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Japan to release oil stocks as US says buy American
TOKYO: Japan plans to start releasing oil from its stockpiles on March 16 to soften the shock from the US-Israeli war on Iran, a stark reminder of the oil crisis half a century ago that prompted Tokyo to create reserves. As gasoline prices across Japan started to rise with the war disrupting supplies from the Gulf’s Strait of Hormuz, Tokyo pledged to release a record 80 million barrels of oil, about 45 days of supply for the resource-poor nation.
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arabnews.com
IEA’s 400m oil barrel reserve release unlikely to provide much relief to markets, analysts warn
RIYADH: The historic decision by the International Energy Agency to release 400 million barrels of oil from strategic reserve stockpiles, the largest such move in its history, is…
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Japan to release oil stocks as US says buy American
TOKYO: Japan plans to start releasing oil from its stockpiles on March 16 to soften the shock from the US-Israeli war on Iran, a stark reminder of the oil crisis half a century…
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aljazeera.com
Japan begins release of oil reserves as Iran war sparks energy crisis
Tokyo's move comes as oil prices remain elevated amid the effective closure of the Strait of Hormuz.