Brent crude slides 3% after Trump says US will stop military funding to Israel ‘by end of this year’ – as it happened
Brent crude has turned negative, sliding 3%, after Donald Trump said the US will stop providing military funding to Israel by the end of this year.
The US president said he made a deal with Israeli prime minister Benjamin Netanyahu and that Washington would no longer be providing military aid to Israel after the end of this year.
Speaking to Fox News’ Fox and Friends programme, Trump said Israel no longer needs it and that some Democrats and left-wing politicians were using this US funding to Israel as a talking point to criticise Republicans.
double quotation mark Now, as far as paying Israel, Bibi Netanyahu and I have made a deal that we give Israel $4bn a year, and we made a deal months ago that we’re stopping.
We’ve already agreed that by the end of this year we won’t be paying Israel. Now we’ll help Israel if they need it.
Source: The Guardian. Summary reproduced for informational purposes.
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