Saudi 123 Agreement approval with enrichment rights

Trump approved nuclear cooperation agreement with Saudi Arabia originally allowing enrichment without Additional Protocol. Unlocks new market for U.S. nuclear technology but raises proliferation concerns. Trump now ties the deal to Israel recognition via Abraham Accords and has removed enrichment provisions, introducing geopolitical risk and altering supply dynamics. Congress may seek to block deal. Spot-term spread widened partly due to this catalyst. New analysis highlights how the 'gold standard' is now leverage, with implications for Iran, UAE, and others.