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News & Articles By Sterling Ashworth
05/14/2026
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By Sterling Ashworth
Appeals Court Restores Trump’s 10% Global Tariff Plan Pending Legal Challenge
A federal appeals court on May 12, 2026, reinstated President Donald Trump’s 10% global tariff plan, lifting a previous injunction that had blocked its implementation while litigation continues. The ruling by the U.S. Court of Appeals for the Federal Circuit allows the tariffs to take effect within 10 days, according to the court order, unless […]
05/14/2026
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By Sterling Ashworth
U.S. Releases 53 Million Barrels From Strategic Petroleum Reserve Amid Rising Gas Prices
The U.S. Department of Energy (DOE) announced Monday, May 11, that it will loan 53 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated gas and oil prices amid the conflict with Iran, according to a DOE news release. [1] Deliveries will begin immediately, […]
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 […]
05/06/2026
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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 […]
04/28/2026
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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 […]
04/27/2026
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By Sterling Ashworth
U.S. Authorities Freeze $344M in Crypto Linked to Iran
U.S. Treasury Secretary Scott Bessent announced on Friday that the department’s Office of Foreign Assets Control (OFAC) has frozen $344 million in cryptocurrency linked to Iran. The move, announced via a post on X, is part of ongoing U.S. efforts to disrupt Tehran’s ability to generate, move, and repatriate funds, according to Bessent. “We will […]
04/24/2026
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By Sterling Ashworth
Japan Requests Additional Oil Supply from Saudi Arabia Amid Strait of Hormuz Disruption
Japanese Prime Minister Sanae Takaichi formally requested that Saudi Arabia expand energy deliveries to Japan during a telephone call with Saudi Crown Prince Mohammed bin Salman on Thursday, April 23, 2026, according to a statement from the Japanese prime minister’s office. [1] The request is a direct response to a severe supply crunch caused by […]
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