Saudis will seek nuclear weapon if Iran does, minister tells CNN

Saudi Arabia to host second Future Investment Initiative

The existence of an understanding was confirmed by the U.S. Treasury Secretary who told reporters on Tuesday that "we have had conversations with various parties. that would be willing to increase oil supply".

Oil-rich Saudi Arabia has long said it would match any Iranian weapons development, but Jubeir's renewed vow came after U.S. President Donald Trump pulled the United States out of an accord created to prevent Tehran's alleged quest for the bomb.

The US President declared on May 8 that the country had withdrawn from the Iran nuclear deal due to it being "defective at its core", despite attempts by European Union countries to persuade him to keep the deal. "Saudi Arabia will not in any way act independently of its partners".

Jubeir's renewed vow came after US President Donald Trump pulled the United States out of an accord created to prevent Tehran's alleged quest for the bomb.

The same source went on to add that Saudi Arabia will not fill the gap on its own, but is working on possible solutions with the United Arab Emirates (the UAE is the current holder of the OPEC presidency for 2018) and Russian Federation (as a party to the agreement between OPEC and non-OPEC oil producers).

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The North Korean government is infamous for its long history of cruel leaders with fragile egos. Internet users in China said security was beefed up in Dalian and flight delays happened.

That raised worries of a quick rise in oil prices.

As Politifact noted, President Trump has repeatedly criticized the deal - during the presidential campaign and while president of the United States - so the decision to leave the agreement does not come as a surprise.

Qatar, alienated by a Saudi-led boycott, said priority must be given to non-proliferation and preventing a nuclear arms race.

The Bahrain News Agency, BNA, quoted a statement of the Ministry of Foreign Affairs as saying, "This decision reflects the commitment of the United States to confront Iranian policies and Iran's continuous attempts to spread terrorism in the region in full violation of global norms and laws".

The outlines of that agreement remain unclear, and may not be entirely clear to Washington and Riyadh, but the understanding is vital to the successful implementation of sanctions.

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Glover also used his appearance on the show as an opportunity to release his powerful new single, " This Is America ". The song debuted as Glover hosted Saturday Night Live , and was performed after an introduction from Daniel Kaluuya .

Some, however, support Trump's withdrawal from the deal.

"Whether or not (the Iranians) go for a military programme, you're going to get a nuclear race in the Middle East", said Dorsey.

OPEC's No.1 producer, Saudi Arabia, has vowed to continue supporting the stability of oil markets and may lead joint efforts to offset the impacts of potential supply shortages due to the reinstated sanctions on Iran, Kallanish Energy reports.

Iran's top three rivals say its development of more powerful, longer-range ballistic missiles and its backing of majority-Shiite Muslim groups overseas are destabilizing to the Middle East. Saudi Arabia is now battling an insurgent Yemeni Zaidi Shiite Muslim group-also known as the Houthis or Ansar Allah-who occasionally targets Riyadh with missiles that Saudi Arabia claims are Iranian in origin.

Trump complained that the deal did not address Iran's ballistic missile program, its nuclear activities beyond 2025 or its role in conflicts in Yemen and Syria.

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Mr Trump's irritation was plain when reporters reminded him of his previous denial. He called it "a nuisance payment" rather than "a settlement".

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