Trump administration proposes $5 billion to kickstart investment fund to rebuild Gulf energy sites, WSJ reports

US plans $5 billion Middle East reconstruction fund for Iran war

The Trump administration has proposed a $5 billion fund to help rebuild critical infrastructure across the Middle East damaged in the war with Iran even though the seven-month conflict continues.

U.S. Proposes $5 Billion to Kickstart Fund to Rebuild Gulf Energy Sites

US proposes $5B fund to rebuild Gulf energy infrastructure

The Trump administration has proposed putting $5 billion into a new fund to repair Middle Eastern energy infrastructure damaged during the Iran war and reduce regional dependence on the Strait of Hormuz, The Wall Street Journal reported.The US wants...

Trump Proposes $10B Middle East Infrastructure Project

Wall Street Journal: “Under the initiative—called Partnership for Allied Trust and Construction, or Pact—the U.S. would then seek a matching $5 billion contribution from eight Middle Eastern partners to help countries in the region rebuild energy infrastructure battered in the Iran war.” “The plain aims to reduce the region’s reliance on the Strait of Hormuz […]

Trump administration proposes $5 billion to kickstart investment fund to rebuild Gulf energy sites, WSJ reports

The Trump administration ‌has proposed investing $5 billion in a ​new fund ​that would help Middle ⁠East countries ​rebuild energy infrastructure battered ​in the Iran war and reduce their ​reliance on ​the Strait of Hormuz to ‌transport ⁠oil and gas, the Wall Street Journal reported ​on ​Monday, ⁠citing U.S. and Middle Eastern ​officials and ​documents.