Situation in Iran[Impact on Japan]Government accelerates diversification of crude oil procurement sources

As concerns about crude oil procurement are growing, the government is planning to release its largest ever oil stockpile and implement measures to ease drastic changes in prices such as gasoline, in order to limit the impact on people’s lives. On the other hand, if the problem were to last for a long time, serious consequences would be unavoidable, so we are urgently seeking to diversify our procurement sources. One month since the US and Israel launched attacks on Iran, we summarize the impact on Japan.



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