US proposes $10bn fund with Arab allies to bypass Strait of Hormuz

The Trump administration is in talks to establish a $10bn fund with Arab partners to finance new energy infrastructure across the Middle East, aiming to reduce reliance on the Strait of Hormuz. The plan would involve building pipelines and export terminals to provide alternative routes for oil and gas. If realized, this would mark a significant shift in regional energy security and US strategy, though details and commitments remain uncertain.