Saudi Crown Prince’s Washington Trip Signals Future-Focused Strategic Shift

WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP
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Saudi Crown Prince’s Washington Trip Signals Future-Focused Strategic Shift

WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP

Over an intensive 48 hours, Washington became the stage for launching a new phase in the strategic alliance between Saudi Arabia and the United States, an alliance intended to bind the interests of both countries for decades to come.

The move coincided with the visit of Crown Prince Mohammed bin Salman, the Saudi Prime Minister, and built on the foundations set during President Donald Trump’s visit to Riyadh in May.

The meetings were not a mere display of existing ties, but a platform to unveil a strategic economic partnership framework whose pillars were laid during Trump’s trip to Riyadh. The document pushes bilateral cooperation to unprecedented levels of technological and financial integration.

The Crown Prince expressed confidence that this partnership with the US will grow at an unprecedented pace in the coming years, urging both sides to seize the promising opportunities it offers, opportunities driven by economic growth, diversification and innovation.

The Crown Prince said the signing of investment agreements and projects in sectors including defense, energy, artificial intelligence, rare minerals and finance will create substantial employment opportunities in both countries.

One of the longest economic partnerships

Total investments and agreements between American and Saudi companies reached 575 billion dollars, according to Saudi Investment Minister Khalid Al-Falih, strengthening what he described as “one of the longest and most dynamic economic partnerships in the world.”

This includes 307 billion dollars announced during Trump’s visit to Riyadh in May, additional bilateral commitments that followed, and 267 billion dollars in new deals unveiled at the 2025 US-Saudi Investment Forum.

Beyond the signing of a massive package of agreements exceeding 575 billion dollars, the most significant signal was the Crown Prince’s pledge to increase Saudi investment plans in the United States to 1 trillion dollars.

Trump described the financial commitment as evidence of the strength of the strategic alliance, saying it reinforces the relationship as a balanced partnership between the world’s largest economy and the Arab world’s largest economy, and marks a shift toward strategic investments in the sectors of the future.

Axes of the visit

The historic visit produced three main pillars:

First, artificial intelligence

The signing of the Strategic Artificial Intelligence Partnership between Saudi Arabia and the US marked a pivotal turning point in the nature of the bilateral relationship. The partnership is no longer limited to commercial cooperation, it lays the groundwork for a new phase of comprehensive and long term economic security.

A joint statement by the foreign ministers of the two countries said the understanding reflects a firm commitment to boosting innovation and technological progress, and to using advanced and emerging technologies to deepen shared security objectives.

This places artificial intelligence at the core of the security umbrella, making the stability of data and chip supply chains inside the Kingdom an integral part of US strategic interests.

The White House said the agreements will give the Kingdom access to world leading US systems while protecting US technology from foreign influence.

The partnership aims to cement the Kingdom’s position as a global computing hub, capitalizing on leading American technology.

Technological enablement: The partnership expands Saudi access to advanced US systems, reflected in the Commerce Department’s approval to export cutting edge Nvidia Blackwell chips, removing the biggest constraint on sector growth.

Infrastructure development: The partnership supports plans to build massive supercomputing hubs in the Kingdom. Companies such as Elon Musk’s firms and Nvidia announced large scale projects and high capacity computing centers of 500 megawatts or more, citing Saudi Arabia’s competitive advantages in energy, land availability and geographic location, which position it as a global center for cloud computing and AI services.

Digital sovereignty: Financial market cooperation includes a memorandum of understanding on education and training, signaling the Kingdom’s focus on building local knowledge and human capacity to secure “computational sovereignty” and lead future AI applications.

HUMAIN at the center: The shift is embodied in the prominent role of HUMAIN, the Saudi Public Investment Fund owned AI company that featured in many joint announcements.

Alongside the joint project announced by Elon Musk between his company xAI, Nvidia and HUMAIN to develop a 500 megawatt artificial intelligence computing center in the Kingdom, Nvidia CEO Jensen Huang praised HUMAIN’s “massive” expansion in the six months since its establishment, saying he is working with Saudi Arabia to train advanced robots and build supercomputers.

HUMAIN is also partnering with US chipmakers AMD and Cisco to develop data centers in the Middle East, beginning with a 100 megawatt facility in the Kingdom to serve Luma AI, a California based generative video producer. HUMAIN led a 900-million-dollar funding round for Luma AI, deepening the Kingdom’s efforts to build what is being described as the “Hollywood of artificial intelligence.”

HUMAIN also announced collaborations with Adobe and Qualcomm to develop Arabic language AI, and a partnership with Global AI to build a data center campus in the US, highlighting its two-way global expansion.

Amazon Web Services and HUMAIN said they will expand their strategic partnership to deploy up to 150,000 AI accelerators inside a major facility in Riyadh known as the Artificial Intelligence Zone.

Second, energy and minerals

The strategic significance of the visit extended beyond artificial intelligence to major advances in energy and minerals, with agreements designed to secure critical supply chains and safeguard future energy sources.

Civil nuclear cooperation: The announcement of the completion of negotiations on civil nuclear energy cooperation, known as the 123 Agreement, was the most important milestone.

The White House said the agreement establishes the legal foundation for a multibillion dollar nuclear partnership spanning decades and supports the Kingdom’s strategic goal of diversifying clean energy sources. The statement said US companies will be the Kingdom’s preferred partner in this field.

Critical minerals: The two sides also signed a “Strategic Framework for Cooperation on Securing Uranium, Metals, Permanent Magnets and Critical Minerals Supply Chains.”

The framework anchors the partnership in economic security, directly linking US interests to Saudi geological resources.

It aims to strengthen global supply chain resilience through projects such as establishing a rare earth refinery with US company MP Materials, the Department of Defense and Saudi mining firm Maaden.

The White House said the critical minerals framework will deepen cooperation and align strategies for diversifying critical mineral supply chains, adding that the agreement builds on similar deals secured by Trump with other trading partners to ensure the resilience of the US supply chain for essential minerals.

Aramco investments: Aramco announced 17 new agreements worth 30 billion dollars, bringing total cooperation with US companies to 120 billion dollars, including expansions into liquefied natural gas and advanced services.

Third, investment and financial markets

The economic and financial dimension was central in reinforcing the depth of the partnership, supported by the Crown Prince’s pledge to raise Saudi investments in the US to nearly 1 trillion dollars.

Investment facilitation: The two sides signed the strategic framework for facilitating procedures to accelerate Saudi investments and the Financial and Economic Partnership Arrangements.

These ensure that investment commitments flow smoothly into US growth sectors, including infrastructure and technology, creating high paying American jobs and supporting shared prosperity.

The US Treasury Department and the Saudi Finance Ministry signed agreements to strengthen cooperation on financial markets, standards and regulatory frameworks. The step is intended to integrate and streamline capital flows, bolstering the resilience of the global financial system.

The two countries also agreed to intensify efforts on trade issues, including reducing trade barriers and recognizing US federal vehicle safety standards, a direct gain for American manufacturers and exporters that supports the Kingdom’s sector modernization at the same time.

Financial markets and trade integration: The visit also produced agreements on cooperation in the financial markets sector aimed at improving governance and regulatory standards.

Dr. Abdullah Al-Jassar, a member of the Saudi Economic Association and the International Association for Energy Economics, told Asharq Al-Awsat that the agreements signed during the Crown Prince’s visit to Washington represent a new phase in the economic relationship between the two countries, particularly in energy, investment and advanced technologies.

He said the deals open the door to high value investments and help develop national skills in advanced fields, supporting economic diversification and strengthening the Kingdom’s position in global energy markets.

“We are looking at long term partnerships that contribute to building a more balanced and sustainable economy,” he said.

In the end, the agenda of the Washington visit was not just a successful diplomatic tour, it was a formal launch of a high stakes partnership for the new era. The agreements place Saudi Arabia and the US on a path toward deep strategic integration.



Oil Falls by 13% After Iran Declares Strait of Hormuz Open

Hafnia Lillesand, a crude oil and product tanker, sits at Viva Energy Australia's Gore Bay fuel terminal overlooking the city skyline in Sydney, Australia April 14, 2026. (Reuters)
Hafnia Lillesand, a crude oil and product tanker, sits at Viva Energy Australia's Gore Bay fuel terminal overlooking the city skyline in Sydney, Australia April 14, 2026. (Reuters)
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Oil Falls by 13% After Iran Declares Strait of Hormuz Open

Hafnia Lillesand, a crude oil and product tanker, sits at Viva Energy Australia's Gore Bay fuel terminal overlooking the city skyline in Sydney, Australia April 14, 2026. (Reuters)
Hafnia Lillesand, a crude oil and product tanker, sits at Viva Energy Australia's Gore Bay fuel terminal overlooking the city skyline in Sydney, Australia April 14, 2026. (Reuters)

Oil prices plunged by about 13% on Friday after Iran's foreign minister said passage for all commercial vessels through the Strait of Hormuz was open for the remaining ceasefire period and US President Donald Trump said Iran has agreed to never close the strait again.

Brent crude futures fell $12.87, or 12.95%, to $86.52 a barrel by 10:50 a.m. EDT (1450 GMT), after falling to a session low of $86.09. U.S. West Texas Intermediate crude futures were down $13.50, or 14.26%, at $81.19 a barrel, after touching $80.56.

Both contracts were trading at ‌their lowest since ‌March 10, and set for their largest daily declines ‌since ⁠April 8.

Iranian Foreign ⁠Minister Abbas Araqchi said the Strait of Hormuz was open following the agreement of a ceasefire in Lebanon.

"Comments from Iran's foreign minister indicate a de-escalation as long as the ceasefire is in place, now we need to see if the number of tankers crossing the Strait increases substantially," UBS analyst Giovanni Staunovo said.

PROGRESS IN NEGOTIATIONS

The US and Iran have made progress in the negotiations over a three-page memorandum of understanding to ⁠end the war, according to an Axios reporter on X.

Prices had ‌already fallen earlier in the session as ‌possible further talks between the United States and Iran over the weekend and a 10-day ceasefire ‌between Lebanon and Israel raised investors' hopes the war in the Middle East ‌could be nearing an end.

Addressing a sticking point in talks, Trump said Tehran had offered to not possess nuclear weapons for more than 20 years.

"We're going to see what happens. But I think we're very close to making a deal with Iran," Trump told reporters ‌outside the White House on Thursday.

Trump also said on Friday that the United States has banned Israel from further bombing ⁠in Lebanon, using ⁠a harsher tone than usual with the longtime US ally.

Shortly after the announcement that the strait was open, a US official told Reuters that a military blockade of Iran involving more than 10,000 personnel remains in effect.

While the opening up of the strait was a step in the right direction, the European market would remain tight for a while, analyst Ole Hvalbye at SEB Research said, since it takes roughly 21 days for ships to move from the Gulf to Rotterdam, the main crude port in the region.

Traffic could be halted once again in the strait, if an agreement about Iran’s nuclear ambitions and lifting the US sanctions remains elusive, said Tamas Varga, an analyst at PVM Oil Associates.


Saudi CEDA Reviews Vision 2030 Progress

Buildings are seen in Riyadh, Saudi Arabia, December 18, 2017. REUTERS/Faisal Al Nasser 
Buildings are seen in Riyadh, Saudi Arabia, December 18, 2017. REUTERS/Faisal Al Nasser 
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Saudi CEDA Reviews Vision 2030 Progress

Buildings are seen in Riyadh, Saudi Arabia, December 18, 2017. REUTERS/Faisal Al Nasser 
Buildings are seen in Riyadh, Saudi Arabia, December 18, 2017. REUTERS/Faisal Al Nasser 

Saudi Arabia’s Council of Economic and Development Affairs (CEDA) held a virtual meeting to consider a package of strategic reports outlining the Kingdom’s economic and development trajectory.

The council issued the 2025 annual report on Saudi Vision 2030, showing clear progress across its three pillars — a vibrant society, a thriving economy and an ambitious nation — while underscoring the resilience of the national economy, supported by prudent fiscal policies and solid logistics infrastructure.

The report highlighted qualitative advances during the Vision’s second phase, reflecting its flexibility and ability to adapt to changing conditions in line with its third phase. It emphasized efforts to build on gains achieved in the first two phases and accelerate implementation by sharpening priorities and advancing national programs and strategies.

Resilience amid global developments

CEDA also discussed the monthly report from the Ministry of Economy and Planning, which covered global economic developments and growth prospects in light of current regional events and their repercussions for both major and emerging economies.

The report examined the impact of geopolitical tensions on Gulf economies and supply chains, as well as their potential implications for Saudi Arabia’s economic and financial outlook. It pointed to the Kingdom’s “exceptional resilience,” supported by strong economic and fiscal policies and robust logistics infrastructure.

Public sector performance

The council reviewed a presentation by the National Center for Performance Measurement of Public Agencies (Adaa) on its 2025 annual performance report. The findings showed continued positive performance by government entities in meeting targets, reflecting stable delivery and efficient execution.

The report also outlined the center’s work in strengthening the measurement of national strategies and reviewing strategic documents to ensure that indicators and initiatives fully cover all objectives. It included results from the latest evaluation cycle of performance management practices across public entities.

CEDA also discussed a presentation by the National Center for Privatization (NCP), highlighting key results for the second half of 2025, including the performance of supervisory committees and progress on major projects. The presentation showed improved overall performance and an increase in the number of privatization projects during the period.

Grand Mosque services and infrastructure

The council discussed a presentation by the Royal Commission for Makkah City and Holy Sites on projects in the central area of the Grand Mosque in Makkah. The briefing addressed the use of advanced technologies to monitor and manage waste, measures to facilitate the movement of vehicles and goods into the central area, and steps to enhance safety procedures and intensify oversight of expansion projects to ensure the safety of worshippers.

It also outlined a three-year plan covering systems related to health, safety, security and the environment.

Governance and policy updates

Moreover, CEDA saw a report on the updated national framework for governance, risk, compliance and internal audit functions, including its pilot application across selected government entities, proposals for broader implementation and mechanisms to measure compliance.

The council also considered a number of procedural matters, including a draft national intellectual property policy.

It was briefed on the semiannual report of the ministerial committee on social support and subsidies, as well as updates from the committee on improving the balance of payments and advancing economic diversification.

Further briefings included a monthly report on progress in implementing the executive plan to host regional headquarters of international organizations, a quarterly report from the standing committee for price monitoring, and summaries of the latest consumer price index and wholesale price index reports, along with the underlying data.


1st SKorean Tanker Transits Saudi Arabia’s Yanbu in Alternative Red Sea Route

South Korean President Lee Jae Myung delivers a eulogy during a memorial service to pay tribute to the victims of the sinking of the ferry Sewol off Jin Island on South Korea's southwest coast in Ansan, south of Seoul, South Korea, 16 April 2026. EPA/YONHAP
South Korean President Lee Jae Myung delivers a eulogy during a memorial service to pay tribute to the victims of the sinking of the ferry Sewol off Jin Island on South Korea's southwest coast in Ansan, south of Seoul, South Korea, 16 April 2026. EPA/YONHAP
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1st SKorean Tanker Transits Saudi Arabia’s Yanbu in Alternative Red Sea Route

South Korean President Lee Jae Myung delivers a eulogy during a memorial service to pay tribute to the victims of the sinking of the ferry Sewol off Jin Island on South Korea's southwest coast in Ansan, south of Seoul, South Korea, 16 April 2026. EPA/YONHAP
South Korean President Lee Jae Myung delivers a eulogy during a memorial service to pay tribute to the victims of the sinking of the ferry Sewol off Jin Island on South Korea's southwest coast in Ansan, south of Seoul, South Korea, 16 April 2026. EPA/YONHAP

A South Korean oil tanker has transited the Red Sea for the first time since the effective closure of the Strait of Hormuz, Seoul's oceans ministry said on Friday.

Import-dependent South Korea has taken steps to mitigate the risks to its energy supplies since US-Israeli attacks on Iran in late February prompted Tehran to shut off access to the strait, now under a US blockade.

Seoul has sought new sources of oil and said this month that it would send five Korean-flagged ships to the Saudi Arabian Red Sea port of Yanbu to establish alternative routes.

The ministry announced on Friday the "first case of crude oil being transported into the country via the Red Sea, a detour, since the blockade of the Strait of Hormuz".

President Lee Jae Myung called it "a valuable achievement made by the relevant ministries moving as one team".

"I would like to express my gratitude to everyone who worked hard day and night despite difficult conditions, especially the sailors," he said on X.

Kang Hoon-sik, chief of staff to the president, said on Wednesday that South Korea had secured supplies of more than 270 million barrels of crude oil via routes unaffected by Hormuz crisis through the end of the year.

The figure is equivalent to more than three months of South Korea's oil needs based on last year's figures, Kang said.

The official recently returned from a trip to Kazakhstan, Oman, Saudi Arabia and Qatar in a bid to secure alternative fuel sources.