Japan Moves to Tap Oil Reserves as Iran War Shuts the Strait of Hormuz

Japan directed a national oil storage facility to prepare for a possible crude release on Sunday, signaling that Tokyo may act unilaterally to cushion the blow of a Middle East war that has effectively closed the world’s most critical oil shipping lane. An opposition lawmaker revealed that the Agency for Natural Resources and Energy had […] The post Japan Moves to Tap Oil Reserves as Iran War Shuts the Strait of Hormuz appeared first on the deep dive.