Trump's Saudi Arabia Deal Could Spark a Nuclear Energy Boom

The recent deal between President Donald Trump and Saudi Arabia to allow uranium enrichment for civilian nuclear power plants has sent shockwaves through the energy sector.

This development could be a game-changer for uranium miners and nuclear energy ETFs, as it signals growing demand for low-carbon-emissions power in oil-rich countries.

The Global X Uranium ETF (URA) and VanEck Uranium and Nuclear ETF (NLR) are two prominent funds that could benefit from this trend.

The Global X Uranium ETF has delivered 20% annualized returns for the past five years, with top holdings including Cameco, NexGen Energy, and Sprott Physical Uranium Trust Fund.