Oil Soars As Trump Warns Iran Will Pay For Future Houthi Shipping Attacks, Rubio Rules Out Deal

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...

America's Medicine Supply Chain Is A National Security Vulnerability Authored by Will Coggin via RealClearDefense, The Chinese government is tightening the screws on American investment in its artificial intelligence sector. The core purpose is to keep U.S. capital out of technologies it deems “strategically sensitive” to national security. The protective action is a reminder that Washington also needs to prioritize insulating our own critical sectors from foreign adversaries. Few industries are more important to our national security than healthcare. More than 131 million people - nearly two-thirds of all U.S. adults - use...

Coal Nears Breakout As Gulf Energy Shock Drives Utilities Back To Dirty Fuel Ahead Of Winter Newcastle thermal coal futures are approaching the $150-a-ton breakout level as the global energy shock, most acute in industrial fuels, encourages utilities to shift toward coal ahead of the Northern Hemisphere winter while electrification trends and all things AI expand electricity demand.  UBS metals and mining analyst Myles Allsop wrote in a note this week that thermal coal prices face a number of factors colliding at once that could push prices higher over the next few months:  We...