President Joe Biden called it “outrageous” that Saudi Arabia’s Crown Prince Mohammed bin Salman signed off on the killing of Washington Post columnist Jamal Khashoggi, and cast ahead to an announcement about the kingdom next week. Biden said in an interview with Univision News that he told Saudi King Salman this week that “the rules are changing” in the kingdom’s relationship with the U.S. and promised “significant changes” on Monday. The prince has denied involvement in the killing and the kingdom rejected what it called a “false” U.S. narrative. No sanctions have been announced against him. The Biden administration on Friday released a partially redacted report the Trump administration withheld from the public revealing that the U.S. intelligence committee believed the crown prince was responsible for Khashoggi’s October 2018 murder inside the Saudi consulate in Istanbul. “We assess that Saudi Arabia’s Crown Prince Mohammed bin Salman approved an operation in Istanbul, Turkey, to capture or kill Saudi journalist Jamal Khashoggi,” the report concluded. “It is outrageous what happened,” Biden said. Saudi stocks fell on Sunday, the first day of trading in Riyadh after the release of the report. The report builds on classified intelligence from the CIA and other agencies. The kingdom dismissed it outright. “The government of the Kingdom of Saudi Arabia completely rejects the negative, false and unacceptable assessment in the report pertaining to the Kingdom’s leadership, and notes that the report contained inaccurate information and conclusions,” the Saudi Foreign Ministry said in a statement. The prince has said he accepts symbolic responsibility for the killing as the country’s de facto ruler. Saudi officials have said the murder was carried out by rogue agents who’ve since been prosecuted. Relevant authorities took “all possible measures within our legal system” to ensure those agents were properly investigated and that justice was served, the statement said. The decision to release the report, compiled by the Office of the Director of National Intelligence, reflects the Biden administration’s determination to recalibrate relations with Saudi Arabia, the world’s largest oil exporter, over its human rights record. Although the four-page declassified version didn’t disclose any direct evidence or the U.S. intelligence methods that were used in reaching its conclusion, it said the team that killed Khashoggi included seven members of the crown prince’s “elite personal protective detail” who wouldn’t have taken part without his approval. “The Crown Prince viewed Khashoggi as a threat to the Kingdom and broadly supported using violent measures if necessary to silence him,” the report said. The report said it had “high confidence” about the 21 people who were involved in the killing on the prince’s behalf. At least for now, there is no indication that the U.S. plans to sanction the crown prince. That’s in keeping with a broader assessment that he’s destined to be the kingdom’s ruler for years to come and punishing him now would risk alienating a country that, for all its flaws, remains a crucial ally. Saudi Arabia dominates the Gulf Arab region geographically, is its economic powerhouse, and has for decades been a political heavyweight in regional affairs. It’s also one of the biggest customers for American arms. Biden will have to navigate the relationship with Saudi Arabia carefully, however, as he seeks to re-engage Iran and persuade it to resume compliance with the nuclear accord. Signaling that being tougher on Saudi Arabia won’t mean he’s soft on Iran, the administration ordered airstrikes overnight on Iranian-backed militias in Syria that it blames for rocket attacks on U.S. forces in neighboring Iraq. “There will be an announcement on Monday as to what we are going to be doing with Saudi Arabia generally,” Biden told reporters as he departed the White House on Saturday for his home in Delaware. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake