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US proposes $10bn fund with Arab allies to bypass Strait of Hormuz
Financial Times·US · SA · AE·about 18 hours ago
The US is reportedly discussing a $10 billion joint investment fund with Arab states to repair energy infrastructure damaged in the war with Iran and to build alternative transport routes reducing reliance on the Strait of Hormuz. The plan, per Financial Times, signals a strategic shift to diversify energy export routes amid ongoing regional conflict. Details on funding and implementation remain unclear.
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