Middle East energy risks are shifting toward Bab el-Mandeb as Houthi forces expand control near the key Red Sea chokepoint. Shipping through the strait is already sharply reduced, adding another threat to oil and fuel flows. #Oil# #RedSea# #EnergySecurity#

Fortum is seeking Swedish state aid for a new 1.2–3.4 GW nuclear plant at Oskarshamn. Sweden wants two new reactors by 2035 and 10 by 2045, backed by state loans and power-price guarantees. #NuclearEnergy# #Sweden# #EnergySecurity#

In this interview with Reuters, our CEO Boris Schucht called for more certainty in the European Union over its approach to Russian #nuclear# fuel. Boris said it was difficult to make investment decisions when it was still unclear of the role Russia would play as a supplier in the long term. This was ultimately a decision for policymakers, he said, but greater clarity on the implementation of REPowerEU and the future role of Russian nuclear fuel would send a clear signal to the market. The US and UK have already taken legislative steps to reduce reliance on Russian uranium in the nuclear fuel supply chain by 2028. More here: #EnergySecurity# #EnergyIndependence# #Nuclear# #Energy#

Top #energy# news: - Europe’s gas stocks heading for 15-year low - Lessons from China’s industrial transformation - Nations act on energy security Click to read more: #ETI26#

Pressure on energy prices, AI investment and greater spending on defense and energy security are intensifying competition for capital. Explore the October update of the BlackRock Geopolitical Risk Dashboard 👉