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News & Articles By Sterling Ashworth
08/20/2026
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By Sterling Ashworth
Saudi Arabia Imposes New Restrictions on Bank Transfers to UAE, Report Says
Saudi Arabia has imposed new restrictions on bank transfers to the United Arab Emirates (UAE), according to a report by Middle East Eye published August 18, 2026 [1]. The measures, which tighten oversight of financial transactions between the two Gulf nations, mark the latest sign of rising tensions between Riyadh and Abu Dhabi, officials said […]
08/19/2026
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By Sterling Ashworth
IATA: Middle East Airlines Projected to Post $4.3B Net Loss in 2026
Airlines operating from the Middle East are projected to post a $4.3 billion net loss in 2026, a swing from a $7.2 billion net profit in 2025, according to the International Air Transport Association’s (IATA) June outlook as reported by Middle East Eye (MEE) [1][2]. The forecast follows the Feb. 28, 2026, air strikes launched […]
08/18/2026
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By Sterling Ashworth
Bessent warns of “never-before-seen” economic isolation for Iran as U.S. blocks ports
Treasury chief announces new punitive measures Treasury Secretary Scott Bessent has warned that Washington will impose economic isolation on Iran “the world has never seen before,” according to a report from Middle East Eye published Aug. 14. The same report said the United States remains unable to break Iran’s grip on the Strait of Hormuz […]
08/18/2026
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By Sterling Ashworth
Iran Stands Firm on Strait of Hormuz as Trump Warns Americans of Higher Gas Prices
Iran’s Deputy Foreign Minister Kazem Gharibabadi said early Saturday that the Strait of Hormuz “will be opened and closed only under Iran’s command” and that Tehran would keep enforcing its blockade until Washington accepts “the reality of defeat,” according to his post on X. The statement reflected a broader Iranian calculation that military pressure can […]
08/14/2026
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By Sterling Ashworth
Gasoline Prices Hold Near $4 Per Gallon as Iran Conflict, Refining Issues Hit Supply
The U.S. national average for a gallon of regular gasoline has held near $4 as the war with Iran disrupts shipping through the Strait of Hormuz and refiners contend with tightening supply, according to industry data. As of Aug. 3, the average for 87-octane gasoline stood at $4.09, marking the second consecutive week above the […]
07/28/2026
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By Sterling Ashworth
Gulf States Borrow $112 Billion to Bypass Hormuz Amid Iran War
Introduction Persian Gulf states have borrowed a record $112 billion in international debt markets this year to finance infrastructure aimed at bypassing the Strait of Hormuz, according to a report citing Bloomberg-compiled data. The borrowing surge follows the closure of the strait in February after the start of the US-Israeli war on Iran, which has […]
07/27/2026
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By Sterling Ashworth
Gold and Silver Prices Plunge as Middle East Conflict Drives Oil Toward $100
Gold and silver prices fell sharply on July 23 as escalating Middle East hostilities pushed crude oil toward $100 per barrel and hardened expectations that the Federal Reserve will resume raising interest rates, according to market data. Comex gold for August delivery traded at $4,059.50 an ounce (oz), down 2.4% from the previous close, after […]
07/24/2026
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By Sterling Ashworth
U.S. Gasoline Prices Climb Back Above $4 Per Gallon Amid Middle East Conflict
The national average price for a gallon of regular gasoline in the United States climbed back above $4 on July 20, 2026, according to American Automobile Association data. The average stood at $4.0030, marking a return to a level that analysts describe as a politically sensitive threshold for American consumers. [6] The increase followed a […]
07/23/2026
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By Sterling Ashworth
Bitcoin Price Nears $67,000, Lifting Crypto Stocks Amid Geopolitical Tensions
Bitcoin rose to approximately $66,886 on Tuesday, July 21, gaining nearly 3 percent in 24 hours and close to 6 percent over the prior seven days, according to market data. The advance pushed the digital asset to its highest level in more than a month, lifting shares of several Nasdaq-listed cryptocurrency companies. Strategy Inc. (MSTR), […]
07/20/2026
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By Sterling Ashworth
CNBC Survey: Majority Pessimistic on Economy; Trump Approval Remains Low
A majority of registered voters are pessimistic about the economy, with the highest level of gloom seen since the end of 2023, according to the latest CNBC All-America Economic Survey released July 17. The survey of 1,000 registered voters nationwide, with a margin of error of plus or minus 3.1 percentage points, found that 61 […]
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