the route is regarded as one of the most important global energy corridors, worldwide markets are quite concerned about its security.
The comments coincide with Japan starting to use its strategic oil reserves, which are among the biggest in the world and can support domestic use for several months.
Additionally, the crisis comes after a larger global initiative to stabilize the energy markets. In reaction to rising oil prices associated with the ongoing crisis involving Iran, member nations of the International Energy Agency (IEA) recently decided to release oil from their reserves.
Iran's stance demonstrates an effort to preserve selective access to the canal, permitting travel for nations not directly engaged in conflicts but restricting access for those it views as enemies.
