Trump Says U.S. Will End Annual Aid to Israel at Year-End
Trump says the $4 billion annual support will end this year, while oil prices fell and gold recovered during the trading session.
Key takeaways
- Trump said U.S. financial aid to Israel would end at the end of 2026.
- DW Türkçe said it was unclear which funding Trump meant.
- Ekonomim reported Brent fell more than 3% as gold recovered during the session.
U.S. President Donald Trump said the United States would end its annual $4 billion in financial support for Israel at the end of 2026. He said he and Israeli Prime Minister Benjamin Netanyahu had agreed to the change.
Trump argued that Israel no longer needs the funding, while saying the U.S. would help if needed and was ready to sell Israel weapons. He also said some Democrats and left-wing politicians were using the aid to criticize Republicans.
The precise funding Trump referred to is unclear, DW Türkçe reported. A U.S.-Israel agreement provides for $3 billion 800 million in annual military aid and expires in 2028, while talks have been underway about support after that date.
Oil prices fell after Trump’s remarks, according to Ekonomim. Brent futures losses exceeded 3%, while U.S. crude futures fell about 3%. Brent was trading near $103 at 19:00, compared with an opening price of $104.77, the outlet reported.
Gold moved higher after falling below $3 thousand 900 during the session and later climbing above $3 thousand 960. Ekonomim reported the metal was around $3,935 at 19:00, as silver also rose.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
