Talks aim to secure additional crude flows and joint emergency stockpiles amid global supply concerns.
Japan and the United Arab Emirates will begin negotiations to increase oil shipments and establish shared strategic petroleum reserves. The move follows Tokyo’s push to diversify supply sources beyond traditional Middle Eastern partners.
Japan, the world’s fourth-largest oil importer, has sought to strengthen energy ties with the UAE, its second-largest crude supplier. Previous discussions focused on long-term contracts, but recent geopolitical tensions have accelerated talks on joint stockpiling.
No immediate market reaction was reported, though analysts suggest the agreement could ease regional supply risks if finalized.