In response to Middle East conflict disruptions, Japan plans to release an extra 20 days' worth of oil from its national reserves starting May to stabilize crude oil supply.
Tokyo, Japan – On April 10, 2026, Japanese Prime Minister Sanae Takaichi officially confirmed the government’s decision to release an additional 20 days’ worth of oil reserves starting early May. This measure comes amid ongoing supply disruptions caused by conflict in the Middle East, from where Japan sources about 95% of its oil imports. The announcement was made during a meeting addressing the regional conflict’s impact on energy supplies. This release marks the second time Japan has drawn from its government-held oil reserves, which are the largest in the world. Previously, Japan also utilized 15 days’ worth of private sector petroleum stockpiles. A joint oil reserve is maintained domestically by Saudi Arabia, the United Arab Emirates, and Kuwait; normally these supplies are commercially used but during emergencies, Japanese oil companies receive preferential purchasing rights. Internationally, members of the International Energy Agency agreed in March to coordinate release of strategic reserves to alleviate surging oil prices. Official statements have emphasized the intent to ensure a stable crude oil supply and mitigate price instability resulting from the ongoing geopolitical uncertainties in the Middle East. No direct implications for overseas workers or Greece have been mentioned officially.
Sources referenced:
- https://www.gmanetwork.com/news/topstories/world/983370/japan-s-takaichi-release-oil-reserves/story/
