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Fortune

Irina Ivanova

Saudi Arabia's $600 billion promise to the U.S. needs oil prices to stay high—which will likely anger Trump

Donald Trump Saudi Arabia Oil Simon Johnson Fortune United States OPEC

Donald Trump and Saudi Crown Prince Mohammed bin Salman walk together (Credit: Win McNamee/Getty Images)

Saudi Arabia promised to invest $600 billion in the U.S. during President Donald Trump’s trip there. But the kingdom is currently running a deficit, and boosting its spending to promised levels would be extremely difficult unless the price of oil goes higher—complicating Trump’s math.

If there's one thing President Donald Trump likes almost as much as big economic deals, it’s low gas prices.

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