Japan Requests UAE to Maintain Stable Oil Supply

Golden Ten Data reported on March 5th that, according to Japan's Jiji Press, Japan's Minister of Economy, Trade and Industry, Akazawa Ryo Masa, on Thursday urged the UAE to maintain stable oil supplies despite disruptions caused by Iranian attacks. During a meeting in Tokyo with his UAE counterpart and Sultan Jaber, CEO of Abu Dhabi National Oil Company, Akazawa called on the UAE, Japan's main oil supplier, to play a leading role in stabilizing the oil market. Jaber responded that Japan is a highly prioritized strategic partner for the UAE and that the UAE will fulfill its role. However, he added that if the Strait of Hormuz, a key oil transportation chokepoint, is disrupted, there would be nothing they could do.