Iranian Foreign Minister Abbas Araghchi confirmed that Tehran is ready to allow Japanese ships to cross the Strait of Hormuz, a vital artery for global oil supplies. Araghchi stated that Tehran has begun talks with Japan regarding the possibility of opening the strait.
Japan, the world’s fifth-largest oil importer, relies on the Middle East for approximately 95% of its oil supplies and imports about 90% of its oil shipments through the Strait of Hormuz, which Tehran largely closed during the conflict involving the United States and Israel.
Araghchi stated that Iran is not seeking a mere ceasefire, but rather a complete, comprehensive, and permanent end to the war. He clarified that his country did not fully close the Strait of Hormuz but instead imposed restrictions on vessels from countries involved in attacks against Iran.
He affirmed Iran’s readiness to ensure the safe passage of ships from countries such as Japan, provided there is coordination with Tehran. He also noted that several countries are attempting to mediate an end to the conflict and that Iran remains open to any initiative, though he claimed the United States has not yet demonstrated a willingness for a genuine solution.
On March 2, Iran announced restrictions on navigation in the Strait of Hormuz and warned it would target any vessels attempting to cross the strategic waterway without prior coordination, in response to military actions by the United States and Israel.
Approximately 20 million barrels of oil pass through the strait daily. Its closure has led to increased shipping and insurance costs, as well as higher oil prices, sparking concerns over global economic repercussions.
