BlockBeats News, March 21st, according to Kyodo News, Iranian Foreign Minister Abbas Araghchi stated that, following negotiations between officials of both countries, Iran is ready to allow passage of Japan-related vessels through the Strait of Hormuz.
Japan's oil imports heavily rely on the Middle East. The Iran-Iraq War prompted Japan to tap into its oil reserves this month. Japan has been under pressure from Trump to assist in safeguarding the strait.
Earlier this week, Japanese Prime Minister Sanae Takaichi explained to Trump in person in Washington the legal constraints on Japan's participation in such actions. She also emphasized areas of agreement between the two sides, including a commitment to increase oil imports from the U.S. and to cooperate on missile development. (Jinshi)
