Futures Rebound On Fresh Bout Of Iran Optimism As Hyperscaler Earnings Loom

UBS Warns Drought Shock Unfolding Across Breadbasket Of America It's not just us sounding the alarm about severe drought conditions hitting America's breadbasket as spring plantings ramp up, or warning about the second- and third-order effects that could push food prices higher later this year. UBS analysts, led by Jonathan Pingle, told clients on Thursday morning that drought conditions across the US agricultural belt rank among the worst in more than 130 years: The National Oceanic and Atmospheric Administration's Palmer Drought Severity Index hit its highest level for March since records started...

Tehran is once again pointing the finger at “terrorists” for last month’s bloodshed, rejecting outside estimates and doubling down after President Trump just issued his own high estimate. Trump told reporters Friday that 32,000 people were killed in the unrest, declaring that “the people of Iran have lived in hell” under the ruling clerical regime of the Ayatollah. That figure […]

India's Nuclear Push Further Strains The Massive Uranium Supply Gap Prime Minister Modi secured another major uranium supply line. During his visit to Australia this month, the two sides finalized the administrative arrangements needed to move Australian uranium to India under the previous 2014 nuclear cooperation agreement. The fuel must stay under IAEA safeguards for exclusively peaceful use.  Australia holds roughly 28% of global uranium reserves. New Delhi has eyed those reserves for years, and now the yellowcake spigot can open. This follows the March deal with Canada's Cameco. That contract covers...