One month on, Iran conflict fuels worries for Japanese firms and households

Fuel pumps at a Cosmo Oil gas station in Tokyo on March 16
| Bloomberg
A boiler at a public bathhouse in the city of Osaka
The price of the heavy oil used for fuel is expected to sharply increase starting in April
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One month after the United States and Israel began attacking Iran, concerns are growing in Japan that soaring crude oil prices could lead to even higher food and other prices, putting additional strain on businesses and households.Iran's de facto blockade of the Strait of Hormuz, a major oil chokepoint, has driven up crude oil prices, hitting businesses such as farms, sentō public bathhouses, and public transportation operators.Dubbed the "blood of industry," crude oil is essential to many industry sectors
It is refined into gasoline, kerosene, gas oil and fuel oil, which serve as power and heat sources, as well as naphtha, a raw material for plastic products.

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