Relief for global markets comes after Trump says Iranian officials are keen on a deal.
The 1973 oil embargo removed 4.5 million barrels per day from global supply. Today, that figure stands at 20 million.
US president’s reference to Japan’s 1941 attack has shaken Japanese as PM Takaichi’s silence gets mixed reaction.
Japan edges tournament hosts Australia 1-0 in the Women’s Asian Cup final to claim third title in four editions.
Japan sources 90 percent of its crude from Middle East and is heavily dependent on exports transiting the key waterway.
Women’s Asian Cup hosts Australia face criticism for the political tug of war over the Iranian women’s football team.
Hosts Australia will be hoping to turn the tables on Japan as they meet for a third time in the Asian Cup final.
Donald Trump stunned Japan’s Prime Minister Sanae Takaichi when he compared strikes on Iran to Pearl Harbor.
Countries are looking for ways to contain record-high prices as oil, gas crisis deepens.
US President Donald Trump is expected to discuss the Strait of Hormuz with Japanese Prime Minister Sanae Takaichi.
