Japan PM backs IEA's additional joint oil release as Iran war drags on

Japanese Prime Minister Sanae Takaichi on Wednesday expressed her support for a possible additional joint release of oil reserves by the International Energy Agency to address disruptions in energy markets stemming from the U.S.-Israeli conflict with Iran.During their meeting in Tokyo, Takaichi asked IEA Executive Director Fatih Birol to "prepare, if possible, for an additional coordinated release" of oil stockpiles by the 32 member nations of the Paris-based body "in case the situation is prolonged."A stable energy supply is vital for Japan, which sources nearly all crude oil from overseas…READ FULL ARTICLE