Citi Sees $65 Brent in 2027 as Hormuz Flows Normalize

Citi has sharply revised down its Brent crude price forecasts after the United States and Iran signed a memorandum of understanding aimed at ending the conflict in the Gulf, with the bank now expecting Strait of Hormuz trade flows to resume and normalize in the weeks ahead. New quarterly targets place average Brent at $75 […]

Strategic Petroleum Reserve Drains to 1983 Levels as Trump Taps Supply

The U.S. Strategic Petroleum Reserve has dropped to 340.3 million barrels, its lowest point since 1983, according to federal data released Monday. An 8.9-million-barrel drawdown in a single week drove the latest decline, part of an aggressive campaign by the Trump administration to cushion the economic blow of the Iran war. Since the conflict began […]

BREAKING: B-52 Stratofortress Crashes at Edwards Air Force Base, Cause Unknown

A United States Air Force B-52 Stratofortress came down shortly after takeoff from Edwards Air Force Base, located in California’s Mojave Desert, on Monday morning. The base confirmed the incident on social media, placing the time of the crash at approximately 11:20 a.m. “A United States Air Force B-52 Stratofortress crashed shortly after takeoff on […]

Nuclear Reactors Are Booming, Now Shifts Pressure To Fuel Chain

The nuclear sector is seeing one of its strongest construction pipelines in decades as World Nuclear Association data shows 80 reactors under construction worldwide, with 88,230 MWe of capacity, the highest in history. Another 123 reactors, totaling 110,232 MWe, are listed as planned. A further 311 reactors, representing 286,394 MWe, sit in the proposed column. […]

No Tolls, Just Fees: Iran’s Hormuz Play

Iran will not charge transit tolls for ships passing through the Strait of Hormuz, but it will charge fees, and the distinction matters enormously for global energy markets. Foreign ministry spokesperson Esmail Baghaei confirmed Monday that under the newly finalized memorandum of understanding with the United States, Tehran plans to collect fees covering navigation services, […]

Anthropic Hit with Suit over Claude Max Usage Caps

A federal lawsuit filed in the Northern District of California is accusing Anthropic of misleading customers about the usage allowances on its two most expensive Claude subscription tiers, claiming the actual limits fall well short of what was advertised. Karl Kahn, a Washington, D.C.-based customer, is the named plaintiff. After starting with Claude for personal […]

Sweden’s First New Nuclear Plant in 40 Years to Use British SMR Technology

Swedish energy developer Videberg Kraft has selected Rolls-Royce SMR to build three small modular reactors on the Värö peninsula, on Sweden’s west coast, in what represents the country’s first new nuclear power plant in more than 40 years. Three reactors will be built under the Videberg Project, adding 1,500 megawatts of clean baseload electricity capacity, […]