EnergyReader · 2026-08-09 03:13

Trump's Saudi Nuclear Deal Lifts Uranium ETFs Ahead of Congressional Review

By EnergyReader Newsroom · August 9, 2026

Global X Uranium ETF (URA) added 3.64% at Friday's (2026-08-07) close to $44.91, extending gains that have built since President Trump announced on July 22 a deal to allow Saudi Arabia to enrich uranium domestically for civilian nuclear power. Congress has not approved the agreement. Critics have flagged the risk that it could give Riyadh capabilities applicable beyond the civilian sector, given its strategic competition with Iran.

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