Japan approves $3.2B package to ease energy costs amid Middle East tensions

Anadolu staff

Japan has approved an additional $3.2 billion spending package aimed at easing rising electricity and gas costs as tensions in the Middle East continue to unsettle global energy markets, according to Kyodo News.

The government approved the emergency subsidy plan Tuesday to support households and small businesses during the summer months, when energy demand typically rises.

The move comes amid growing concerns over a prolonged energy crisis linked to instability around the Strait of Hormuz, a major…