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Japanese media: Japan considers releasing 20 more days of oil reserves
ME News Report, April 9 (UTC+8), due to the uncertain outlook of the Strait of Hormuz reopening, despite the US and Iran reaching a ceasefire, Japan is considering releasing its oil reserves again as early as May for approximately 20 days of supply. Japan relies on about 95% of its oil supply from the Middle East, and since March 16, Japan has begun releasing its oil reserves through domestic coordination and cooperation with other countries. Japan has released about 50 days’ worth of oil and has requested the International Energy Agency to consider coordinating the release of a second batch of reserves. Currently, Japan’s oil reserves are still sufficient to last for 230 days. (Jin10) (Source: ODAILY)