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Oil prices ticked down after Iran and Israel halted mutual attacks, even though there remains little sign of progress toward a full reopening of the Strait of Hormuz.
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The last time the SPR was this low was in 1983, only a few years after it started being filled.
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🟡 Exclusive: Uranium mining market heats up amid nuclear-powered data centers bet
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The SPR is about to cross two important thresholds. The first is that this week, it will likely dip below the low point hit during the Biden administration, which authorized the biggest SPR drawdown in history following the 2022 invasion of Ukraine.
The government wants to construct a network of “computing hubs,” Bloomberg reported. “The primary beneficiary of the plan is the economy as a whole,” an analyst wrote, given Beijing’s push to integrate AI across sectors to boost productivity.
