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Trump approves US-Saudi nuclear deal that could expand uranium capability

The agreement is expected to run 30 years and is estimated to be worth tens of billions of dollars, with a US-Saudi study that could enable enrichment on Saudi soil.

Reported · Written up by our desk · Central Banks

US President Donald Trump approved a landmark agreement with Saudi Arabia that could give the kingdom uranium enrichment capability for a civilian nuclear program, the Wall Street Journal reported, citing US officials.

The deal is expected to last 30 years and is estimated to be worth tens of billions of dollars, according to the report.

It is expected to involve US firms developing the program and to allow for a uranium enrichment facility in Saudi Arabia after a joint US-Saudi study.

During the report, West Texas Intermediate crude was up 0.70% on the day to $84.80.

Latest closeWTI crude $79.00 ▼0.8%

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