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Monday, September 21, 2026
The Trump administration is proposing investing $5 billion in a fund that would help Middle East countries rebuild their energy infrastructure following the Iran War, the Wall Street Journal reported. The goal would be to have the countries reduce their reliance on the Strait of Hormuz for transporting oil and gas, the Journal reported. The U.S. would seek matching contributions from eight Middle Eastern countries: Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait, Oman, Iraq, and Jordan, hoping to establish a $10 billion investment fund. |
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