« on: Tuesday, Sep 22, 2026 09:56 am »
https://www.newsmax.com/finance/streettalk/trump-administration-iran-oil/2026/09/21/id/1270172/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 the Journal that creating the fund before a peace deal was established with Iran would be premature, since Iran could target fresh infrastructure with drones and missiles.
The fund would be managed by the Development Finance Corporation, a federal agency that works with the private sector to support U.S. national-security policy.
Development Finance Corporation typically works with developing nations.
The Iran War led to the closure of the Strait of Hormuz and is also threatening trade routes on the Red Sea, key routes for getting oil out, leading to higher gas prices, while countries in the Middle East are working to establish alternative energy routes.
"There seems to be a realization within all Arab Gulf states and even in Iraq that the status of the Strait of Hormuz in the short to medium term will not revert back to what it was before the conflict," Umer Karim, a researcher on Gulf security at the U.K.'s University of Birmingham, told the Journal.
"They need to work upon creating viable, secure, and dependable routes and corridors that can bypass the strait," Karim said.
Well, I guess all those poor Arab nations don't have enough money to pay for their own repairs so Trump is enthusiastically stepping up and offering U.S. taxpayer dollars to do it for them!
How generous!
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