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News & Articles By Sterling Ashworth
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
White House Report Names Canada, Japan, Mexico, EU in Tariff Evasion Scheme
The White House released a report on Aug. 13 alleging that more than 40 countries, including Canada, Japan, Mexico and the European Union, have helped China sidestep U.S. tariffs by routing exports through nations that face lower American import duties, according to officials. The 25-page report, titled “The Great Transshipment Scam,” was issued by 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 […]
08/13/2026
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By Sterling Ashworth
IRS, Treasury Outline Proposed Saver’s Match Regulations for Retirement Savings Program
The Internal Revenue Service and the Department of the Treasury plan to propose regulations for a federal retirement savings incentive program, including eligibility criteria and income thresholds for qualifying for benefits, according to an Aug. 7 statement and a notice issued Friday [1][2]. Under the Saver’s Match program, eligible taxpayers can receive up to 50% […]
08/10/2026
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By Sterling Ashworth
China Expands World’s Largest Rare Earth Mine by 50% with $74M Investment
China is expanding the Bayan Obo rare earth mine in Inner Mongolia by 50% with a $74 million investment, according to project details published by China Northern Rare Earth Group (CNREG). The project is intended to increase ore processing capacity at the site, the company said. Bayan Obo is listed in official records as the […]
08/10/2026
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By Sterling Ashworth
Trump Media Dumps Two Crypto.com Ventures Amid Market Saturation and Crashing Bitcoin Holdings
Trump Media and Technology Group is pulling back from two cryptocurrency ventures with Crypto.com, according to an Axios report published Friday. The publication reported that the two deals — a prediction market and a treasury — would not go ahead. The report cited Kevin McGurn, interim CEO of fusion energy company TAE, who said the […]
08/07/2026
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By Sterling Ashworth
Putin Signs Law Establishing Regulated Cryptocurrency Market in Russia
Russian President Vladimir Putin signed the Law on Digital Currencies and Digital Rights on Tuesday, Aug. 3 – establishing a regulated cryptocurrency market in Russia, according to Russia Today (RT). The measure takes effect Sept. 1, 2026, with licensed platforms supervised by the Central Bank of Russia (CBR). Cryptocurrencies remain banned for domestic payments under the […]
08/04/2026
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By Sterling Ashworth
Forensic Accountant Alleges $1.54 Trillion in Life Insurer Reinsurance May Lack Real Backing
A forensic accountant’s review of U.S. statutory filings alleges that $1.54 trillion in affiliated reinsurance is recorded against a life insurance industry surplus of roughly $657 billion, according to documents reviewed by the analyst. The review, conducted by Tom Gober, concluded that a large portion of the credit life insurers take for reinsurance may not […]
08/03/2026
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By Sterling Ashworth
Trump Confirms Joint U.S.-Japan Yen Support, Calls Move ‘Signal of Friendship’
President Donald Trump confirmed Sunday that the United States had intervened jointly with Japan to support the yen, describing the move as a “signal of friendship.” According to the Financial Times, the U.S. Treasury coordinated with Japan for the first time in nearly three decades, with the Federal Reserve Bank of New York selling euros […]
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