{
    "success": true,
    "data": {
        "id": 1670141,
        "msgid": "japan-plans-to-release-additional-oil-reserves-equivalent-to-20-days-in-may-1775829052",
        "date": "2026-04-10 20:04:19",
        "title": "Japan Plans to Release Additional Oil Reserves Equivalent to 20 Days in May",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Energy",
        "summary": "Japan's Prime Minister Sanae Takaichi announced plans to release additional oil reserves equivalent to 20 days' supply in May, as an extension of efforts initiated in mid-March to stabilise supplies amid ongoing uncertainties in the Middle East. This follows the release of reserves covering about 50 days since 16 March, prompted by the closure of major oil shipping routes due to conflict at the end of February. Despite a two-week US-Iran ceasefire, the safety of passage through the Strait of Hormuz remains uncertain, though Japan expects to secure over half of its oil imports via alternative routes by May, highlighting its heavy reliance on the region for more than 90% of its crude oil needs.",
        "content": "<p>Tokyo (ANTARA) - Japan plans to release oil reserves equivalent to 20\ndays in May, Japanese Prime Minister Sanae Takaichi said on Friday\n(10\/4), marking an additional step in efforts underway since mid-March.\nTakaichi revealed the plan during a ministerial-level meeting on Friday\nto discuss the Middle East situation amid uncertainties regarding safe\npassage through the Strait of Hormuz, regardless of the US-Iran\nceasefire agreement. The Japanese government began releasing reserves\nequivalent to around 50 days onto the market on 16 March to secure a\nstable supply, after the outbreak of conflict in the Middle East at the\nend of February led to the closure of most major oil shipping routes.\nAlthough the US and Iran have agreed to a two-week ceasefire, it is\nstill uncertain whether shipments through the Strait of Hormuz can\nresume smoothly or return to pre-war operational conditions. Takaichi\ntold the media that \u201cwe will take every possible step to ensure the\nstability of crude oil supplies.\u201d By May, Japan should be able to secure\nmore than half of its oil imports through routes that do not pass\nthrough the Strait of Hormuz, according to Takaichi, without specifying\nthe source. Japan relies on the Middle East for more than 90 per cent of\nits crude oil imports, most of which pass through the Strait of\nHormuz.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/japan-plans-to-release-additional-oil-reserves-equivalent-to-20-days-in-may-1775829052",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}