Has Trump Opened Pandora's Box?

Novorossiysk Restarts Oil Loadings At Reduced Capacity After Drone Strike By Julianne Geiger of OilPrice Russia has restarted limited oil loadings at its Black Sea port of Novorossiysk after a drone attack earlier this week forced a full suspension. Operations at the Sheskharis terminal resumed late Thursday, but only one berth is currently active. A single cargo of roughly 80,000 tons is expected to depart, well below the terminal's normal capacity of about 700,000 barrels per day. The restart comes after the Monday strike that caused fires at a fuel terminal and damaged...

Italian Diplomatic Sources Deny Talks With Iran To Open Hormuz Update(1140ET): Italy denies talks with Iran, but still nothing official on a public level from government ministers: No negotiations are under way with Iran to guarantee safe passage through the Hormuz Strait for Italian ships or oil tankers, an Italian Foreign Ministry source has told Reuters, denying a report in The Financial Times. “In their diplomatic contacts, Italian leaders want to favour the conditions for a general military de-escalation, but there is no under-the-table negotiation aimed at preserving only some merchant ships...

US Nuclear Renaissance Finally Starts...? TNC Plans New South Carolina Reactor The Nuclear Co. (TNC), a startup that emerged from stealth in 2024 as America’s full-stack nuclear project integrator, is preparing to propose one of the first large-scale conventional reactor builds in the United States in more than a decade.  According to Bloomberg, the company could unveil plans as soon as this week for an AP1000 reactor at one of three potential sites in South Carolina. The move comes as surging electricity demand, fueled largely by AI data centers, forces utilities...