Europe and Japan Unite to Stabilize Energy Markets Amid Tensions

European nations and Japan have pledged to stabilize energy markets, responding to threats in the Strait of Hormuz. They condemned Iran's actions and plan to collaborate with energy producers to boost output. The countries are also ready to ensure safe passage through the crucial maritime corridor.

In a joint declaration on Thursday, leading European nations and Japan expressed their commitment to stabilizing energy markets amid rising tensions. The statement underscored the importance of ensuring safe passage through the Strait of Hormuz, a vital conduit for global energy, while condemning recent Iranian attacks.

The countries, including Britain, France, Germany, Italy, the Netherlands, and Japan, urged Iran to halt its aggressive actions immediately. They highlighted the readiness to undertake appropriate efforts to secure the strait and collaborated on preparatory planning to address the situation strategically.

Additionally, they praised the release of strategic petroleum reserves and pledged to take further steps to stabilize global energy markets. This includes working with particular energy-producing nations to bolster output and alleviate market volatility.

(With inputs from agencies.)