Tokyo's move comes as oil prices remain elevated amid the effective closure of the Strait of Hormuz.
Tokyo’s move comes as oil prices remain elevated amid the effective closure of the Strait of Hormuz.
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Japan has begun releasing oil from its emergency reserves amid the global energy crisis sparked by the effective closure of the Strait of Hormuz by Iran in response to US-Israeli attacks.
The release was announced on Monday in a notice published in the Japanese government’s official gazette.
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