IEA's Birol says expect nuclear power to get a "big boost" following Iran war, via CNBC TV
The commentary from IEA's Birol emphasizes an expected increase in nuclear power following the Iran conflict, which indicates a potential shift in energy strategies amid geopolitical tensions.
"Somalia closes Bab al-Mandab Strait to Israeli shipping", IRNA reports; "The move comes as a direct response to Israel’s recognition of the breakaway region of Somaliland, Yemen Press Agency reported on Wednesday"
According to industry sources, SK Hynix (000660 KS) is expected to set a new all-time high operating margin in Q2 on the back of the continuing memory supercycle
IEA's Birol says expect nuclear power to get a "big boost" following Iran war, via CNBC TV
US Senate has reportedly approved a USD 70bln funding blueprint for ICE and border patrol, according to reports
German S&P Global Composite PMI Flash (Apr) 48.3 (Prev. 51.9, Low. 50.2, High. 52); "Faced with rapidly increasing costs, firms raised average prices ... at the quickest rate in over three years in April, in a sign of widening inflationary pressures"
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This development could lead to heightened investments in nuclear infrastructure and affect oil and energy prices as countries pivot to diversify their energy sources away from fossil fuels. Traders should consider how this might influence commodity markets, particularly WTI and other energy assets.
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