Major Japanese petroleum company expects Hormuz crisis to subside in July

rss · Nikkei 2026-05-12T10:42:05Z en
Iran warIdemitsu Kosan also seeks to secure oil supply from sources outside the Middle EastIdemitsu Kosan is one of the few companies that has been able to slip a vessel through the Strait of Hormuz since the U. S. attacked Iran. (Nikkei montage/Source photos by Yuki Nakao and Idemitsu Tanker website)TOKYO -- Idemitsu Kosan, one of Japan's largest petroleum companies, expects the Hormuz crisis to begin subsiding in July, with oil prices to fall to pre-crisis levels early next year.

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