Hormuz Traffic Sank To Just Six Vessels Monday

From Diablo Canyon Closure Fights To Record-Speed Renewals: The Nuclear Reversal  The Nuclear Regulatory Commission (NRC) clocked another subsequent license renewal (SLR) in under 12 months. Southern Nuclear’s application for the two-unit Edwin I. Hatch plant in Georgia cleared the finish line on June 11, extending both boiling water reactors from 60 to 80 years of operation. Hatch-1 is now licensed through August 2054. Hatch-2 runs through June 2058. That is roughly 1.85 GWe of carbon-free baseload secured into the 2050s. The approval makes Hatch the second and third units to...

Trump Expected To Accuse China Of Helping Joe Biden Win 2020 Election President Donald Trump is expected to use a prime-time address Thursday night to discuss election integrity and potentially unveil 'four sets' of newly declassified intelligence concerning alleged foreign interference in recent U.S. elections, according to reports. MSNBC; Getty Images Trump is scheduled to address the nation at 9 p.m. ET tonight - only revealing that it would focus on election security and related concerns. "Our country has to shape up," Trump said during an Oval Office appearance with Iraqi Prime Minister Ali...

UBS Warns Of "Scary" Oil Price Scenarios Once Inventory Buffers Run Dry Drawing down crude inventories at a record pace, with SPR releases doing the heavy lifting to cushion the Gulf supply shock, only delays the move higher in crude oil prices. Once those buffers are depleted, oil risks being violently repriced higher. That is why the Trump administration's race to secure a peace deal with Iran and reopen the Hormuz chokepoint has taken on new urgency in recent weeks. The longer the critical waterway remains disrupted, the greater the risk...