Saudi Arabia-US Nuclear Agreement

In a major announcement President Trump announced a civil nuclear agreement with Saudi Arabia will proceed if Saudi Arabia normalizes relations with Israel.
The Civil Nuclear Deal Between the US Department of Energy and Saudi Arabia will have no enrichment material. It will be used for non military purposes such as The UAE’s program. However, President Trump made it clear that it is based on Saudi Arabia fulflling the Abraham Accords . The Abraham Accords were designed to formalize relations between Israel and Arab nations.
Many pro-Israel Congress members were quick to denounce the the agreement as giving away the treats before taking the medicine.
Progress on normalization between Arab states and Israel stalled following the October 7th attacks on Israel. Saudi Arabia hardened its stance that Israel must stop the conflict against Hamas>
PM Netanyahu office stated that “Saudi Arabia joining the Abraham Accords would be a historic step for peace in the Middle-East. Source Financial Times

Middle East-Iran

Gulf: July 23
Brent Crude hit $101.01 as President Trump suggested a ” Massive attack” on Iran being considered. Houthi Rebels in the Red Sea area threatened to squeeze oil supplies further and set off another wave of inflation. The Houthis claimed to attack two Saudi Arabian Oil tankers this week
The USA continued to bomb Iran for the 12th Stright Day . President Trump warned it would hit the Iranian facility at Kolang Gazla Pickaxe Mountain
Speculation is rising that the Central Banks will have to rise interest rates to combat Inflation: Source Financial Times