Japan Urges G7 to Stabilize Energy Markets Amid Iran War
Japan asked G7 nations to prepare flexible measures like oil stockpile releases to stabilize markets. Industry Minister Akazawa cited risks from the Iran war.
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The government of Japan has called upon the Group of Seven (G7) and the International Energy Agency to prepare further flexible measures to stabilize global energy markets as the conflict in the Middle East persists. Industry Minister Ryosei Akazawa suggested that these interventions could include coordinated releases of oil stockpiles at appropriate times to mitigate volatility.
