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News & Articles By Sterling Ashworth
05/14/2026
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By Sterling Ashworth
Modi Urges Fuel Conservation as Oil Shock Intensifies
Indian Prime Minister Narendra Modi on Sunday urged citizens to reduce fuel consumption by working from home and limiting travel, according to reports. “In the current situation, we must place great emphasis on saving foreign exchange,” Modi said, as quoted by Reuters [1][2]. The appeal comes as India faces mounting pressure from rising oil prices […]
05/13/2026
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By Sterling Ashworth
Trump Administration Moves to Temporarily Cut Beef Import Tariffs; Ranchers Warn of Limited Relief
The White House is preparing an executive order that would temporarily suspend the tariff-rate quota on beef imports, according to a statement provided to Reuters. The move is intended to lower domestic beef prices as U.S. cattle herds have fallen to their lowest level in 75 years and supermarket ground beef prices hover near $7 […]
05/07/2026
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By Sterling Ashworth
Bitcoin Price Tops $81,000 for the First Time Since January 2026
Bitcoin price broke above $81,000 during Asian trading hours and early U.S. hours on May 5, 2026, its highest since late January, according to a report by Micah Zimmerman for Bitcoin Magazine. [1] The move followed a first-quarter low near $60,000 in February. [2] The surge was driven by a confluence of institutional inflows into […]
05/06/2026
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By Sterling Ashworth
Chevron’s Mike Wirth Warns of Emerging Physical Shortages in Crude Oil, Asian Markets to be Hit Hard
Chevron CEO Mike Wirth said signs of physical crude oil shortages are emerging, warning that economies will need to slow as demand adjusts to constrained supply. Speaking at an event, Wirth stated, “We will start to see physical shortages,” as quoted by Reuters. He added that “demand needs to move to meet supply” and that […]
05/06/2026
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By Sterling Ashworth
UAE Withdraws From OAPEC Following Exit From OPEC Alliance
The United Arab Emirates has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), the group announced on X on Sunday, with the exit taking effect on May 1, according to [1]. The decision coincides with Abu Dhabi’s withdrawal from OPEC and the broader OPEC+ alliance on the same date. OAPEC stated, “While […]
05/05/2026
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By Sterling Ashworth
Fed Official: Iran War Limits Central Bank’s Ability to Provide Rate Guidance
Federal Reserve Bank of Minneapolis President Neel Kashkari said Sunday that the ongoing war with Iran restricts the central bank’s capacity to offer clear guidance on interest rate policy. In an appearance on CBS’s “Face the Nation,” Kashkari noted the closure of the Strait of Hormuz, a chokepoint for about 20% of global oil and […]
04/29/2026
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By Sterling Ashworth
Gallup Poll: Majority of Americans Report Declining Financial Health
A new Gallup poll released in April 2026 reveals that 55 percent of Americans believe their financial situation is getting worse, the highest percentage recorded since the survey began in 2001. The poll, conducted during the month of April, cited inflation and rising costs of essentials such as housing, groceries, and gasoline as primary concerns. […]
04/28/2026
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By Sterling Ashworth
Oil Prices Rise as U.S.-Iran Tensions Disrupt Strait of Hormuz Shipping
Oil Prices Rise After U.S.-Iran Tensions Threaten Strait of Hormuz Crude oil futures climbed sharply on Monday, April 27, as heightened U.S.-Iran tensions disrupted shipping through the Strait of Hormuz, a waterway that handles about 20% of global oil shipments, according to market data. Brent crude rose 2.9% to $108.36 a barrel, while West Texas […]
04/25/2026
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By Sterling Ashworth
Report Shows U.S. Land Prices Rose Nearly 80% Since 2019 Amid Shrinking Supply
A new analysis shows the average price of agricultural land in the United States has increased by nearly 80% since 2019, according to a report published April 22, 2026. The report, produced by an independent research firm, attributes the sharp rise primarily to a significant contraction in the amount of land available for sale and […]
04/23/2026
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By Sterling Ashworth
U.S. Treasury Secretary Acknowledges Gulf Ally Currency Swap Requests Amid Iran Conflict
Introduction U.S. Treasury Secretary Scott Bessent confirmed on Wednesday, April 22, that multiple American allies in the Persian Gulf have requested currency swap lines from Washington as economic turbulence from the ongoing war with Iran intensifies. Bessent made the comments during a Wednesday hearing before the Senate Appropriations Subcommittee on Financial Services and General Government. […]
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