Japan to Release 45-Day Oil Reserve as Takaichi Warns of Sharp Drop in Imports | DWS News | AH1C
Japan has officially moved to a wartime energy footing. Prime Minister Sanae Takaichi announced on Wednesday that the nation will release 45 days of its strategic oil reserves—combining both state-held and privately-managed stocks—to combat a looming supply “cliff” caused by the U.S.-Israel-Iran war. The decision comes as the Strait of Hormuz remains effectively closed to commercial traffic, threatening Japan’s industrial survival and its 95% dependency on Middle Eastern crude.
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