The Economic Times

US wants to redraw Gulfs energy map with a $5 billion bet beyond Hormuz: Report

The United States proposed a $5 billion fund for Middle Eastern energy infrastructure. This initiative aims to reduce reliance on the Strait of Hormuz for oil and gas transport. Several Middle Eastern nations are discussing this partnership for allied trust and construction. The plan follows disruptions caused by the Iran conflict impacting regional energy supplies. Rebuilding efforts will focus on creating secure alternative energy routes bypassing the strait.