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Japan's Gas Prices Surge, Pressuring PM Takaichi's Promises

3/20/2026

25 5 Full Breakdown

Summary

Story summary

Gasoline prices in Japan hit a record high of 191 yen per liter, rising 18% in one week.
The surge challenges Prime Minister Sanae Takaichi, who pledged to shield households from higher costs.
Japan relies on Middle Eastern oil, with crude prices above $114 per barrel.
Takaichi met with U.S. President Donald Trump to discuss energy and possible easing of Iranian oil sanctions, a step toward stabilizing prices.

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Story summary

Gasoline prices in Japan hit a record high of 191 yen per liter, rising 18% in one week.
The surge challenges Prime Minister Sanae Takaichi, who pledged to shield households from higher costs.
Japan relies on Middle Eastern oil, with crude prices above $114 per barrel.
Takaichi met with U.S. President Donald Trump to discuss energy and possible easing of Iranian oil sanctions, a step toward stabilizing prices.