Tokyo: Prime Minister Sanae Takaichi said authorities are closely monitoring fuel price increases and possible supply disruptions that could affect the country’s energy security. Japan relies heavily on oil and natural gas imports, much of which passes through the strategic Strait of Hormuz.

Any disruption to shipping routes in the region could have a significant impact on fuel supplies and increase energy costs for businesses and households across the country. Government officials said a series of emergency measures were being discussed, including the possible release of oil from Japan’s Strategic Petroleum Reserve, financial support for energy-intensive industries, and one-time subsidies to help consumers reduce fuel costs. Officials are also looking for ways to diversify energy sources and strengthen partnerships with other suppliers.

Economists warn that a prolonged conflict in the Middle East could increase inflation in Japan by raising transportation and manufacturing costs.

Higher energy prices may also slow economic growth in a country that is still recovering from recent global economic challenges. Prime Minister Takaichi said the government will continue to work closely with international partners to monitor global energy markets and ensure stability. She added that protecting households and businesses from sudden economic shocks remains the administration’s top priority.