Evian, June 17 -- Japanese Prime Minister Sanae Takaichi introduced the 'POWERR Asia' framework to the leaders present at the G7 Summit and proposed strengthening global oil stockpiles in collaboration with the International Energy Agency.

During the discussion on West Asia, where she was joined by the leaders of Egypt, Qatar, and the UAE, the Japanese PM highlighted the importance of free and safe navigation in the Strait of Hormuz and introduced 'POWERR Asia' initiative of Japan.

In a post on X she said, "I also introduced "Power Asia," which Japan has launched, and proposed supporting the strengthening of oil stockpiles in various countries in collaboration with the International Energy Agency (IEA), which received support."

"Partne...