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Japan Says Not Considering Unilateral Talks With Iran on Hormuz

2 months ago 24

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(Bloomberg) — Japan’s Foreign Minister Toshimitsu Motegi said the nation isn’t considering unilateral negotiations with Iran to secure passage for its vessels through the Strait of Hormuz, following a report that Tehran is prepared to grant the access.

Financial Post

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“It’s not something we’re considering at this point,” Motegi said Sunday on a Fuji Television program. Instead, Japan is focused on ensuring “conditions where everyone can pass,” he said, stressing the importance of maintaining broad freedom of navigation.

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About 45 Japan-linked vessels remain affected in the strait, a critical artery for global energy supplies, Motegi said, adding that the government will take responsibility for their safety.

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The comments come after Kyodo News reported Saturday that Iranian Foreign Minister Abbas Araghchi indicated Tehran is ready to allow Japan-related ships to transit the waterway. Motegi said the issue of whether Japan would receive special treatment didn’t come up in a recent call.

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The Strait of Hormuz handles a significant share of global oil flows, making safe and stable transit a priority for energy-importing nations. Japan purchases almost all of its oil and more than 90% of it comes from the Middle East.

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On energy sourcing, Motegi took a negative view of buying from Russia — which remains under sanctions — as he said that imports via Hormuz would be more acceptable to European countries.

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Motegi also said that one of the two Japanese nationals detained in Iran has been released and is expected to return to Japan shortly.

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