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Trump plans 5B investment for Middle East energy
The Trump administration intends to propose a $5 billion U.S. government investment to create a new fund for Middle Eastern countries aimed at repairing and developing energy infrastructure damaged by the war with Iran and reducing reliance on the Strait of Hormuz. President Trump is discussing this proposal with Gulf leaders in New York, amid potential participation from Gulf countries in funding, involvement from global companies and sovereign wealth funds in the projects, with a plan to announce the major projects next January.
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