Trump Calls Iranian Response to Peace Proposal ‘Totally Unacceptable’

"6–12 Months For Construction Permits" - The Nuclear Regulation Overhaul As we have been detailing for months, the Trump administration is pushing the deployment of nuclear energy in ways never before seen in modern times. Among the dozens of major regulatory changes, award programs, and high-speed development initiatives, the administration seems to be clearing a new roadblock every week, yet in reality it is greatly lagging global rollout of NPPs, and especially China which is currently building at least 39 nuclear reactors.   Four months later, China has added 9 more reactors...

Tanker Rates Nearly Halve As Hormuz Shipping Normalizes The recent spike in the cost to hire a supertanker carrying 2 million barrels of crude from Saudi Arabia to China is now being sharply reversed, as more shippers send vessels through the Strait of Hormuz and normalization trends continue to improve. Bloomberg reports that tanker rates for the Saudi Arabia-to-China route tumbled to about $287K on Friday, down 44% from more than $514K on Tuesday. That data came from the Baltic Exchange. Rates remain elevated and still highly profitable for owners, but...