Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
Japan’s Prime Minister Sanae Takaichi said the two countries would strengthen cooperation amid growing concern over the conflict’s impact on global energy markets. Speaking in Tokyo alongside Indonesia’s President Prabowo Subianto, she said the Iran situation had renewed global focus on resource security, describing Indonesia as a major resource-rich nation.
The leaders met as tensions in the Middle East disrupt shipments through the strategically important Strait of Hormuz, a key route for oil and gas supplies to Asia.
Indonesia is the world’s largest exporter of thermal coal for power generation, accounting for about half of global exports. It is also a major liquefied natural gas supplier, with roughly a quarter of its shipments destined for Japan.
Japan said on Friday (27 March) it will allow utilities to increase the use of coal-fired power plants from next month to cushion potential disruption to liquefied natural gas imports caused by the war.
Both leaders said they would “make their best efforts to convince all parties (in the Middle East) to de-escalate” the conflict. Prabowo also invited Japan’s participation in Indonesia’s economy, including in critical minerals, rare earths, industrialisation and nuclear energy.
Neither leader provided details on how the two countries would coordinate on economic security.
In response to the conflict, Japan has opened its oil stockpiles and is seeking energy supplies beyond the Middle East.
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The Iran-U.S.-Israel conflict is escalating further with missile and drone attacks, expanded strikes on key infrastructure, and growing regional fallout. At the same time, diplomatic efforts to de-escalate began to emerge amid rising global energy and security concerns.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
The European Union's top diplomat Kaja Kallas and several EU foreign ministers arrived in Kyiv on Tuesday to mark the fourth anniversary of the Bucha massacre and to voice their support for Ukraine, amid tensions within the bloc over blocked EU aid.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 31 March, covering the latest developments you need to know.
U.S. President Donald Trump has said that the U.S is in talks with the new Iranian regime. He said this in a post on his Truth Social account but warned that the U.S. will "Obliterate" Iran's electric and oil facilities if no deal is reached, especially regarding the Strait of Hormuz closure.
NASA is aiming to launch its Artemis 2 mission on Wednesday (1 April), sending astronauts on a 10-day journey around the Moon, officials confirmed. According to the Space Administration, the launch window is due to open at 23:24 GMT, with additional opportunities to 6 April if delays occur.
Cuba and the United States have been at odds for more than six decades, with tensions rooted in the 1959 revolution that transformed the island’s political and economic system. Renewed focus on relations comes as Donald Trump’s rhetoric intensifies and conditions on the island worsen.
A senior Iranian military officer warned that American troops will become ‘food for sharks’ on Sunday if the U.S. launches a ground offensive in Iran. The threat came as contingents of U.S. Marines began to arrive in the Middle East, with thousands expected to be deployed in the region.
The Iran-U.S.-Israel conflict is escalating further with missile and drone attacks, expanded strikes on key infrastructure, and growing regional fallout. At the same time, diplomatic efforts to de-escalate began to emerge amid rising global energy and security concerns.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
Stock markets across Asia fell on Monday as escalating conflict involving Iran drove oil prices sharply higher, fuelling fears of inflation and a potential global recession, with investors reacting to disruption risks in the Strait of Hormuz and prolonged hostilities.
World Trade Organization (WTO) talks broke up with no agreement on Monday on a plan for reform or even on extending a moratorium on e-commerce, piling more pressure on the trade body that finds itself increasingly sidelined by economic nationalism.
Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from combustion engines.
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