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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 […]
08/20/2026
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By Sterling Ashworth
Bitcoin Passes $68,000 After U.S. Treasury Doubles Debt Buybacks
Bitcoin rose above $68,000 on Wednesday, gaining nearly 3 percent in a 24-hour period after the U.S. Treasury Department announced it would more than double the size of its government debt repurchases, according to price data cited by Bitcoin Magazine. Bitcoin traded at $68,473 at 10:30 a.m. in New York after briefly touching $68,982, the […]
08/20/2026
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By Sterling Ashworth
U.S. Ground Beef Sales Decline as Prices Hold Near Record Highs, Data Show
U.S. ground beef sales volumes declined 0.3% in the 13 weeks through mid-July, according to data from Chicago-based market research firm Circana, as reported by Bloomberg. Volumes had risen about 5% during the same period in each of the previous two years. The drop occurred during the peak grilling season around Memorial Day and July Fourth, […]
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 […]
08/17/2026
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By Sterling Ashworth
Morocco Thwarts Attempt by Hundreds of Migrants to Enter Spanish Ceuta, Reports Say
Moroccan security forces prevented hundreds of migrants from illegally entering the Spanish autonomous city of Ceuta, Spanish media reported Saturday, citing sources in Moroccan security agencies [1]. The operation occurred near the Moroccan border town of Fnidek, according to the reports, with forces dispersing the migrants in a mountainous area southwest of Ceuta [1]. The […]
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 […]
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