Japan to start releasing oil from joint stockpiles by end-March, PM says

Core Viewpoint - Japan is set to begin releasing oil from joint stockpiles by the end of March 2026, as part of a response to supply disruptions caused by the ongoing conflict in Iran [1][2]. Group 1: Oil Release Plans - Japan has initiated the release of 15 days' worth of private-sector oil inventories and plans to release a month's worth of crude from state reserves starting March 26, 2026 [2][4]. - The country will also start releasing oil from jointly held stockpiles with producing nations later in March [4]. Group 2: International Coordination - Japan's contribution to a coordinated oil stockpile release by the International Energy Agency (IEA) will amount to nearly 80 million barrels, primarily consisting of crude oil [3]. - Additionally, Japan has access to approximately 13 million barrels, or seven days of consumption, jointly held with Saudi Arabia, the UAE, and Kuwait, which can be tapped in emergencies [3].