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News & Articles By Sterling Ashworth
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
U.S. Admiral Highlights Bitcoin’s Cybersecurity Applications in Senate Testimony
WASHINGTON — U.S. Navy Admiral Samuel Paparo called Bitcoin a “valuable computer science tool” for U.S. “power projection,” stating its proof-of-work technology has “really important” applications for cybersecurity, according to testimony delivered during a Senate Armed Services Committee hearing on April 22, 2026. The hearing examined the strategic posture of U.S. forces concerning threats from […]
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 […]
04/23/2026
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By Sterling Ashworth
U.S. Treasury Secretary Acknowledges Gulf Ally Currency Swap Requests Amid Iran Conflict
Introduction U.S. Treasury Secretary Scott Bessent confirmed on Wednesday, April 22, that multiple American allies in the Persian Gulf have requested currency swap lines from Washington as economic turbulence from the ongoing war with Iran intensifies. Bessent made the comments during a Wednesday hearing before the Senate Appropriations Subcommittee on Financial Services and General Government. […]
04/22/2026
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By Sterling Ashworth
Scammers Target Stranded Ships in Strait of Hormuz with Crypto Demands, Risking Sanctions
Introduction Fraudulent actors posing as Iranian authorities have reportedly sent messages to shipping companies whose vessels remain stranded west of the Strait of Hormuz, demanding payment in cryptocurrency for safe passage, according to a maritime risk firm [1]. On Monday, April 20, maritime risk company Marisks issued a warning saying unknown groups had contacted shipowners […]
04/21/2026
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By Sterling Ashworth
U.S. Treasury Extends Russian Crude Oil Sanctions Waiver Through May
The U.S. Department of the Treasury (USDT) has extended a sanctions waiver permitting transactions involving Russian crude oil through mid-May 2026, according to an official document issued on Friday, April 17. The extension, designated as General License 86E, allows for the delivery and sale of Russian crude and petroleum products loaded onto vessels as of that […]
04/20/2026
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By Sterling Ashworth
Bitcoin Price Tops $77,000 Amid Strait of Hormuz Reopening Announcement
The price of Bitcoin surpassed $77,000 early Thursday following announcements from Iran and former U.S. President Donald Trump regarding the reopening of the Strait of Hormuz. The cryptocurrency’s rally was attributed to a reduction in geopolitical risk after Iran declared the critical waterway fully open under a new ceasefire framework. The surge pushed Bitcoin back […]
04/16/2026
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By Sterling Ashworth
Global Energy Disruption From Iran Conflict Boosts China’s Dominance in Clean Technology Sectors
A conflict involving Iran and the resulting disruption to a major portion of Asia-bound oil and gas shipments through the Strait of Hormuz is accelerating a global shift toward renewable energy and electric vehicles, according to energy analysts. This market instability is poised to benefit Chinese industry, which holds a dominant position in these clean […]
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