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Japan Orders Energy Action Plan by August End After U.S.-Iran Deal
Prime Minister Sanae Takaichi directed industry minister Ryosei Akazawa to complete an energy action plan by the end of August. The move follows a U.S.-Iran memorandum of understanding that has eased global crude oil prices.
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Prime Minister Sanae Takaichi on Friday directed industry minister Ryosei Akazawa to prepare an energy action plan by the end of August. The instruction came during a ministerial meeting on the Middle East situation in Tokyo. Global crude oil prices have eased after the United States and Iran signed a memorandum of understanding to end their conflict.
Takaichi said the timing offers a chance to strengthen Japan’s energy supply-demand structure and expand international cooperation. She intends to incorporate the plan into the government’s fiscal 2027 budget. Electricity demand has risen with greater use of artificial intelligence.
During the meeting Takaichi also outlined steps to address supply disruptions for oil-related products. Concerns over lubricant shortages have eased after a new system let bus operators and auto repair shops purchase supplies directly from suppliers.
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