"Semi-Irrational Chase" Sends Futures To Another Record High, Oil Drops On Iran Optimism

China Rejects 'Baseless Smear' It's Sending Weapons To Iran After Trump Warned Of 'Big Problems' China has dismissed reports that it supplied or plans to supply weapons to Iran as "baseless smears," after multiple outlets cited US intelligence accusing Beijing of potentially entering the war indirectly. "China has always adopted a cautious and responsible attitude towards the export of military items, implementing strict controls in accordance with its own export control laws and regulations and its international obligations. We oppose baseless smears or malicious association," Foreign Ministry spokesman Guo Jiakun stated...

Archbishop Paul Coakley, head of the US Conference of Catholic Bishops (USCCB), has condemned President Trump’s threat to destroy a “civilization” in Iran and urged an end to the war, echoing Pope Leo XIV’s appeals for peace. “The threat of destroying a whole civilization and the intentional targeting of civilian infrastructure cannot be morally justified. […]

Reactor Developers Advance Sweden's Nuclear Ambitions While State Puts Up $3.7 Billion Sweden advanced its nuclear revival with two major filings for new capacity and a government proposal to commit up to $3.7 billion in state capital for SMR projects. On May 18th, Blykalla submitted the first application for an advanced reactor park under Sweden’s new siting process. The Norrsundet site would host six 55-MWe SEALER lead-cooled reactors, for 330 MWe total.  CEO Jacob Stedman called it a historic first for Sweden, and linked the technology to meeting AI and electrification demand...