NEW: Trump administration proposed a $5 billion investment fund ("PACT") to rebuild Middle Eastern energy infrastructure damaged in the Iran war, seeking matching contributions from eight Gulf/re

INTELLIGENCE SUMMARY

NEW: Trump administration proposed a $5 billion investment fund ("PACT") to rebuild Middle Eastern energy infrastructure damaged in the Iran war, seeking matching contributions from eight Gulf/regional partners for a $10 billion total. It's a tacit admission the seven-month conflict has wrecked regional pipelines and refineries. Gulf officials are skeptical. Rebuilding without a peace deal risks Iran targeting new infrastructure, and smaller states like Kuwait and Qatar still depe