President Donald Trump has approved a long-term civilian nuclear agreement with Saudi Arabia that could allow uranium enrichment, according to a report. The announcement could come as soon as Wednesday. Separately, betting platform Polymarket shows a 55% chance of a US-Iran ceasefire by August 31.
The Saudi nuclear agreement
The report states that Trump signed off on a civilian nuclear deal with Saudi Arabia. The agreement is described as long-term and could permit uranium enrichment, a sensitive capability that has drawn scrutiny from non-proliferation advocates. The timing of the announcement remains unclear, but the report says it could come as soon as Wednesday.
The deal would mark a significant step in US-Saudi relations, which have been under strain over human rights concerns and oil policy. It also comes as the Biden administration had paused similar talks, but Trump's approval signals a shift in approach. The White House has not commented on the report.
Ceasefire odds on Polymarket
Polymarket, a decentralized prediction market, shows a 55% probability of a US-Iran ceasefire by August 31. The odds reflect trader sentiment on the likelihood of a diplomatic resolution between the two countries. The figure has fluctuated in recent weeks as negotiations have progressed.
The potential ceasefire would be a major development in the Middle East, where tensions have been high over Iran's nuclear program and its support for proxy groups. The US has been pushing for a deal to de-escalate conflicts in the region.
The report on the Saudi nuclear deal and the ceasefire odds are separate but both involve US foreign policy in the Middle East. The announcement of the Saudi agreement is expected as soon as Wednesday, while the Polymarket odds will continue to update as events unfold.
