Japan Releases Oil Reserves to Ease Price Pressures

Japan announced the release of additional oil from its strategic reserves to curb rising prices.

The Ministry of Economy confirmed that supply to refineries has already begun.

The move comes amid Middle East tensions and disruptions in the Strait of Hormuz.

Japan relies heavily on oil imports from the region.

Authorities are also using private sector reserves alongside government stocks.

The goal is to stabilize supply and ease domestic market pressure.