Japanese media: Japan considers releasing an additional 20 days' worth of oil reserves

MeNews · 2026-04-09T08:23:47+00:00

Japan is considering releasing approximately 20 days' worth of oil reserves as early as May to address uncertainties surrounding the reopening of the Strait of Hormuz. Since March 16, Japan has released about 50 days' worth of oil through domestic coordination and international cooperation.

MeNews

2026-04-09 08:23:47

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ME News update, April 9 (UTC+8). As the outlook for the Strait of Hormuz reopening remains uncertain, even though the U.S. and Iran have reached a ceasefire, Japan is considering releasing its oil reserves again as early as May—covering roughly 20 days of supply. About 95% of Japan’s oil supply depends on the Middle East. Since March 16, Japan has begun releasing its oil reserves through domestic coordination and cooperation with other countries. Japan has released a total equivalent to about 50 days of supply, and has asked the International Energy Agency to consider coordinating the release of a second batch of reserves. At present, Japan’s oil reserves are still sufficient to maintain 230 days. (Jin10) (Source: ODAILY)

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