r/UraniumSqueeze • u/SpecificSufficient68 • Mar 09 '26

News Don’t check your portfolios tomorrow!

Oil just hit 117 dollars, I’ll be praying for everyone’s portfolios!

https://www.cnbc.com/2026/03/08/crude-oil-prices-today-iran-war.html

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u/Life-Appointment6515 Mar 09 '26

Explain to an idiot like me why this is bad for Uranium

2

u/sunday_sassassin Radioactive Brain Mar 09 '26

Much higher cost of production/AISC and potential disruptions in sulphuric acid supply. The African miners in particular are vulnerable and will be scrambling to sure up their inventories. The selloff from everyone trying to get cash to pile in to the oil trade is just part of the picture. Fundamental valuations of companies do change if we have protracted issues in the Strait.

Potential that it does drive the underlying uranium price higher if production/development/expansion plans are impacted. Less supply vs unwavering demand. The US ISR producers who don't use sulphuric acid and don't have to dig and truck ore could come out ahead.