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Trump administration proposes $5 billion to kickstart investment fund to rebuild Gulf energy sites, WSJ reports
reuters.com • • world
Key Points:
- The Trump administration has proposed a $5 billion fund aimed at helping Middle East countries rebuild energy infrastructure damaged by the Iran war.
- The fund's goal is to reduce these countries' reliance on the Strait of Hormuz for transporting oil and gas.
- The information was reported by the Wall Street Journal, citing U.S. and Middle Eastern officials and documents, but Reuters has not independently verified the report.
