Japan will begin releasing oil from its strategic stockpiles on Monday to blunt supply shocks stemming from the U.S.-Israeli war on Iran. The policy response, recalling the oil crisis about 50 years ago that prompted Tokyo to build reserves, aims to temper near-term oil-price spikes and reduce immediate supply tightness.
Japan will begin releasing oil from its strategic stockpiles on Monday to blunt supply shocks stemming from the U.S.-Israeli war on Iran. The policy response, recalling the oil crisis about 50 years ago that prompted Tokyo to build reserves, aims to temper near-term oil-price spikes and reduce immediate supply tightness.
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