Nuclear energy gains momentum as Middle East tensions boost uranium demand and investment.

Amid ongoing Middle East conflicts disrupting oil supplies, nuclear energy is emerging as a stable alternative, driving increased investments in uranium and nuclear power. John Ciampaglia, CEO of Sprott Asset Management, highlights that uranium supply remains unaffected by geopolitical tensions, making nuclear energy a key diversification strategy. The surge in electricity demand, partly due to AI development, is prompting major tech firms to back nuclear projects, including new and restarted reactors. Investors can access this growing sector through the Sprott Uranium Miners ETF (URNM), which has delivered an 11.56% return year-to-date as of May 31, 2026.