Iran: Strait of Hormuz Will Not Reopen Until US Meets ‘Seven Conditions’

Standard Nuclear Slashes IPO Size As Nuclear Comps Collapse Standard Nuclear reset its IPO terms sharply lower as recent nuclear peers have watched their stock price crater after debuting on the public market.  The TRISO fuel manufacturing company originally targeted 18.25 million shares at $18-$21, for up to $383 million in proceeds and an implied valuation as high as $3.55 billion. It has now filed to sell 10 million shares at $15, raising $150 million with a fully diluted market value around $2.4-2.7 billion. The adjustment reflects cooling sentiment toward newer nuclear...

Pump Pain Relief? Gas Above $4 May End Soon As U.S.-Iran Peace Deal Sends Oil Lower The national average for U.S. gasoline prices has hovered above the politically sensitive $4-per-gallon level for 76 days, or roughly 2.5 months, as the Gulf energy shock tightened physical markets and forced emergency SPR draws. But with President Trump declaring late Sunday, just 30 minutes before NY futures opened, that a US-Iran peace deal has been secured, and with WTI and Brent futures tumbling, pressure at the pump could begin to ease in the...

Obamacare Fraud Estimated To Cost $25 Billion This Year: Report Authored by Lawrence Wilson via The Epoch Times, Taxpayers will foot the bill for up to $25 billion in improper Obamacare payments due to organized fraud and improper enrollments in 2026, according to a June 3 report from Paragon Health Institute. A pedestrian passes an insurance agency that offers Affordable Care Act plans in Miami, on Jan. 28, 2021. Joe Raedle/Getty Images Some 6.2 million enrollments in the healthcare exchanges during the most recent open-enrollment period were improper, the report said, accounting for...