UPDATE 3-Idemitsu Maru tanker carrying Saudi oil crosses Strait of Hormuz

Panama-flagged tanker Idemitsu Maru, carrying 2 million barrels of Saudi oil, crossed the Strait of Hormuz, LSEG shipping data showed on Tuesday, becoming the ‌first Japan-linked crude tanker to do so since the Iran war began. Before the U.S.-Iran conflict broke out on February 28 and disrupted Middle East crude oil and liquefied natural gas supplies, Japan relied on the region for 95% of its oil imports, much of ‌it coming via the Strait of Hormuz.

Panama-flagged tanker Idemitsu Maru, carrying 2 million barrels of Saudi oil, crossed the Strait of Hormuz, LSEG shipping data showed on Tuesday, becoming the ‌first Japan-linked crude tanker to do so since the Iran war began.

Before the U.S.-Iran conflict broke out on February 28 and disrupted Middle East crude oil and liquefied natural gas supplies, Japan relied on the region for 95% of its oil imports, much of ‌it coming via the Strait of Hormuz. The move comes as Japan's recent diplomatic efforts to safeguard energy supplies were disrupted ‌by the war.

Earlier in April, the Sohar LNG tanker co-owned by Japan's Mitsui O.S.K. Lines and the Mitsui-owned LPG tanker , Green Sanvi, crossed the strait. Idemitsu Maru, a very large crude carrier (VLCC), is managed by a unit of Japanese refiner Idemitsu Kosan.

Idemitsu Kosan declined to comment on individual ships. The vessel ⁠was 30 ​kilometres (18.6 miles) east of Larak Island ⁠and moving eastward with its Automatic Identification System active, separate data from MarineTraffic showed.

HORMUZ TRAFFIC STAYS MUTED Between 125 and 140 ships crossed in and out ⁠of the strait daily before February 28, but seven had sailed in the past day, including a general cargo ship Gulf King that sailed ​from Iran's Bandar Abbas anchorage and the Axion I liquefied petroleum gas (LPG) tanker, which is subject to US ⁠sanctions, according to Kpler ship-tracking data and satellite analysis from SynMax.

Other vessels included dry bulk ships and a chemical tanker, SynMax analysis showed. An LNG tanker managed by ⁠UAE's ​ADNOC crossed Hormuz and was near India, ship-tracking data showed on Monday. If confirmed, it would be the first loaded LNG tanker to cross the strait since the war began. It was unclear when it sailed.

If Hormuz were to reopen ⁠by "tomorrow, we suggest that it will take until at least September for tanker and oil markets to return to something resembling 'normal,'" ship ⁠broker BRS said in a note ⁠this week. U.S. President Donald Trump is unhappy with the latest Iranian proposal on resolving the two-month war, a U.S. official said, dampening hopes for a resolution soon.