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Trump Approves Saudi Nuclear Deal Amid Iran Threat

Wall Street Journal Markets •
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The U.S.-Iran conflict now carries a $37.5 billion price tag, according to Defense Secretary Pete Hegseth, marking a $9 billion increase from earlier estimates. The rising cost reflects intensifying fighting in the region.

Despite the escalation, Iran's ballistic missiles continue to pose a deadly threat to U.S. forces and regional allies. Israel has opted to stay out of the conflict for now, at Washington's request, to maintain diplomatic options.

Meanwhile, President Trump has approved a nuclear cooperation agreement with Saudi Arabia that could generate significant profits for American firms. However, the deal raises concerns about potential nuclear proliferation in the Middle East.