• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

3

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
North AmericaWhite House

Trump signed a nuclear deal with Saudi, then rewrote its terms on social media to include Israel

By
Aamer Madhani
Aamer Madhani
,
Collin Binkley
Collin Binkley
,
Michelle L. Price
Michelle L. Price
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Aamer Madhani
Aamer Madhani
,
Collin Binkley
Collin Binkley
,
Michelle L. Price
Michelle L. Price
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
July 23, 2026, 12:24 PM ET
t
President Donald Trump arrives on Air Force One at Dobbins Air Reserve Base, Wednesday, July 22, 2026, in Marietta, Ga. AP Photo/Julia Demaree Nikhinson
Add Fortune on Google for similar content.

President Donald Trump said Thursday that a new agreement reached with Saudi Arabia for a civilian nuclear program will require the kingdom to normalize relations with Israel through the Abraham Accords.

Recommended Video

In a post on social media, the Republican president said the deal does not allow for enrichment of uranium. Nonproliferation experts have raised concerns that the deal fails to include guardrails to prevent enrichment of uranium to weapons-grade levels.

Trump’s post said the agreement “will be approved, but is totally subject to Saudi Arabia joining the very respected and successful Abraham Accords.” He added that the U.S. “is not opposed to Civil (Non-Enriched) Nuclear Facilities.”

The Saudis have made clear that normalizing relations with Israel would first require the establishment of a clear path for Palestinian statehood. Israeli Prime Minister Benjamin Netanyahu has rejected the idea of Palestinian statehood as being untenable for his country’s security.

The Saudi Embassy in Washington declined to comment Thursday on Trump’s assertion that the deal will require the kingdom to join the accords.

Netanyahu’s office in a statement applauded the prospect of Saudi Arabia joining the accords as a “historic leap forward for peace in the Middle East.” The statement made no mention of the deal to bolster Saudi’s civil nuclear program.

Trump has sought to build on the 2020 agreements, which expanded the number of Arab and Muslim-majority nations with diplomatic ties with Israel. Saudi Arabia is the most important Arab power in the Middle East, and Trump believes the kingdom joining the accords is critical to establishing long-term stability in the region.

The new nuclear deal announced Wednesday is expected to last 30 years and involve U.S. firms in the program’s development. It could allow for the building of a uranium-enrichment facility in Saudi Arabia following a joint U.S.-Saudi study, according to a person familiar with the matter who was not authorized to comment publicly and spoke on the condition of anonymity.

The agreement is to be submitted to Congress for review, according to the U.S. and Saudi governments.

The agreement does not include the International Atomic Energy Agency’s “additional protocol,” which would allow for more monitoring, inspections and verification, according to a second person familiar with the decision.

The oil-rich kingdom’s Energy Ministry on Wednesday said the agreement bolsters “efforts to diversify energy sources, advance cutting-edge technologies, and expand opportunities for cooperation and investment in ways that serve the mutual interests of the two friendly countries.”

Enrichment is not an automatic path to a nuclear weapon — a nation also must master other steps, including the use of synchronized high explosives, for instance. But it does open the door to weaponization, which has fueled concerns over Iran’s program.

Administration says deal is good for U.S. firms

Secretary of State Marco Rubio told reporters Thursday in Manila that the agreement would make certain that Saudi Arabia works with American companies instead of “competitors” to build its civil nuclear program. China, South Korea, France and Russia are among alternative partners that Riyadh could look to.

“We’re not the only show in town, but we’re the best show in town,” Rubio said. “We want to make sure that it’s our companies they’re picking.”

Trump has talked up his push to extend the Abraham Accords — which also formalized commercial ties between Israel and some Arab and Muslim-majority nations — as key to his plan for bringing long-term stability to the Middle East. But the aftermath of Israel’s war in Gaza and the nearly 5-month-old U.S. and Israel war against Iran have complicated Trump’s push to expand the accords.

The agreements have proven unpopular among the public in certain signatory countries such as Morocco and Bahrain, sparking widespread protests.

Still, the Trump administration remains optimistic that an agreement with Saudi Arabia on joining the accords can be sealed by the end of Trump’s second term.

Deal faces early scrutiny from Congress, Israel and nuclear experts

The White House and Saudi Arabia have not made public the text of the nuclear cooperation agreement, known as a “123 agreement,” alongside what the Trump administration described as a “bilateral safeguards agreement” that was signed Wednesday by U.S. Energy Secretary Chris Wright and Saudi Minister of Energy Abdulaziz bin Salman.

But it already faces scrutiny from Congress, some Israeli officials and nuclear experts.

As details of the deal emerged Wednesday, opposition on Capitol Hill and elsewhere began to snowball, with Republicans and Democrats both questioning the wisdom of the agreement. In addition, conservative commentators who have generally supported Trump’s polices asked why the president would give Saudi Arabia such a deal without getting anything in return.

Then on Thursday, Trump abruptly announced that the deal is entirely contingent on the Saudis joining the accords.

The United Arab Emirates, a neighbor to Saudi Arabia, signed a 123 agreement with the U.S. to build its Barakah nuclear power plant with South Korean assistance. But the UAE did so without seeking enrichment, something nonproliferation experts have held up as the “gold standard” for nations wanting atomic power.

Rubio, as a Republican senator representing Florida, backed a bipartisan 2018 proposal that called for requiring Congress to approve any 123 agreement with Saudi Arabia. The bill was reintroduced by a group of Democratic lawmakers in March but has not passed into law.

Rep. Brad Sherman, a California Democrat, cosponsored with Rubio the 2018 bill that would have required approval from Congress for a nuclear agreement with Saudi Arabia. He said he “misses Sen. Rubio,” arguing that Secretary Rubio appears to take a different position.

“I hope that Sen. Rubio will return to us and insist that Congress approve any agreement,” Sherman said Wednesday at a meeting of the House Foreign Affairs Committee.

___

Price reported from Manila, Philippines. Associated Press writers Sam Metz in Jerusalem and Matthew Daly and Matthew Lee in Washington contributed to this report.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Aamer Madhani
See full bioRight Arrow Button Icon
By Collin Binkley
See full bioRight Arrow Button Icon
By Michelle L. Price
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in North America

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in North America

LeBron James wearing Miami Heat jersey.
Arts & EntertainmentSports
The Miami Heat, LeBron James, and prediction markets: How a ‘mistake’ social media post turbocharged a $245 million wager
By Catherina Gioino and Joshua HongJuly 23, 2026
4 hours ago
bieber
Arts & EntertainmentStreaming
Justin Bieber’s World Cup halftime song streams jumped 110%
By Maria Sherman and The Associated PressJuly 23, 2026
7 hours ago
z
EconomyElections
Democrats decide 2026 midterm elections are the perfect time for a civil war pitting socialists against moderates
By Jill Colvin and The Associated PressJuly 23, 2026
7 hours ago
police tape
North AmericaCrime
American homicides on track for lowest level in more than a century: ‘one of the most significant public safety developments in decades’
By Safiyah Riddle and The Associated PressJuly 23, 2026
7 hours ago
Photo of Speaker of the House Mike Johnson.
PoliticsCongress
The Republican-controlled House just passed a stock trading bill — that exempts Trump’s 3,600 Q1 trades
By Joey Cappelletti and The Associated PressJuly 23, 2026
7 hours ago
ford
EnergyAutos
Ford’s F-150 now doubles as a $1,100 home backup generator
By Alexa St. John and The Associated PressJuly 23, 2026
7 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
1 day ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
1 day ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
3 days ago
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
Success
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
1 day ago
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Personal Finance
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
By Joshua HongJuly 23, 2026
17 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.