Prime Minister Sanae Takaichi says Japan will begin releasing part of its national oil stockpile on Thursday, in response to growing supply concerns.
Takaichi said in a post on X, that “from this week on the 26th, we will begin releasing national stockpiles”.
Japan already tapped into private stockpiles last week to secure the “amount required for Japan as a whole”, the post said.
Nearly 95% of the oil Japan uses flows through the Strait of Hormuz.
