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Oklo, X-Energy Join $200 Million Federal Nuclear Push For AI: Bloomberg
Bloomberg reports that reactor developers Oklo and X-energy are joining a $200 million Trump administration-led program designed to speed new nuclear power plants for artificial intelligence data centers.
Details could be announced Wednesday at a Department of Energy AI energy summit. Microsoft and Nvidia are also involved in the previously announced initiative, while several DOE national laboratories and the University of Texas at Austin are slated to share $60 million over three years, according to a document seen by Bloomberg.
“Among the goals of the latest initiative are steep reductions in time needed to design, license and build new plants, as well as cuts in the number of staff needed to run them”
X-energy jumped as much as 12% after hours, while Oklo gained as much as 9.9%.
The program reportedly targets steep reductions in the time and workforce required to design, license, build and operate reactors. It would join a rapidly expanding federal nuclear support stack:
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Westinghouse fleet program: At least $80 billion of aggregate project value for new AP1000 reactors, with the government arranging financing and facilitating approvals.
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US-Japan partnership: Up to $40 billion of Japanese-backed investment for GE Vernova Hitachi BWRX-300 projects in Tennessee and Alabama.
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Gen III+ SMRs: $800 million in cost-shared DOE awards, split between TVA’s BWRX-300 project and Holtec’s SMR-300 project.
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Reactor Pilot Program: An expedited DOE authorization pathway for 11 initial projects, with developers responsible for project costs.
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Advanced Reactor Demonstration Program: Roughly $3.2 billion in federal cost-share commitments for TerraPower’s Natrium and X-energy’s Xe-100 demonstrations.
Compared with those capital-heavy programs, the new $200 million effort appears aimed at a different choke point: potentially using AI, federal labs and industry partnerships to compress the paperwork and engineering timelines standing between reactor designs and power-hungry data centers.
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India Keeps Buying Russian Oil At Near-Record Pace Despite Expired Waiver
Authored by Tsvetana Paraskova via OilPrice.com,
India's crude oil imports have remained close to record-high levels in July despite the end of the U.S. waiver the previous month.
The U.S. quietly let the waiver allowing the purchase of Russian oil loaded on tankers expire on June 17, just as the U.S. and Iran signed the memorandum of understanding to continue negotiations on a deal.
Yet, Indian imports of Russian crude has continued to flow in July, many of which may have been cargoes that were arranged during the window covered by the U.S. waiver.
So India's imports of crude oil from Russia have averaged 2.45 million barrels per day (bpd) so far this month, according to data by Kpler cited by Indian media.
The July imports from Russia are not far off the record high level of 2.64 million bpd in June, when India boosted purchases from Russia, encouraged by the U.S. waiver that has been extended by a month a few times since March.
The Iran war and the Hormuz crisis further cemented Russia's position as the single largest crude oil supplier to India
So far in July, the United Arab Emirates (UAE) has ranked second, supplying an average of 617,000 bpd, while Saudi Arabia has been India's third largest supplier with 586,000 bpd in early July, per Kpler data.
The UAE and Saudi Arabia have workarounds to ship crude from terminals outside the Strait of Hormuz.
Saudi Arabia has redirected most of its shipments to the Yanbu export port on the Red Sea, while the UAE has relied on a pipeline to Fujairah and ship-to-ship transfers on tankers offshore Oman and the UAE east of the Strait of Hormuz.
Going forward, Russian crude will remain a key source of oil supply for India even if the U.S. doesn't renew the waiver for Russian crude already loaded on tankers, analysts say.
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Ukraine's Army Chief Latest To Fall Victim To Zelensky's Risky Reshuffle
Zelensky strikes again in another major military firing, amid his promised big cabinet and military 'reshuffle'.
The Ukrainian president announced Tuesday that he was dismissing Oleksandr Syrsky, commander-in-chief of country's army, and appointing joint forces commander Mykhailo Drapaty in his place. Syrsky was in the post for nearly two-and-a-half years, since February 2024.
Now former Commander-in-Chief of Ukraine’s Armed Forces, Colonel General Oleksandr Syrsky"I have decided that the new Commander-in-Chief of the Armed Forces of Ukraine will be Mykhailo Drapaty... I am grateful to Oleksandr Syrsky and to each of our warriors for Ukraine's strong front-line positions," Zelensky unveiled in a post on Telegram.
The decision comes just days after popular 35-year old defense minister Mykhailo Fedorov was sacked, despite his reputation for orchestrating the ramped-up drone war on Russia.
And the defense chief's removal had come soon on the heels of Prime Minister Yulia Svyrydenko's surprise ousting last week, upon which Zelensky in a suggested a broader government overhaul was underway. "Ukraine is changing its political strategy," he made clear.
President Zelensky's Tuesday evening address included mention that he had offered former defense minister Mykhailo Fedorov a "decent post" to oversee the technological component of the state.
The remark of taking care of Fedorov is a clear attempt to calm masses of Ukrainians who took to the streets in a rare wartime protest over his shock removal.
Zelensky has said he is doing all of this as part of a new strategy to take the war to Russia and its territory.
"A significant path has been walked, Ukraine’s defense continues, and every soldier deserves proper respect," Zelensky said. "I am grateful to Oleksandr Syrsky and to every one of our soldiers for Ukraine’s strong front-line positions."
"Tomorrow we will formalize all decisions. Ukraine must emerge from this situation stronger, and it will become harder for Russia," he said.
The past week has witnessed some high drama within the top echelons of defense ranks, as Kyiv Post explains:
Fedorov said after his dismissal that he had pushed for Syrsky’s removal, accusing the commander-in-chief of blocking military reforms, and calling for changes in the military’s top leadership while defending his own record on robotics, drones and air defense. Under Fedorov’s tenure, Ukraine deepened its reliance on unmanned systems for dangerous frontline missions. Since January, the military has carried out more than 50,000 logistics and evacuation missions using ground robotic complexes (GRCs) in order to preserve soldiers’ lives in high-risk situations.
In a rare personal column, Syrsky broke silence and apologized to ousted Fedorov, saying he had no knowledge of their conflict before it spilled into public view. “For me, it was a surprise to learn that the minister and I had a conflict. I saw our relationship as a working one, with difficult questions and different positions” Syrsky wrote. “If I offended someone with something: Mykhailo Albertovych [Fedorov], I’m sorry. I can be tough,” he continued.
When you've lost The Economist...
Ukraine’s government is in a crisis of its own making. Firing Mykhailo Fedorov, the reformist defence minister, has galvanised street protests. Calls to push out Oleksandr Syrsky, the commander-in-chief (pictured), who feuded with Mr Fedorov, are growing. Volodymyr Zelensky must… pic.twitter.com/Hr4SUNUlwM
— The Economist (@TheEconomist) July 20, 2026All of this raises serious questions for Ukraine's current narrative that it now has the momentum against Russia. If things are going so well, then why undergo risky and drastic leadership changes.
It could be that things are actually not going well and the nature of Ukraine's drone warfare is necessarily limited in scope. It might get media-capturing hits on Russian oil depots, but Russian forces by many accounts keep grinding forward slowly and methodically on the front lines in the east.
Tyler Durden Tue, 07/21/2026 - 20:30