Russia

US wants to invest $5 bln in restoration of energy in Middle East — WSJ

TASS English · 2026-09-21

AI SUMMARY

• What happened: The United States has proposed a $5 billion investment to establish a fund aimed at rebuilding energy infrastructure in the Middle East, contingent on regional partners matching this investment. • Why it matters: This initiative is a response to the disruptions caused by ongoing conflicts in the region, particularly the impact on global energy markets and infrastructure, highlighting the U.S.'s strategic interests in stabilizing energy supplies. • What to watch next: Observers should monitor the discussions among the U.S. and its regional partners regarding their contributions to the fund and the potential involvement of additional countries.

US-Israeli strikes on IranUS wants to invest $5 bln in restoration of energy in Middle East — WSJ Under US President Donald Trump’s plan, eight of Washington’s regional partners must contribute an amount matching the US investment to the fund, bringing its total size to $10 blnNEW YORK, September 22. /TASS/. The United States has proposed investing $5 bln in a new fund that would help Middle East countries rebuild energy infrastructure, The Wall Street Journal (WSJ) reported. It is also planned to use the new fund’s resources to create infrastructure that will help reducing dependence of supplies of oil and gas on the Strait of Hormuz, according to the report. Under US President Donald Trump’s plan, eight of Washington’s regional partners, including Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait, Oman, Iraq, and Jordan, must contribute an amount matching the US investment to the fund, bringing its total size to $10 bln. The parties are still discussing the details of the new fund, the newspaper said, adding that whether other countries will join it remains unclear. "The move is a tacit acknowledgment that the seven-month conflict has roiled the global energy market and destroyed regional pipelines and refineries that will be costly to rebuild," according to the publication. The United States and Israel launched the war against Iran on February 28. In June, Washington and Tehran signed a memorandum of understanding providing for an immediate cessation of hostilities on all fronts, including in Lebanon. However, on the night of July 8, the United States resumed large-scale strikes against Iran, accusing it of violating the agreements on the Strait of Hormuz, through which about 25% of the world’s oil trade and about 20% of liquefied natural gas trade pass. Later the US effectively signaled that it would stop using large-scale military force against Iran and shift to an attempt to economically smother it with sanctions. 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Source: TASS English
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