Japan to help Hormuz-dependent Philippines bolster oil reserves

What happened: Japan will help the Philippines strengthen its petroleum reserves under an agreement to be signed Thursday, providing analysis and training. Why it matters: Tokyo sees Southeast Asian energy security as crucial for its own economy. Philippine reliance on Middle Eastern oil forced emergency measures this year, including restrictions on gasoline purchases.

Japan will help the Philippines strengthen its petroleum reserves under an agreement to be signed Thursday, providing analysis and training.

Tokyo sees Southeast Asian energy security as crucial for its own economy. Philippine reliance on Middle Eastern oil forced emergency measures this year, including restrictions on gasoline purchases.