Brent Crude Slides 3% After Trump Says US Will Stop Military Funding to Israel ‘By End of This Year’ – Business Live
Julia Kollewe
Tue 3 Nov 2026 15.15 CET
First published on Tue 3 Nov 2026 08.48 CET
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Photograph: Reuters
From
42m ago
14.42 CET
Brent crude slides 3% after Trump says US will stop providing military funding to Israel after the end of this year.
Donald Trump said the US will stop providing military aid to Israel after the end of this year. Speaking to Fox News’ Fox and Friends programme, Trump said Israel no longer needs it and that some Democrats and left-wing politicians were using this US funding to Israel as a talking point to criticise Republicans.
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Now, as far as paying Israel, Bibi Netanyahu and I have made a deal that we give Israel $4bn a year, and we made a deal months ago that we’re stopping. We’ve already agreed that by the end of this year we won’t be paying Israel. Now we’ll help Israel if they need it.
Updated at
15.04 CET