U.S. Ends $4 Billion Israel Aid Deal, Sending Oil Down 3%
Updated
Updated · NBC News · Nov 3
U.S. Ends $4 Billion Israel Aid Deal, Sending Oil Down 3%
3 articles · Updated · NBC News · Nov 3
Summary
Trump said the U.S. will cut off annual aid to Israel at year-end under a deal he says he made months ago with Benjamin Netanyahu.
Netanyahu had proposed ending the payments, Trump said, arguing Israel is now successful enough not to need them and that the aid had become a political flashpoint in U.S. elections.
A Netanyahu spokesman said he was unaware of the remarks, and it remained unclear whether Trump meant the $3.8 billion annual military-aid memorandum that runs through 2028.
Brent crude fell more than 3% to about $101 a barrel as traders took the comments as another sign the Iran war may end without wider escalation.
The move lands after $21.7 billion in U.S. military aid to Israel since the Oct. 7, 2023 attack and immediately drew Israeli opposition warnings about security and weapons stocks.