The reconstruction would be funded by Middle Eastern nations, not the United States.
A federal appeals court previously ruled the state law was not barred by the federal Protection of Lawful Commerce in Arms Act.
Private credit firms continue to face flood of redemption requests.
The national average declined to $3.997 as the United States and Iran finalized a deal to end the conflict and reopen the Strait of Hormuz.

Division of Elections Director Carol Beecher said the challenger did not file his candidacy in good faith and was ineligible to appear on the ballot.
Hackers exploited a widely used clinical research application and targeted institutions involved in military, AI, and medical research.
The test scores have not been considered in the university’s admissions process since 2021.
The ruling ends Carter Page’s lawsuit against ex-FBI Director James Comey and other former federal officials after a lower court ruled it was filed too late.

The announcement has been widely welcomed, but Israeli Security Minister Itamar Ben-Gvir said the deal does not bind his country.
The project is expected to offer ‘clean power’ to roughly 3 million Americans every year.
Trump held phone calls with both Putin and Zelenskyy on June 14.
Mixed martial arts takes center stage at the nation’s capital, with seven fights scheduled for the specially built octagon on the South Lawn.
Fans packed the nation’s capital for fight-themed festivities over the weekend.
The incident comes as U.S. and Iranian officials have signaled that a draft peace framework aimed at ending the conflict is nearing completion.
The game marks the most goals Team USA has ever scored in a World Cup match.
Officials say they’re confident the appeal will be successful.
‘The active shooter situation is resolved and the shooter is now deceased,’ Mayor Lori Blong said.
Iran rejected reports suggesting a deal had been concluded and said that Iranian authorities had not yet completed their review of the proposed text.
A U.S. District Court in Boston found Paxton’s initial legal action to be retaliatory against ActBlue in support of Paxton’s Senate rival.