2026-07-23
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Saudi Arabia and America signed a deal to build a civilian nuclear program in the Gulf state.
The agreement, which Congress must review, would reportedly last 30 years and could allow American
companies to build a uranium enrichment facility in Saudi Arabia.
It will raise concerns about further proliferation of nuclear weapons, despite safeguards intended to prevent it.
Mohammed Bagheer Galibaf, the Speaker of Iran's Parliament, warned
that if Iran cannot export oil, no one in the region will.
He added that the Strait of Hormuz would not return to pre-war conditions.
Earlier, Donald Trump threatened to bomb Iranian bridges or power plants if ships are attacked in the strait.
Brent crude, the global oil benchmark, briefly reached $95 a barrel.
Tesla reported earnings of 33 cents per share in the second quarter, falling short of analysts' expectations.
The carmaker's revenues were $28.2 billion, up 26% year-on-year,
but it reported negative free cash flow for the first time in over two years.