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Japan Considers Extra Oil Reserve Release Amid Hormuz Uncertainty

4/9/2026

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Summary

Story summary

Japan will consider releasing 20 extra days of oil reserves in May due to Hormuz uncertainty after the US-Iran ceasefire.
Japan relies on the Middle East for 95% of its oil and began stockpile releases on March 16, leaving about 230 days’ cover.
Ministry of Economy, Trade and Industry (METI) notes ongoing supply and distribution issues persist as Japan seeks non-Middle Eastern oil, petrol subsidies, and more coal-fired generation.

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Story summary

Japan will consider releasing 20 extra days of oil reserves in May due to Hormuz uncertainty after the US-Iran ceasefire.
Japan relies on the Middle East for 95% of its oil and began stockpile releases on March 16, leaving about 230 days’ cover.
Ministry of Economy, Trade and Industry (METI) notes ongoing supply and distribution issues persist as Japan seeks non-Middle Eastern oil, petrol subsidies, and more coal-fired generation.