The United States will formally announce a 30-year agreement to establish a civilian nuclear program in Saudi Arabia. U.S. companies will develop the kingdom's nuclear infrastructure under the pact. A joint study will determine if the deal includes uranium enrichment capabilities.
The agreement will inject billions of dollars into the U.S. nuclear industry. U.S. lawmakers and Israeli officials warn the deal could trigger a regional nuclear arms race. Saudi Arabia maintains its right to a peaceful nuclear program.
Regional tensions remain high following renewed conflict between the U.S. and Iran. Iran-backed Houthi rebels have threatened to blockade Saudi ports. These geopolitical risks continue to disrupt global energy markets.