Tokyo's move comes as oil prices remain elevated amid the effective closure of the Strait of Hormuz.

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…

Record oil release steadies markets, but war-driven disruption in the Strait of Hormuz keeps energy supplies uncertain.

Tokyo's move comes as oil prices remain elevated amid the effective closure of the Strait of Hormuz.