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(Brookings Institution) Bruce Riedel - Last month, President Trump visited Saudi Arabia and his administration announced a $110 billion arms deal with the kingdom. Except that contacts in the defense business and on the Hill all say there is no $110 billion deal. Instead, there are letters of interest or intent, but not contracts. Many are offers that the defense industry thinks the Saudis will be interested in someday. Moreover, it's unlikely that the Saudis could pay for a $110 billion deal any longer, due to low oil prices. The writer was a senior advisor on South Asia and the Middle East to four U.S. presidents. 2017-06-13 00:00:00Full Article
$110 Billion Arms Deal to Saudi Arabia Is Fake News
(Brookings Institution) Bruce Riedel - Last month, President Trump visited Saudi Arabia and his administration announced a $110 billion arms deal with the kingdom. Except that contacts in the defense business and on the Hill all say there is no $110 billion deal. Instead, there are letters of interest or intent, but not contracts. Many are offers that the defense industry thinks the Saudis will be interested in someday. Moreover, it's unlikely that the Saudis could pay for a $110 billion deal any longer, due to low oil prices. The writer was a senior advisor on South Asia and the Middle East to four U.S. presidents. 2017-06-13 00:00:00Full Article
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