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Japan asks IEA to prepare coordinated oil release

Japan's prime minister asked the International Energy Agency to prepare an additional coordinated release of oil reserves; the IEA head says he is 'ready to move forward' if needed.

Published Mar 25, 2026, 2:42 AM EDT | WFMZZ

Japan's prime minister asked the International Energy Agency to prepare an additional 'coordinated release' of oil. The IEA head said Wednesday he was "ready to move forward" with an additional release of oil reserves "if and when necessary."