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U.S. and Saudis sign nuclear deal, contingent on joining Abraham Accords

▶ Watch Video: Trump says Saudi Arabia must join Abraham Accords to seal nuclear energy deal

Washington — The U.S. and Saudi governments have signed a commercial nuclear deal that could allow Saudi Arabia to have a civilian nuclear program on its soil in cooperation with American companies, the U.S. Department of Energy announced Wednesday. But a day later, President Trump said in a Truth Social post that the deal would not allow the Saudis to enrich uranium, and he stipulated the deal “is totally subject” to Saudi Arabia joining the Abraham Accords to normalize relations with Israel. 

The text of the agreement, which has not yet been released, will go to Congress for review. 

Energy Secretary Chris Wright and Saudi Minister of Energy Prince Abdulaziz bin Salman signed what the Trump administration calls a peaceful nuclear cooperation agreement, along with a safeguard agreement that the Energy Department says will lay the groundwork for a multibillion-dollar partnership to boost Saudi energy capacity. The deal could set the stage for a nuclear program for energy and other civilian purposes, not to build nuclear weapons.

CBS News previously reported the expected signing, which was first reported by The Wall Street Journal

“These agreements reflect our two nations’ shared commitment to strengthening U.S.-Saudi commercial relations, delivering prosperity at home and security to our allies abroad,” Wright said in a statement. “Rest assured, these agreements uphold the highest standards of nuclear safety and nonproliferation, while relying on the world’s best nuclear technology and scientists, designed right here in the United States.”

Mr. Trump on Thursday added that approval of the deal is contingent upon Saudi Arabia signing on to the Abraham Accords, a series of agreements that were reached during the president’s first administration to normalize relations between Israel and several Arab nations. It’s unclear whether the Saudis were aware of this when signing, but it was not mentioned publicly until Thursday morning.

“The Civil Nuclear Deal (There will be no enrichment of material!) being made between the United States Department of Energy and Saudi Arabia, which pertains only to non-military use such as the ones that Iran and UAE (and others) already have, will be approved, but is totally subject to Saudi Arabia joining the very respected and successful Abraham Accords,” Mr. Trump said in a post on Truth Social. “The United States is not opposed to Civil (Non-Enriched) Nuclear Facilities.”

Saudi Arabia has not yet responded publicly to the president’s social media comments on enrichment and the Abraham Accords. 

A reporter asked White House press secretary Karoline Leavitt on Thursday why the Abraham Accords condition wasn’t mentioned when Wright announced the deal. 

“Well, look, the president is always the final dealmaker, as you know, and this is something he has mentioned on numerous occasions,” she responded. 

Leavitt confirmed that joining the Abraham Accords is a necessary condition of the nuclear agreement. 

Israeli Prime Minister Benjamin Netanyahu’s office said in a statement, “Saudi Arabia’s joining of the Abraham Accords would be an historic leap forward for peace in the Middle East. Peace through strength.”

The deal would create the potential for uranium enrichment on Saudi soil, though that would be controlled by a contracted corporation and only after a lengthy study is completed, CBS News previously reported. A civilian program is for energy supply for things like AI data centers, and not a military program. 

The U.S. will want to see protocols and monitoring. 

A 1954 law requires congressional review of all nuclear cooperation deals with foreign countries.

Westinghouse Electric Company, which builds nuclear reactors, is one of the U.S. companies planning to help develop Saudi Arabia’s nuclear sector.

“The U.S. government’s announcement to launch a civil nuclear cooperation agreement with Saudi Arabia is a landmark step that strengthens energy security, expands opportunities for U.S. industry and workers, and drives significant long-term economic growth and investment benefits for both countries,” said Westinghouse CEO Dan Sumner.

A Trump administration framework for civil nuclear cooperation had been publicly announced in the fall of 2025. At the time, Wright described it as including bilateral safeguard agreements to bring U.S. nuclear technology to the kingdom. At the time, Wright stipulated that this keeps a “firm commitment to nonproliferation.”

The original framework for this agreement was developed under the Biden administration, which a former U.S. official with direct knowledge described as requiring U.S.-only enrichment at a U.S.-controlled facility. It would also have been subject to congressional approval.

Under former President Joe Biden, the deal had been tied to a U.S. push to incentivize Saudi Arabia to follow through on the normalization of relations with the state of Israel. Normalization was also dependent on Israel providing a pathway to a future for self-determination by Palestinians, not necessarily a state of their own, and it offered investments and diplomatic representation. After the deadly terrorist attack by Hamas on Oct. 7, 2023, and the launch of the war in Gaza, that deal was put on hold.

But fuel-rich Saudi Arabia was still interested in the nuclear energy cooperation, particularly given the high degree of energy supply needed for artificial intelligence. The late Sen. Lindsey Graham had continued to work on this effort through both administrations.

The Trump deal does not appear to be overtly linked to a foreign policy objective, though the administration is at pains to reassure regional allies of the U.S. commitment to their security amid the ongoing Iran war. Saudi Arabia and other regional allies have borne the brunt of Iranian attacks since the war began at the end of February.

The landmark deal signifies the strengthening alliance and trust between the U.S. and the Saudis. But the civilian nuclear deal is likely to irritate Iran, Saudi Arabia’s chief rival, which has long insisted on its right as a signatory of the Treaty on the Non-Proliferation of Nuclear Weapons to maintain a civilian nuclear program.

Saudi Arabia will not be the first Gulf state with a civilian nuclear program. Back in 2009, the Obama administration signed an agreement with the United Arab Emirates that included a pledge for peaceful nuclear energy under nonproliferation controls.

Young Americans have higher credit scores today than before Covid

New York (CNN) — Kelly Klein graduated from college with $100,000 in student loans that she feared would haunt her forever.“I expected I’d never pay off my student debt,” said Klein, who is 31 years old.But flash forward 10 years and Klein is now debt-free, her retirement account is flush and her credit score is pristine.“Every commission check I earned for the first six years went to paying off my debt. Every single penny,” said Klein, who is based in Nashville, Tennessee, and works as a loan officer at a community development financial institution.While millions of Americans are hurting from high prices and low hiring, new research suggests the finances of younger generations are displaying surprising resilience.Americans between the ages of 18 and 29 have higher credit scores today than they did just before Covid-19, according to FICO research shared first with CNN.Not only that, but that youngest generation’s 17-point increase in average credit scores since 2019 is the biggest among any age group FICO measured. The second biggest increase in credit scores over that timeframe was for the 30-to-44 cohort, otherwise known as Millennials.Most of the gains occurred during the initial stages of the health emergency when student loan payments were paused.Experts say younger Americans have benefited from access to better education about the importance of protecting credit scores to hold down payments later in life.“Gen Z is pretty savvy about credit. And they are more aware of credit scores, in part because there have been so many economic headwinds during their lives,” said Matt Schulz, chief credit analyst at LendingTree.‘A lot more knowledge’Overall FICO scores fell slightly between April 2025 and April 2026. However, credit scores for Gen Z are up by one point over that timeframe and roughly half have a very strong FICO score of 700 or above.Klein, who is a Millennial, said she learned valuable lessons about finance and investing from experts on social media. Klein also said she joined a free webinar on opening a brokerage account and familiarized herself with tax strategies and how to maximize credit card rewards.“We have a lot more knowledge than previous generations did. A lot of it was gate-kept, especially from women, and tailored toward men. Luckily, I feel like financial education is more available,” she said.Another factor: Younger borrowers are at or near the beginning of their credit journeys, giving them the most room to grow their credit scores. FICO said it doesn’t take into consideration age when scoring borrowers, but it does evaluate how long someone has been able to successfully make payments on time.As consumers take on different kinds of debt — moving from just credit cards and student debt to car loans and mortgages — they open themselves up to being better borrowers. That’s a key factor in determining credit scores.Schulz compared younger Americans increasing their credit scores with a new driver borrowing Mom or Dad’s car.“The first few times they might put some real restrictions on you. But if you show you can handle it over time, they might not think at all about letting you borrow the car. Credit is very similar,” Schulz said. “Having time and experience handling credit responsibly leads to credit scores being higher.”K-shaped economy is evidentMore emphasis on being responsible borrowers may help explain why, at a high level, average credit scores for younger Americans have held up better than might be expected in today’s economic environment, where high-income earners have seen their wealth grow faster than low-income earners.As of April, nearly half (49.6%) of borrowers aged 18-29 had a strong credit score of 700 or above, according to FICO. That’s up from 41.4% in April 2020.However, there are disparities beneath the surface that underscore the K-shaped economy.For instance, FICO said the score distribution for 18-29 year olds has shifted toward both higher and lower scores “rather than clustering in the middle.”In other words, high credit scores today for young people are higher than in 2019 — but so are low ones.“There’s a lot of fragmentation among Gen Z. Many of them are thriving. Some are struggling and relying on support from parents. We’re definitely seeing a K-shaped economy,” said Tommy Lee, senior director at FICO.3.2 million borrowers are behind on student debtOne pressure facing younger Americans is the spike in housing costs driven by elevated mortgage rates and record-high home prices.The average monthly mortgage payment for a first-time homebuyer is 57% higher than in 2019, according to FICO.Another arguably bigger factor is the return of student debt payments and credit bureau reporting after a Covid-era pause.As of April, about 3.2 million Americans of all ages with a student loan payment due (or 14%) had a recent delinquency (30 days or more past due) reported in the prior six months, according to FICO.Those borrowers who fell behind on their student loans and were deemed delinquent saw their FICO score decline by an average of 38 points.By contrast, another 4.9 million borrowers either resolved a delinquency or moved into another repayment status, such as starting a repayment plan. Those consumers experienced an average credit score increase of 16 points, according to FICO.Schulz, the LendingTree expert, stressed that missed payments carry severe consequences that can haunt borrowers for many years — especially when they need to get a mortgage.“It really only takes one payment 30 days or more late to really do damage to your credit score,” he said.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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