Tokyo is still trying to prevent being caught in the geopolitical cross-fire between Washington and Tehran. On Friday, Japan’s Minister of Economy, Trade, and Industry (METI) Hiroshige Seko said that his country remains committed to avoiding any harmful impact from U.S. sanctions on Iran, as it sees the OPEC member important for the country’s energy supply security. “Japan’s relationship with Iran, as one of the world’s leading oil producing countries, is important as the country relies on almost all of its petroleum [needs] on imports,” Seko’s said at a press conference in Tokyo and reported by S&P Global Platts. Seko also refused to disclose the nature of Japan’s talks with the U.S. over Iranian sanctions, but said: “we intend to have close discussions with the US side in order to avoid having a harmful effect from the US measures on Japan’s stable energy supply and its corporate activity.” Japan, […]