The Canary In The Coal Mine In The Treasury’s God-Awful Annual Report

Notes From the Field By James Hickman (Simon Black)  March 25, 2026

A few days ago, the United States Treasury Department quietly published the “Financial Report of the United States Government for fiscal year 2025”. No press conference. No prime-time coverage. Just a PDF uploaded to a government website.  It is, arguably, the most important financial document published in the country each year— the government's own accounting of what it owns versus what it owes.

Good Morning Dinar Recaps,

GLOBAL POLICY SIGNALS SHIFT: CENTRAL BANKS AND ENERGY MARKETS DRIVE SYSTEM-LEVEL UNCERTAINTY

Fresh economic signals, policy positioning, and energy market movements point to growing pressure within the global financial system.

Israel Approves A Record Budget Of Approximately $271 Billion

Money and Business   Economy News - Follow-up   The Israeli Knesset on Monday approved the largest budget in Israel’s history, worth 850.6 billion shekels (about $271 billion), in a crucial vote that averted early elections that would have been imposed if it had not been approved before the legal deadline.

Good Afternoon Dinar Recaps,

Oil Chokepoint Crisis: Strait of Hormuz Talks Signal Urgent Push to Stabilize Global Energy Flows

Regional powers move quickly to reopen one of the world’s most critical shipping lanes as geopolitical tensions threaten energy markets.

Calls For The Enactment Of The Oil And Gas Law Within A Constitutional Framework

Baghdad: Muhannad Abdul Wahab  The passage of the oil and gas law is a pivotal step towards regulating the management of national wealth in Iraq and ensuring a fair distribution of revenues between the federal government and the regions, while preserving the sovereignty of the state and the rights of all Iraqis.

Good Morning Dinar Recaps

Global Financial Shift Accelerates: Policy, Payments, and Power Realignment in Focus

Fresh developments signal that the evolution toward a new global financial framework is gaining momentum.

Iraq Held 5.2% Of Global Oil Output In 2025

2026-03-  Shafaq News- Baghdad   Iraq ranked second among Arab oil producers in 2025 with a 5.2% share of global output, according to Visual Capitalist.

Saudi Arabia led with 11.26%, followed by the UAE (4.52%), Kuwait (3.05%), and Libya (1.61%). Qatar (1.55%), Algeria (1.35%), and Oman (1.18%) came next, followed by Egypt (0.60%), Bahrain (0.22%), and Syria (0.09%).

Good Afternoon Dinar Recaps

The Fourth Option: Global Finance Evolves Beyond Single-Currency Dominance

A structural shift emerges as trade, energy, and infrastructure redefine how value moves across the global system

Overview (Key Points)

Global finance is undergoing a quiet but powerful transformation, moving away from single-currency dominance toward a more distributed, multi-layered system.

Saleh: Non-Oil Revenues Are Key To The Sustainability Of The Iraqi Economy In The 2026 Budget.

Money and Business   Economy News – Baghdad   The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Saturday that the 2026 budget is a test of the economy’s ability to adapt to external shocks, while noting that boosting non-oil revenues is key to economic sustainability in Iraq.

Saleh said: “Fiscal policy undoubtedly faces exceptional challenges in preparing the federal general budget for 2026, in light of the rapid regional developments and the fluctuations in the oil export file, the main pillar of state revenues.”