US President Trump proposes USD 5bln to kickstart an investment fund to rebuild Gulf energy sites, reports WSJ
The restart of key units at Exxon Mobil's (XOM) 275kbpd refinery in Joilet is in progress; flaring underway
Latvia's National Armed Forces says NATO Baltic air policing mission fighters have been activated; says possible threat in Kraslava airpsace
US President Trump proposes USD 5bln to kickstart an investment fund to rebuild Gulf energy sites, reports WSJ
Energy Secretary Wright, Interior Secretary Burgum and other White House officials were working on the issue [Diesel prices] through the weekend, Ag sec. Rollins said, adding that she expects an announcement “very soon on some potential actions.”
Factions pledged to cease any military activity that violates the Iraqi state; The committee tasked with inventorying weapons in Iraq has reached understandings stipulating that the inventory will end in June 2027, reports Al Arabiya citing sources
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- Proposal is under discussion with several Middle Eastern countries including Saudi Arabia and U.A.E.
- The Trump administration has proposed investing USD 5bln in a new fund that would help Middle East countries rebuild energy infrastructure battered in the Iran war and reduce their reliance on the Strait of Hormuz to transport oil and gas, according to US and Middle Eastern officials and documents seen by WSJ.
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