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US proposes $10bn fund with Arab allies to bypass Strait of Hormuz
Financial Times·US · SA · AE·about 15 hours ago
The White House is proposing a $5 billion fund to restore energy infrastructure in the Middle East, according to US and regional officials cited by the Wall Street Journal. The initiative signals a US diplomatic push to stabilize regional energy systems, though details on funding sources, scope, and recipient countries remain unclear. This could enhance US influence in the region and support energy market stability.
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