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Global Business News

The Economic Times

Global Business / The Economic Times

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Quad aims to create strategic crude reserve, emergency fuel response

The Quad nations are launching a new Indo-Pacific energy security initiative. This plan includes a strategic crude reserve and emergency oil response. The initiative aims to ensure energy stability and security for the region. Quad members will also cooperate on two maritime initiatives. These involve surveillance capabilities and real-time information for commercial sea traffic.

27 May 2026 12:53 am