Japanese shipping giants suspend Persian Gulf operations amid escalating Iran conflict. Nippon Yusen, Kawasaki Kisen, and Mitsui OSK have halted or paused vessel movements through the Strait of Hormuz following US and Israeli military strikes. Oil shipping has largely stalled in the critical waterway linking the Persian Gulf to global markets. Japan faces significant supply chain risks, as the nation depends on Middle Eastern sources for 94.6 percent of its crude oil imports. The Japanese Shipowners' Association is coordinating with government agencies to monitor the rapidly evolving situation. Energy companies Idemitsu Kosan and Cosmo Energy report no immediate supply disruptions, but warn conditions are changing quickly. Airlines are also affected, with Japan Airlines canceling six flights to Doha.
Post from MarketNews_en
Log in to interact with content.