Washington:U.S. President Donald Trump announced on Tuesday that the United States will cease providing approximately $4 billion in annual aid to Israel by the end of this year.

According to National Iraqi News Agency, Trump stated that an agreement has been reached to stop the financial assistance, citing that “Israel no longer needs American financial assistance.”

Trump emphasized that this decision does not affect military cooperation between the two nations. He noted that Israel will continue to have the ability to purchase American weapons, maintaining the defense relationship between the countries.