Japan to start release of state oil reserve Thurs. to ease Iran impact

The Japanese government said it will start releasing 30 days' worth of state-held oil from Thursday to cushion the impact on the economy as concerns over supply mount and oil prices soar amid the ongoing U.S.-Israeli war with Iran.On Tuesday, the industry ministry announced that the government plans to sell a total of about 8.5 million kiloliters of oil from 11 storage bases across the country, following the private sector's release of 15 days' worth of oil stockpiles last week.According to the ministry, Middle Eastern countries such as the United Arab Emirates will discharge five days' wor…READ FULL ARTICLE