Japan weighs releasing 20-day oil stock as Hormuz tensions persist
AI summaryJapan is considering releasing a 20-day oil stock from its reserves in May, according to Kyodo News, on top of the 45-day supply already released in mid-March. The move comes as the country, which relies on the Middle East for about 95% of its oil, braces for possible prolonged disruptions in the Strait of Hormuz. Experts and officials also warn of LNG shortages and potential power outages as summer approaches.