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Trump plans $5 billion fund to finance reconstruction of war-damaged energy infrastructure in Middle East
According to the Wall Street Journal, the plan envisages investments in energy networks and infrastructure, with the ultimate goal of reducing regional countries’ dependence on the Strait of Hormuz for the transportation of oil and natural gas
Trump speaks by phone with Putin following Witkoff and Kushner contacts in Moscow and Kyiv
Washington is stepping up diplomatic efforts to end the war in Ukraine — Trump and Zelensky are expected to speak
New U.S.-Iran escalation: Strikes in the Strait of Hormuz, Iranian retaliation and Trump’s threats
“We will hit them hard,” the U.S. president warned — “Continuing the war is in no one’s interest,” Tehran says — Oil rises above $90 again
Power Game: Putin sees U.S. as weakened, “defies” Trump’s message and prepares to meet Xi Jinping and Pezeshkian
According to The Washington Post, the Russian president believes the U.S. has been weakened by its prolonged war with Iran and is therefore unable to deter a Russian escalation in Ukraine, despite the message delivered to the Kremlin by the CIA director
Oil: New Brent rally above $93 amid Trump’s economic war on Iran
Washington’s threats against Tehran gave oil prices a fresh boost, pushing them to a three-week high, as Bessent announced the “toughest sanctions in history”
