Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Trump, Saudi king reaffirm defense ties amid tensions

Published 05/08/2020, 04:09 PM
Updated 05/08/2020, 08:05 PM
© Reuters. U.S. President Trump meets with Republican members of Congress at the White House in Washington

WASHINGTON (Reuters) - President Donald Trump and Saudi Arabia's King Salman spoke by phone on Friday and "reaffirmed the strong United States-Saudi defense partnership," the White House said, amid tensions over Saudi's oil output.

The two men spoke after news the United States planned to withdraw two Patriot anti-missile batteries from Saudi Arabia that have been a defense against Iran.

Trump had worked last month to persuade Saudi Arabia to cut its oil output after an increase in production during the early stages of the coronavirus pandemic put heavy pressure on U.S. oil producers.

"The two leaders agreed on the importance of stability in global energy markets, and reaffirmed the strong United States-Saudi defense partnership," White House spokesman Judd Deere (NYSE:DE) said. "The president and King Salman also discussed other critical regional and bilateral issues and their cooperation as leaders of the G7 and G20, respectively."

The statement did not mention the Patriot missiles and the White House declined further comment.

U.S. Secretary of State Mike Pompeo confirmed on Friday media reports that the missiles would be withdrawn, but he said it did not signal a decrease in U.S. support for Saudi Arabia and was not an effort to pressure Riyadh on oil issues. He also said it did not mean Washington thought Iran was no longer a threat.

"Those Patriot batteries had been in place for some time. Those troops needed to get back," Pompeo told the Ben Shapiro radio show. "This was a normal rotation of forces."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Saudi Arabia said in a statement about the phone call that Trump confirmed the United States is committed to protecting its interests and the security of its allies in the region. Trump also reiterated U.S. support for efforts aimed at reaching a political solution to the crisis in Yemen, the statement said.

Latest comments

Why can't Saudi Arabia pay for their own defense?
Because they buy alot of defence equipment from the US. One of the most in world which employees alot of people in America
So they can buy the equipment and equip their own military with it.  Why are we defending foreign countries when we're $24 trillion in debt?
that's because the debt doesn't belong to politicians, but the sales of weapon goes toward their pocket indirectly. haha
Don t go to their embasy... they chop people up in pieces... but they have oil so it is allowed i guess donny...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.