Strait of Hormuz Tensions Escalate

Japanese PM Sanae Takaichi arranges talks with Iran and Trump on Hormuz crisis.
Trump extends deadline for Iran to reopen Strait of Hormuz, critical for Japan's oil.
43 Japan-linked vessels remain trapped in Hormuz Strait.
Japan holds 8 months of oil and 4 months of naphtha reserves.
Japan denies energy supply issues, diversifying suppliers for midstream products.
Former diplomat Koichiro Tanaka warns US inaction creates power vacuum for China.
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