WSJ: A $5 billion U.S. fund called PACT will go toward repairing pipelines and refineries in the Middle East damaged by the Iran war, with eight Gulf and regional partners asked to match it for a total of $10 billion.

WSJ: A $5 billion U.S. fund called PACT will go toward repairing pipelines and refineries in the Middle East damaged by the Iran war, with eight Gulf and regional partners asked to match it for a total of $10 billion.

Gulf officials are skeptical. Without a peace deal, anything rebuilt can be damaged again, and Kuwait and Qatar still want to go through the Strait of Hormuz anyway.