Trump Proposes $5 Billion Fund to Rebuild Middle East Energy Infrastructure

The Trump administration has proposed a $5 billion investment to reconstruct energy infrastructure in the Middle East damaged by the conflict with Iran. The plan seeks to establish a $10 billion fund, titled the Partnership of Allies for Confidence & Trust in Building (Pact), by inviting eight regional partners—Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman, Iraq, and Jordan—to each contribute $5 billion. The initiative aims to reduce reliance on the Strait of Hormuz for oil and gas transport. Middle Eastern officials have expressed caution, noting that ongoing security risks from drone and missile strikes could threaten the viability of such investments before a peace agreement is reached.