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July 11, 2026
 

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OIL

Smoke rises from the Thai bulk carrier 'Mayuree Naree' near the Strait of Hormuz after an attack on Wednesday.
WORLD
Mar 12, 2026
Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships
The war unleashed with joint U.S. and Israeli air strikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese.
Prime Minister Sanae Takaichi on Feb. 24. The prime minister announced on Wednesday that Japan will tap its oil reserves for the first time since 2022.
BUSINESS
Mar 11, 2026
Takaichi says oil reserves to be tapped as Iran conflict hits crude flows
Japan holds stockpiled oil equivalent to about 254 days of domestic demand. The release of some of that could begin as soon as Monday.
Tankers off the coast of the United Arab Emirates. More than 70% of Japan-bound oil shipments pass through the Strait of Hormuz between the UAE and Iran.
BUSINESS / Markets
Mar 11, 2026
Japan ready to join coordinated intervention in oil markets
Concerns have intensified as crude oil tankers bound for Japan ceased navigating the Strait of Hormuz 10 days ago because the war made the passage too dangerous.
Oil storage containers and pipelines at an oil terminal in Hardisty, Canada
ASIA PACIFIC
Mar 11, 2026
China’s energy security push pays off as war roils Asia refiners
China’s position is a stark contrast to Asian countries from Japan to Thailand that have been hit hard by wartime energy disruptions.
Anabel Oliva, 20, speaks outside the University of Havana during a protest against disruptions in classes due to energy and internet shortages in Havana on Monday.
WORLD
Mar 11, 2026
‘My friends are still in jail’: Cubans take to the streets but fear crossing line
While Cubans have expressed frustration over lengthy power blackouts, a repeat of the mass 2021 protests seems unlikely due to the government’s violent repression then.
High prices for gasoline are shown at a gas station in downtown Los Angeles, California on Tuesday.
WORLD / Politics
Mar 11, 2026
Rising gas prices from Iran war imperil Republican majority in U.S. Congress
U.S. President Donald Trump had boasted about falling gasoline prices just a couple of weeks before he launched airstrikes against Iran.
U.S. President Donald Trump (right) looks on beside Russian President Vladimir Putin during a news conference following their meeting in Anchorage, Alaska, on Aug. 15, 2025.
WORLD / Politics
Mar 10, 2026
Trump and Putin talk of war and peace as U.S. weighs easing Russian oil sanctions
Such a move would help ease a supply crunch due to conflict in Iran, but also complicate U.S. efforts to deprive Russia of revenue for its war in Ukraine.
Finance Minister Satsuki Katayama attends an online meeting with her Group of Seven counterparts on Monday.
BUSINESS / Markets
Mar 10, 2026
G7 nations prepared for joint release of oil reserves amid Middle East strife
If carried out, such a move would be the first in about four years since Russia invaded Ukraine in 2022.
A man shops in a supermarket in Chanverrie, France, on Oct. 16, 2024. When prices of food and other essentials rise, the first thing people cut spending on is fashion, says consultancy Simon-Kucher.
BUSINESS / Companies
Mar 10, 2026
Europe’s struggling retail sector looks ill-prepared for new energy price shock
The sector has barely recovered from the inflation cycle triggered by spiking gas prices after Russia’s invasion of Ukraine.
Tankers are seen off the coast of Fujairah, United Arab Emirates, on March 3. Tehran has vowed to fire on ships transiting the Strait of Hormuz amid its conflict with the U.S. and Israel.
WORLD / Politics
Mar 10, 2026
Ships brandish China links to weave through Strait of Hormuz
Vessels are linking themselves to Iran’s most important economic partner in an attempt to reduce the risk of being targeted for Iranian attacks.
Cathay Pacific Airways aircraft on the tarmac at Hong Kong International Airport
BUSINESS
Mar 10, 2026
Asian airlines raise fares and mull groundings as fuel crunch looms
Carriers in the region aren’t as well hedged against high oil prices as rivals in Europe or the U.S., making them more vulnerable to sudden surges in jet fuel prices.
Stock prices declined in Tokyo on Monday on concerns that higher oil prices could affect the Japanese economy.
BUSINESS / Markets
Mar 9, 2026
Oil’s dramatic rally sends Japanese stocks, bonds and currency down
Prices recovered later on Monday on reports of possible intervention.
A Qatar Airways airplane at Dubai International Airport, amid the U.S.-Israeli conflict with Iran, in Dubai, United Arab Emirates, on Sunday.
BUSINESS / Markets
Mar 9, 2026
Airline shares battered as oil prices spike and Iran war intensifies
The war has driven up fuel prices, with oil jumping 20% in early trading on Monday, hitting its highest since July 2022.
A woman watches plumes of smoke rise from an oil storage facility after overnight strikes by U.S. and Israeli forces in Tehran on Sunday.
BUSINESS / Economy
Mar 9, 2026
Oil punches above $100 as Iran war forces more production cuts
U.S. President Donald Trump on Sunday dismissed the war-related spike in oil prices as a “small price to pay” for removing the threat of Iran’s nuclear program.
Oil storage tanks in the Keihin industrial area in Yokohama
JAPAN
Mar 8, 2026
Tokyo told national oil reserve site to prepare for release amid Iran crisis, Japan lawmaker says
Japan relies on the Middle East for around 95% of its crude supplies, with roughly 70% shipped through the Strait of Hormuz.
Sanae Takaichi and Donald Trump meet in Tokyo for a summit in October. Japan’s fossil fuel investments tied to deals with the United States show Takaichi’s government favoring legacy energy over renewables.
COMMENTARY / Japan
Mar 8, 2026
Takaichi and Trump are natural fossil fuel buddies — or are they?
More than a third of Southeast Asia’s coal power finance between 2016 and 2024 came from Japanese banks, and more than a fifth of gas.
Saudi Foreign Minister Prince Faisal bin Farhan at the Munich Security Conference in Munich on Feb. 13
WORLD
Mar 8, 2026
Saudi Arabia has told Iran not to attack it and warns of possible retaliation
The sources said the kingdom had remained in regular contact with Tehran through its ambassador since the U.S. and Israeli military campaign against Iran began.
The strait of Hormuz in December 2023
JAPAN
Mar 7, 2026
Middle East tensions disrupt maritime transport to Japan
The impact of the shipping freeze is spreading, with some Japanese automakers considering cutting production due to stalled exports.
Oil tankers in the Strait of Hormuz in 2018. Japan relies on the Middle East for around 95% of its oil supplies with around 70% coming via the Strait of Hormuz, which is effectively closed due to the Iran war.
JAPAN
Mar 6, 2026
Japan may use part of national oil stockpile amid Iran war supply crisis: report
Japan relies on the Middle East for around 95% of its oil supplies with around 70% coming via the Strait of Hormuz, which is effectively closed due to the Iran war.
Tankers off the coast of Fujairah, United Arab Emirates, on Tuesday.
WORLD
Mar 6, 2026
Qatar energy minister warns war will force Gulf to halt energy exports within weeks, report says
Qatar halted its production of liquefied natural gas on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and U.S. attacks.
China’s demand for Soviet-style apartments shows limits to revival
Apartments built during a Soviet Union-inspired construction drive in the 1970s and 1980s tend to suffer from poor insulation and outdated plumbing, but they are seeing a revival in interest due to their attractive locations.
Japanese payment processor’s collapse hits banks and restaurants
Zentoshin served around 200,000 shops, many of which rely on early payments to maintain cash flow, raising concerns over their financial stability following the disruption.
Lenders seek $700 million after Japanese payments firm’s collapse
The financial failure of Osaka-based Zentoshin has left 63 creditors with claims totaling ¥115.16 billion, according to Tokyo Shoko Research.
Trump says ‘Japan’ instead of Iran at meeting in Ankara
U.S. President Donald Trump speaks at a news conference during a NATO leaders' summit in Ankara on Wednesday.
World’s first fully sealed vertical-farming facility opens in Tokyo
Fully sealed units are stacked on top of each other at Plantx's vertical-farming facility in Tokyo's Koto Ward on Wednesday.
‘Princess Mononoke’ comes alive in Super Kabuki staging
The “Princess Mononoke” adaptation was created under Shochiku’s Super Kabuki initiative, a modern form of kabuki with more technology in staging and open to pop culture collaborations.
The beating heart inside ‘Human Vapor’
Different forms of love and connection form the emotional backbone of Netflix’s “Human Vapor,” says actor Shun Oguri, who plays troubled detective Kenji Okamoto.
Japan bets on character IP to drive global growth
Born on social media platforms in 2022, Opanchu Usagi has become a major hit, especially among Generation Z.
Filmmaker explores history of discrimination against foreign nationals in Japan
Takashi Nishihara, the director of "Now and Then," in Tokyo on Wednesday. The director has spent 10 years traversing politically charged terrain while exploring youth-driven grassroots political movements that scrutinize the status quo.
Okinawa’s prized seaweed under threat as oceans warm
Local harvesters gather <i>mozuku</i> during low tide at Hyakuna Beach in the city of Nanjo, Okinawa Prefecture. As the planet warms, rising ocean temperatures are placing increasing pressure on the seaweed industry.

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