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US President Trump proposes USD 5bln to kickstart an investment fund to rebuild Gulf energy sites, reports WSJ
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President Trump proposed investing USD 5bln in a fund discussed with Saudi Arabia and the UAE to rebuild war-damaged Gulf energy assets and bypass the Strait of Hormuz.
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Proposal is under discussion with several Middle Eastern countries including Saudi Arabia and U.A.E. The Trump administration has proposed investing USD 5bln 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, according to US and Middle Eastern officials and documents seen by WSJ.
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