The nuclear industry is capitalizing on Donald Trump’s Iran conflict, as global energy security concerns drive renewed interest in atomic power. Urenco CEO Boris Schucht declared a “nuclear renaissance” is underway, citing a record $21.3bn order book for uranium and fuel amid Middle East oil supply disruptions. He emphasized nuclear’s role as a baseload energy source independent of volatile fossil fuel markets, with utilities holding two years of fuel stocks versus weeks for oil and gas.

Europe’s strategic mistake of phasing out nuclear and Japan’s push to restart Fukushima-era reactors post-2011 disaster further underscore shifting priorities.