Japan Proposes Domestic Storage of American Crude Oil

Japan seeks to stockpile U.S. crude oil domestically to enhance energy security. Prime Minister Takaichi discussed the plan during her visit to Washington.

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Japan is considering the implementation of domestic stockpiles for crude oil sourced from the United States, Prime Minister Sanae Takaichi announced during her recent diplomatic visit. The move is designed to strengthen national energy security and diversify procurement channels as global markets face ongoing volatility.

Prime Minister Sanae Takaichi of Japan holds a meeting with U.S. President Donald Trump at the White House in Washington, D.C., on March 19, 2026. REUTERS/Evelyn Hockstein
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