Strait of Hormuz Nears Third Month of Closure

(Bloomberg) — A fully-laden Japan-linked oil tanker completed a rare transit of the Strait of Hormuz, as the effective closure of the waterway to most international traffic enters its third month.

The supertanker Idemitsu Maru, loaded with about 2 million barrels of Saudi crude and headed for Japan, exited the Persian Gulf on Tuesday following the Tehran-approved route that runs close to Iran’s Qeshm and Larak Islands. It was the only non-Iranian very large crude carrier to leave the region in 10 days and the first tanker linked to Japan to cross since the strait effectively closed in