Japan Drains Emergency Oil Stockpile for Second Time This Year

Japan has released another batch of oil from its national emergency reserves. The government is tapping the stockpile to stabilize the market as global supply risks increase. The release equals roughly 30 days of the country's average demand. It is Japan's second such action this year. Officials cited rising tensions in the Middle East as a key reason. The conflict has created uncertainty over long-term energy supplies. The move aims to prevent a sharp rise in domestic fuel prices. Japan, like many nations, maintains strategic petroleum reserves. These are for use during severe supply disruptions. The International Energy Agency recommends members hold 90 days of oil in reserve. The release follows a similar action in April. Both are part of a coordinated effort with other countries to calm the global oil market.