the U.S. and Saudi Arabia signed a nuclear agreement
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Trump threatens a major escalation in Iran
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The president's comments on Truth Social conflict with a provision in the 30-year agreement that could allow enrichment on Saudi soil
It’s the nuclear option. American Special Operations forces are waiting in the wings to launch the “most sophisticated operation in military history” to seize Iran’s enriched uranium from heavily fortified nuclear sites.
President Donald Trump has approved an agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program.
The Trump administration backs a nuclear energy pact with Saudi Arabia, a move that may worry states concerned about weapons proliferation.
The Trump administration has tentatively agreed to allow Saudi Arabia to enrich uranium without enacting international safeguards intended to prevent nuclear weapons development, according to sources familiar with the matter and documents reviewed by CNN.
The U.S. has a 123 agreement with Saudi Arabia’s regional neighbor, the United Arab Emirates, though in the 2009 deal it agreed to forgo enriching uranium domestically or reprocessing the spent atomic fuel. This has since become known as the “gold standard” for civilian nuclear cooperation.
President Trump has put Saudi Arabia on the path to enriching uranium on its own soil, a demand South Korea has been making for years.
Nuclear demand is set to surge, but the uranium ETF most investors reach for first may be giving them a completely different trade than they think they are making.