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US President Donald Trump approved a landmark agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program, the Wall Street Journal reported on Wednesday.
Citing US officials, the source said the deal, which would last 30 years, is estimated to be worth tens of billions of dollars. The deal is expected to involve US firms in developing the program and could allow for the building of a uranium enrichment facility in Saudi Arabia following a joint US-Saudi study.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is up 0.70% on the day at $84.80.
