News Article

2 tankers “attacked” near the Hormuz Strait

Japan's Minister of Industry reports incident when Premier Abe visits Iran

On Thursday, Hiroshige Seko, the Japanese minister for economics, trade and industry said that two vessels transporting Japanese cargoes were assaulted by the Hormuz Strait.

“I was informed that two Japanese cargo vessels were assaulted close the Hormuz Strait. Shortly earlier, an urgent conference took place in my Ministry and I got a document on the scenario,” Seko said.

The events saw petroleum rates rise, with Brent crude stocks up 4.45%, and the US. The intermediate crude future of West Texas, according to Reuters, grew by 3.85 percent before it likewise fell. The news agency has revealed that both benchmarks are still leading to a daily decline.

Prime Minister Shinzo Abe now is in Iran and has been the first Japanese chief since the Iranian Revolution of 1979 to tour Tehran.

“I provided directions to adopt steps to deal with the scenario, such as advising the enterprises involved, and reaffirming the energy distribution scheme while proceeding to operate carefully to collect data,” Seko said.

Seko produced the comments at around 4 p.m. at the beginning of his session with the President of the Japan Gas Association and others.

The assaults on freight vessels are being reported in the face of growing conflicts between the United States and Iran. Japan, which is poor in resources, exports almost all its oil from the politically volatile Middle East.

CIMB Bank - Best exchange rate SG > MY

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.