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Tokyo stocks tumble

A financial monitor in Tokyo shows the 225-issue Nikkei Stock Average down over 1,800 points to close at 51,515.49, a roughly two-and-a-half month low, on March 23, 2026, as crude oil futures surged after U.S. President Donald Trump said Iran's power plants will be attacked if Tehran does not lift the closure of the Strait of Hormuz.

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Tokyo stocks tumble

A financial monitor in Tokyo shows the 225-issue Nikkei Stock Average down over 1,800 points to close at 51,515.49, a roughly two-and-a-half month low, on March 23, 2026, as crude oil futures surged after U.S. President Donald Trump said Iran's power plants will be attacked if Tehran does not lift the closure of the Strait of Hormuz.

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Tokyo stocks tumble

A financial monitor in Tokyo shows the 225-issue Nikkei Stock Average down over 1,800 points to close at 51,515.49, a roughly two-and-a-half month low, on March 23, 2026, as crude oil futures surged after U.S. President Donald Trump said Iran's power plants will be attacked if Tehran does not lift the closure of the Strait of Hormuz.

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Japan: Long Lines Form at Gas Stations Ahead of Price Hike

Long lines of vehicles formed at gas stations across Japan on Wednesday, March 11, as drivers rushed to fill up before an expected sharp rise in fuel prices. Major oil wholesalers announced plans to raise gasoline wholesale prices by an average of 26 yen per liter starting March 12, prompting a surge in last-minute refueling.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Tokyo stocks plunge

A financial monitor in Tokyo on March 9, 2026, shows the 225-issue Nikkei Stock Average closing down over 2,800 points at 52,728.72, the third-largest point drop, as crude oil futures spiked amid an escalating conflict in the Middle East.

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Tokyo stocks plunge

A financial monitor in Tokyo on March 9, 2026, shows the 225-issue Nikkei Stock Average closing down over 2,800 points at 52,728.72, the third-largest point drop, as crude oil futures spiked amid an escalating conflict in the Middle East.

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Tokyo stocks plunge

A financial monitor in Tokyo on March 9, 2026, shows the 225-issue Nikkei Stock Average closing down over 2,800 points at 52,728.72, the third-largest point drop, as crude oil futures spiked amid an escalating conflict in the Middle East.

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Tokyo stocks plunge

A financial monitor in Tokyo on March 9, 2026, shows the 225-issue Nikkei Stock Average sinking over 4,200 points during the morning trading session on inflation concerns as crude oil futures surged to more than $100 per barrel.

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Tokyo stocks plunge

A financial monitor in Tokyo on March 9, 2026, shows the 225-issue Nikkei Stock Average sinking over 4,200 points during the morning trading session on inflation concerns as crude oil futures surged to more than $100 per barrel.

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Deep Sea No. 1 Energy Station - China

This undated file photo shows a shuttle oil tanker connecting with the Deep Sea No. 1 energy station for oil transportation. China's largest offshore gas field, named Deep Sea No. 1, has recently completed its 100th shipment of crude oil since being put into production, announced the China National Offshore Oil Corporation (CNOOC) on Friday. The field's total oil and gas output in 2025 exceeded 4.5 million tonnes of oil equivalent, comparable to that of a medium-sized onshore oilfield. Photo by CNOOCHandout via /Xinhua/ABACAPRESS.COM

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Deep Sea No. 1 Energy Station - China

This undated file photo shows the Deep Sea No. 1 energy station. China's largest offshore gas field, named Deep Sea No. 1, has recently completed its 100th shipment of crude oil since being put into production, announced the China National Offshore Oil Corporation (CNOOC) on Friday. The field's total oil and gas output in 2025 exceeded 4.5 million tonnes of oil equivalent, comparable to that of a medium-sized onshore oilfield. Photo by CNOOCHandout via /Xinhua/ABACAPRESS.COM

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Deep Sea No. 1 Energy Station - China

This undated file photo shows the Deep Sea No. 1 energy station carrying out condensate oil transportation operation at night. China's largest offshore gas field, named Deep Sea No. 1, has recently completed its 100th shipment of crude oil since being put into production, announced the China National Offshore Oil Corporation (CNOOC) on Friday. The field's total oil and gas output in 2025 exceeded 4.5 million tonnes of oil equivalent, comparable to that of a medium-sized onshore oilfield. Photo by CNOOCHandout via /Xinhua/ABACAPRESS.COM

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Deep Sea No. 1 Energy Station - China

This undated file photo shows a shuttle oil tanker connecting with the Deep Sea No. 1 energy station for oil transportation. China's largest offshore gas field, named Deep Sea No. 1, has recently completed its 100th shipment of crude oil since being put into production, announced the China National Offshore Oil Corporation (CNOOC) on Friday. The field's total oil and gas output in 2025 exceeded 4.5 million tonnes of oil equivalent, comparable to that of a medium-sized onshore oilfield. Photo by CNOOCHandout via /Xinhua/ABACAPRESS.COM

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Chinese Offshore Oil And Gas Platforms - Bohai Oilfield

An aerial drone photo taken on December 20, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. China's largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced Sunday. The Bohai Oilfield, which currently operates more than 60 producing oil and gas fields, has yielded a cumulative crude oil output exceeding 600 million tonnes. Over the past five years, its oil and gas production has grown by 5 percent annually, according to CNOOC. Photo by Du Penghui/Xinhua/ABACAPRESS.COM

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Chinese Offshore Oil And Gas Platforms - Bohai Oilfield

An aerial drone photo taken on December 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. China's largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced Sunday. The Bohai Oilfield, which currently operates more than 60 producing oil and gas fields, has yielded a cumulative crude oil output exceeding 600 million tonnes. Over the past five years, its oil and gas production has grown by 5 percent annually, according to CNOOC. Photo by Du Penghui/Xinhua/ABACAPRESS.COM

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Chinese Offshore Oil And Gas Platforms - Bohai Oilfield

An aerial drone photo taken on December 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. China's largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced Sunday. The Bohai Oilfield, which currently operates more than 60 producing oil and gas fields, has yielded a cumulative crude oil output exceeding 600 million tonnes. Over the past five years, its oil and gas production has grown by 5 percent annually, according to CNOOC. Photo by Du Penghui/Xinhua/ABACAPRESS.COM

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Chinese Offshore Oil And Gas Platforms - Bohai Oilfield

This photo taken on December 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. China's largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced Sunday. The Bohai Oilfield, which currently operates more than 60 producing oil and gas fields, has yielded a cumulative crude oil output exceeding 600 million tonnes. Over the past five years, its oil and gas production has grown by 5 percent annually, according to CNOOC. Photo by Du Penghui/Xinhua/ABACAPRESS.COM

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Chinese Offshore Oil And Gas Platforms - Bohai Oilfield

An aerial drone photo taken on December 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. China's largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced Sunday. The Bohai Oilfield, which currently operates more than 60 producing oil and gas fields, has yielded a cumulative crude oil output exceeding 600 million tonnes. Over the past five years, its oil and gas production has grown by 5 percent annually, according to CNOOC. Photo by Du Penghui/Xinhua/ABACAPRESS.COM

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Chinese Offshore Oil And Gas Platforms - Bohai Oilfield

This photo taken on December 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. China's largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced Sunday. The Bohai Oilfield, which currently operates more than 60 producing oil and gas fields, has yielded a cumulative crude oil output exceeding 600 million tonnes. Over the past five years, its oil and gas production has grown by 5 percent annually, according to CNOOC. Photo by Du Penghui/Xinhua/ABACAPRESS.COM

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Chinese Offshore Oil And Gas Platforms - Bohai Oilfield

This photo taken on December 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. China's largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced Sunday. The Bohai Oilfield, which currently operates more than 60 producing oil and gas fields, has yielded a cumulative crude oil output exceeding 600 million tonnes. Over the past five years, its oil and gas production has grown by 5 percent annually, according to CNOOC. Photo by Du Penghui/Xinhua/ABACAPRESS.COM

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Chinese Offshore Oil And Gas Platforms - Bohai Oilfield

An aerial drone photo taken on December 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. China's largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced Sunday. The Bohai Oilfield, which currently operates more than 60 producing oil and gas fields, has yielded a cumulative crude oil output exceeding 600 million tonnes. Over the past five years, its oil and gas production has grown by 5 percent annually, according to CNOOC. Photo by Du Penghui/Xinhua/ABACAPRESS.COM

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A cargo ship loaded with imported crude oil docked at the crude oil terminal in Qingdao Port, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A cargo ship loaded with imported crude oil docked at the crude oil terminal in Qingdao Port, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A cargo ship loaded with imported crude oil docked at the crude oil terminal in Qingdao Port, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A cargo ship loaded with imported crude oil docked at the crude oil terminal in Qingdao Port, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A cargo ship loaded with imported crude oil docked at the crude oil terminal in Qingdao Port, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A cargo ship loaded with imported crude oil docked at the crude oil terminal in Qingdao Port, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A cargo ship loaded with imported crude oil docked at the crude oil terminal in Qingdao Port, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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Qingdao Port Crude Oil Terminal

QINGDAO, CHINA - NOVEMBER 28, 2025 - A tanker berthed and unloaded imported crude oil at the Qingdao Port crude oil terminal in Qingdao, Shandong Province, China on November 28, 2025.

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China Crude Oil Reserves

YANTAI, CHINA - NOVEMBER 14, 2025 - Various oil storage facilities in Longkou Port Area, Yantai City, Shandong Province, China on November 14, 2025.

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China Crude Oil Reserves

YANTAI, CHINA - NOVEMBER 14, 2025 - Various oil storage facilities in Longkou Port Area, Yantai City, Shandong Province, China on November 14, 2025.

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China Crude Oil Reserves

YANTAI, CHINA - NOVEMBER 14, 2025 - Various oil storage facilities in Longkou Port Area, Yantai City, Shandong Province, China on November 14, 2025.

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China Crude Oil Reserves

YANTAI, CHINA - NOVEMBER 14, 2025 - Various oil storage facilities in Longkou Port Area, Yantai City, Shandong Province, China on November 14, 2025.

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Ultra Large Crude Oil Ship

QINGDAO, CHINA - NOVEMBER 10, 2025 - The working scene of CSSC Beihai Shipbuilding Site located in Qingdao West Coast New Area, Qingdao City, Shandong Province, China on November 10, 2025.

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Ultra Large Crude Oil Ship

QINGDAO, CHINA - NOVEMBER 10, 2025 - CSSC Beihai Shipbuilding delivered its first 319000 ton ammonia reserved ultra large crude oil ship to a Belgian shipowner in Qingdao West Coast New Area, Shandong Province, China on November 10, 2025.