Iraq Economic News And Points To Ponder Wednesday Evening 4-29-26

Iraq Ranks 82nd Globally With 8.4% Housing Price Ratio

2026-04-29 Shafaq News- Baghdad   Iraq ranked 82nd out of 104 countries in the 2025 housing price-to-income ratio index, marking a 0.1 percentage point increase from the previous year, according to World Population Review.

The report placed Iraq’s ratio at 8.4% with an affordability index of 1.2, compared with 8.3% and 1.1 in 2024.

Globally, Syria topped the list at 115.1%, followed by Cuba (48%), Ethiopia (47.1%), Cameroon (46.6%), and Sri Lanka (34.2%). Other countries near the top included Nepal (32.1%), Hong Kong (29.1%), China (28.5%), Vietnam (25.8%), and Thailand (23.1%).

At the lower end, Oman ranked 104th with a ratio of 3.1%, alongside Saudi Arabia, indicating relatively lower housing cost pressure relative to income. https://www.shafaq.com/en/Economy/Iraq-ranks-82nd-globally-with-8-4-housing-price-ratio

US Dollar Tops 180,000 Toman In Iran

2026-04-29 Shafaq News- Tehran The US dollar surpassed 180,000 toman in Iran's open market on Wednesday, an increase of nearly 8% from the previous day. According to Iran’s Donya-e-Eqtesad, the dollar had traded around 160,000 toman on Tuesday before closing near 165,000.  One toman = 10 Iranian rials 

https://www.shafaq.com/en/Economy/US-dollar-tops-180-000-toman-in-Iran

USD/IQD Exchange Rates Dip Slightly In Baghdad And Erbil At Closure

2026-04-29   Shafaq News- Baghdad/ Erbil  The US dollar closed Wednesday’s trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,450 dinars per 100 dollars, down from the previous session’s 153,750 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,000 dinars and bought it at 153,000 dinars, while in Erbil, selling prices stood at 153,450 dinars and buying prices at 153,350 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-dip-slightly-in-Baghdad-and-Erbil-at-closure

Gold Prices Edge Lower In Baghdad And Erbil Markets

2026-04-29 Shafaq News- Baghdad/ Erbil   On Wednesday, gold prices hovered around 990,000 IQD per mithqal in Baghdad and Erbil markets, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 986,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 982,000 IQD. The same gold had sold for 1,005,000 IQD on Tuesday.

The selling price for 21-carat Iraqi gold stood at 956,000 IQD, with a buying price of 952,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 985,000 and 995,000 IQD, while Iraqi gold sold for between 955,000 and 965,000 IQD.

In Erbil, 22-carat gold was sold at 1,037,000 IQD per mithqal, 21-carat gold at 990,000 IQD, and 18-carat gold at 848,000 IQD.  https://www.shafaq.com/en/Economy/Gold-prices-edge-lower-in-Baghdad-and-Erbil-markets-1-2

US Renews Calls For Dismantling Iran-Aligned Groups In Iraq After Three Reward Offers

2026-04-29 Shafaq News- Washington/ Baghdad   The United States Department of State renewed its call for the dismantling of Iran-aligned armed groups in Iraq, tying the issue directly to the future of the US-Iraq relationship, as Washington placed its third $10 million reward offer on a senior commander within roughly two weeks.

 A State Department spokesperson, speaking on background, said that Washington had "spoken clearly to what is needed to dismantle the Iran-aligned militias in Iraq," adding that the United States stands with Iraqis working toward sovereignty, security, and a prosperous future.

 The latest reward offer, announced through the Rewards for Justice program run by the State Department's Diplomatic Security Service, targets Hashem Finyan Rahim al-Saraji, also known as Abu Alaa al-Walae, leader of Kataib Sayyid al-Shuhada.

The program accused him of directing attacks on US diplomatic facilities and military personnel in Iraq and Syria, and of involvement in the killing of Iraqi civilians. Washington designated the group a Foreign Terrorist Organization in September 2025.

 Ten days earlier, a $10 million reward was announced for Ahmad al-Hamidawi, leader of Kataib Hezbollah, over attacks on US diplomatic facilities in March 2026 and a sustained campaign against American personnel in Iraq.

A separate offer followed for Haydar al-Sa'adi, Secretary General of Harakat Ansar Allah al-Awfiya —the group held responsible for the January 28, 2024, drone strike on Tower 22 in Jordan that killed three American service members.

 All three men operate within the Islamic Resistance in Iraq, the umbrella coalition of Iran-aligned factions that has claimed over 750 strikes on US targets since the outbreak of the 2026 US-Israeli conflict with Iran.

Attacks attributed to its affiliated groups have struck the US Embassy in Baghdad, logistical support center at Baghdad International Airport, Harir Base, and Erbil Airport in the Kurdistan Region, and energy infrastructure across the country.

 For Shafaq News, Mostafa Hashem, Washington, D.C.

 https://www.shafaq.com/en/Iraq/US-renews-calls-for-dismantling-Iran-aligned-groups-in-Iraq-after-three-reward-offers

Al-Marsoumi: Iraq Is At A Critical Economic Crossroads And Needs Competent Individuals And Political Support.

Time: 2026/04/29    {Economic: Al-Furat News} Economic expert, Nabil Al-Marsoumi, warned that the Iraqi economy is going through a phase that requires extensive reforms in light of the major challenges that will face the president and the next government.

Al-Marsoumi told Al-Furat News Agency that: “The economic reality is characterized by significant pressures, most notably limited liquidity, challenges in the oil sector, budget deficits, high rates of unemployment and poverty, and declining economic performance.”

He added, "The next government will not be able to change the reality on its own unless it has broad political support, and political forces must refrain from demands that may hinder its work and limit populist rhetoric that increases the burdens on the state."

Al-Marsoumi stressed that “Iraq stands today at an important crossroads in its economic path due to the magnitude of the challenges,” emphasizing “the importance of forming a government of competent individuals, far removed from quotas, capable of managing the current stage and addressing the economic crisis.”

https://alforatnews.iq/news/لمرسومي-العراق-أمام-مفترق-اقتصادي-حرج-يحتاج-كفاءات-ودعم-سياسي

SHOCKING: Bond Collapse Warning From Former Treasury Secretary | Andy Schectman

SHOCKING: Bond Collapse Warning From Former Treasury Secretary | Andy Schectman

Liberty and Finance:  4-28-2026

Andy Schectman returns to break down mounting stress in the silver market, including a growing mismatch between COMEX open interest and available supply.

He highlights record-breaking gold and silver imports by China as evidence of a major shift happening beneath the surface.

Andy also points to rising U.S. debt pressures and warns that interest payments are approaching historic levels.

Notably, he discusses former Treasury Secretary Hank Paulson’s warning that the U.S. should prepare for a potential collapse in Treasury demand.

He also explores the rapid rise of stablecoins and digital financial systems, raising concerns about surveillance, control, and the future of financial freedom.

INTERVIEW TIMELINE:

 0:00 Intro

1:30 Gold & silver update

12:00 Genius Act & tokenization

24:00 Warning of Treasury market collapse

https://www.youtube.com/watch?v=c_en1PPjHro

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 4-29-26

Good Afternoon Dinar Recaps,

Blockade Strategy Expands: Trump Signals Prolonged Pressure on Iran as Markets React

Extended U.S. blockade plans intensify economic strain on Iran while raising global energy and financial system risks

 OVERVIEW (KEY POINTS)

U.S. President Donald Trump is preparing to extend the blockade on Iran’s ports, signaling a shift toward sustained economic pressure rather than immediate military escalation.

This is happening now as negotiations remain stalled, with Iran refusing to meet U.S. demands on immediate nuclear concessions, while attempting to manage the conflict through alternative trade routes.

Key players include the United States, Iran, European economies responding to rising energy costs, and global markets adjusting to prolonged disruption in oil flows.

The broader implication is clear: a sustained blockade strategy is amplifying inflation, currency instability, and global trade disruptions, increasing systemic financial risk.

KEY DEVELOPMENTS

1. U.S. Plans Extended Blockade Strategy

A long-term pressure approach is taking shape.

• Blockade viewed as lower-risk alternative to military escalation

• Aims to force Iran into favorable negotiation terms

2. Iran’s Currency Collapse Accelerates

Economic strain inside Iran is intensifying.

• Rial weakened to 1,810,000 per dollar

• Nearly 15% decline in just two days

3. Inflation Surges to Extreme Levels

Domestic conditions deteriorate rapidly.

• Inflation reached 65.8% in a single month period

• Rising costs expected to further destabilize the economy

4. Strait of Hormuz Disruptions Continue

Global energy flows remain constrained.

• Iran restricting shipping through a key route for global oil supply

• U.S. blockade compounding trade and logistics disruptions

5. Oil Prices Rise Amid Supply Concerns

Markets respond to prolonged uncertainty.

• Oil prices increased nearly 3% on continued conflict

• Risk of extended supply shortages priced into markets

  WHY IT MATTERS

This development highlights how economic warfare strategies can have global financial consequences, particularly when energy supply chains are involved.

The combination of restricted oil flows and rising prices is feeding into inflation across multiple economies, increasing pressure on consumers and businesses.

For policymakers, prolonged disruption complicates decisions around interest rates, energy policy, and economic stability.

At the system level, this reinforces a critical shift: geopolitical conflict is directly influencing currency values, inflation, and global financial conditions.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Energy-importing currencies face increased pressure

• Purchasing power declines as inflation rises globally

• Safe-haven currencies may strengthen during instability

• Exchange rate volatility increases across regions

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Economic Warfare Reshaping Global Systems

Extended blockades demonstrate how financial and trade restrictions can be used as strategic tools, impacting global economic structures.

• Pillar 2: Currency Instability and Realignment

Severe currency devaluation highlights vulnerabilities that could lead to broader shifts in reserve strategies and trade settlements.

 CONCLUSION

The move toward a prolonged blockade represents a significant escalation in economic pressure, with consequences extending far beyond the immediate conflict.

As Iran’s economy weakens and global energy markets remain unstable, the ripple effects are being felt across currencies, inflation, and trade systems.

This is not just a regional conflict—it is a systemic stress event influencing global financial stability.

When economic pressure targets energy and currency simultaneously, the global financial system absorbs the impact.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "U.S. considers extended blockade strategy against Iran amid stalled talks"

• Modern Diplomacy — "Trump Urges Iran to ‘Get Smart’ on Deal Amid Plans to Prolong Blockade"

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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RV Facts with Proof Links Link

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Follow the Gold/Silver Rate COMEX

Follow Fast Facts

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Thank you Dinar Recaps

More “Iraq News” Posted by Tishwash at TNT 4-29-2026

TNT:

Tishwash:  Washington announces its solidarity with Iraq and supports al-Zaidi's efforts to form a government.

The United States Mission in Iraq expressed its best wishes to Prime Minister-designate Ali al-Zaidi in his mission to form a government capable of meeting the aspirations of the Iraqi people and achieving a brighter and more peaceful future.

 In a statement, the mission affirmed Washington’s solidarity with the Iraqi people in their pursuit of common goals, foremost among them preserving the country’s sovereignty, enhancing security to eliminate terrorism, and building a prosperous economy that brings tangible benefits to both the Iraqi and American sides.

The Coordination Framework announced in a statement the selection of Ali al-Zidi as the official candidate of the Coordination Framework bloc, being the largest bloc in the House of Representatives, to assume the position of Prime Minister and form the next Iraqi government.

 This came during a crucial meeting held by the leaders of the framework at the Government Palace in Baghdad on Monday, where the name of Al-Zaydi was agreed upon after studying the list of candidates and choosing the person whose specifications match the requirements of the current stage and its challenges.  link

************

Tishwash:  Al-Jubouri: The government will be formed within two weeks, less than the constitutional deadlines.

Fahd Al-Jubouri, a leader in the National Wisdom Movement, predicted that the government would be formed within two weeks, in less time than the constitutional deadline, according to political agreements.

Al-Jubouri said, during his appearance on the “On the Ruler” program on Al-Furat satellite channel, that “things are moving towards accelerating the formation of the government within a period not exceeding two weeks, based on understandings between the political forces,” indicating that “Prime Minister-designate Ali Al-Zidi will return to the coordination framework regarding the formation of the ministerial cabinet and some files, as he is the supporting and sponsoring party.”

He added that "the coordination framework will hold a meeting tomorrow in the presence of the Prime Minister-designate to discuss the ministerial formation," noting that "Al-Zidi is assigned a service-oriented task and refuses to engage in any discussion related to his financial dealings with the state."

He explained that "the new government will face major challenges, foremost among them the economic situation and foreign relations, especially with neighboring countries," noting that "the Wisdom Movement announced its support for Al-Zaidi and its backing for him in this matter."

Al-Jubouri added that "the United States is awaiting the outcomes of the new Iraqi government and will base its position on them," stressing "the need for the next government to have plans to address regional challenges, including the repercussions of the closure of the Strait of Hormuz and its impact on Iraqi oil exports."

He pointed out that "the coordination framework hopes for the success of Al-Zaidi's government, and at the same time will monitor its performance," noting that "the framework stipulated that Al-Zaidi not participate in the elections or form a political party, and he expressed his unwillingness to go in this direction."

Al-Jubouri concluded by saying, "The framework formed two committees, one of which is concerned with discussing the ministerial formation, and it has made significant progress in its work."  link

*************

Tishwash:  Financial Inclusion Week kicks off in Halabja

The city of Halabja witnessed the launch of the activities of the Financial Inclusion Week for the year 2026, under the sponsorship and supervision of the Central Bank of Iraq, and organized by the “Our Awareness” Organization for Electronic Payment Culture and the “We Reach You” Financial Inclusion Initiative, under the slogan “Financial Health: The Path of Individuals Towards Sustainable and More Stable Financial Inclusion,” in a step that reflects the growing interest in promoting financial culture and expanding the scope of modern banking services in various Iraqi governorates, in line with the state’s directions towards building a more efficient and sustainable digital economy.

The events were held with broad participation from financial, banking and non-banking institutions, in a scene that reflects the extent of coordination and integration between the parties concerned with consolidating the concepts of financial inclusion and supporting the transition towards the digital economy, in line with the directions of the government and the Central Bank of Iraq aimed at reducing reliance on paper money and promoting the use of modern electronic payment methods, and in a way that contributes to raising the efficiency of financial transactions and achieving higher levels of transparency and economic stability, as well as facilitating citizens’ access to official financial services in a safe and fast manner.

National Initiative

Financial Inclusion Week opened with an official conference attended by the Governor of Halabja, Ms. Noukhsha Naseh Ahmed, who affirmed in her address the local government's full support for this national initiative. She noted that choosing Halabja as the launch location carries significant implications, reflecting its role in supporting development projects and impactful community initiatives. She explained that financial inclusion is a fundamental tool for empowering citizens to access safer and more reliable financial services, in addition to its role in strengthening trust in financial and banking institutions and supporting the gradual transition to modern digital systems.

Sound resource management

She added that expanding financial inclusion is not limited to providing banking services only, but also includes building a new community culture based on financial awareness and sound resource management, which helps families and individuals to plan financially better, enhances opportunities for saving and investment, and reduces the risks associated with traditional cash transactions, which positively impacts social and economic stability in the province and in Iraq in general.

A development message

For his part, Mr. Nabil Al-Najjar, head of the “Our Awareness” organization for the culture of electronic payment, stressed that launching the activities from Halabja carries an important humanitarian and developmental message, which is that modern financial services should be available to all citizens without exception, and in the various Iraqi governorates. 

He pointed out that this initiative actively contributes to establishing a culture of electronic payment within Iraqi society, and expanding opportunities for access to financial services, which enhances the role of small and medium enterprises and supports sustainable economic development paths, especially in areas that need more developmental and service support.

Modern financial services

Ghazi Al-Kinani, advisor to the Global Smart Card Company, confirmed that electronic payment companies and governmental and private banks, in cooperation with the Central Bank of Iraq, are making great efforts to promote a culture of banking and increase citizens’ interaction with modern financial products and services more than they are now, in a way that contributes to consolidating trust between financial institutions and citizens.

Citizen's needs 

Al-Kinani explained that banking awareness among citizens has witnessed remarkable development in recent years, as citizens have become more aware of the importance of banking services and more informed about all new financial products that suit their daily needs and the requirements of their working lives, which reflects the success of the awareness and regulatory efforts made in this field.

He added that the Financial Inclusion Week represents an important opportunity to bring the service provider closer to the citizen directly, through field communication and introducing the available services and mechanisms for benefiting from them, stressing that this continuous banking movement will achieve positive results that serve all parties and contribute to supporting the national economy and enhancing financial stability.  link

*************

Tishwash:  The Iraqi ambassador to Washington discusses regional developments and government formation with the chairman of the House Subcommittee on the Middle East.

Nizar Al-Khairallah, the Ambassador of the Republic of Iraq to the United States, met with Mike Lawler, Chairman of the Subcommittee on Foreign Affairs of the U.S. House of Representatives concerned with the Middle East and North Africa.

During the meeting, the two sides discussed the ongoing developments in the Middle East region and their implications for Iraq, exchanging views on regional challenges and their impact on internal stability.

The meeting also addressed the process of forming the new government in Iraq, emphasizing the importance of supporting political stability and promoting progress in the democratic process, in order to meet the aspirations of the Iraqi people.

The two sides discussed bilateral relations between Baghdad and Washington, and ways to expand prospects for joint cooperation in various fields, in order to strengthen the strategic partnership between the two countries and serve mutual interests.  link

*************

Tishwash:  Global Tech partners with Huawei to enhance digital infrastructure in Iraq

Global Tech has entered into a strategic partnership agreement with Huawei to enhance the reliability of digital infrastructure inIraqEspecially in vital sectors.

The company said in a statement received byAlsumaria NewsThe agreement was concluded on the sidelines of a specialized seminar held by Global Tech entitled (Business Continuity in Modern Data Centers) with the participation of a select group of representatives from the banking sector, electronic payment companies, and the technology sector.

 She explained that "the agreement aims to enhance cooperation in the field of data center development and provide advanced solutions that support business continuity, thereby contributing to raising the level of reliability of the digital infrastructure inIraq“Especially in vital sectors.”

The seminar was attended by a number of decision-makers and specialists in the fields of technology and digital infrastructure. Its sessions addressed the readiness of data centers to ensure system continuity and reduce operational risks, in accordance with international standards.
The statement indicated that “the agreement comes within the framework of GlobalTek’s strategy to expand its strategic partnerships and provide integrated solutions that support the development of digital infrastructure and enhance the readiness of institutions to meet the requirements of digital transformation in Iraq.”

According to the statement, the event included a panel discussion with representatives from Huawei and the Uptime Institute, along with GlobalTek and Tabadul for Electronic Payments. The discussion reviewed the most prominent challenges facing business continuity and the role of modern technological solutions in supporting system stability. link

Seeds of Wisdom RV and Economics Updates Wednesday Morning 4-29-26

Good Morning Dinar Recaps,

Peace Talks Stall: Trump Rejects Iran Proposal as Energy Disruptions Intensify

Breakdown in negotiations deepens conflict risks, driving oil volatility and increasing pressure on the global financial system

 OVERVIEW (KEY POINTS)

U.S. President Donald Trump has rejected Iran’s latest peace proposal, signaling a widening gap between both sides as the conflict enters a more entrenched phase.

This is happening now because Iran is pushing a phased negotiation strategy, delaying nuclear discussions, while the U.S. insists on addressing core nuclear issues upfront, creating a fundamental disagreement.

Key players include the United States, Iran, Pakistan as mediator, and broader alliances such as the Shanghai Cooperation Organisation, reflecting the expanding geopolitical scope of the conflict.

The broader implication is clear: continued stalemate is prolonging energy disruptions, fueling inflation, and increasing systemic financial stress globally.

KEY DEVELOPMENTS

1. U.S. Rejects Iran’s Phased Peace Proposal

Negotiations face a critical setback.

• Iran proposed delaying nuclear talks until after conflict resolution

• U.S. demands immediate inclusion of nuclear restrictions

2. Strait of Hormuz Disruptions Intensify

Energy supply remains heavily constrained.

• Daily traffic dropped from 125–140 ships to minimal flows

• Oil shipments significantly reduced, tightening global supply

3. Oil Prices Rise on Prolonged Conflict

Markets react to continued instability.

• Oil prices increased nearly 3% amid ongoing disruptions

• Traders pricing in longer-term supply risk

4. Iran Expands Strategic Alliances

Regional alignment is shifting.

• Iran signaling deeper cooperation within the Shanghai Cooperation Organisation

• Potential expansion of defense and economic partnerships

5. Diplomatic Channels Weaken

Efforts to mediate are losing momentum.

• U.S. canceled planned diplomatic outreach to Pakistan

• Reduced engagement increases risk of prolonged stalemate

WHY IT MATTERS

This development highlights how failed diplomacy can directly impact global markets, especially when tied to critical energy infrastructure.

Energy disruptions are feeding into broader economic pressures, increasing inflation, supply chain instability, and market volatility.

For policymakers, the challenge is intensifying. Prolonged conflict limits options while increasing the risk of policy misalignment and economic slowdown.

At the system level, this reinforces a growing trend: geopolitical conflict is now a primary driver of financial system stress.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Energy-importing currencies face downward pressure

• Purchasing power declines due to rising inflation

• Safe-haven currencies may strengthen during uncertainty

• Exchange rate volatility increases across markets

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Energy Disruption as a Systemic Trigger

Sustained constraints in oil flow highlight how energy supply shocks can destabilize global financial systems, accelerating structural shifts.

• Pillar 2: Fragmentation of Global Alliances

Shifting partnerships signal movement toward a more divided and multipolar geopolitical and financial landscape.

CONCLUSION

The rejection of Iran’s proposal marks a critical escalation point, reinforcing the likelihood of prolonged conflict and continued market disruption.

As negotiations stall, the impact is extending beyond geopolitics into energy markets, inflation, and financial stability.

This is not just a diplomatic breakdown—it is a systemic pressure point with global consequences.

When diplomacy fails at critical energy chokepoints, the global financial system absorbs the shock.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Trump dissatisfied with Iran peace proposal amid ongoing conflict"

• Modern Diplomacy — "Trump dissatisfied by Iran’s New Peace Proposal"

~~~~~~~~~~ 

 A Message to Our Currency Holders

If you’ve been holding foreign currency for many years, you were not foolish.

You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:   • No dates • No rates • No hype • No gurus

Instead, we focus on:

• Verifiable developments • Institutional evidence

• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.

Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News™

~~~~~~~~~~

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Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Wednesday Morning 4-29-26

Oil Dips On UAE OPEC Exit, Hormuz Blockade Props Prices

2026-04-29 Shafaq News   Oil prices eased on Wednesday from a multi-day rally as ‌investors digested the ramifications of the United Arab Emirates' surprise decision to quit OPEC, though supply disruptions from the stalemated Iran war support the market.

Brent crude futures for June dipped 1 cent to $111.25 a barrel by 0413 GMT, having climbed for the previous seven sessions. The June contract expires on Thursday and the more active July contract down 28 cents at $104.12.

Wednesday's slight decrease could be partly linked to the UAE's surprising decision to leave ⁠producer cartel OPEC, said LSEG senior analyst Anh Pham, as it points to a stronger supply outlook when the country is free of the group’s output quotas.

"However, this effect is not immediate, as the incremental barrels may not be deliverable in the near term due to the ongoing Hormuz blockade," he added.

"So while prices are down slightly, this appears to be more of a correction from earlier gains, with Brent still holding at elevated levels around $110 per barrel."

U.S. President Donald Trump has told aides to prepare for an extended blockade of Iran, the Wall Street Journal said on Tuesday, citing U.S. officials.

Trump is opting to keep squeezing Iran's economy and oil exports by blocking shipping traffic with its ports, ‌it ⁠added.

Despite a ceasefire in the U.S.-Israeli war with Iran, the conflict is deadlocked as both sides seek a formal end to the fighting.

Iran has shut the Strait of Hormuz, a conduit for about 20% of global oil and LNG supplies, and the United States blockaded Iranian ports.

"The recent rise in oil prices has been driven by the Strait blockade," said Yang An, an analyst at ⁠Haitong Futures. "If Trump is prepared to extend the blockade, supply disruptions would worsen further and continue to push oil prices higher."

The U.S. is pressing Iran to end what it says is a nuclear weapons programme, while Iran wants some form of reparations for the latest ⁠round of fighting, an easing of economic sanctions and some form of control over the Strait of Hormuz.

The Hormuz shutdown is prompting pulls from global inventories, with market sources saying late on Tuesday the American Petroleum Institute reported U.S. ⁠crude oil inventories fell for a second week.

Crude stocks fell by 1.79 million barrels in the week ended April 24, the sources said. Gasoline inventories fell by 8.47 million barrels, while distillate inventories fell by 2.60 million barrels. (Reuters)

https://www.shafaq.com/en/Economy/Oil-dips-on-UAE-OPEC-exit-Hormuz-blockade-props-prices

Basrah Crudes Outpace Regional Benchmarks Despite Decline

2026-04-29 Shafaq News- Basrah   Iraq’s Basrah crude prices edged lower by 0.12% on Wednesday, outperforming several regional benchmarks.   Basrah Heavy crude fell by 15 cents to $120.93 per barrel, while Basrah Medium crude declined by the same margin to $123.30.

In contrast, Saudi Light stood at $120.30 per barrel, Kuwait crude at $103.79, the UAE’s Murban at $106.70, and Qatar’s Al-Shaheen at $107.

Globally, Brent crude rose $3.08, or 2.8%, to $114.34 per barrel. US West Texas Intermediate (WTI) gained $2.75, or 2.8%, to $102.68.

Iraq prices its crude based on export destinations, with shipments to Asia linked to the Dubai and Oman benchmarks, exports to Europe tied to Brent with premiums or discounts, and cargoes to the United States priced against WTI in line with market conditions. https://www.shafaq.com/en/Economy/Basrah-crudes-outpace-regional-benchmarks-despite-decline

Iran’s Khuzestan Exports $61M To Iraq In One Month

2026-04-29 Shafaq News- Tehran/ Baghdad   Iran’s Khuzestan province exported 221,000 tons of goods to Iraq worth $60.8 million in the first month of the current Iranian year, Iranian media reported on Wednesday.

According to Iranian outlets, local official Behrouz Qarabiji said imports during the same period totaled 874,000 tons valued at $360 million, while customs revenue rose 409% year-on-year to around $51 million. Customs and transit activity also increased, with 30 clearance declarations covering 2,438 tons and 279 transit filings totaling 36,200 tons.

https://www.shafaq.com/en/Economy/Iran-s-Khuzestan-exports-61M-to-Iraq-in-one-month

UAE Exit From OPEC And OPEC+ Sparks Mixed Outlook For Oil Markets

2026-04-29 Shafaq News- Baghdad    The United Arab Emirates’ decision to withdraw from OPEC and the OPEC+ alliance has drawn mixed reactions among specialists, amid close monitoring of global markets for producer compliance with output policies and the impact of geopolitical developments on supply and demand.

Oil expert Dirgham Mohammed Ali told Shafaq News that the UAE’s exit could lead to increased production outside the quota system, raising the risk of a significant supply surplus.

He warned that any unregulated rise in output would put strong downward pressure on prices, potentially leading to sharp declines or even a market collapse, particularly if other OPEC+ members show weak adherence to agreed production limits.

Ali explained that the oil market relies on a balance between supply and demand, noting that any disruption by a major producer such as the UAE would have immediate effects. “Iraq could be among the most affected countries, as more than 90% of its budget depends on oil revenues,” the expert noted.

Economic expert Mohammed Al-Hassani downplayed the potential impact, suggesting that the UAE’s withdrawal would not necessarily trigger a sharp price drop.

In remarks to Shafaq News, he said the market is influenced by multiple factors, including global demand, geopolitical tensions, and the ability of major producers, particularly Saudi Arabia, to stabilize supply through production adjustments.

“The UAE may continue informal coordination with other producers, which could limit market disruptions,” he explained, clarifying, “While any price decline would affect Iraq, it is unlikely to result in a severe collapse.”

https://www.shafaq.com/en/Economy/UAE-exit-from-OPEC-and-OPEC-sparks-mixed-outlook-for-oil-markets

MilitiaMan & CREW: IRAQ DINAR UPDATE-Reforms Moving Forward Despite Political Noise-Monetary Strength

MilitiaMan & CREW IRAQ DINAR UPDATE-Reforms Moving Forward Despite Political Noise-Monetary Strength

4-28-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.

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Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 4-28-26

Good Afternoon Dinar Recaps

Energy Shock Wave: Surging Oil and Debt Risks Signal Global Financial Strain

Rising energy prices, inflation pressure, and mounting debt concerns are converging into a potential systemic turning point

 OVERVIEW (KEY POINTS)

Global markets are entering a period of heightened stress as energy prices surge sharply due to ongoing Middle East conflict, triggering ripple effects across inflation, debt markets, and economic growth.

This is happening now because disruptions in key supply routes, particularly the Strait of Hormuz, are constraining global oil flows while geopolitical tensions remain unresolved.

Key players include central banks, major economies, and global financial institutions now facing a difficult environment of rising costs, slowing growth, and elevated debt levels.

The broader implication is clear: multiple systemic pressures are converging at once, increasing the probability of structural financial adjustments.

KEY DEVELOPMENTS

1. Energy Prices Surge on Supply Disruptions

Oil markets are tightening rapidly.

• Energy prices projected to rise up to 24% in 2026

• Oil trading near $110 per barrel with upside risk

2. Inflation Pressures Reignite Globally

Energy costs are feeding into broader price levels.

• Inflation forecasts rising across major economies

• Developing nations expected to face 5%+ inflation levels

3. Central Banks Enter Policy Dilemma

Monetary policy is becoming more complex.

• Institutions holding rates steady despite rising inflation

• Balancing growth slowdown vs. inflation control

4. Debt Risks Escalate Across Markets

Financial system vulnerabilities are increasing.

• Warnings of potential global bond market stress

• Rising borrowing costs threaten government and corporate balance sheets

5. Corporate and Consumer Strain Expands

Real economy impacts are becoming visible.

• Companies facing higher input and logistics costs

• Increased risk of price hikes and reduced demand

 WHY IT MATTERS

This development highlights a critical convergence: energy shocks, inflation, and debt pressures are reinforcing each other, amplifying systemic risk.

Markets are becoming increasingly sensitive to geopolitical events, with volatility spreading across commodities, bonds, and currencies.

For policymakers, the challenge is acute. Traditional tools are less effective when inflation is driven by supply-side shocks rather than demand.

At the system level, this reflects a transition phase where multiple stress points are testing the resilience of the global financial framework.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Energy-importing currencies face downward pressure

• Purchasing power declines as inflation rises

• Safe-haven currencies may strengthen during instability

• Exchange rate volatility increases across regions

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Energy-Driven Financial Realignment

Sustained energy shocks are forcing economies to rethink supply chains, pricing, and trade dependencies, reshaping global economic relationships.

Pillar 2: Debt and Liquidity Stress نقطة

Rising debt burdens combined with higher rates increase the likelihood of financial restructuring or market corrections, impacting the broader system.

 CONCLUSION

The current environment represents more than isolated disruptions. It is a convergence of energy, inflation, and debt pressures that is testing the global financial system.

As these forces build simultaneously, the margin for policy error narrows, increasing the risk of instability.

This is not just a cyclical challenge—it reflects deeper structural strain.

When energy shocks collide with debt and inflation, the foundation of the global financial system begins to shift.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "World Bank forecasts 24% surge in energy prices due to war"

• Reuters — "Global inflation worries rise as energy prices surge"

~~~~~~~~~~

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Iraq Economic News And Points To Ponder Tuesday Evening 4-28-26

Iraq’s CF Grants PM-Designate Full Authority To Form Cabinet

2026-04-28 Shafaq News- Baghdad   The Coordination Framework (CF) agreed Tuesday to give Prime Minister-designate Ali al-Zaidi full authority to form his cabinet, following a meeting attended by caretaker Prime Minister Mohammed Shia al-Sudani.   According to a statement, participants discussed cabinet formation and mechanisms for resolving political entitlements, emphasizing adherence to constitutional timelines. 

Leaders called for appointments based on integrity, competence, and national responsibility, and stressed the need for cohesion within the incoming government.   The bloc had nominated al-Zaidi yesterday after al-Sudani and former Prime Minister Nouri al-Maliki withdrew from the race.

 Read more: Ali al-Zaidi named Iraq's prime minister: Easy nomination, harder road ahead

 https://www.shafaq.com/en/Iraq/Iraq-s-CF-grants-PM-designate-full-authority-to-form-cabinet

The Coordination Framework Is Discussing The Formation Of The Government And Affirms Its Support For The Powers Of The Prime Minister-Designate, Ali Al-Zidi

Baghdad – One News  4/28/2026  The Coordination Framework held a meeting to discuss the formation of the new government, where mechanisms for resolving political entitlements and forming the cabinet were discussed in a way that contributes to building a strong government capable of facing challenges. 

The participants stressed the need to grant Prime Minister-designate Ali al-Zidi full authority to choose members of the ministerial team, in order to ensure harmony within the government and enhance its effectiveness in implementing its program.

The coordination framework stressed the importance of adopting standards of integrity, competence and national responsibility in selecting ministers, in addition to prioritizing the public interest and strengthening the principle of political partnership between different forces.

He also pointed out that the harmony of the next government team is a crucial factor in overcoming crises and achieving the aspirations of the Iraqi people at various levels. https://1news-iq.net/الإطار-التنسيقي-يبحث-تشكيل-الحكومة-وي/

Al-Hurra Website Quotes A Leader In The Coordination Committee: The Selection Of Ali Al-Zidi Surprised The Committee's Representatives, And There Is No American Objection To His Appointment

Baghdad – One News     4/28/2026  Al-Hurra website quoted a member of the coordinating framework as saying that the selection of Ali al-Zidi to form the government came as a surprise to most of the coalition’s deputies, as his name had not been clearly put forward during previous meetings.

He pointed out that the messages that reached the leaders of the framework indicate that Washington does not object to assigning al-Zaidi, in an indication of international acceptance of his personality compared to other options.

 He added that if he succeeds in forming a government within the constitutional deadline of 30 days, he will become the youngest prime minister in the history of Iraq. https://1news-iq.net/موقع-الحرة-عن-قيادي-بالتنسيقي-اختيار-ع/

Monte Carlo: Ali Al-Zaidi, Tasked With Forming The New Iraqi Government, Received A Green Light From Both Iran And The United States

Baghdad – One News    4/28/2026  Monte Carlo International Radio reported that the announcement by the Coordination Framework nominating Ali al-Zaidi for the presidency of the new Iraqi government came after a series of intensive consultations between prominent leaders within the coalition. 

The radio station explained that the head of the Popular Mobilization Forces, Faleh al-Fayyad, held two separate meetings with both the leader of the State of Law Coalition, Nouri al-Maliki, and the outgoing Prime Minister, Mohammed Shia al-Sudani, as part of efforts to resolve the issue of the premiership. 

She added that assessments within some parties within the framework indicate that al-Zaydi received a “green light” from both Iran and the United States, which helped facilitate agreement on his nomination after a period of disagreements within the coalition. https://1news-iq.net/مونت-كارلو-المكلف-بتشكيل-الحكومة-العر/

A leader in the Sudanese coalition: Ali al-Zaidi's appointment depends on overcoming the American veto.

2026-04-28 Shafaq News – Baghdad   A leader in the “Reconstruction and Development” coalition, headed by outgoing Prime Minister Mohammed Shia al-Sudani, said on Tuesday that assigning Ali al-Zidi to form the new government could represent a “rising political phenomenon” or a “major setback,” considering that the matter depends on his ability to overcome the American “veto” peacefully.

Qusay Mahbouba said in a statement regarding Al-Zidi's assignment to form the new government by the Coordination Framework, "Ali Al-Zidi will either be a bridge for others, or they will become a bridge for him."

He added that al-Zaidi "could be a rising political phenomenon, or he could be a major setback," noting that his success depends on his ability to safely cross the American veto.

He continued: "We don't know the man yet, neither his ideas nor his capabilities nor the features of his political personality," indicating that the question is whether he will be a bridge to a larger project, or will turn everyone into a bridge to his project "if he has a project at all."

Mahbouba considered that the Shiite coordination framework “has exhausted its political and moral presence in the Iraqi arena,” and is no longer able to shape the future of Iraq or monopolize Shiite decision-making, adding that the framework “has practically ended politically and morally.”

He pointed out that this "could be a good thing," because the end of the political monopoly opens the door to the birth of new equations, and perhaps to a different Iraqi opportunity.

The ruling Shiite coalition forces in Iraq announced on Monday evening the nomination of al-Zaidi for the premiership, following the withdrawal of outgoing Prime Minister Mohammed Shia al-Sudani and former Prime Minister Nouri al-Maliki, leader of the State of Law Coalition, from the race for the position. 

https://www.shafaq.com/ar/سیاسة/قيادي-في-ا-تلاف-السوداني-تكليف-علي-الزيدي-مرهون-بعبور-الفيتو-ال-ميركي

 Iraq’s Dominant Bloc Taps Newcomer Ali Al-Zaidi For Prime Minister After Weeks Of Wrangling

By  QASSIM ABDUL-ZAHRA  Updated 10:30 PM CEST, April 27, 2026  BAGHDAD (AP) — Iraq’s dominant parliamentary bloc on Monday nominated Ali al-Zaidi, a businessman and political newcomer, to be the country’s prime minister.

 The announcement by the Coordination Framework, a coalition of Shiite parties allied with Iran, followed a meeting at the government palace. It came after weeks of internal debate among its member parties aimed at selecting a compromise candidate to lead the next government.

President Nizar Amidi then tasked al-Zaidi with forming a government. Even with the backing of the dominant bloc, the new government is not assured of receiving the required number of votes.

 The coalition had previously said it would back former Prime Minister Nouri al-Maliki, who the U.S. administration views as too close to Iran. U.S. President Donald Trump publicly announced his opposition to al-Maliki and threatened to cut off aid to Iraq if he was appointed.

 While al-Maliki remained defiant after Trump’s intervention, the bloc decided to shift to a compromise candidate.

 In a statement announcing al-Zaidi’s nomination, the Coordination Framework thanked al-Maliki and incumbent Prime Minister Mohammed Shia al-Sudani for their “historic and responsible positions” in withdrawing their candidacies to help overcome the political deadlock. Al-Sudani issued a statement congratulating al-Zaidi.

 Al-Zaidi, who is chairman of Al-Janoob Islamic Bank, emerged in the final stages of discussions as one of the leading candidates, bolstered by his economic background and business and investment connections. He has not previously held political office.

 Following his nomination, al-Zaidi promised to focus on making Iraq “a balanced country, regionally and internationally.”

 “This appointment comes at a sensitive time that requires concerted efforts from all political and social forces,” he said.

Under the constitution, the designated prime minister has 30 days to present a Cabinet lineup to the parliament, which requires 167 votes to secure a vote of confidence.

 The next government will have to deal with the political and economic fallout of the U.S.-Israeli war against Iran, which spilled over into Iraq while the closure of the Strait of Hormuz has disrupted the oil exports on which Iraq’s economy depends.

 The new government will also face challenges in dealing with the issues of corruption, uncontrolled weapons outside state authority, and the future of the Popular Mobilization Forces, a coalition of Shiite militias that are nominally under the Iraqi military but in practice largely outside of its control. 

https://apnews.com/article/iraq-prime-minister-parliament-alzaidi-bb629c0f14c6710cbb66500fe376218e

Iraq Economic News And Points To Ponder Tuesday Afternoon 4-28-26

UAE Withdraws From OPEC And OPEC+, Effective May 1

2026-04-28 Shafaq News- Abu Dhabi   The United Arab Emirates announced Tuesday its decision to withdraw from OPEC and the OPEC+ effective May 1, citing the country's evolving energy profile and long-term economic strategy.

According to a statement issued by UAE authorities, the decision follows a comprehensive review of the country's production policy, current output capacity, and projected future capacity.

The UAE said the move is grounded in national interest and in the country's commitment to meeting what it called the market's pressing needs. Under the OPEC+ framework, members have coordinated production cuts since 2016 to stabilize global oil prices, an arrangement the UAE will no longer be bound by as of next week.

The UAE joined OPEC in 1967 through the Emirate of Abu Dhabi —before the federation's formal establishment in 197 — and has since been one of the group's most consequential members, producing approximately 3.2 to 3.5 million barrels of crude oil per day.

The Emirati authorities said the country would continue bringing additional production to market "in a gradual and measured manner," guided by demand and market conditions, and reaffirmed that its exit does not alter its commitment to global market stability. https://www.shafaq.com/en/Economy/UAE-withdraws-from-OPEC-and-OPEC-effective-May-1

Iraq’s January 2026 Revenues Exceed $6.1B

2026-04-27 Shafaq News- Baghdad   The Iraqi federal budget revenues for January 2026 exceeded 8 trillion Iraqi dinars (over $6.1 billion), the Ministry of Finance reported on Monday.

According to the official data, total revenues reached 8.537 trillion dinars ($6.5 billion), marking a 6% increase compared to 8.040 trillion dinars ($6.1 billion) recorded in January 2025.

Oil revenues amounted to 7.075 trillion dinars ($5.4 billion), accounting for 83% of total public income, while non-oil revenues totaled 1.462 trillion dinars ($1.1 billion).

The data also indicated that non-oil revenues transferred from the Kurdistan Region to the federal treasury stood at 120 billion dinars ($92 million).

On the expenditure side, total current spending reached 8.345 trillion dinars ($6.4 billion). Public sector salaries accounted for 5.087 trillion dinars ($3.9 billion), while pensions totaled 1.598 trillion dinars ($1.2 billion). Social welfare payments amounted to 458 billion dinars ($350 million). https://www.shafaq.com/en/Economy/Iraq-s-January-2026-revenues-exceed-6-1B

Oil Prices Climb On Continued US-Iran War Deadlock

2026-04-28 Shafaq News   Oil prices rose 1% on Tuesday, extending gains from the previous session, as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shut, keeping energy supplies from the key Middle East producing region out of the reach of global buyers.

U.S. President Donald Trump is unhappy with the latest Iranian proposal aimed at ending the war, a U.S. official said on Monday. Iranian sources disclosed on Monday that Tehran's proposal avoided addressing its nuclear program until hostilities cease and Gulf shipping disputes are resolved.

Trump's ⁠displeasure with the Iranian offer leaves the conflict deadlocked, with Iran shutting shipping flows through the Strait of Hormuz, which typically carries supply equal to about 20% of global oil and gas consumption, and the U.S. keeping in place its blockade of Iranian ports.

Brent crude futures for June climbed $1.41, or 1.3%, to $109.64 a barrel as of 0400 GMT, after gaining 2.8% in the previous session to its highest close since April 7. The contract is up for a seventh day.

U.S. West Texas Intermediate (WTI) crude for June rose $1.27, or 1.3%, to $97.64 a barrel, after gaining 2.1% in the previous session.

An earlier round of negotiations between the U.S. and Iran collapsed last week following failed face-to-face talks.

"Talks around ‘peace’ still look largely superficial and lack ⁠concrete evidence of de-escalation. Despite the rhetoric, vessel movement through the Strait of Hormuz remains curtailed, and that prolonged disruption is what's keeping oil risk premiums elevated," said Phillip Nova's senior market analyst Priyanka Sachdeva.

"In the near term, oil markets are less about macro demand and more about diplomatic gridlock. Until diplomacy translates into actual barrel flows, not just statements, oil markets will remain volatile with an ⁠upward bias through May," she added.

Ship-tracking data revealed significant disruptions in the region, with six Iranian oil tankers forced to turn back due to the U.S. blockade.

However, a liquefied natural gas tanker managed by the United Arab Emirates' Abu Dhabi National Oil Co did cross ⁠the Strait of Hormuz and appears to be near India, ship-tracking data showed on Monday.

Prior to the U.S.-Israeli war on Iran, which began on February 28, between 125 and 140 vessels transited the strait daily.

The market is also looking ahead to ⁠private and government U.S. inventory data for later this week.

Analysts polled by Reuters are expecting U.S. crude inventories to have risen by 300,000 barrels in the last week, with official data from the U.S. Energy Information Administration set for release on Wednesday.  (Reuters)

https://www.shafaq.com/en/Economy/Oil-prices-climb-on-continued-US-Iran-war-deadlock

Basrah Crudes Lead Regional Oil Benchmarks

2026-04-28 Shafaq News- Basrah   Basrah crude prices recorded gains of around 0.59% on Tuesday, while global oil markets held firm.

Basrah Heavy crude rose by 71 cents, to $121.08 per barrel. Basrah Medium crude increased by 71 cents, to settle at $123.18 per barrel.

In contrast, several regional grades declined, with Saudi Light at $119.48 per barrel, Kuwait crude at $107.37, and UAE’s Murban at $103.57.

Globally, Brent crude futures rose $1.41, or 1.3%, to $109.64 a barrel. US West Texas Intermediate (WTI) crude were also up $1.27, or 1.3%, at $97.64.

Iraq prices its crude based on export destinations, with shipments to Asia linked to the Dubai and Oman benchmarks, exports to Europe tied to Brent with premiums or discounts, and cargoes to the United States priced against WTI in line with market conditions.   https://www.shafaq.com/en/Economy/Basrah-crudes-lead-regional-oil-benchmarks-2

Gold Prices Drop In Baghdad And Erbil Markets

2026-04-28  Shafaq News- Baghdad/ Erbil   On Tuesday, gold prices hovered around 1 million IQD per mithqal in Baghdad and Erbil markets, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,005,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,001,000 IQD. The same gold had sold for 1,025,000 IQD on Monday.

The selling price for 21-carat Iraqi gold stood at 975,000 IQD, with a buying price of 971,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,005,000 and 1,015,000 IQD, while Iraqi gold sold for between 975,000 and 985,000 IQD.

In Erbil, 22-carat gold was sold at 1,050,000 IQD per mithqal, 21-carat gold at 1,002,000 IQD, and 18-carat gold at 859,000 IQD.   https://www.shafaq.com/en/Economy/Gold-prices-drop-in-Baghdad-and-Erbil-markets-8

Iraq’s Basra Wheat Intake Set To Exceed 24K Tons

2026-04-28 Shafaq News- Basra   Wheat intake in southern Iraq’s Basra province is projected to exceed 24,000 tons this agricultural season, a local official told Shafaq News on Tuesday, with marketing operations now underway.

Receiving centers are fully prepared, offering sufficient silo capacity and a regulated system to manage truck entry and unloading, according to Hadi Hussein, head of the Basra Agriculture Directorate. Peak deliveries, he noted, are anticipated in May and will continue through June, while urging farmers to adhere to schedules to ensure smooth processing.

Harvesting began last week in Basra with average yields of about 750 kg per dunam (0.25 hectares), covering 3,937 dunams under the government plan and 7,500 dunams outside it.

In Kirkuk, production is projected at around 600,000 tons this season, reinforcing its role as a key grain-producing province. Zuhair Ali Hussein, head of the Kirkuk Agriculture Directorate, said average yields are estimated at about 1,250 kilograms per dunam, supported by improved farming methods, technical assistance, and favorable weather. Iraq’s 2026 wheat production is forecast at 5 million tons, down from 6.3 million in 2025, while imports are expected to rise to 2.1 million tons.   https://www.shafaq.com/en/Economy/Iraq-s-Basra-wheat-intake-set-to-exceed-24K-tons

The ‘Expert’ Who Said ‘Globalization Would End War’ — 5 Years Before WWI

The ‘Expert’ Who Said ‘Globalization Would End War’ — 5 Years Before WWI

Notes From the Field By James Hickman (Simon Black / Sovereign Man)  April 28, 2026

In 1909, a British journalist named Norman Angell published The Great Illusion, claiming that war between major global powers had become obsolete.  Nations were too interlinked, he argued. Capital was too entangled. Trade was too valuable. And no nation would put that prosperity at risk. War and conquest were things of the past.

But think about the world back then: Europe was in the middle of la Belle Époque, a stretch of unprecedented peace and prosperity. It had been nearly 40 years since the last major war (Franco-Prussian War) in 1871.

Gold-standard money moved across borders without friction. British capital financed German factories, German banks lent to Russian railways. And one of the largest trading relationships in the world was between supposed rivals Britain and Germany.

Mr. Angell's book sold over two million copies; it was translated into 25 languages and became a fixture in educated households. Diplomats quoted it. CEOs planned around it. Angell’s conclusions seemed true, without question.

Then the Great War broke out five years later, and the world’s great powers went on to vaporize 16 million human beings and their collective economies. Global trade did not recover its 1913 level for roughly half a century.

Bizarrely, Angell later won the Nobel Peace Prize "for having exposed by his pen the illusion of war and presented a convincing plea for international cooperation and peace." There would not be a less deserving recipient until Henry Kissinger and Barack Obama.

But this same mistake has been repeated again in our own time.

After the Soviet Union fell and American technology took the world by storm in the 1990s, it seemed that global peace and prosperity would last forever.

Even after 9/11 and the 2008 Global Financial Crisis, the world organized itself around America’s leadership.

The dollar was the world's dominant reserve currency. The World Trade Organization tore down tariffs across the board. NATO and the United States Navy guaranteed no major power would risk war.

America supplied the security, the currency, and the rules; in exchange, the world traded and grew under an American-led system. Goods, capital, and supply chains ignored borders.

And for decades it worked reasonably well. But we’re now witnessing its breakdown in real time.

As I write this letter to you, gas stations in Asia are rationing fuel. Hospitals are running out of medical supplies. Major petrochemical producers in South Korea and Singapore (Yeochun and PCS) have declared force majeure, meaning they cannot fulfill their commitments to customers.

The cause is simple: the Strait of Hormuz has been closed for weeks.

The Middle East ships roughly 25% of the world's polypropylene, 20% of its polyethylene, 25% of its sulphur, and 15% of its fertilizer. When that flow stops, factories stop. And remember that about half of what Americans buy comes from those same Asian factories.

Capital Economics, a global research firm, estimates that it could take three months for the resulting plastic shortages to spread globally, and four months until US automakers face aluminum shortages severe enough to cut production.

S&P Global's April survey of manufacturers worldwide shows supplier delivery times lengthening at the fastest pace since August 2022.

Purchasing activity is near a four-year high as companies scramble to stockpile while they still can. Respondents are using "panic" and "emergency" buying language for the first time since the pandemic supply crunch— when Americans waited months for a new car, lumber prices tripled, and store shelves sat empty.

Yet rather than work together to ease the strain, governments are making it worse. With trust between major powers in collapse, every cross-border deal is now treated as a security threat...  so they are blocking deals, capping technology transfer, and walling off entire industries.

China just blocked Meta's $2 billion acquisition of an AI startup called Manus; Beijing argues that Manus was developed by Chinese founders with Chinese capital, and therefore an American giant cannot own it.

The United States has been doing the same thing for years— to its strongest allies, no less.

The Biden administration blocked Japanese company Nippon Steel's $15 billion acquisition of US Steel on "national security" grounds, even though Nippon had offered to invest $2.7 billion of Japanese capital into Pennsylvania steel mills.

(Trump later reversed this, and the deal went through with additional government stipulations.)

That is what de-globalization actually looks like in practice: not one dramatic rupture, but the slow accumulation of friction— a closed strait here, a blocked deal there, escalating tariffs,  sanctions, "national security" reviews.

Stack enough of this friction together and the world looks entirely different.

Travel becomes harder and more expensive. Raw materials and finished goods become costlier. Specialization and trade become economic drags rather than efficiencies as nations are forced to make more things at home— including the goods that other countries can already manufacture more efficiently.

This is already happening, and it’s difficult to fix. It’s unlikely that anyone can wave a magic wand and bring back the geopolitical cooperation that fueled the world for decades.

The world is not coming to an end. Far from it. But it is changing rapidly.

Less cooperation, more conflict, and more tension has profound implications for future prosperity.

One of the obvious implications we see is that real assets— energy, food, gold, industrial metals— grow in value during times of conflict and global friction.

Tension and protectionism don't reduce demand for any of them; they just make supply harder to get, so prices rise. When supply chains snap and borders tighten, these are the assets that benefit most.

So if you agree with our thesis, i.e. that the world is heading towards more conflict and less cooperation, real assets (and the companies which produce them) are an excellent hedge to offset that risk with financial gain.

 To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/investing/the-expert-who-said-globalization-would-end-war-5-years-before-wwi-155071/?inf_contact_key=aef0502e41660f480341d296f28ab6e4837ca8eedd5950759fe76410ed6224c9

Seeds of Wisdom RV and Economics Updates Tuesday Morning 4-28-26

 Good Morning Dinar Recaps,

Trade Shift Accelerates: Nations Move Away from Dollar as Energy and Currency Pressures Build

Rising geopolitical tension and currency volatility are pushing countries to expand non-dollar trade, signaling deeper structural change

 OVERVIEW (KEY POINTS)

A growing number of countries are increasing the use of non-dollar trade settlements, driven by rising geopolitical tensions, currency volatility, and disruptions in global energy markets.

This is happening now as recent instability in the Middle East and energy supply chains is forcing nations to reduce exposure to dollar-based systems, particularly in cross-border trade and commodity transactions.

Key players include BRICS nations, emerging markets, and global trading partners adapting to a system where local currencies and alternative settlement mechanisms are gaining traction.

The broader implication is clear: the global financial system is gradually shifting toward a more multipolar structure, where reliance on a single dominant currency is being reduced.

KEY DEVELOPMENTS

1. Expansion of Non-Dollar Trade Settlements

Countries are actively reducing reliance on the U.S. dollar.

• Increased use of local currencies in bilateral trade agreements

• Growth in alternative settlement systems across emerging markets

2. Energy Trade Drives Currency Diversification

Oil and gas transactions are shifting frameworks.

• Energy-importing nations exploring non-dollar payment options

• Producers open to alternative currencies to secure demand

3. Currency Volatility Pressures Policy Decisions

Exchange rate instability is accelerating change.

• Emerging market currencies facing downward pressure

• Governments seeking to stabilize trade through diversification

4. Financial Infrastructure Adapts

Systems are evolving to support new trade flows.

• Development of cross-border payment platforms outside traditional networks

• Increased focus on central bank cooperation

WHY IT MATTERS

This development highlights a gradual but meaningful shift in how global trade is conducted and financed. While the U.S. dollar remains dominant, alternatives are gaining traction under pressure.

Markets are adjusting to a changing environment where currency alignment and geopolitical positioning influence trade decisions more than ever before.

For policymakers, the shift introduces both opportunity and complexity. Diversification reduces dependency but can also increase fragmentation and inefficiency.

At the system level, this reflects a transition toward a multi-currency global framework, reshaping financial relationships.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Local currencies may gain importance in trade settlements

• Dollar dominance may gradually decline over time

• Purchasing power may shift depending on currency exposure

• Exchange rate volatility increases during transition periods

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Multipolar Currency System Emergence

The rise of non-dollar trade supports a shift toward a distributed global financial structure, reducing reliance on a single reserve currency.

• Pillar 2: Trade-Driven Financial Realignment

Changes in how trade is settled are reshaping capital flows, reserve strategies, and economic alliances.

CONCLUSION

The expansion of non-dollar trade reflects a structural evolution rather than a sudden shift. While the dollar remains central, alternatives are steadily gaining ground.

As geopolitical and economic pressures persist, the trend toward diversification is likely to continue, influencing both trade and financial systems.

This moment represents a key stage in a broader transformation.

When trade systems evolve, the financial system that supports them must evolve as well.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Countries expand non-dollar trade amid geopolitical tensions"

• Reuters — "Global currency volatility drives shift in trade settlement systems"

~~~~~~~~~~ 

  A Message to Our Currency Holders

If you’ve been holding foreign currency for many years, you were not foolish.

You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:   • No dates • No rates • No hype • No gurus

Instead, we focus on:

• Verifiable developments • Institutional evidence

• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.

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Iraq Economic News And Points To Ponder Tuesday Morning 4-28-26

Baghdad And Erbil Discuss Unifying Customs And Generalizing The "ASYCUDA" System

Money and Business   Economy News – Baghdad   The federal government and the Kurdistan Regional Government discussed on Tuesday the unification of customs procedures and the regulation of the work of border crossings throughout Iraq, during an expanded meeting hosted by the Border Ports Authority in Baghdad.

The authority said in a statement received by “Al-Eqtisad News” that representatives of specialized bodies from both sides participated in the meeting, and discussed mechanisms for unifying customs tariffs and implementing the electronic “ASYCUDA” system at all border crossings, with the aim of facilitating the movement of goods and unifying administrative procedures.

According to the statement, the meeting also addressed customs exemptions, lists of prohibitions and restrictions, standardization and quality control procedures, radiation testing, compliance with the agricultural calendar, as well as addressing unofficial outlets and unifying tax procedures.

According to the statement, the head of the Border Ports Authority, Omar Adnan Al-Waeli, stressed the importance of discussing the issues raised in a positive spirit, while giving priority to facilitating trade between the region and the governorates and meeting the needs of citizens.

He added that standardizing procedures would reduce the burden on drivers and traders, which would reflect positively on the smooth flow of trade and economic stability.

The statement indicated that the meeting comes as part of a series of meetings aimed at unifying customs policy and enhancing economic coordination between Baghdad and Erbil, in light of efforts to reduce trade complexities and raise the efficiency of border crossing management in the country.

The ASYCUDA system is an electronic platform developed by the United Nations through the United Nations Conference on Trade and Development (UNCTAD) to manage customs operations and automate import, export and transit procedures, thereby speeding up clearance, enhancing transparency and increasing collection efficiency.

In Iraq, the government has adopted in recent years the expansion of the system’s application within border crossings, as part of the process of digitizing customs work and reducing paper transactions, with an official direction to generalize it in all crossings and unify procedures between Baghdad and the Kurdistan Region.

The Prime Minister of the Kurdistan Region, Masrour Barzani, confirmed the region’s approval of the implementation of the ASYCUDA electronic customs system, denying any objection, but he requested a technical grace period (about 9 months) to prepare the infrastructure.   https://www.economy-news.net/content.php?id=68441

Discover the features of the e-commerce application and how to register for it.

Money and Business   Economy News – Baghdad   Minister of Trade Atheer Al-Ghurairi explained on Tuesday the details of the electronic merchant application, noting that the application will prevent fraud against citizens wishing to purchase through social media sites.

Al-Ghurairi said that "the e-merchant application is a service to regulate e-commerce by issuing the merchant license electronically and registering the company electronically."

He added: “How can we monitor individuals and entities working in virtual commerce on the internet through social media sites and selling goods without deceiving citizens?” He asked: “How can we protect the real product and prevent it from being exploited by counterfeiters?”

He stated that "this came through the e-commerce system and the issuance of a license through very simple procedures to regulate work with delivery companies and to regulate work with the Ministry of Communications and the Central Bank, and it is developed according to the needs of the market, the type of trade, and the variables," noting that "e-commerce protects the citizen from counterfeit goods and protects the merchant from counterfeiting his goods by parties that do not produce these goods, while protecting the market and preserving it and subjecting it to regulatory and legal authorities and regulating the electronic market, which is a market that should not be underestimated, and which is expected to develop greatly."https://www.economy-news.net/content.php?id=68437

Iranian Exports To Iraq Via The Mehran Border Crossing Increased By 100% During The Month.

Money and Business  Economy News – Baghdad   Iranian exports to Iraq via the Mehran International Land Border Crossing recorded remarkable growth during the Iranian month of Farvardin, which extends from March to April 2026, as they increased by 100 percent compared to the same period last year, in an indication of growing trade activity between the two countries.

Sohrab Kamari, the Director General of Customs in Iran’s Ilam Province, said that the volume of exports passing through the Mehran crossing exceeded 246,000 tons of goods, with a value exceeding $60 million in just one month, stressing that the crossing is witnessing active daily shipping traffic of up to about 600 trucks heading towards Iraqi markets.

He added that the Mehran border crossing maintained the smooth flow of trade despite regional challenges, noting that work continued around the clock to ensure that goods did not accumulate and to expedite the arrival of goods to Iraq, given the important economic artery that the crossing represents between the two sides.

The Iranian official noted that Iraqi demand for Iranian goods remains high, particularly for agricultural products, building materials, ceramics, clinker, plastic utensils, live fish, and reinforcing steel, which are among the most prominent goods exported during the aforementioned period.

He explained that this increase reflects the expanding presence of Iranian products within the Iraqi market, based on the diversity of supply and competitive prices, as well as geographical proximity and ease of transport through land ports.

The Mehran border crossing is one of the most important land crossings used in trade between Iran and Iraq, as it connects the Iranian province of Ilam with the central and southern Iraqi provinces, making it a major passage for the daily flow of goods and trucks. https://www.economy-news.net/content.php?id=68434