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The DOE said the previous administration’s policies weakened the U.S. power grid, leaving Americans vulnerable during emergency events.
Threats to shipping through two major Middle Eastern waterways deepened concerns about disruptions to global energy supplies.
Offshore use of nuclear technologies has been safely used by the military for decades, the acting director of the Marine Minerals Administration said.
Biofuel company HAMR Energy is undertaking a project to convert forest waste into aviation fuel, renewable diesel, and other low-carbon liquid fuels.
BloombergNEF projects electricity use will surge from 5.9 percent as AI demand strains a struggling grid.
Industry cheers Trump administration deregulation in spurring first new reactor validations since 1973 while lobbying for faster licensing, state reciprocity.
PJM said that the cost to secure enough electricity to cover the highest-demand days on the grid would exceed $16 billion.
The latest attacks mark the fifth consecutive day of U.S. strikes targeting Iran’s ability to project force into the Gulf and attack oil tankers.
Tensions have ratcheted up after Iran attacked ships in the Strait of Hormuz and U.S. forces hit Iranian targets that threatened freedom of navigation.
Tariffs, elevated borrowing costs, and supply chain pressures are raising construction costs across the U.S. power sector, Lazard said.
Kuwait also expanded its oil production to 1.45 million barrels a day.
Fresh strikes and competing claims over control of the strait have rattled investors and slowed tanker traffic.
In April, U.S. exports of crude oil hit a record 5.6 million barrels per day.
Renewed U.S. strikes and Iranian attacks on shipping have reversed the Strait of Hormuz’s fragile recovery and heightened regional security risks.
Despite recent growth, US coal production is experiencing a steady, long-term decline as utilities shift to gas, wind, and solar.
Australia and India’s leaders also pledged to strengthen defence ties following Beijing’s ballistic missile test earlier this week.
‘This is the time to be bullish on U.S. refining,’ an executive at Phillips 66 says.
It comes amid a fragile shipping recovery in Hormuz, where traffic remains subdued and security threats continue despite the ongoing U.S.-Iran ceasefire.
The threat level remains ’substantial' despite the U.S.–Iran truce, as a fleet of 10 Japan-linked ships exited the strait after a long delay, authorities said.
The United States has become the first country in the world to achieve criticality in three unique advanced microreactor designs within a month.
