Closing The Strait Of Hormuz Would Deprive Iraq Of Exporting 90% Of Its Oil, With Anticipated Economic And Financial Repercussions

Baghdad Today - Baghdad:   Member of Parliament Mohammed Qutaiba Al-Bayati confirmed on Sunday (March 8, 2026) that the repercussions of the ongoing war in the Arabian Gulf region will be clearly visible on the Iraqi economy in the coming period, after the disruption of the majority of oil exports.

Opinion: US-Iran War To Shake Global Economy But Remain Short

2026-03-10     Shafaq News- Washington   The war between the United States and Iran will have broad repercussions for the global economic environment, a financial analyst told Shafaq News on Tuesday, suggesting the conflict is unlikely to last long.

According to analyst Peter Tanos, oil prices will remain elevated until political leaders reach a settlement. “The US financial system is capable of absorbing the current pressures, as its resilience allows it to withstand the war’s economic repercussions without posing a serious threat to financial stability.”

Good Morning Dinar Recaps,

BRICS Currency Strategy Expands as Alliance Pushes to Challenge Dollar Dominance

Five major financial ambitions signal long-term plans to reshape the global monetary system

Overview 

The economic bloc known as BRICS is continuing to explore multiple pathways to reduce dependence on the U.S. dollar and build alternative financial infrastructure.

USD/IQD Exchange Rates Slip In Baghdad And Erbil

2026-03-10 Shafaq News- Baghdad/ Erbil    The US dollar opened Tuesday’s trading lower in Iraq, hovering around 155,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 155,500 dinars per 100 dollars, down from the previous session’s 155,750 dinars.

Good Evening Dinar Recaps,

Emergency Oil Release Considered as G7 Moves to Stabilize Global Energy Markets

Oil prices plunge $15 in hours as major economies weigh a coordinated reserve release

Overview 

Global oil markets experienced dramatic volatility after reports that the Group of Seven (G7) is considering a coordinated release of up to 400 million barrels of crude oil from strategic reserves.

Good Afternoon Dinar Recaps,

China–Taiwan–Japan Tensions Flare Over Rare Taiwanese Leadership Visit

Beijing’s sharp response underscores the geopolitical sensitivity surrounding Taiwan’s international presence

Overview 

Tensions in East Asia escalated after Taiwan’s premier, Cho Jung-tai, made a rare visit to Japan, prompting a strong diplomatic protest from China, which accused the trip of advancing pro-independence goals.

Iraq Retrieves $9M Frozen In Italian Bank

2026-03-09  Shafaq News- Baghdad   Iraq has recovered more than $9 million in frozen government funds from Italy, the Iraq Funds Recovery Fund announced on Monday, describing the transfer as part of ongoing efforts to repatriate state assets held abroad since before 2003.