Iran has launched a strategic diplomatic move amid Middle East tensions by offering Japan a special proposal allowing Japanese-flagged vessels to pass through the Strait of Hormuz without security risks. Iranian Foreign Minister Abbas Araghchi confirmed direct talks with his Japanese counterpart, describing the offer as part of Tehran’s effort to attract Tokyo and prevent it from joining U.S.-led military coalitions. Analysts view this as a calculated attempt by Iran to assert control over the vital waterway and reassure nations that avoid conflict with it.

At the same time, the U.S. Treasury has temporarily relaxed sanctions on Iranian oil, granting a 30-day “safe passage” for shipments loaded before March 20. This has prompted Indian refineries to prepare for renewed imports, with reports indicating that around 170 million barrels of Iranian oil have gained legal clearance for sale. Much of this oil remains stored in tankers near Chinese waters.

Traders in Singapore warn that logistical and financial hurdles, including banking reluctance and insurance issues, could delay deliveries beyond the April 19 deadline, complicating the short-term benefits of the sanction relief.