Uranium ETFs Slip on Warnings of an Ongoing War In Iran
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Uranium ETFs declined on Thursday following warnings from the Trump administration about the ongoing war in Iran, which may last several more weeks. The conflict has led to rising oil prices and increased interest in nuclear power, although projects are years away from completion. On Thursday, Global X Uranium ETF (URA) fell 1.2%, NorthShore Global Uranium Mining ETF (URNM) dropped 1.05%, Sprott Junior Uranium Miners ETF (URNJ) decreased by 2.54%, and VanEck Uranium + Nuclear Energy ETF (NLR) declined 0.57%.
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