Uranium ETFs Slip as U.S. Resumes Peace Talks With Iran

Uranium ETFs fell on Monday despite reports that the U.S. and Iran are advancing talks to end the war involving Iran. According to the latest news, President Trump’s administration is closing in on peace talks with Iran. This comes after negotiations last week ran into trouble, as Iran reportedly rejected the conditions laid out by the U.S. The latest peace talks between the U.S. and Iran are set to take place in Pakistan.

A key point in these peace talks is the reopening of the Strait of Hormuz. This is a major shipping route of oil for the U.S. and other countries. With the war, attacks in the region have increased, which has caused supply issues in the energy sector. This prompted many countries to consider alternatives to traditional fuel.

This is where uranium ETFs come into play. Growing interest in alternative fuel sources has increased demand for nuclear power. The U.S., alongside several other countries, has promised to increase its reliance on nuclear energy. However, it’s possible that those plans might slow if the oil supply chain issue is solved by the peace talks between the U.S. and Iran.

Uranium ETFs Slip Today

Here’s how uranium ETFs moved on Monday.

• Global X Uranium ETF (URA) was down 2.25% today.
• Sprott Junior Uranium Miners ETF (URNJ) fell 1.89% as of this writing.
• NorthShore Global Uranium Mining ETF (URNM) dipped 1.71% this afternoon.
• VanEck Uranium + Nuclear Energy ETF (NLR) slipped 2.02% on Monday.

Which Uranium ETF Is the Best Investment?

Traders considering a stake in a uranium ETF will want to check out the TipRanks’ ETF comparison tool. This offers insight into each of these ETFs and allows for easy comparisons of them. For example, traders can see that Global X Uranium ETF stands out among its peers with an AUM of $6.5 billion, expense ratio of 0.69%, dividend yield of 4.47%, and a year-over-year increase of 103.45%.