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Japan PM says oil crisis has 'enormous impact' in Asia-Pacific

A global oil supply squeeze is inflicting an 'enormous impact' on the Asia-Pacific region, Prime Minister Sanae Takaichi said Monday.

Published May 4, 2026, 12:02 AM EDT | WFMZZ

Japan Prime Minister Sanae Takaichi said Monday that a global oil supply squeeze is inflicting an 'enormous impact' on the Asia-Pacific region. She made the comment to highlight the severity of the situation for the region.