WSJ: US ready to allocate $5 billion to restore Middle East energy

The United States has proposed to contribute $5 billion to the fund to restore the energy infrastructure of the Middle East. According to The Wall Street Journal (WSJ).

According to the publication, the new fund is also designed to finance the creation of infrastructure that can reduce the dependence of world oil and gas supplies on the Strait of Hormuz.

According to the plan of US President Donald Trump, eight countries in the Middle East should contribute another $5 billion in total: Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, Oman, Iraq and Jordan. The parties continue to discuss the details of the proposal.

The move was a tacit recognition of the colossal damage from the seven-month conflict between the US and Iran. The fighting resulted in the destruction of regional refineries and pipelines.

On the eve of the Central military command of Iran accused the United States of preparing to resume full-scale hostilities. According to the Iranian Revolutionary Guard Corps, Iran’s military is ready for a protracted war with the United States.

Read more – in the material “Kommersant” “Middle East is raised on alarm”.