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A new agreement has been signed, and it is poised to have major geopolitical ramifications as Saudi Arabia has seemingly dropped BRICS, inking a new deal with the US in 2025. Indeed, Riyadh has agreed to a “strategic economic partnership’ with the United States amid a visit from President Donald Trump on Tuesday. Both Trump and Crown Prince Mohammed Bin Salman have reached the landmark agreement that will increase cooperation in energy, mining, defense, and other ventures. Indeed, the memorandum was reached in what is the US president’s first major foreign trip since his return to the White House. JUST IN: President Trump officially signs 'strategic economic partnership' with Saudi Arabia. pic.twitter.com/7ppmsaEeLb — Watcher.Guru (@WatcherGuru) May 13, 2025 Also Read: BRICS or the US? Saudi Arabia May Have Chosen a Side Amid the Faceoff Saudi Arabia & US Reach New Deal Despite BRICS Standoff Since his return to the Oval Office, Donald Trump has not been shy about his...

The BRICS alliance inducted six new countries into the bloc at the 15th summit in Johannesburg last month. Out of the six countries, five are oil-producing nations that export millions of barrels across the globe every year. The six countries joining BRICS are Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia, while Argentina is the only non-oil-producing country. There’s a high risk that Saudi Arabia and the UAE might start accepting local currencies for oil and ditch the U.S. dollar. Also Read: BRICS Discussing ‘Unified Settlements’ as Alternate to the US Dollar The new mission of BRICS is to end reliance on the U.S. dollar and promote local currencies for global trade. Therefore, chances are high that Saudi Arabia might consider accepting local currencies as payment for oil to reduce its dependency on the U.S. dollar. BRICS is looking to control the oil markets, and inducting Saudi Arabia was the best choice. In this article, we will highlight what could happen to the U.S. d...