Japan Awaits Arrival of Idemitsu Maru with 2 Million Barrels of Saudi Oil

Japan is anticipating the arrival of the Idemitsu Maru, a vessel transporting 2 million barrels of Saudi crude oil, as it nears docking after passing through the Strait of Hormuz. According to NS3.AI, Japan's Ministry of Economy, Trade and Industry reported in a Friday briefing document that the ship traversed the waterway in late April and is expected to dock as early as next Monday. The ongoing Middle East conflict has led to an unprecedented energy supply shock, prompting Japan to utilize its strategic reserves to mitigate the impact.