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Trump casts doubt on US-Saudi nuclear pact

Financial Times Companies •
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A landmark US-Saudi agreement for Saudi Arabia to develop a civilian nuclear program, potentially allowing uranium enrichment, has been thrown into doubt by Donald Trump. Trump stated on his Truth Social platform that the deal is contingent upon Saudi Arabia normalizing diplomatic relations with Israel, a condition that may unnerve Riyadh.

Crown Prince Mohammed bin Salman has previously linked any rapprochement with Israel to the establishment of a Palestinian state. The nuclear deal, which aims to give US companies a leading role in Saudi Arabia's program, comes amid renewed US military action against Iran, which has heightened tensions with Gulf allies. Critics express concern that the agreement lacks "gold standard" protocols, potentially paving the way for a nuclear weapons program, while US officials assert that safeguards are in place to prevent proliferation.

Separately, the US has reportedly collected over $13 billion of Venezuela's oil money this year, with the funds' destination and use becoming a point of contention and congressional pressure. Trump has made varied statements regarding control and disbursement of these revenues, indicating they are being used as leverage over the Venezuelan government.