Japan taps oil reserves as Iran war spreads. Could it give China leverage?

Japan’s unilateral decision to release oil from its emergency stockpiles highlights its vulnerability to prolonged supply disruptions and may leave it more exposed to economic pressure from China amid tense bilateral relations, according to analysts. Tokyo announced earlier this week that it planned to release a total of 80 million barrels starting March 16, marking the first time it would independently tap its national reserves. The decision came ahead of a coordinated response by the...


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