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Japan Trade Chief Says Hormuz Off-Limits As Hostilities Reignite
Japan Trade Chief Says Hormuz Off-Limits As Hostilities Reignite
By Michael Kern of OilPrice.com
Commercial shipping through the Strait of Hormuz is once again off-limits in the near term as the renewed hostilities and threats to vessels led to another spike in risks of transiting the key tanker and container shipping lane, according to Masahiro Okafuji, chair of the Japan Foreign Trade Council.
“No one would go there, because it’s dangerous,” Okafuji told a media conference on Wednesday, as carried by Bloomberg.
Renewed re-routing of the shipping lanes around the Cape of Good...
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