Uranium ETFs Slip as the War In Iran Escalates

FomoAnxiety · 2026-03-12T18:58:45+00:00

Uranium ETFs experienced a decline amid geopolitical tensions and heightened oil demand due to the ongoing conflict with Iran. Investors are shifting focus to oil drilling, sidelining nuclear energy and uranium investments for now.

FomoAnxiety

2026-03-12 18:58:45

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Uranium exchange-traded funds (ETFs) were down on Thursday, as the ongoing conflict with Iran continues to cause volatility in the stock market. The conflict between the U.S. and Iran, fueled by attacks on Israel by the latter, has heated up lately. That includes promises from Iran’s new leader that those killed in missile strikes will be avenged.

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With the war in Iran ongoing, so are problems with energy resources. The Middle East is a prime source of crude oil, and the war has made it more difficult to export this energy source to other countries. This has kicked up the need for crude oil, resulting in major demand. There have also been some suggestions for regulatory changes to increase oil drilling in the U.S. to make up for the loss of crude oil from the Middle East.

Unfortunately, this has pushed interest in uranium ETFs to the side. While nuclear energy is still a strong candidate as an alternative to crude oil, it will take time for new nuclear reactors to be built. This means more focus has been put on oil drilling, as the infrastructure for this is already present in the U.S. Investors have noticed this as well, which could result in a shift away from investing in nuclear energy stocks until the war is over.

Uranium ETFs Slip on Thursday

Here’s how uranium ETFs moved today:

Global X Uranium ETF URA -0.18% ▼ was down 0.74% as of this writing.
NorthShore Global Uranium Mining ETF URNM -0.37% ▼ fell 0.83% today.
Sprott Junior Uranium Miners ETF URNJ -0.99% ▼ slipped 2.04% this afternoon.
VanEck Uranium + Nuclear Energy ETF NLR +0.62% ▲ was up 0.01% on Thursday.

Which Is the Best Uranium ETF?

Turning to the TipRanks ETF comparison tool, traders can learn more about the top uranium ETFs. That includes which one is the best investment. A favorite of investors is Global X Uranium ETF, with its $6.98 billion AUM, 0.69% expense ratio, 4.06% dividend yield, and 115.44% rally over the past 12 months.

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