U.S. President Donald Trump sent a 30-year civil nuclear cooperation agreement with Saudi Arabia to Congress on Monday for a 90-session-day review period, while reiterating that the deal would only advance if Riyadh formally recognized Israel under the Abraham Accords framework.
The agreement, which covers civilian nuclear energy and permits U.S. companies to export nuclear technology to Saudi Arabia, includes provisions for the construction of Westinghouse’s AP1000 reactors. Westinghouse is jointly owned by Canada-based Cameco and Brookfield Asset Management, with Cameco’s stock listed under the ticker CCJ, which closed at $102.27 on August 24, down 0.23%, while pre-market trading showed a gain of 1.01% to $103.30.
A U.S. government official confirmed via email that Trump’s position remains unchanged: the nuclear pact will not proceed unless Saudi Arabia adheres to the Abraham Accords, the U.S.-brokered normalization agreements signed in 2020 and 2021 with Israel by the UAE, Bahrain, Morocco, and Sudan. The official stated, 'The president's position has not changed: the agreement will only move forward if Saudi Arabia adheres to the Abraham Accords.'
Saudi Arabia has previously demanded a binding commitment to a Palestinian state as a prerequisite for recognizing Israel, a stance that complicates the path to normalization. The nuclear deal, valued in the dozens of billions of dollars, was originally closed in July 2026 and sent to Congress on August 24, triggering the review process. The agreement would also benefit Siemens Energy and Sandisk, which have seen significant stock performance in recent periods, with Siemens Energy up 231.5% and Sandisk up 189% in historical proPicks AI data referenced in the report.
The review period provides Congress with up to 90 session days to deliberate the pact, during which lawmakers may consider geopolitical conditions, including Saudi Arabia’s stance on Israel and the broader Middle East stability following the October 2023 escalation in Gaza, which altered regional diplomatic dynamics.
