Trump administration reportedly proposes $5 billion for Gulf energy rebuilding fund
Reuters, citing The Wall Street Journal, reports the proposed fund would help Middle East countries rebuild energy infrastructure damaged in the Iran war and reduce reliance on the Strait of Hormuz for oil and gas transport.
TLDR
The Trump administration has proposed investing $5 billion in a new fund to help Middle East countries rebuild energy infrastructure battered in the Iran war, Reuters reports, citing The Wall Street Journal. The proposal also aims to reduce those countries’ reliance on the Strait of Hormuz to transport oil and gas. The Journal cited U.S. and Middle Eastern officials and documents.
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