# Japan strategic reserves

Iran Bars U.S. and Allies from Hormuz as Washington Seeks a Naval Escort Coalition — Allies Reply with Caution

Iran announced that the Strait of Hormuz remains open to commercial traffic but bars ships from the United States and its allies, while the U.S. seeks an international naval escort coalition. Allies have responded with caution, and energy markets and import-dependent countries such as Japan are taking contingency measures, including a major strategic oil release.