The Japanese government is considering intervention in crude oil futures.

Market sources said that with the Middle East crisis driving energy prices sharply higher, the Japanese government is considering intervening in the crude oil futures market. The government has inquired about specific ways to intervene in the crude oil futures market. Earlier, as tensions in Iran led to an increase in energy prices, several top exchange officials expressed opposition to any potential US government intervention in the crude oil futures market. In response to reports of the Japanese government taking action in the oil market, the Japanese Ministry of Finance has not immediately responded to requests for comment.