Commodities
US Plans Record-Breaking F-35 Sale to Saudi Arabia Amid Oil Price Volatility
The US State Department has notified Congress of a potential sale of up to 48 F-35 fighter jets to Saudi Arabia, worth as much as $24.3 billion.
The proposed sale has been under discussion for several years and was mentioned by President Donald Trump in November as part of a planned visit by Crown Prince Mohammed bin Salman to the White House.
However, concerns have been raised about the potential risks associated with selling advanced technology to Saudi Arabia, particularly given its growing security relationship with China.