Aalo-X Gets the Approval to Turn On the Aalo-X Critical Test Reactor Secretary Chris Wright Signs the Critical Notice – A Landmark Milestone for U.S. Advanced Nuclear and AI Power

In a powerful symbol of America’s accelerating nuclear renaissance, U.S. Secretary of Energy Chris Wright visited the Aalo-X campus next to Idaho National Laboratory (INL) on June 25, 2026, and signed the final authorization allowing Aalo Atomics to turn on its Aalo-X Critical Test Reactor (CTR). This marks the final regulatory step before fuel loading […]

Continue Reading

Iraq Set to Accelerate Hormuz Bypass

As tensions flare once again around the Strait of Hormuz—with recent incidents including a vessel struck off Oman’s coast and Iranian Revolutionary Guard warnings—Gulf oil producers are racing to secure alternative export routes. While the strait has historically carried nearly 20% of global seaborne oil trade, Iraq is moving decisively to reduce its vulnerability through […]

Continue Reading

Phillips 66 CEO Mark Lashier warned of greater refining and petrochemical earnings volatility from Hormuz disruptions

Phillips 66 Chairman and CEO Mark Lashier issued a clear warning on June 24, 2026, at the Reuters Global Energy Forum in New York: refining and petrochemical earnings face greater volatility due to ongoing uncertainty from disruptions in the Strait of Hormuz. Lashier highlighted how uncertainty in crude supply and shipping lanes causes refining margins […]

Continue Reading

Energy Security Starts at Home: New and Refilled SPR Storage Could Drive Billions of Barrels of Oil Demand

The recent closure of the Strait of Hormuz and the resulting stranding of over 10 million barrels per day of crude from the Persian Gulf served as a stark wake-up call for import-dependent nations worldwide. In response, countries are racing to expand strategic petroleum reserves (SPR) and commercial storage capacity for both oil and LNG. […]

Continue Reading