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News & Articles By Sterling Ashworth
06/10/2026
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By Sterling Ashworth
U.S. Fertilizer Prices Return to Pre-Conflict Levels, But El Nino Threatens Food Inflation
Urea fertilizer prices in the United States have fallen 36% from their April peak and returned to levels seen before the U.S.-Iran conflict, according to Bloomberg Intelligence data cited by ZeroHedge. Spot prices for granular urea in New Orleans currently stand at $453 per short ton, down from $710 in mid-April. The decline provides relief […]
06/10/2026
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By Sterling Ashworth
Russia Cuts Oil Exports Amid Ukrainian Drone Strikes and Domestic Shortages
Russia is reducing crude oil exports from its western ports to approximately 1.7 million barrels per day (bpd) in June, down from an estimated 2.5 million bpd in May, according to Reuters calculations cited by industry analysts. The cutback is driven by a combination of sustained Ukrainian drone strikes on oil infrastructure, domestic fuel shortages […]
06/07/2026
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By Sterling Ashworth
U.S. Treasury Sanctions Iran’s Nobitex Crypto Exchange Amid Regional Conflict
The U.S. Treasury Department imposed sanctions on Nobitex, Iran’s largest cryptocurrency exchange, accusing it of facilitating transactions for Iran’s military, according to a Treasury statement [1]. The action, conducted by the Office of Foreign Assets Control (OFAC), blocks all assets held by the exchange under U.S. jurisdiction and prohibits U.S. persons from engaging in transactions […]
06/07/2026
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By Sterling Ashworth
U.S. Oil Shocks Have Muted Impact on Employment, Fed Study Finds
A new study from the Federal Reserve Bank of Boston has found that oil price shocks add less to inflation than in the 1970s and that their effect on employment has largely vanished. Researchers estimated that a 33% price shock tied to the current war with Iran would add about 1.5 percentage points to inflation […]
06/02/2026
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By Sterling Ashworth
Gold Drops Nearly 2% as Middle East Tensions Fuel Rate Hike Expectations
Gold fell nearly 2% on Monday – testing the $4,500 per ounce level – according to market data, as renewed U.S. military strikes on Iranian sites intensified expectations that the Federal Reserve will keep interest rates elevated. Three-month futures in New York also dropped, holding just above $4,500 per ounce. Overnight, U.S. forces carried out airstrikes on […]
05/21/2026
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By Sterling Ashworth
U.S. Crude Inventories Fall 9.1 Million Barrels, Nearly Three Times Larger Than Expected
The American Petroleum Institute estimated that U.S. crude oil inventories fell by 9.1 million barrels in the week ending May 15, according to a report. Analysts had forecast a draw of 3.4 million barrels, making the decline nearly three times larger than expected. The drop marks the second consecutive weekly decline after a 2.188 million […]
05/19/2026
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By Sterling Ashworth
Former Italian PM Draghi: U.S. Policies Leave Europe ‘Truly Alone Together’
Former European Central Bank chief and former Italian Prime Minister Mario Draghi stated on May 15, 2026, in Aachen, Germany, that U.S. policies under President Donald Trump have left Europe “truly alone together” and unable to rely on Washington as its primary security guarantor [1]. Draghi made the remarks while being awarded the Charlemagne Prize […]
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 […]
05/06/2026
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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 […]
05/05/2026
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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 […]
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