US proposes $5 billion for Middle East energy reconstruction after war with Iran

The administration of US President Donald Trump has proposed creating a $5 billion fund to rebuild energy infrastructure in Middle Eastern countries damaged during the war with Iran. The initiative aims to reduce allies' dependence on transit through the Strait of Hormuz. The information is based on data from The Wall Street Journal.

The administration of US President Donald Trump has proposed creating a new $5 billion fund to rebuild energy infrastructure in Middle Eastern countries damaged during the war with Iran. This was reported by The Wall Street Journal, citing US and Middle Eastern officials as well as internal documents. The initiative is intended to reduce US allies' dependence on oil and gas transit through the Strait of Hormuz. The article is a retelling of the WSJ publication without original reporting or additional analysis.