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Japan PM asks IEA chief to prepare additional 'coordinated release' of oil

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Japan's Prime Minister Sanae Takaichi and Executive Director of the International Energy Agency (IEA) Fatih Birol

Japan's Prime Minister Sanae Takaichi and Executive Director of the International Energy Agency (IEA) Fatih Birol

The head of the International Energy Agency said Wednesday he was "ready to move forward" with an additional release of oil reserves "if and when necessary".

Fatih Birol's comments in Tokyo came after Japanese Prime Minister Sanae Takaichi asked the agency "to prepare to implement an additional release in case the situation drags on" with the war in the Middle East.

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