Iran has firmly rejected U.S. statements regarding control over the Strait of Hormuz. Authorities in Tehran say they will maintain their hold on the vital maritime passage. Recent remarks from Washington about taking over the water lane sparked quick pushback. High tension near the critical…

World Liberty Financial has cleared a major step toward opening a national trust bank in the United States. The Office of the Comptroller of the Currency, known as the OCC, gave preliminary conditional approval to World Liberty Trust Company on August 14. The proposed bank…