Payam Javan: Japan has begun releasing emergency oil reserves after the ongoing conflict involving Iran disrupted energy flows across the Middle East and drove global crude prices sharply higher. The Japanese government announced it would start releasing 15 days’ worth of privately held oil reserves from March 16, followed by an additional month’s supply from state stockpiles later in the month, according to the Ministry of Economy, Trade and Industry (METI).

The move comes as escalating tensions in the region have severely affected shipping through the Strait of Hormuz, one of the world’s most critical energy transit routes. Japanese Prime Minister Sanae Takaichi recently confirmed that the country plans to release 80 million barrels of oil from national reserves—the largest drawdown in Japan’s history—to help stabilize both domestic energy supplies and international markets.

Energy analysts say the emergency release may provide short-term relief but cannot fully compensate for a prolonged disruption in the Gulf. Yuriy Humber, CEO of the Tokyo-based Yuri Group consultancy, noted that strategic reserves can help stabilize prices and supply temporarily but are primarily intended to buy time while markets adjust to ongoing geopolitical risks.

Japan’s decision is part of a broader international effort coordinated with the International Energy Agency (IEA). Member countries agreed earlier this month to release a combined 400 million barrels of oil from strategic reserves amid the dramatic slowdown of tanker traffic through the Strait of Hormuz, where attacks on commercial vessels have sharply reduced global shipments and heightened concerns over energy security.