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News & Articles By Sterling Ashworth
07/19/2026
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By Sterling Ashworth
China’s Oil Inventory Draw Reshapes Global Crude Market During Iran Conflict
China drew 41 million barrels from crude inventories in June, one of the largest monthly draws on record, according to the International Energy Agency. The draw allowed Chinese refiners to meet domestic demand from storage rather than increasing imports, easing pressure on global oil supplies during the conflict in Iran. The Middle East conflict has […]
07/18/2026
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By Sterling Ashworth
China’s Oil Imports Plunge 40% as Conflict Flares in Strait of Hormuz
China’s crude oil imports fell 41% in June to 29.27 million tonnes, the lowest monthly volume since October 2016, according to data released by Chinese customs on Tuesday. The world’s largest oil importer purchased an average of 11.6 million barrels per day last year, more than the combined imports of France, the United Kingdom and […]
07/18/2026
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By Sterling Ashworth
Gold Prices Decline as U.S.-Iran Tensions and Fed Rate Hike Expectations Weigh on Market
Gold prices fell sharply on June 24, 2026, as renewed hostilities between the United States and Iran combined with growing expectations of a Federal Reserve interest rate hike prompted investors to reassess macroeconomic risks, according to market reports. Spot gold dropped 3.4% to $3,978.67 an ounce, its first move below $4,000 since November 2025, as […]
07/17/2026
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By Sterling Ashworth
Copper Crisis Deepens: IEA Warns of Acid Shortfall, Supply Cuts, and a 25% Deficit by 2035
The International Energy Agency’s Global Critical Minerals Outlook 2026 states that the short- and medium-term copper supply outlook has worsened considerably, driven by a copper supply shortage that threatens over 15% of global copper output produced via leaching. The Paris-based agency warned that the copper market faces a strong set of near-term challenges despite a […]
07/15/2026
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By Sterling Ashworth
Wall Street Firms Draft Contingency Plans Amid Saudi-UAE Rift, Report Says
Major financial institutions on Wall Street are preparing contingency plans for potential market disruptions arising from the widening rift between Saudi Arabia and the United Arab Emirates, according to a report from Middle East Eye. The tensions, rooted in policy disagreements over oil production and regional influence, have raised concerns among investors about stability in […]
07/11/2026
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By Sterling Ashworth
Danish PM Says Greenland “Not for Sale” as Trump Revives Annexation Threat
Danish Prime Minister Mette Frederiksen reiterated that Greenland is not for sale after U.S. President Donald Trump renewed calls for American control over the autonomous Danish territory at the recently concluded North Atlantic Treaty Organization (NATO) summit in Turkey’s capital Ankara. Trump stated during a bilateral meeting with Turkish President Recep Tayyip Erdogan that Greenland […]
07/10/2026
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By Sterling Ashworth
Businesses Report Blocked Payments From Saudi Arabia to UAE Amid Political Tensions
Saudi Arabia has reportedly delayed or blocked money transfers to accounts in the United Arab Emirates since mid-May, according to sources cited by the Financial TimesĀ (FT). The reports have raised concerns that a widening political rift between the two Gulf neighbors is now affecting commercial ties. One Western executive at a Dubai-based healthcare company told […]
06/22/2026
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By Sterling Ashworth
Russia’s Central Bank: End of Middle East Conflict Would Reduce Inflation Risks
The conflict in the Middle East poses inflationary risks to the Russian economy, and these risks would subside if the conflict ends, Central Bank of Russia (CBR) Gov. Elvira Nabiullina said on June 20, 2026. During a press conference, Nabiullina stated that the longer the conflict continues, the greater the pro-inflationary risk becomes, according to […]
06/17/2026
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By Sterling Ashworth
Oil Prices Crash as Traders Bet the War Is Over
Brent crude futures fell below $79 per barrel on Tuesday, its lowest level since March, according to a report by Julianne Geiger for Oilprice.com. The decline followed the United States and Iran digitally signing a peace agreement that includes the reopening of the Strait of Hormuz and the immediate return of Iranian oil sales to […]
06/15/2026
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By Sterling Ashworth
EU Military Buildup Financed Through Debt, Social Spending Cuts, Officials Say
European Union member states are increasing defense budgets to levels exceeding prior plans, according to national budgets and European Commission data. The increases occur alongside record government debt across the euro zone, with some countries implementing social spending cuts, officials said. The cumulative debt-to-GDP ratio of the euro zone is projected to surpass 90% next […]
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