Japan gasoline hits record high at $1.2/liter amid regional tensions

Industry ministry data released Wednesday shows that average retail gas prices in Tokyo have surged to a historic peak of 190.80 yen per liter, equivalent to approximately US$1.20 due to escalating crude oil costs linked with the Iran war conflict and geopolitical instability across Asia-Pacific regions; this fifth consecutive weekly increase marks another significant jump from March's earlier readings as global energy markets face continued volatility driven by ongoing regional security concerns affecting supply chains in East Asian nations including Japan, Thailand where prices have also...