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53%  
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  • Report: Trump Admin Proposes $5 Billion for Mideast Energy Rebuild

    09/22/2026 10:32:22 AM PDT · by thegagline · 34 replies
    NewsMax ^ | 09/22/2026 | Sam Barron
    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. The investment would be called the Partnership for Allied Trust and Construction, or Pact. Officials told...