Major Japanese petroleum company expects Hormuz crisis to subside in July
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Idemitsu Kosan also seeks to secure oil supply from sources outside the Middle East
Idemitsu 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.
