U.S. President Donald Trump says turning his back on Saudi Arabia, despite its responsibility for killing a U.S.-based journalist, "would be a terrible mistake."
Any human rights concerns are outweighed by U.S. national security and economic interests, the president said.
"We're staying with Saudi Arabia," Trump announced, noting the kingdom's mutual opposition to Iran and Riyadh's purchases of American military equipment that mean, according to the president, "hundreds of thousands of jobs and billions of dollars of investment."
Russia and China "are not going to get that gift," Trump told reporters on the White House South Lawn before departing for the Thanksgiving holiday.
"We've kept oil prices down," Trump said, claiming they would soar if the U.S.-Saudi relationship was broken up.
"I'm not going to destroy the world economy and destroy the economy for our country by being foolish with Saudi Arabia," he added.
'Maybe he did, maybe he didn't'
Asked about a reported conclusion by the Central Intelligence Agency (CIA) that Saudi Crown Prince Mohammed bin Salman most likely knew about or ordered the plot to kill dissident journalist Jamal Khashoggi inside Riyadh's consulate in Istanbul, Trump replied: "Maybe he did, maybe he didn't" and stated, concerning the CIA's finding: "They have nothing definitive."
The president denied that his decision to avoid harshly punishing the Saudis for the Oct. 2 killing had anything to do with his personal business interests.
"I don't make deals with Saudi Arabia. I don't make money from Saudi Arabia," Trump said. "Being president has cost me a fortune."
WATCH: US-Saudi Arabia relations
Earlier in the day, in a statement issued by the White House, Trump said he understood that some lawmakers in Congress — who "for political or other reasons" — wanted to pursue sanctions against Riyadh for the killing. "They are free to do so," he said.
"I will consider whatever ideas are presented to me, but only if they are consistent with the absolute security and safety of America," Trump said.
But the leaders of the Senate Foreign Relations Committee, Republican Bob Corker and Democrat Bob Menendez, sent a letter to Trump Tuesday reminding him U.S. law requires him to examine whether the crown prince ordered Khashoggi's death.
The Global Magnitsky Human Rights Accountability Act requires the president to determine if a foreign official is responsible for a human rights violation.
The act is named for Russian accountant Sergei Magnitsky who was apparently beaten to death in prison in 2009 after accusing Russian officials of tax fraud.
"I never thought I’d see the day a White House would moonlight as a public relations firm for the Crown Prince of Saudi Arabia," Senator Corker tweeted Tuesday. He added that Congress will consider "all the tools at our disposal" to determine the role of the crown prince in the Khashoggi killing.
Khashoggi lived in the United States, writing opinion articles for The Washington Post that were critical of the crown prince and Riyadh's involvement in the long-running Yemen conflict.
His editor at the newspaper, Karen Attiah, described Trump's statement as "full of lies and a blatant disregard for his own intelligence agencies. It also shows an unforgivable disregard for the lives of Saudis who dare criticize the regime. This is a new low."
U.S. intelligence community
Veterans of the U.S. intelligence community are also expressing their disdain with the president's stance.
Former CIA Director John Brennan, who has repeatedly clashed with Trump, after Tuesday's statement said on Twitter that Trump "excels in dishonesty," so now it is up to Congress to obtain and declassify the CIA findings on Khashoggi's death.
"No one in Saudi Arabia — most especially the Crown Prince — should escape accountability for such a heinous act," Brennan wrote.
Former CIA officer Ned Price wondered Tuesday "how appointed intelligence leaders could continue to serve after this betrayal is beyond me."
A Saudi prosecutor cleared the crown prince of wrongdoing last week while calling for the death penalty for five of the 11 suspects indicted in the killing. The prosecutor said a total of 21 people have been detained.
Turkish officials concluded that Khashoggi was tortured and killed, with his body then dismembered.
Turkey Foreign Minister Mevlut Cavusoglu said Tuesday that Ankara might formally seek a U.N. investigation of the killing if cooperation with Riyadh reached an impasse.
VOA's Chris Hannas and Katherine Gypson contributed to this report.