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Japan reportedly calls on oil storage bases to prepare for release of stockpiles

by Investor News Today
March 9, 2026
in Investing
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Japan reportedly mulls releasing national oil reserves amid Middle East conflict
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That because the report notes that preparations are actually being made in anticipation of a chronic de facto closure of the Strait of Hormuz.

For some context, there are ten nationwide oil stockpiles in Japan. And they’re both managed by the Japan Vitality and Metals Nationwide Company (JOGMEC) and privately operated stockpiles. The federal government has now instructed these storage bases to organize for launch.

That as it will appear to line up with the reported joint launch and coordinated effort with the IEA earlier here.

The complete Nikkei report might be discovered here (could also be gated).



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