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July 03, 2026
 

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OIL

Young Houthi supporters hold weapons during a rally in solidarity with Tehran and Beirut, amid the U.S.-Israeli war with Iran, in the Yemeni capital of Sanaa on Friday.
WORLD
Mar 29, 2026
Yemen’s Houthis enter Iran war with attacks on Israel, as U.S. Marines arrive in region
The risk of an expanded Iran war grew as Yemen’s Iran-aligned Houthis on Saturday launched their first attacks on Israel since the start of the conflict.
Fuel pumps at a Cosmo Oil gas station in Tokyo on March 16
BUSINESS / Companies
Mar 29, 2026
One month on, Iran conflict fuels worries for Japanese firms and households
Iran’s blockade of the Strait of Hormuz has driven up crude oil prices, hitting businesses such as farms, bathhouses and public transportation operators.
Passengers walk past a display board showing canceled flights to Dubai and Doha amid regional airspace closures at Noi Bai International Airport in Hanoi, Vietnam, on March 2.
BUSINESS
Mar 28, 2026
Asia’s air travel crisis risks spreading on Iran war’s jet fuel squeeze
Asia has been particularly affected because of its exposure to oil that normally comes through the Strait of Hormuz, which has been blocked by Iran.
The Takasago Thermal Power Plant in Takasago, Hyogo Prefecture. Japan will increase the use of coal-fired power plants to strengthen energy supply amid the Middle East energy shock.
BUSINESS
Mar 27, 2026
Japan to allow more coal-fired power to cope with energy shock
Japan is joining other nations that have shifted course to use the dirtiest fossil fuel more in the wake of of the war.
An oil tanker docked at an oil refinery in Yokohama. Japan is feeling the pain of the war in Iran acutely as it imports more than 90% of its crude oil from the Middle East.
BUSINESS / Economy
Mar 27, 2026
Investors game out stagflation risk in Japan as oil prices rise
Global funds including Allianz Global Investors and Amundi are already hedging against stagflation with the Iran conflict nearing the one-month mark.
A maze of crude oil pipe and equipment at the Strategic Petroleum Reserve in Freeport, Texas. While U.S. officials have said the spike in oil prices during the war with Iran will be short-lived, other nations aren't so convinced.
BUSINESS / ANALYSIS
Mar 27, 2026
Trump officials tout U.S. energy dominance as global oil executives warn of supply crisis
The contrasting messages relayed to industry leaders at the annual CERAWeek conference in Houston reflected the different political realities in the U.S. and the rest of the world.
Tanker trucks line up at an oil terminal in Yokohama earlier this month amid surging oil prices due to the Iran conflict.
EDITORIALS
Mar 27, 2026
Iran war exposes the global economy’s vulnerability
Oil is the Achilles heel of the global economy. Skyrocketing gasoline prices get considerable attention with good reason, but their real impact is more extensive than imagined.
At 10:59 a.m. on Thursday, the Japan Organization for Metals and Energy Security commenced the release of about 400,000 kiloliters of oil from the Kikuma National Petroleum Stockpiling Base in Imabari, Ehime Prefecture.
BUSINESS / Economy
Mar 26, 2026
Oil starts flowing from Japan’s national reserves
The release is part of the country’s 80-million-barrel contribution to a coordinated global intervention.
An EV car owner charges his vehicle at a charging station in Addis Ababa, Ethiopia, in February.
ENVIRONMENT / Energy
Mar 26, 2026
U.S.-Israeli war on Iran pushes consumers to reconsider fossil fuel alternatives
Consumers are responding to one of the largest disruptions in global oil markets by embracing low-carbon technologies that promise lower bills.
An employee works next to a reel of copper flat wire on the production line at the Wellascent factory in Ganzhou, Jiangxi province, China, on Aug. 14.
BUSINESS / Companies
Mar 26, 2026
China’s official calm belies a war battering its small factories
In public, top leaders have so far sidestepped the Iran war’s toll on China.
The energy crisis caused by the war in Iran is strengthening the case for electric vehicles for some consumers. Chinese carmakers are expected to be the big winners.
COMMENTARY / World
Mar 26, 2026
The oil shock is accelerating Asia’s EV revolution
EVs have already hit solid double-digit market shares in multiple emerging markets, as falling battery costs and tax incentives helped undercut conventional cars.
People queue to fill their two-wheelers in Ahmedabad, India, on March 23.
ASIA PACIFIC
Mar 26, 2026
Asia braces for worst-case energy scenarios as Iran war drags on
In the weeks since the Middle East conflict began, nations have shifted into emergency footing, highlighting the Strait of Hormuz’s importance to global energy flows.
Prime Minister Sanae Takaichi and International Energy Agency Executive Director Fatih Birol pose at the beginning of their meeting at the Prime Minister's Office in Tokyo on Wednesday.
JAPAN
Mar 25, 2026
Takaichi asks IEA chief to prepare additional ‘coordinated release’ of oil
The head of the International Energy Agency has said he is “ready to move forward” with an additional release of oil reserves “if and when necessary.”
Philippine President Ferdinand Marcos Jr. declared a national energy emergency late Tuesday, saying there is an "imminent danger of a critically low energy supply.”
ASIA PACIFIC
Mar 25, 2026
Philippines declares emergency as energy supplies run short
There is an “imminent danger of a critically low energy supply,” Philippine President Ferdinand Marcos Jr. said in an executive order late Tuesday.
An oil tanker anchors off Muscat, Oman, on March 7, as regional tensions amid the U.S.-Israeli-Iran conflict have virtually closed off the Strait of Hormuz, a vital waterway.
COMMENTARY / Japan / Geoeconomic Briefing
Mar 25, 2026
War in the Persian Gulf means volatility in the global energy market
Japanese companies have long assumed a stable future energy supply. That assumption is no longer secure.
An ethanol distillery plant at a sugar mill in Meerut, Uttar Pradesh, India. The ethanol industry is struggling as the supply of the fuel now outstrips demand.
BUSINESS / Markets
Mar 25, 2026
India’s ethanol producers feel the pinch of success
For the 2025 to 2026 ethanol supply year, Indian oil companies sought bids for about 10.50 billion liters of the fuel, but producers offered around 17.76 billion liters.
Philippine President Ferdinand Marcos Jr. said grounding planes due to a shortage of jet fuel brought on by the war in Iran is a "distinct possibility."
ASIA PACIFIC
Mar 25, 2026
Philippines says grounding planes is a ‘distinct possibility’
Because the Philippines relies heavily on imported crude, it’s more exposed than other nations to energy shortages and spiraling domestic fuel prices.
U.S. President Donald Trump, right, and Indian Prime Minister Narendra Modi during a news conference in the East Room of the White House in Washington on Feb. 13, 2025.
WORLD
Mar 25, 2026
Trump and Modi discuss Strait of Hormuz as India faces gas shortage
The war in the Middle East has cut off flows of crude oil and liquefied natural gas, driving up prices and sparking volatility in global markets.
Prices are displayed at a gas station in Nagano last week. Japan's government is making efforts to prevent the prices of petroleum products rising excessively.
BUSINESS / Economy
Mar 24, 2026
Oil tankers that did not transit the Strait of Hormuz to arrive in Japan soon
One departed from the Red Sea and the other from a port just beyond the strait
Fuel price pressures are hitting growers and winemakers at the same time as tariffs imposed by U.S. President Donald Trump.
BUSINESS
Mar 24, 2026
From Indian movies to Italian wine, Trump’s war on Iran to cause pain worldwide
Effects of the conflict are reaching industries that might’ve seemed insulated from the fallout, and that’s unlikely to be reversed quickly.
Japan triples departure tax in push to combat overtourism
Tourists in Yanaka Ginza, Tokyo, on Wednesday. Japan tripled its International Tourist Tax (departure tax) to ¥3,000 from ¥1,000 on Wednesday for all travelers leaving Japan, regardless of nationality.
‘My dream is broken’: Japan visa rules push out foreign residents
A man orders from a kebab shop in the Okubo district in Tokyo.
More facilities in Japan placing sanitary bins in men’s restrooms
A sanitary bin with an awareness sticker placed in a men's restroom in the Nagasaki Municipal Government building
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
Japanese-language education is at a turning point
The country is gradually transforming Japanese-language education from a volunteer-driven system into a professional, government-supported network to better serve its growing foreign population. 
Six of the best: rikishi of note in each sumo division
Kazuma (right) faces off against future <i>yokozuna</i> Onosato during the All Japan Amateur Sumo Championships at the Ryogoku Kokugikan in Tokyo in December 2020.
Some startups see opportunity in an aging Japan
Yasmin Baba, CTO of Amilis, wins the Grand Prize at the Pitch2Tokyo Grand Final on Feb. 19.
Japan’s fertility system offers few safe paths for same-sex couples
A Tokyo Pride parade participant holds a sign that says "we want to be a married couple, not a couple."
Life inside Japan’s largest prison for women
Western-style rooms spanning the size of four tatami mats with hardwood floors, a toilet and soft mattresses on bed frames are designated for foreign nationals and those with health conditions at Tochigi Prison.
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

The Terasaka Rice Terraces are seen with Mount Buko in the background.
What Yokoze can teach Japan about rural revival
By Alex K.T. Martin

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