Japanese refiners use ship-to-ship transfers to keep Middle East crude flowing
Japan's largest oil wholesalers have turned to ship-to-ship transfers to keep insurance costs in the Strait of Hormuz manageable during the Iran-Israel war. The transfers take place in the Gulf of Oman, with tankers swapping cargoes before leaving Middle Eastern waters. The workaround has kept refinery supply uninterrupted since the conflict began.
Nikkei Asia2 h ago5020.T 5019.T