US proposes $10bn fund with Arab allies to bypass Hormuz
- Posted on September 22, 2026
- By Financial Times
- 1 Views
- 1 min read
The Trump administration is exploring a strategic $10 billion investment initiative in partnership with Arab nations to develop alternative energy infrastructure across the Middle East region. This ambitious fund aims to reduce dependence on the Strait of Hormuz, a critical chokepoint for global oil transportation. By diversifying energy routes and infrastructure, the proposal seeks to enhance regional energy security, strengthen geopolitical partnerships, and mitigate supply chain vulnerabilities in one of the world's most strategically important areas.
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