Japan to Release More State Oil Reserves Amid Middle Eastern Crisis
Japan will release additional state oil reserves equivalent to about 20 days of domestic consumption starting in May, as announced by Prime Minister Sanae Takaichi. This decision aims to ensure stable crude oil supplies amid ongoing tensions in the Middle East, particularly concerning the safety of oil tankers in the Strait of Hormuz. Since March 16, Japan has released 15 days' worth from private reserves and 30 days' from national reserves, reducing total reserves from 228 days to 215 days as of April 10, 2026.
Coverage
- First reported: @CIG_telegram
- Most detailed: @CIG_telegram
- Total sources: 1
- Created: 2026-04-10 18:20:11 CEST
- Updated: 2026-04-10 18:20:22 CEST
Timeline
- @CIG_telegram · 1 messages 📷 2026-04-10T16:19:51+00:00
Media
Source Messages
🛢 🇯🇵 🇮🇷 Japan to Release More State Oil Reserves
Japan will start releasing additional state oil reserves equivalent to about 20 days of domestic consumption as early as the beginning of May, Prime Minister Sanae Takaichi said Friday.
"We will ensure stable crude oil supplies," Takaichi said at a meeting of relevant cabinet ministers to discuss how to cope with the fallout from the ongoing Middle Eastern crisis.
The decision comes as it remains uncertain whether oil tankers can safely pass through the Strait of Hormuz even after the United States and Iran agreed on a ceasefire.
Since March 16, the Japanese government has released in step 15 days' worth of oil from private reserves, 30 days' worth from national reserves and roughly six days' worth from oil producer countries' joint reserves. The country had 228 days' worth of oil reserves in total as of Tuesday, down 13 days' worth from the start of the release.
https://www.nippon.com/en/news/yjj2026041000284/
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Japan will start releasing additional state oil reserves equivalent to about 20 days of domestic consumption as early as the beginning of May, Prime Minister Sanae Takaichi said Friday.
"We will ensure stable crude oil supplies," Takaichi said at a meeting of relevant cabinet ministers to discuss how to cope with the fallout from the ongoing Middle Eastern crisis.
The decision comes as it remains uncertain whether oil tankers can safely pass through the Strait of Hormuz even after the United States and Iran agreed on a ceasefire.
Since March 16, the Japanese government has released in step 15 days' worth of oil from private reserves, 30 days' worth from national reserves and roughly six days' worth from oil producer countries' joint reserves. The country had 228 days' worth of oil reserves in total as of Tuesday, down 13 days' worth from the start of the release.
https://www.nippon.com/en/news/yjj2026041000284/