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Seeds of Wisdom RV and Economics Updates Monday Afternoon 5-4-26
Good Afternoon Dinar Recaps,
Hormuz Showdown Escalates: U.S.–Iran Standoff Threatens Global Energy and Trade Stability
Naval operations, rising tensions with China, and a tightening Strait of Hormuz are pushing the global financial system toward heightened risk
Good Afternoon Dinar Recaps,
Hormuz Showdown Escalates: U.S.–Iran Standoff Threatens Global Energy and Trade Stability
Naval operations, rising tensions with China, and a tightening Strait of Hormuz are pushing the global financial system toward heightened risk
OVERVIEW (KEY POINTS)
The U.S.–Iran conflict has entered a more dangerous phase as military threats, naval operations, and geopolitical tensions converge around the Strait of Hormuz, a critical global energy chokepoint.
This escalation is happening now following the U.S. launch of “Project Freedom”, aimed at guiding stranded ships, while Iran warns it will attack any foreign military presence in the strait.
Key players include the United States, Iran, China, and regional allies, all navigating a rapidly evolving situation with direct implications for oil supply and global trade routes.
The broader implication is significant: control over energy flows is becoming a central lever of geopolitical power, increasing systemic stress across global financial markets.
KEY DEVELOPMENTS
1. U.S. Launches “Project Freedom” Naval Operation
The U.S. is taking direct action in the strait.
Operation designed to escort and guide stranded commercial vessels
Framed as a humanitarian effort but signals increased military involvement
2. Iran Issues Direct Military Threats
Tensions are escalating rapidly.
Iran warns it will attack U.S. forces entering the Strait of Hormuz
Declares foreign interference a violation of ceasefire conditions
3. Strait of Hormuz Effectively Under Iranian Control
A critical global chokepoint is restricted.
Roughly 20% of global oil and LNG flows impacted
Shipping disruptions creating global supply uncertainty
4. U.S. Pressures China Over Iran Ties
Geopolitical stakes expand beyond the region.
U.S. accuses China of financially supporting Iran
Calls on Beijing to intervene diplomatically and help reopen trade routes
5. Global Energy and Trade Systems Strained
Economic consequences are building.
Oil prices remain elevated despite intervention efforts
Shipping delays and rerouting increasing costs across global supply chains
WHY IT MATTERS
This situation highlights a critical reality: energy chokepoints like Hormuz are central to global financial stability.
Markets are reacting to the risk of prolonged disruption, with volatility spreading across energy, shipping, and currency markets.
For policymakers, the escalation complicates efforts to manage inflation and growth, as higher energy costs feed directly into global price pressures.
At the system level, this underscores a deeper shift: geopolitical control over trade routes is increasingly influencing financial outcomes.
WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS
Oil price spikes weaken import-dependent currencies
Inflation reduces purchasing power globally
Safe-haven currencies may strengthen amid uncertainty
Exchange rate volatility increases with geopolitical risk
IMPLICATIONS FOR THE GLOBAL RESET
Pillar 1: Energy Control Reshapes Financial Power
Control of key supply routes like Hormuz is becoming a primary driver of economic and monetary influence.
Pillar 2: Geopolitical Fragmentation Accelerates
Rising tensions between major powers signal a move toward a more divided and multipolar financial system.
CONCLUSION
The escalation in the Strait of Hormuz marks a critical inflection point in the global financial landscape.
As military operations expand and diplomatic tensions rise, the risks extend far beyond the region, impacting energy markets, trade flows, and financial stability.
This is not just a regional conflict—it is a reflection of how geopolitics is reshaping the foundations of global finance.
When energy routes become battlegrounds, the global financial system feels the shockwaves.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Al Jazeera — "Iran war: What’s happening on day 66 as Trump announces Hormuz mission?"
Al Jazeera — "US official says China is ‘funding’ Iran, urges Beijing to help open Hormuz"
~~~~~~~~~~
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Iraq Economic News and Points To Ponder Monday Afternoon 5-4-26
Iran War: What’s Happening On Day 66 As Trump Announces Hormuz Mission?
EXPLAINER News US-Israel war on Iran Trump orders new Hormuz mission after Iran says it receives US response to its peace proposal by Al Jazeera Staff and Reuters Published On 4 May 20 26
United States President Donald Trump has announced a naval mission called Project Freedom to help navigate stranded ships through the Strait of Hormuz, which remains under a de facto Iranian blockade. The operation will start on Monday, the US president says.
Iran War: What’s Happening On Day 66 As Trump Announces Hormuz Mission?
EXPLAINER News US-Israel war on Iran Trump orders new Hormuz mission after Iran says it receives US response to its peace proposal by Al Jazeera Staff and Reuters Published On 4 May 20 26
United States President Donald Trump has announced a naval mission called Project Freedom to help navigate stranded ships through the Strait of Hormuz, which remains under a de facto Iranian blockade. The operation will start on Monday, the US president says.
Iran took control of the Strait of Hormuz, through which one-fifth of global oil and liquefied natural gas supplies pass, days after the US and Israel launched attacks on Iran on February 28.
Despite Trump’s announcement, oil prices have failed to ease as the international benchmark Brent crude was essentially flat on Monday morning.
In response to Trump, top Iranian lawmaker Ebrahim Azizi said any US interference in the strait would be considered a violation of the ceasefire.
Here is what we know as the conflict enters day 66:
In Iran
Responding to Trump’s new naval operation, Iran’s military said on Monday: “Any foreign armed force, especially the aggressive US Army, will be attacked if they attempt to approach and enter the Strait of Hormuz.”
On Sunday, Iran said it received a US response to its latest offer for peace talks after Trump called Tehran’s proposal “unacceptable”.
Iranian Ministry of Foreign Affairs spokesperson Esmaeil Baghaei said on Monday that US allies in the region are aware the US-Israeli war on Iran is not legal but rather a “unilateral step” that goes against international law.
Diplomacy
Pakistani Foreign Minister Mohammad Ishaq Dar and his Iranian counterpart, Abbas Araghchi, have discussed the “regional situation” and “Pakistan’s ongoing diplomatic efforts for peace and stability in the region” in a phone call, Pakistan’s Ministry of Foreign Affairs said in a statement on social media..
After Trump accused NATO allies of not doing enough to support the US in the war on Iran, NATO Secretary-General Mark Rutte said on Monday that European nations have “gotten the message” and are now ensuring that agreements on the use of military bases are being implemented.
The leaders of Australia and Japan have agreed to step up cooperation on energy and critical minerals as the Iran war disrupts global trade.
In the US
Talking about his latest mission for the Strait of Hormuz, Trump said the US would start helping to free ships stranded in the Gulf by the US-Israeli war on Iran. Trump gave few details of the plan to aid ships and their crews that have been “locked up” in the vital waterway and are running low on food and other supplies more than two months after the conflict began.
The unified command of Iran’s armed forces responded by warning US forces to stay out of the strait. Its forces would “respond harshly” to any threat, it added, telling commercial ships and oil tankers to refrain from any movement in the absence of coordination with Iran’s military.
The US has evacuated 22 crew members held on board an Iranian container vessel to Pakistan and will hand them over to Iranian authorities on Monday, Pakistan’s Ministry of Foreign Affairs said, calling the move a “confidence-building measure”.
The United Kingdom Maritime Trade Operations (UKMTO) says the maritime security threat level in the Strait of Hormuz remains critical due to ongoing military operations.
In Lebanon
Israel has attacked at least eight locations in southern Lebanon. Our colleagues at Al Jazeera Arabic are reporting Israel attacked Debaal, Qana, Srifa and Qalaouiyah as well as Zawtar al-Sharqiya, Toulin, Shehour and Braachit. The attacks came after the Israeli military ordered residents to flee from their homes.
According to Lebanon’s National News Agency (NNA), Israeli forces also dropped flares over Braachit overnight and shelled the outskirts of the towns of Safad El Battikh, Yater, Majdel Selm and Chaitiyeh.
KRG Interior Ministry Bans Cryptocurrency Trading, Warns Of Legal Action
ERBIL (Kurdistan24) - The Kurdistan Region's Ministry of Interior of the issued a directive on Sunday prohibiting citizens and commercial entities from engaging in digital currency transactions and electronic financial speculation.
The KRG Interior Ministry said that these activities are legally forbidden, warning that immediate enforcement actions will be taken against violators operating within the region.
The ban formalizes the regional administration's stance against digital assets and speculative trading platforms.
According to the ministry statement, electronic currencies, including stablecoins such as USDT, and the broader "Forex" trading market lack any recognized legal framework or officially licensed companies in the Kurdistan Region and across Iraq.
The ministry emphasized that the decision was coordinated with national regulatory policies and aligns directly with the directives of the Central Bank of Iraq (CBI) and the KRG Ministry of Finance.
The regulatory crackdown includes strict enforcement measures.
According to the statement, authorities will begin identifying and closing any headquarters or offices that practice these activities under the guise of legitimate "companies," and individuals responsible will be referred to the judiciary for prosecution.
The KRG Interior Ministry also urged citizens to avoid these transactions to safeguard their savings and called on individuals who have already lost funds to pursue available legal avenues to reclaim their assets.
Regulatory Rationale
The decision to ban cryptocurrency trading is fundamentally rooted in consumer protection and financial security.
The KRG Interior Ministry noted that the absence of an official framework leaves those who engage in digital currency speculation entirely unprotected from market volatility and fraud.
This regional action mirrors long-standing national anxieties regarding digital assets.
According to Kurdistan24 investigations, Iraq's opposition to cryptocurrencies stems from its fears of unregulated digital currencies posing serious risks to both Iraq's financial system and its national security.
The CBI has consistently cited extreme volatility, the absence of regulatory safeguards, and the potential for criminal exploitation as the primary reasons for maintaining a prohibition on digital assets.
These concerns are amplified by the decentralized nature of the crypto market.
In a report by Al Jazeera journalist Fares al-Khayyam, Mudher Mohammad Saleh, the economic advisor to the Iraqi Prime Minister, emphasized that cryptocurrencies are absolutely prohibited in Iraq because their privacy and decentralization create opportunities for illicit activities.
According to Al Jazeera, Saleh highlighted that the lack of oversight by a central bank or monetary authority makes these digital currencies a tool for money laundering and a mechanism utilized by dangerous organizations.
Iraq's Broader Policy on Cryptocurrencies
The KRG Interior Ministry's ban is the latest enforcement action within a nearly decade-long national policy in Iraq.
The the foundation of Iraq's stance dates back to Dec. 2017, when the CBI issued a formal warning prohibiting banks, financial institutions, and currency traders from dealing in cryptocurrencies.
The CBI warned that traders engaging in crypto transactions would face penalties under the country's Anti-Money Laundering and Terrorist Financing Law.
The Iraqi banking sector has actively enforced this prohibition.
According to the report by the Trade Bank of Iraq, acting on CBI directives, instructed all banks and payment providers to block the use of electronic cards and digital wallets for speculation or trading in any form of digital currency.
Iraq's national policy is also driven by macroeconomic considerations.
Al Jazeera reported that Mustafa Hantoosh, a researcher specializing in financial and banking affairs, ruled out the utility of cryptocurrencies for Iraq's economic development.
According to Al Jazeera, Hantoosh noted that Iraq's economy is structurally dependent on oil exports priced in dollars, and the country does not require decentralized digital currencies to bypass sanctions or facilitate international trade.
Furthermore, Hantoosh warned that introducing cryptocurrencies into the Iraqi market would likely facilitate massive speculation and money laundering rather than foster legitimate economic growth.
While the ban on private cryptocurrencies remains total, the Iraqi government is not entirely opposed to digital finance.
The background report stated that the CBI is actively developing a state-issued central bank digital currency (CBDC), known as the digital dinar.
This controlled digital currency aims to modernize the national payments system, reduce cash leakage, and combat money laundering while strictly preserving the oversight of the central bank. https://www.kurdistan24.net/en/story/911806
UAE Expands Financial And Strategic Reforms Amid Regional Tensions And Energy Realignment
Currency swap talks with the U.S., aviation recovery efforts, and a post-OPEC strategy highlight Abu Dhabi’s push to reshape its economic and security posture
ERBIL (Kurdistan24) — The United Arab Emirates is simultaneously navigating financial diplomacy, post-conflict economic recovery, and a sweeping restructuring of its energy strategy as it responds to the broader geopolitical and economic consequences of recent regional tensions.
The UAE’s Minister of Foreign Trade, Thani Al Zeyoudi, confirmed on Monday that Abu Dhabi is in ongoing discussions with Washington over a potential currency swap line with the United States, while firmly rejecting suggestions that the move represents a bailout request.
Such arrangements, typically established between central banks, allow for the temporary exchange of currencies—primarily to provide access to U.S. dollar liquidity during periods of market stress—and are widely viewed as precautionary tools to support financial stability rather than emergency aid.
Speaking at the “Make it in the Emirates” conference in Abu Dhabi, Al Zeyoudi said the arrangement remains “under discussion,” stressing that the UAE’s objective is to join an “elite group” of countries with similar financial agreements with the U.S. He denied any financial distress motive behind the request.
Last month, however, the Wall Street Journal reported, citing U.S. officials, that the UAE had sought such a facility as a financial safeguard in the event that regional conflict further strains its economy.
The financial discussions come as the UAE continues to recover from significant disruption to its aviation sector. The Dubai Media Office reported on Monday that passenger traffic at Dubai International Airport fell by 66 percent in March, following regional instability and attacks attributed to Iranian retaliation during the Middle East conflict.
The airport, which is typically the world’s busiest for international travel, handled 2.5 million passengers during the period. Authorities said airspace restrictions and disrupted flight schedules severely constrained operations, though conditions have since begun to stabilize.
“With airspace within the UAE now fully restored, Dubai Airports is moving decisively to scale up operations,” the statement said, noting that recovery efforts are underway to restore flight capacity across regional routes.
Dubai Airports CEO Paul Griffiths described the recent downturn as “unprecedented for any major airport hub,” adding that quarterly traffic still fell 21 percent in early 2026 compared to the previous year.
Alongside financial and aviation pressures, the UAE is also undergoing a major shift in its long-term energy policy. The country’s oil chief confirmed that Abu Dhabi’s recent decision to exit OPEC was part of a broader strategy to future-proof the economy rather than a political move targeting any state or bloc.
Sultan Al Jaber said the withdrawal from OPEC and OPEC+ reflects a sovereign decision aligned with the UAE’s industrial and technological ambitions, aimed at accelerating diversification beyond fossil fuels.
“This move was not done in isolation,” Al Jaber said, describing it as part of a broader national effort to integrate energy, technology, and industrial development.
The UAE had long expressed frustration over production limits imposed by OPEC, particularly as it seeks to expand capacity to five million barrels per day by 2027, significantly above current quotas.
The decision also comes amid shifting regional dynamics and strained relations with Saudi Arabia, the de facto leader of OPEC, following disagreements over energy policy and Middle East conflicts.
Despite the geopolitical implications, officials emphasized that the UAE’s exit was conducted on amicable terms. Energy Minister Suhail Al Mazrouei said the decision was made “on good terms,” underscoring that it serves long-term national economic interests.
Meanwhile, Abu Dhabi is also accelerating investments in defense and domestic security technology. Officials from the Emirati defense conglomerate EDGE Group said the country is increasingly self-reliant in electronic warfare systems, including drone jamming capabilities used during recent attacks.
Faisal Al Bannai, adviser to the UAE president and chairman of EDGE Group, said the country now produces the majority of its defensive jamming systems domestically and aims to achieve full local production of air defense capabilities in the coming years.
As the UAE recalibrates its economic, financial, and security posture, the convergence of external pressures and internal reforms highlights a broader strategy aimed at strengthening resilience while reducing dependence on traditional geopolitical and energy frameworks.
More Iraq News Posted by Tishwash at TNT 5-4-2026
TNT:
Tishwash: Following the arrival of a new shipment of dollars, an economic expert predicts an improvement in the value of the dinar.
Economic expert Nabil al-Marsoumi confirmed on Saturday the arrival of a new shipment of US dollars in Baghdad, as part of US support related to the upcoming phase and the formation of the new government.
Al-Marsoumi stated in a Facebook post, "Iraq receives approximately one billion dollars monthly, distributed in two cash installments," noting that "the shipment that arrived yesterday is part of this ongoing financial support."
He added, "The arrival of this dollar liquidity will contribute to improving the exchange rate of the Iraqi dinar next week."
TNT:
Tishwash: Following the arrival of a new shipment of dollars, an economic expert predicts an improvement in the value of the dinar.
Economic expert Nabil al-Marsoumi confirmed on Saturday the arrival of a new shipment of US dollars in Baghdad, as part of US support related to the upcoming phase and the formation of the new government.
Al-Marsoumi stated in a Facebook post, "Iraq receives approximately one billion dollars monthly, distributed in two cash installments," noting that "the shipment that arrived yesterday is part of this ongoing financial support."
He added, "The arrival of this dollar liquidity will contribute to improving the exchange rate of the Iraqi dinar next week."
Injecting dollars into the markets strengthens monetary stability and reduces fluctuations in the exchange rate against the Iraqi dinar, especially given the recent surge in demand for foreign currency.
The United States has been transferring funds to Baghdad in amounts ranging from $400 million to $500 million at a time for many years, and these payments are linked to Iraqi oil sales.
The United States had suspended dollar shipments to Iraq last April, in what it described as a "temporary" measure.
US President Donald Trump announced yesterday, Friday, that he strongly supports Prime Minister-designate Ali al-Zaidi, and that al-Zaidi won with US assistance. link
************
Tishwah: Al-Danbous: Al-Zaydi's government will be formed quickly due to two pressure factors.
Former MP Adnan Al-Danbous reveals two factors that pressured the formation of the government of the designated Ali Falih Al-Zaidi.
Al-Danbous told Al-Furat News Agency: “The cabinet will be formed quickly for two main reasons: the first is the governing constitutional deadlines, and the second is the imminent departure of more than 180 MPs to perform the Hajj pilgrimage, which may push for a vote on the cabinet before their departure.”
He added that "the challenges facing the Al-Zaidi government are enormous at the regional, international, security and economic levels," noting that "Iraq is going through an economic crisis as a result of the decline in oil exports to 10%, in addition to conditions set by the United States regarding sending dollars to Iraq, along with a clear recession in the local markets."
On the security front, Al-Danbous noted that "the repercussions of the tension between Iran and the United States have cast a shadow over Iraq, increasing the magnitude of the challenges facing the next government."
He stressed "the need for wisdom, experience, and support from political forces, along with the selection of competent advisors to support the prime minister-designate in managing these complex issues."
Al-Danbous pointed out that the coordinating framework and political forces will support the prime minister-designate and seek to make his government program a success, indicating that “Al-Zidi’s nomination for prime minister was a big surprise on the political scene and in the Iraqi street.” link
************
Tishwash: Nechirvan Barzani visits Baghdad to discuss government formation and relations between the region and the central government.
The President of the Kurdistan Region, Nechirvan Barzani, is heading to Baghdad today, Monday, for a two-day official visit to discuss a number of important political issues with Iraqi leaders .
According to a statement issued by the Presidency of the Region, which was reviewed by Al-Sa’a Network, “Barzani will hold a series of meetings with senior officials in the federal government, addressing developments in the political process in Iraq, the issue of forming the new government, in addition to relations between Erbil and Baghdad and a number of other issues of common interest .”
Barzani is accompanied by a delegation of prominent figures, including Foreign Minister Fuad Hussein, Chief of Staff of the Presidency Fawzi Hariri, Director of the Office Nouri Othman, in addition to Abdul Hakim Khosrow and Falah Mustafa .
Barzani is scheduled to meet with leaders of the Coordination Framework, as well as hold a meeting with caretaker Prime Minister Mohammed Shia al-Sudani .
He will also hold a meeting with Prime Minister-designate Ali al-Zubaidi, in addition to a meeting with the head of the Wisdom Movement, Ammar al-Hakim, and leaders of the National Political Council, as part of consultations aimed at strengthening political stability in the country link
************
Tishwash: The budget is postponed… The continuation of salaries in the region depends on temporary mechanisms and monthly agreements.
The budget has not yet been finalized, but the mechanism for disbursing salaries to employees of the Kurdistan Region continues according to the current arrangements, which depend on sending monthly data that includes lists of salaries and revenues.
Jamal Kojar, a member of the parliamentary finance committee, announced that the federal government has until next July to send the draft budget law to parliament, stressing that “until the budget law is approved, the salaries of Kurdistan Region employees will continue to be disbursed according to the current mechanism.”
Kujer said: “The Iraqi government can send the draft budget law to parliament as late as June and July without any legal problem arising, even though it should have been sent in October of last year under the Financial Management Law.”
According to the MP, the government could send a draft similar to the “Food Security Law” to Parliament to provide financial liquidity for the implementation of projects, as salaries and necessary expenses are currently secured according to the (1/12) principle of the Financial Management Law.
Regarding the financial entitlements of the Kurdistan Region, Kojer reassured that the process of sending salaries would not stop, adding: “The process of disbursing salaries to employees and recipients in the Kurdistan Region will continue with the same current mechanism until the budget law is approved.”
Currently, the Kurdistan Regional Government is required to send payroll lists, trial balances, and non-oil revenues monthly to Baghdad in order to receive salaries.
In order to receive salaries from Baghdad, the Kurdistan Regional Government currently has to send monthly payroll lists, trial balances, and non-oil revenues.
At the same time, the Iraqi Ministry of Oil must confirm to the Ministry of Finance in an official letter that oil exports through the Kurdistan Region have stopped, and then the salary funds will be disbursed. link
Seeds of Wisdom RV and Economics Updates Monday Morning 5-4-26
Good Morning Dinar Recaps,
Oil Shock Triggers Global Policy Shift: Central Banks Turn Hawkish as Financial Stress Builds
Surging energy prices and escalating geopolitical tensions are forcing a global rethink of monetary policy, currencies, and economic stability
Good Morning Dinar Recaps,
Oil Shock Triggers Global Policy Shift: Central Banks Turn Hawkish as Financial Stress Builds
Surging energy prices and escalating geopolitical tensions are forcing a global rethink of monetary policy, currencies, and economic stability
OVERVIEW (KEY POINTS)
Global financial markets are entering a new phase of stress as oil prices surge sharply due to escalating tensions in the Strait of Hormuz, a critical global energy chokepoint.
This is happening now after reports of military confrontation risks pushed oil above $110+ per barrel, triggering immediate reactions across currencies, bonds, and equities.
Key players include major central banks, energy markets, and global investors now adjusting to a reality of persistent inflation and prolonged high interest rates.
The broader implication is clear: energy-driven inflation is forcing a global policy shift that could reshape the financial system’s foundation.
KEY DEVELOPMENTS
1. Oil Prices Spike on Escalation Risk
Energy markets are reacting instantly.
Brent crude jumped over 5% in a single move amid military tensions
Supply fears tied to disruptions in the Strait of Hormuz, a key global oil route
2. Central Banks Shift Toward “Higher for Longer”
Policy expectations are changing rapidly.
Major institutions now expect no U.S. rate cuts through 2026
Global central banks signaling continued tightening or delayed easing
3. Inflation Pressures Reignite Globally
Energy is driving the next inflation wave.
Oil shocks feeding into transport, food, and manufacturing costs
Policymakers warning of second-round inflation effects
4. Currency Markets React to Energy Imbalance
Foreign exchange volatility is rising.
U.S. dollar strengthening as a safe haven amid uncertainty
Oil-importing nations seeing currency pressure and capital outflows
5. Growth Risks Increase as Costs Surge
Economic outlook is weakening.
Higher energy prices acting as a tax on global growth
Central banks facing the risk of stagflation conditions
WHY IT MATTERS
This moment highlights a critical turning point: energy markets are now dictating monetary policy direction, rather than the other way around.
Financial markets are adjusting to a world where inflation is no longer temporary, but structurally tied to geopolitical risk and supply constraints.
For policymakers, the dilemma is intensifying—raising rates slows growth, while easing risks entrenching inflation.
At the system level, this signals a deeper shift toward fragmentation, volatility, and reduced global coordination.
WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS
Purchasing power declines as inflation accelerates
Currency volatility increases due to energy imbalances
Stronger dollar pressures weaker economies
Import-dependent nations face heightened financial strain
IMPLICATIONS FOR THE GLOBAL RESET
Pillar 1: Energy-Driven Monetary Realignment
Oil shocks are forcing central banks into longer-term restrictive policies, reshaping global liquidity and credit conditions.
Pillar 2: Currency System Rebalancing
Diverging economic impacts between energy exporters and importers are accelerating a shift in currency strength and global financial influence.
CONCLUSION
The surge in oil prices and resulting policy shifts mark more than a temporary disruption—they signal a structural transformation in the global financial system.
As inflation persists and central banks adjust, the ripple effects are spreading across currencies, trade, and economic growth.
This environment reflects a new reality: geopolitical risk is now a primary driver of financial conditions worldwide.
When energy markets dictate policy, the global financial system enters a new era of structural change.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — "Oil jumps after Iran’s navy said it halted a US warship"
Reuters — "Barclays sees no Fed rate cuts in 2026 amid inflation risks"
~~~~~~~~~~
🌱 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 Monday Morning 5-4-26
The Dollar Is Approaching 200,000 Tomans After Trump's Decision.
Money and Business Economy News - Follow-up The price of the US dollar in the Iranian free market approached the 200,000 toman mark on Monday, in one of the sharpest waves of decline for the Iranian currency, amid growing concern over escalating tensions in the Strait of Hormuz after US President Donald Trump announced a new move regarding ships stranded there. Data from exchange rate monitoring platforms showed that the dollar's selling price reached about 190,900 tomans, with a clear upward trend, which reinforced traders' expectations that it could reach the 200,000 toman level if political and security pressures continue.
The Dollar Is Approaching 200,000 Tomans After Trump's Decision.
Money and Business Economy News - Follow-up The price of the US dollar in the Iranian free market approached the 200,000 toman mark on Monday, in one of the sharpest waves of decline for the Iranian currency, amid growing concern over escalating tensions in the Strait of Hormuz after US President Donald Trump announced a new move regarding ships stranded there. Data from exchange rate monitoring platforms showed that the dollar's selling price reached about 190,900 tomans, with a clear upward trend, which reinforced traders' expectations that it could reach the 200,000 toman level if political and security pressures continue.
This increase coincides with Trump's announcement that the United States will begin, on Monday morning, assisting ships stranded in the Strait of Hormuz and guiding them out of the waterway.
Trump dubbed the operation "Project Freedom," warning that any interference or obstruction would be met with force, while the US Central Command confirmed its participation in the efforts.
In response, Iran warned US forces against entering the strait, asserting that it would retaliate against any foreign military action it deemed a threat. https://www.economy-news.net/content.php?id=68657
First Deputy Speaker Of Parliament: Oil And Gas Law And Popular Mobilization Forces Law Are At The Top Of The Agenda For Mps And Relevant Committees
Baghdad – One News 5/03/2026 The First Deputy Speaker of the Iraqi Parliament, Adnan Faihan, confirmed on Saturday that there is movement within Parliament to proceed with the legislation of a number of important and delayed laws, most notably the Oil and Gas Law (HCL) and the Popular Mobilization Forces Law.
Faihan said, “There are many important laws, some of which are very delayed, such as the oil and gas law, the Popular Mobilization Forces law in its first and second parts, and the Federal Civil Service law, which are among the priorities of the House of Representatives.”……..
He added that “there is a movement to read and discuss important laws, which represent a priority for the work of the House of Representatives and the political forces, to work on legislating these laws in Parliament.”
https://1news-iq.net/النائب-الأول-لرئيس-مجلس-النواب-قانونا/
Iraq's Imports Of Brazilian Poultry Declined During 2025 Despite Stable Global Exports
Money and Business Economy News - Follow-up Brazil's poultry meat exports remained almost completely stable during 2025, with notable changes in the map of major importers, the most prominent of which was the clear decrease in imports from Iraq.
According to data from the Brazilian Animal Protein Association report, the UAE maintained its leading position in the whole chicken import market with 230,000 tons during 2025, achieving a growth rate of 5.8%, followed by Saudi Arabia, then Kuwait, Yemen and Qatar.
The association added in its report on Brazilian poultry exports for 2025 that Iraq came in ninth place, after its imports declined from 49.9 thousand tons in 2024 to 34.5 thousand tons in 2025, a significant decrease of 30.8%, making it one of the markets with the most significant declines on the list.
She noted that Japan topped the list in the chicken parts category, despite recording a slight decrease, followed by South Africa, Saudi Arabia and the Philippines, while China witnessed a sharp decline exceeding 55%, and Iraq did not appear among the top ten importers in this category, reflecting its limited presence in this sector specifically.
At the level of total chicken exports (whole and pieces), the UAE continued to lead with an import volume of about 480,000 tons, followed by Japan, then Saudi Arabia, South Africa and the Philippines, while Iraq came in eleventh place globally, as its imports decreased from 179,800 tons in 2024 to 138,900 tons in 2025, recording a decline of 22.7%.
The association explained that Brazil’s total poultry meat exports reached 5.16 million tons during 2025, a very slight increase of 0.11% compared to 2024, indicating general stability in the global market, despite the large disparity between importing countries.
Iraq’s decline is one of the most prominent indicators in the report, whether in whole or total chicken, which may reflect shifts in the local market or a change in import sources during the recent period. https://www.economy-news.net/content.php?id=68656
Iraqi Trial Cement Shipments Enter Syria Via Key Border Crossings
2026-05-03 Shafaq News- Baghdad/ Damascus Iraqi cement exports to Syria have begun on a trial basis, with shipments entering gradually to test procedures and ensure smooth operations at border crossings.
Musheer al-Ramah, head of the media office for Syria’s border crossings and customs authority, indicated that shipment volumes are expected to increase progressively based on evaluations during the initial operational phase, with the aim of improving transport and supply efficiency.
He noted that coordination is being carried out through direct communication channels between Syrian and Iraqi authorities, including the exchange of pre-shipment lists, precise scheduling of crossings, and efforts to unify customs and technical procedures to accelerate processing and strengthen oversight.
Shipments are primarily entering through the al-Tanf–al-Waleed crossing, with cement also beginning to arrive via the al-Yarubiyah–Rabia crossing, as part of a plan to distribute trade flows across multiple cross points to ease pressure and enhance flexibility.
Al-Ramah indicated that increased cement imports are expected to boost local supply, reduce price volatility, and support the construction sector and related industries.
https://shafaq.com/en/Economy/Iraqi-trial-cement-shipments-enter-Syria-via-key-border-crossings
Oil Prices Hold Above $100 Despite Trump’s Hormuz Escort Plan
2026-05-04 Shafaq News Oil prices eased on Monday after President Donald Trump said the United States would begin an effort to assist ships stranded in the Strait of Hormuz, but the lack of a U.S.-Iran peace deal kept the market supported above $100.
Brent crude futures fell 6 cents, or 0.1%, to $108.11 a barrel by 0400 GMT after settling down $2.23 on Friday. U.S. West Texas Intermediate was at $101.50 a barrel, down 44 cents, or 0.4%, following a $3.13 loss on Friday.
"The broader market remains tightly supported by persistent supply disruptions and geopolitical uncertainty," said Priyanka Sachdeva, analyst at Phillip Nova.
"Unless there is a clear and sustained resolution that restores normal flows through the Strait of Hormuz, oil prices are likely to remain elevated, with risks still tilted toward further upside."
Trump said on Sunday that the U.S. will guide ships safely out of the Strait of Hormuz, but oil prices stayed above $100 a barrel, with no peace deal in sight and shipping through the strategic waterway still constrained.
Negotiations between the U.S. and Iran continued over the weekend with the countries assessing responses from each other.
Trump has made securing a nuclear deal with Tehran a priority, but Iran wants to defer nuclear talks until after the war and first lift rival blockades on Gulf shipping.
On Sunday, the Organization of the Petroleum Exporting Countries and their allies, or OPEC+, said they will raise oil output targets by 188,000 barrels per day in June for seven members, the third consecutive monthly rise.
The increase is the same as that agreed for May minus the share of the United Arab Emirates, which left OPEC on May 1. However, the higher volume will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait of Hormuz.(Reuters)https://shafaq.com/en/Economy/Oil-prices-hold-above-100-despite-Trump-s-Hormuz-escort-plan
Iraq’s Total Revenues Drop 13% In Early 2026
2026-05-04 Shafaq News- Baghdad Iraq’s public finances posted a decline in early 2026, with revenues falling to just over 15.7 trillion dinars ($12B) in January and February, the Ministry of Finance showed on Monday.
Total revenues stood at 15.708 trillion dinars ($12B), down 13% from 17.427 trillion dinars ($13.3B) recorded during the same period in 2025.
Oil remained the backbone of state income, generating 13.127 trillion dinars ($10B) and accounting for 84% of total revenues. Non-oil sources contributed 2.581 trillion dinars ($2B).
The data also indicated that non-oil revenues transferred from the Kurdistan Region to the federal treasury amounted to 120 billion dinars ($91.6M) over the two-month period.
On the expenditure side, total current spending stood at 16.978 trillion dinars ($13.0B). Public sector salaries absorbed 10 trillion dinars ($7.6B), while pensions totaled 3 trillion dinars ($2.3B). Social welfare payments amounted to 912 billion dinars ($696M).
https://shafaq.com/en/Economy/Iraq-s-total-revenues-drop-13-in-early-2026
MilitiaMan & CREW IRAQ DINAR UPDATE-Iraq-CBI-Quiet Work in Background-GOI-Progresses-End Goal-REER-Oil & Gas
MilitiaMan & CREW IRAQ DINAR UPDATE-Iraq-CBI-Quiet Work in Background-GOI-Progresses-End Goal-REER-Oil & Gas
5-3-2026
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.
Follow MM on X == https://x.com/Slashn
MilitiaMan & CREW IRAQ DINAR UPDATE-Iraq-CBI-Quiet Work in Background-GOI-Progresses-End Goal-REER-Oil & Gas
5-3-2026
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.
Follow MM on X == https://x.com/Slashn
Be sure to listen to full video for all the news……..
Seeds of Wisdom RV and Economics Updates Sunday Afternoon 5-3-26
Good Afternoon Dinar Recaps,
De-Dollarization Accelerates: Global Shift Away from Dollar Reshapes Financial Power
Rising geopolitical tensions and reserve diversification are driving a structural move toward a multipolar currency system
Good Afternoon Dinar Recaps,
De-Dollarization Accelerates: Global Shift Away from Dollar Reshapes Financial Power
Rising geopolitical tensions and reserve diversification are driving a structural move toward a multipolar currency system
OVERVIEW (KEY POINTS)
A growing number of countries are accelerating efforts toward de-dollarization, reducing reliance on the U.S. dollar in global trade and reserves.
This shift is happening now due to geopolitical tensions, sanctions policies, and rising U.S. debt, which have prompted nations to seek greater financial independence.
Key players include BRICS nations and emerging markets, alongside central banks increasing exposure to gold and local currencies.
The broader implication is significant: the global financial system is gradually transitioning from a dollar-dominated model toward a more multipolar structure.
KEY DEVELOPMENTS
1. De-Dollarization Moves From Theory to Practice
The shift is now operational.
Countries increasing use of local currencies in trade settlements
Reduced reliance on dollar-based transaction systems
2. Central Banks Accelerate Reserve Diversification
Reserve strategies are evolving.
Increased accumulation of gold and non-dollar assets
Dollar share of global reserves continuing its long-term decline
3. Geopolitical Tensions Drive Currency Strategy
Policy decisions are influencing finance.
Sanctions and trade restrictions seen as currency weaponization
Nations seeking insulation from external financial control
4. U.S. Debt Levels Raise Long-Term Concerns
Fiscal pressure is influencing global confidence.
U.S. national debt surpassing $39 trillion
Concerns over long-term currency stability and purchasing power
5. Emerging Markets Gain Financial Confidence
Global balance is shifting.
Stronger capital markets enabling independent financial strategies
Developing economies pushing for greater monetary autonomy
WHY IT MATTERS
This development highlights a structural transition: the dominance of a single global reserve currency is being challenged.
Markets are gradually adjusting as trade flows, reserves, and pricing mechanisms begin to reflect greater currency diversification.
For policymakers, this creates a more complex system where currency influence is distributed rather than centralized.
At the system level, this signals a shift toward fragmentation and multipolar financial governance.
WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS
Reduced dollar dominance may impact exchange rates globally
Purchasing power shifts as currency baskets evolve
Increased volatility during transition phases
Opportunities in alternative currencies and assets
IMPLICATIONS FOR THE GLOBAL RESET
Pillar 1: Multipolar Currency System Emergence
The global system is gradually shifting toward multiple influential currencies, reducing reliance on a single reserve standard.
Pillar 2: Reserve Asset Realignment
Central banks are restructuring reserves toward gold and diversified currency holdings, redefining financial stability frameworks.
CONCLUSION
De-dollarization is no longer a fringe concept—it is becoming a measurable and accelerating global trend.
While the U.S. dollar remains dominant, the direction of change is clear: countries are building alternatives to reduce dependency.
This transition will take time, but its implications are profound, affecting trade, policy, and financial stability worldwide.
The global financial system is not collapsing—but it is steadily being rebalanced.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
~~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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 Sunday Afternoon 5-3-26
Egypt's Exports To Iraq Are Expected To Rise To $880 Million During 2025
Money and Business Economy News – Baghdad Foreign trade estimates for 2025 indicate that the value of Egyptian exports to Iraq will rise to about $880 million, compared to about $815.9 million in 2024, registering a growth of nearly 8%, driven by increased demand in the Iraqi market for Egyptian goods.
Egypt's Exports To Iraq Are Expected To Rise To $880 Million During 2025
Money and Business Economy News – Baghdad Foreign trade estimates for 2025 indicate that the value of Egyptian exports to Iraq will rise to about $880 million, compared to about $815.9 million in 2024, registering a growth of nearly 8%, driven by increased demand in the Iraqi market for Egyptian goods.
According to data from the United Nations International Trade Commission (UN COMTRADE), the most prominent Egyptian exports to Iraq for 2025 were electrical and electronic equipment, valued at approximately $159.76 million, followed by plastic products at approximately $108.20 million, then edible vegetables and some roots and tubers at $75.05 million, while various food preparations were valued at approximately $74.21 million.
She added that exports of fruits, nuts, citrus peels, and melons reached approximately $51.51 million, while exports of furniture, prefabricated buildings, and lighting reached about $51.09 million. Iron and steel products also recorded significant levels within the building materials category. Essential oils and cosmetics were valued at $77.2 million, and pharmaceuticals and medicinal products at approximately $36.5 million.
Egyptian exports to Iraq during 2025 are concentrated in a number of key sectors, primarily food products such as canned goods, oils, dairy products and pasta, building materials such as iron, cement and ceramics, in addition to electrical appliances, plastic products, chemicals and pharmaceutical products, as well as the growth of exports of fruits and agricultural products.
This distribution reflects the continued reliance of the Iraqi market on Egyptian goods, especially in the food and building materials sectors, coinciding with the expansion of reconstruction projects and the rise in local demand, which strengthens Iraq’s position as one of the five most important Arab markets for Egyptian exports.
https://www.economy-news.net/content.php?id=68616
Iraq: 11,000 Tons Of Sulfur Exported Through Khor Al-Zubair Port
Money and Business Economy News – Baghdad The Border Ports Authority reported on Sunday that it had facilitated the export of 11,000 tons of sulfur through the Khor Al-Zubair port.
A statement issued by the Authority and received by “Al-Eqtisad News” stated that it continues its efforts to support the national economy and promote non-oil exports, through direct supervision and facilitation of the export of a quantity of (11) thousand tons of sulfur material through the Khor Al-Zubair port.
He pointed out that the necessary procedures for exporting sulfur were carried out in accordance with the approved regulations and instructions, and in coordination with the relevant authorities.
The authority affirmed its commitment to simplifying procedures while maintaining standards of control and regulation, ensuring smooth operations at all border crossings. https://www.economy-news.net/content.php?id=68610
Minister Of Construction: The Financial Crisis Has Halted The Second Phase Of Projects To Alleviate Traffic Congestion In Baghdad.
Money and Business Minister of Construction and Housing, Benkin Rikani, confirmed on Saturday that the traffic congestion crisis in Baghdad is caused by the presence of 4 million cars in the capital. He also indicated that the second phase of traffic congestion relief projects has been halted due to funding issues.
Rikani stated, "We in the Ministry of Construction and Housing, the Baghdad Municipality, and the Baghdad Governorate worked as a unified team with the assistance of other ministries. The idea was to solve the traffic crisis." He explained that "Baghdad is supposed to have only 500,000 cars, but now it has more than 4 million."
Rikani pointed out that "the idea was to address the congestion because in some areas during peak hours, a car needs more than an hour to cross, while in others it takes less than an hour."
He explained that "21 intersections with 16 contracts have been awarded for investment, but there are challenges within the city that differ from those outside it." He noted that "the second phase projects were not completed due to the financial crisis; there were 20 projects in the second phase of the traffic congestion relief initiative."
Rikani added, "We have worked on constructing five bridges over the Tigris River, and their completion rate has reached over 80%." He pointed out that "the previous regime, throughout its entire rule, only completed seven bridges, and this is considered a significant achievement that reflects our work and joint cooperation."
He explained that "according to the latest population census, the results indicated that 80% of Iraqis own housing units, which was surprising to us." He noted that "the services provided for each plot of land (water and sewage networks, electricity, roads, and sidewalks) cost the state 16 million dinars."
He indicated that "the prices of housing units in Baghdad have decreased compared to the last four years, and we did not give the land to investors for free. There are 18 trillion dinars over the past two and a half years, which is the state's share of the housing units granted to investors." https://www.economy-news.net/content.php?id=68586
Gold Prices Fell By More Than $100 Last Week.
Money and Business Economy News - Follow-up When global financial markets closed, the price of an ounce of gold fell by $10, trading at $4,612.
During the past week, the price of one ounce of gold has fallen by more than $100.
Fears of increased inflation due to the fallout from the war with Iran have prompted traders to turn more towards the dollar, leading to a drop in gold prices.
Metals markets remain under pressure from hawkish signals from major central banks; some US Federal Reserve officials have warned of rising inflation as a result of higher energy prices, while the European Central Bank, the Bank of England and the Bank of Japan have all indicated that interest rates will be raised in the near future.
Raising interest rates under normal circumstances usually leads to a decrease in metal prices.
Meanwhile, Iranian media reported on Friday that Tehran had submitted a new peace proposal through Pakistan, but US President Donald Trump said, "Iran wants to make a deal, but I am not happy with it."
https://www.economy-news.net/content.php?id=68560
EIA: Iraq’s Oil Exports To US Surge Over The Week
2026-05-03 Shafaq News- Baghdad/ Washington Iraq’s crude oil exports to the United States rose 147,000 barrels per day (bpd) last week, US Energy Information Administration (EIA) data showed on Sunday.
Iraqi shipments averaged 195,000 bpd last week, sharply higher than the previous week’s average of 48,000 bpd.
Total US crude imports from seven major suppliers fell 1.386 million bpd from 6.622 million bpd the previous week to 5.236 million bpd. Canada remained the top supplier at 3.974 million bpd, followed by Venezuela with 310,000 bpd, Mexico with 292,000 bpd.
Imports also included Colombia at 191,000 bpd and Ecuador at 100,000 bpd. No oil was imported from Libya, Brazil, or Nigeria this week. https://shafaq.com/en/Economy/EIA-Iraq-s-oil-exports-to-US-surge-over-the-week-8
USD/IQD Exchange Rates Drop In Baghdad And Erbil
2026-05-03 Shafaq News- Baghdad/ Erbil The US dollar opened Sunday’s trading lower in Iraq, hovering around 153,000 dinars per 100 dollars.
According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 152,900 dinars per 100 dollars, down from the previous session’s 153,100 dinars.
In the Iraqi capital, exchange shops sold the dollar at 153,500 dinars and bought it at 152,500 dinars, while in Erbil, selling prices stood at 152,850 dinars and buying prices at 152,650 dinars.
https://shafaq.com/en/Economy/USD-IQD-exchange-rates-drop-in-Baghdad-and-Erbil-6
Gold Steadies In Baghdad, Edges Lower In Erbil
2026-05- Shafaq News- Baghdad/ Erbil On Sunday, gold prices hovered around one million IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.
Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 996,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 992,000 IQD, unchanged from Saturday.
The selling price for 21-carat Iraqi gold stood at 966,000 IQD, while the buying price reached 962,000 IQD.
In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 995,000 and 1.005 million IQD, while Iraqi gold sold for between 965,000 and 975,000 IQD.
In Erbil, 22-carat gold was sold at 1.039 million IQD per mithqal, 21-carat gold at 992,000 IQD, and 18-carat gold at 850,000 IQD. https://shafaq.com/en/Economy/Gold-steadies-in-Baghdad-edges-lower-in-Erbil
Iraq Braces For 11 GW Power Shortfall Ahead Of Summer
2026-05-03 Shafaq News- Baghdad Iraq is expected to face a power shortfall of about 11 gigawatts (GW) during peak summer demand in 2026, amid lagging electricity production and tightening gas supplies, the Washington-based Attaqa platform reported on Sunday.
According to the platform’s survey, electricity production stood at 29 GW at the end of January, while peak demand is projected at around 40 GW. The shortfall has been exacerbated by declining Iranian gas imports, which fell to about 15 million cubic meters per day last week from 20 million the previous week.
Iraq’s financial capacity to secure fuel has also been constrained, with oil revenues dropping by nearly 90% since the start of the US–Israeli war on Iran and the closure of the Strait of Hormuz on February 28. Baghdad is now seeking to reduce dependence on imports by expanding domestic gas production, while aiming to generate 7,500 megawatts of solar power through 15 projects backed by General Electric and Siemens.
Efforts to link Iraq’s grid with neighboring countries are also ongoing, but implementation faces “technical and financing challenges that could delay relief.” Without sustained progress on these fronts, Iraq risks recurring power shortages during peak summer demand, Attaqa warned.
Iraq’s Electricity Ministry earlier said supply cuts from Iran removed more than 3,000 megawatts from the national grid after gas flows dropped sharply, forcing authorities to manage shortages.
Read more: In darkening Baghdad, oil lamps return as power fears grow
https://shafaq.com/en/Economy/Iraq-braces-for-11-GW-power-shortfall-ahead-of-summer
Some “Iraq News” Posted by Tishwash at TNT 5-3-2026
TNT:
Tishwash: Economist: Federal Reserve transfers boost central bank reserves and support exchange rate stability
Economic expert Salah Nouri said on Sunday that the arrival of installments of Iraqi funds from the US Federal Reserve directly impacts cash liquidity and the Central Bank's reserves, noting the effect of this on the stability of the exchange rate.
Nouri told Al-Furat News Agency that "the arrival of a batch of Iraqi funds from the US Federal Reserve enhances the cash liquidity of the Ministry of Finance, as the ministry sells dollars to the Central Bank of Iraq."
TNT:
Tishwash: Economist: Federal Reserve transfers boost central bank reserves and support exchange rate stability
Economic expert Salah Nouri said on Sunday that the arrival of installments of Iraqi funds from the US Federal Reserve directly impacts cash liquidity and the Central Bank's reserves, noting the effect of this on the stability of the exchange rate.
Nouri told Al-Furat News Agency that "the arrival of a batch of Iraqi funds from the US Federal Reserve enhances the cash liquidity of the Ministry of Finance, as the ministry sells dollars to the Central Bank of Iraq."
He added that “the Central Bank’s receipt of quantities of dollars strengthens its foreign reserves, which increases its ability to provide dollars for travel purposes, especially for pilgrims, medical treatment and studying abroad, in addition to meeting the needs of traders through external transfers,” indicating that “this contributes to reducing the demand for dollars in the parallel market, which may lead to a decrease in the exchange rate.”
He noted that "the aforementioned exchange operations depend on the size of the amounts transferred from the US Federal Reserve." link
************
Tishwash: Faihan: The oil and gas law and the Popular Mobilization Forces law are among the priorities of the House of Representatives.
The First Deputy Speaker of Parliament, Adnan Faihan Al-Dulaimi, confirmed on Sunday that many important laws are on the parliament's table, while indicating that the oil and gas law and the Popular Mobilization Forces law are among the priorities of the House of Representatives' work.
Faihan told the Iraqi News Agency (INA): “After the parliamentary committees within the House of Representatives completed their work, they began studying the laws and submitting them to the Speaker of the House of Representatives,” adding that “the committees started with a package of laws that were presented for the first reading, and we have another package of laws that will be presented gradually on the agenda according to their importance.”
He continued, "There are several important laws that will be among the priorities of the political forces and the federal government to include on the council's agenda," adding that "the oil and gas law and the Popular Mobilization Forces law will be among the priorities of the House of Representatives." link
************
Tishwash: Ali al-Zaidi: We will form a government with a strong economy, with everyone's participation.
Prime Minister-designate Ali al-Zaidi confirmed on Saturday (May 2, 2026), during his visit to Sulaymaniyah Governorate, that he enjoys "great acceptance" among the political forces in the region, noting that the Kurdish parties have shown their clear support for the formation of the new government.
Al-Zaydi said in a press statement followed by “Baghdad Today”, that “the anticipated government will have a strong economy and be able to face the challenges”, noting that “there is great acceptance from the Kurdish parties supporting our government, in which everyone will participate.”
Prime Minister-designate Ali Faleh al-Zaidi met with Kurdistan Regional Government Prime Minister Masrour Barzani during his visit to Erbil, which he arrived in on Saturday morning, accompanied by a delegation of leaders from the Coordination Framework.
Al-Zaydi also met with the President of the Kurdistan Democratic Party, Masoud Barzani, in Erbil, in the presence of a delegation from the Coordination Framework. The meeting addressed the overall situation in the country and the course of the ongoing dialogues to form the government.
In the same context, Al-Zaidi held a meeting with the President of the Kurdistan Region, Nechirvan Barzani, during which they discussed the latest political developments in the country, before concluding his tour in Sulaymaniyah with a meeting with the President of the Patriotic Union of Kurdistan, Bafel Talabani, to discuss efforts to form the new government. link
************
Tishwash: Next week is crucial for passing Al-Zaidi's government, even with a simple majority, and there is optimism about its economic success
MP Murtadha al-Ibrahimi stated that he believes the government will proceed next week, even if it only secures a simple majority (half plus one) with the current 23 ministries.
Speaking to Al-Mirbad during his appearance on the "Al-Mutabi" program, al-Ibrahimi said that al-Zidi was the Coordination Framework's choice as a compromise candidate and received unanimous support. This, he explained, gives him national momentum, followed by international endorsements, which he sees as a positive indicator for his government.
Al-Ibrahimi predicted that al-Zidi will succeed in managing the country and is capable of leading the next phase, which he believes will be primarily economic.
Regarding his approach to dealing with factions and consolidating weapons under state control, al-Ibrahimi acknowledged the challenges of the internal situation. However, he believes that with the cooperation of all political forces, in coordination with international and regional actors, and considering the shared interests that bind Iraq to other countries in the region, there are all indicators pointing towards the success of al-Zidi's government. He added that the ministerial program currently being drafted will be the effective solution for addressing the Iraqi situation.
Al-Ibrahimi further stated that, to date, the distribution of ministries has not been discussed as much as the process of establishing a mechanism or criteria for allocating sovereign and other ministries based on electoral merit and parliamentary representation.
He indicated that they are optimistic about the government of Ali Faleh al-Zaidi amidst all the internal, regional and international welcome, and this requires support to make his government a success so that he and his cabinet can reach the shore of safety with the Iraqi people, according to al-Ibrahimi’s expression. link
************
Tishwash: The Prime Minister-designate arrives in Kurdistan accompanied by a delegation from the Coordination Framework
Baghdad/Al-Masalla: Prime Minister-designate Ali Faleh Al-Zaidi arrived in the Kurdistan Region on Saturday, accompanied by a delegation from the Coordination Framework.
The media office of the Prime Minister said in a statement received by Al-Masalla that the Prime Minister-designate, Ali Falih al-Zaidi, arrived in the Kurdistan Region of Iraq, accompanied by a delegation from the coordination framework. link
**************
Tishwash: The Prime Minister-designate: We have gained the acceptance and support of the Kurdish parties.
Prime Minister-designate Ali Faleh al-Zaidi and the head of the National Position Movement, Ali Hama Saleh, stressed on Saturday the importance of unifying visions and positions and prioritizing the national interest.
The Prime Minister’s Media Office stated in a statement received by Al-Maalomah that “Prime Minister-designate Ali Falih Al-Zaidi met with the head of the National Position Movement, Ali Hama Salih, during his visit to Sulaymaniyah Governorate, noting the acceptance of the Kurdish parties and their support for the new government.”
The statement added that "the meeting reviewed the developments in the general situation in the country and the steps taken to form the new government, in addition to emphasizing the importance of unifying visions and positions and prioritizing the national interest, in order to proceed with forming a government capable of facing challenges, consolidating stability, and fulfilling the aspirations of the Iraqi people." link
Seeds of Wisdom RV and Economics Updates Sunday Morning 5-3-26
Good Morning Dinar Recaps,
Inflation Surge Returns: Energy Shock and Central Bank Divide Signal Global System Strain
Rising oil prices and persistent inflation are forcing central banks into conflicting strategies, increasing pressure on the global financial system
Good Morning Dinar Recaps,
Inflation Surge Returns: Energy Shock and Central Bank Divide Signal Global System Strain
Rising oil prices and persistent inflation are forcing central banks into conflicting strategies, increasing pressure on the global financial system
OVERVIEW (KEY POINTS)
Global markets are facing a renewed wave of instability as inflation accelerates again, driven largely by surging energy prices tied to ongoing geopolitical conflict.
This is happening now because oil shocks are feeding directly into consumer prices, while central banks struggle to determine whether to tighten policy further or protect slowing economic growth.
Key players include the U.S. Federal Reserve, European Central Bank, and other global institutions now navigating a deepening policy divide amid rising inflation risks.
The broader implication is clear: persistent inflation combined with policy fragmentation is increasing systemic stress and signaling deeper structural shifts in the global financial system.
KEY DEVELOPMENTS
1. Inflation Data Comes in Stronger Than Expected
Price pressures are reaccelerating.
U.S. inflation running near 3.5%, above target
Inflation spreading beyond energy into core sectors
2. Oil Shock Drives Second-Wave Inflation
Energy is feeding broader cost increases.
Rising oil impacting manufacturing, packaging, and transport costs
Secondary price increases expected across consumer goods and services
3. Central Banks Face Growing Policy Divide
Monetary strategy is fragmenting.
Some central banks signaling rate hikes to control inflation
Others hesitating due to growth slowdown risks
4. Stagflation Risks Begin to Emerge
Growth and inflation are moving in opposite directions.
Economies facing slower growth with rising prices
Central banks caught between inflation control and economic stability
5. Global Economies Feel Uneven Impact
Pressure is spreading unevenly across regions.
Emerging economies experiencing higher inflation spikes
Advanced economies showing resilience but rising risk exposure
WHY IT MATTERS
This moment highlights a critical shift: inflation is no longer easing as expected and is becoming structurally embedded again.
Markets are reacting with increased volatility as investors reassess expectations for interest rates, growth, and asset valuations.
For policymakers, the challenge is intensifying—raising rates risks slowing economies further, while holding back allows inflation to persist and spread.
At the system level, this signals a move toward a more fragmented and less predictable global financial environment.
WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS
Purchasing power declines as inflation rises globally
Currency volatility increases due to policy divergence
Stronger dollar pressures weaker currencies
Higher import costs strain local economies
IMPLICATIONS FOR THE GLOBAL RESET
Pillar 1: Inflation Restructures Monetary Policy
Persistent inflation is forcing central banks to abandon synchronized easing and adopt divergent strategies, increasing systemic instability.
Pillar 2: Energy Markets Drive Financial Realignment
Energy shocks are reshaping global pricing systems, trade flows, and economic policy frameworks, accelerating structural change.
CONCLUSION
The return of strong inflation, combined with rising energy costs, marks a critical inflection point for the global financial system.
As central banks diverge and economic pressures build, the system is becoming more sensitive to shocks and less coordinated in response.
This is not a temporary disruption—it reflects a deeper transformation in how global finance responds to inflation, energy, and geopolitical risk.
When inflation returns and policy divides widen, the foundation of the global financial system begins to shift.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — "Recent inflation data was ‘bad news,’ Fed’s Goolsbee says"
Business Insider — "Second wave of inflation from Iran war expected to hit consumers"
~~~~~~~~~~
🌱 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
~~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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
The Last Time America Hit 100% Debt-to-GDP, A Golden Age Followed
The Last Time America Hit 100% Debt-to-GDP, A Golden Age Followed
Notes From the Field By James Hickman (Simon Black / Sovereign Man) April 30, 2026
In the spring of 1946, hundreds of thousands of American soldiers were coming home from Europe and the Pacific, maimed, bruised, and shell-shocked. The economy they returned to was upside down.
Detroit was making tanks, not automobiles. Factories were making bullets, not baby carriages. Food was rationed. Fuel was scarce. And, overall, life in America had been bleak for the better part of two decades. The Great Depression gave way to a stretch of war that led many Americans to fear that their kids would soon be speaking German and goose-stepping with the Hitler Youth.
The Last Time America Hit 100% Debt-to-GDP, A Golden Age Followed
Notes From the Field By James Hickman (Simon Black / Sovereign Man) April 30, 2026
In the spring of 1946, hundreds of thousands of American soldiers were coming home from Europe and the Pacific, maimed, bruised, and shell-shocked. The economy they returned to was upside down.
Detroit was making tanks, not automobiles. Factories were making bullets, not baby carriages. Food was rationed. Fuel was scarce. And, overall, life in America had been bleak for the better part of two decades. The Great Depression gave way to a stretch of war that led many Americans to fear that their kids would soon be speaking German and goose-stepping with the Hitler Youth.
Government finances were equally bleak. Between all of the massive public works programs of the Great Depression and eye-popping costs of World War II, the US national debt topped 100% of GDP by the mid-1940s.
And yet that moment was the beginning of a new Golden Age.
Think about the world at the time: Britain was bankrupt. Germany and Japan had been turned to rubble. And the Soviets had won their part of the war by feeding twenty million bodies into the meat grinder.
America came out the other side with full manufacturing capacity intact, the dollar enthroned as the world's reserve currency, and virtually no economic competition anywhere.
What followed was two decades of suburb-building, highway-laying, automobile-making, and semiconductor-launching prosperity. There were bumps along the way, but on balance the economic trajectory of America was up and to the right.
Consequently, the US national debt started falling. And it’s easy to understand why. By 1946 there was no more war, no more depression.
The United States had just spent four years consuming every available resource to defeat the Nazis. But once the war ended, military spending (and hence the budget deficit) dropped like a rock. Congress started to run budget surpluses and used them to pay down the debt.
Over the next three decades, America’s debt-to-GDP ratio fell from 106% in 1946 to just 23% by the mid-1970s.
This week, fresh data from the Bureau of Economic Analysis confirmed that America's debt-to-GDP ratio has officially crossed 100% once again.
One caveat: this number is based on what the government calls "debt held by the public"; it conveniently leaves out the trillions of dollars that Washington “owes itself”, including Social Security trust fund IOUs, federal pension obligations, and other intragovernmental holdings.
Well, that money has to be repaid too. Pretending otherwise might make the debt appear smaller. But a broader, most honest measure of the debt right now is actually 130% of GDP, well beyond the WWII record.
But fine, we’ll use the government’s official number of 100%, which is just announced this morning.
Yes, America has been here before. 100% is not unprecedented. But there is a major difference.
Back in 1946, the debt was at 100% of GDP because the US had just defeated the Nazis. The debt binge ended when the war ended.
In 2026, the United States is not fighting Hitler. There is no once-in-a-century pandemic. There is no specific crisis that, once over, will allow Congress to bring spending back into line.
Rather, the debt is so high because the debt is so high.
Interest on the federal debt is over $1 trillion per year. That’s a huge chunk of tax revenue. The rest of America’s tax revenue is consumed by mandatory entitlements like Social Security and Medicare.
Literally everything else, including the military, roads, and light bill at the White House, are funded with more debt.
So in other words, the deficit is structural and permanent. It will be there no matter how much Congress cuts... if they were even interested in fiscal reform.
And yet Congress shows no interest in spending cuts. Even when the most rampant and obvious fraud is presented with a bow on it, Congress does nothing.
Even worse— people who actually try to stop the fraud get publicly crucified, arrested, or sued.
In 1946, the political momentum of the United States focused on growth, productivity, and fiscal discipline. In 2026, all of it points the other way.
And the dollar's status as the world's reserve currency— a major advantage that helped pay down the postwar debt— is also slipping.
Foreign central banks have been quietly selling US Treasuries and buying physical gold at the fastest pace in modern history. Since the start of the year, they have unloaded tens of billions of dollars worth of US government bonds, and the interest rate on Treasurys have climbed in response.
That shows how foreign confidence draining out of the dollar in real time.
Now, none of this means the world is ending.
We are not pessimistic people. Humanity's best days are still ahead. The technological advances now arriving in robotics, artificial intelligence, nuclear power, and biotech are not incremental upgrades; they are giant leaps for mankind.
Civilization will improve, productivity will rise, and the economic problems will sort themselves out.
But getting there requires persevering through the next several years of challenges... during which time we expect the average American to see a lower standard of living driven by higher taxes, persistent inflation, and a regulatory burden that gets heavier by the day.
Of the three, inflation looks the most baked in. Foreign governments are abandoning the dollar at a rapid pace, so the Federal Reserve will almost certainly step in to ‘print money’ and bail out the Treasury.
The impact will be more inflation.
This is why we continue to write that real assets are the right place to be. In difficult and conflict-prone times, the basics like food, water, energy, critical industrial metals, and productive technology become the world's most valuable resources. They hold their value regardless of which currency happens to be in fashion, or how high inflation goes.
And the key point is that, right now, many of the best real asset producers— which have huge upside ahead— are trading at absurd discounts. So it’s a great time to consider this strategy.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Seeds of Wisdom RV and Economics Updates Saturday Afternoon 5-2-26
Good Afternoon Dinar Recaps,
Hormuz Shock Escalates: Oil Spike and Sanctions Threats Push Global System Toward Breaking Point
Severe disruption in the world’s most critical النفط corridor is driving energy prices higher and forcing financial systems into a new phase of instability
Good Afternoon Dinar Recaps,
Hormuz Shock Escalates: Oil Spike and Sanctions Threats Push Global System Toward Breaking Point
Severe disruption in the world’s most critical النفط corridor is driving energy prices higher and forcing financial systems into a new phase of instability
OVERVIEW (KEY POINTS)
Global markets are under mounting stress as the Strait of Hormuz crisis deepens, with both military tension and financial restrictions tightening simultaneously.
This is happening now because oil flows through one of the world’s most critical chokepoints have been severely disrupted, while new U.S. warnings on sanctions are complicating global shipping operations.
Key players include the United States, Iran, OPEC+, global shipping firms, and central banks now reacting to rapidly rising oil prices and supply uncertainty.
The broader implication is clear: energy supply disruption combined with financial enforcement mechanisms is accelerating systemic strain across the global economy.
KEY DEVELOPMENTS
1. Oil Prices Surge to Multi-Year Highs
Energy markets are under extreme pressure.
Crude prices have surged above $120–$125 per barrel amid supply disruptions
Analysts warn of potential fuel shortages and inflation spikes
2. Strait of Hormuz Effectively Disrupted
Critical global supply route is constrained.
Roughly 20% of global oil flows through the strait
Shipping traffic significantly reduced due to conflict and security risks
3. U.S. Threatens Sanctions on Shipping Firms
Financial pressure is escalating.
Companies warned against paying Iranian transit fees
Violations could trigger sanctions enforcement and penalties
4. OPEC+ Faces Supply Constraints Despite Planned Increases
Production policy meets reality.
OPEC+ signaling output increases, but physical supply remains limited
Export constraints preventing meaningful market relief
5. Central Banks Confront New Inflation Shock
The policy environment is tightening again.
Rising oil prices feeding into global inflation expectations
Increasing difficulty balancing growth vs. price stability
WHY IT MATTERS
This situation represents a direct collision between geopolitics and global finance, where physical supply disruption is now amplified by financial restrictions like sanctions.
Markets are reacting with heightened volatility across energy, currencies, and bond yields, reflecting uncertainty about how long disruptions will persist.
For policymakers, rising energy costs are reigniting inflation just as economies were attempting to stabilize, complicating decisions on interest rates and liquidity.
At the system level, this highlights a key vulnerability: global finance depends on stable energy flows—and that stability is now under threat.
WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS
Purchasing power declines as energy-driven inflation rises
Currency volatility increases due to trade imbalances
Oil-importing nations face significant pressure
Dollar strength may persist amid global uncertainty
IMPLICATIONS FOR THE GLOBAL RESET
Pillar 1: Energy Control Reshaping Financial Power
Disruptions in critical energy routes are reinforcing the importance of resource control in global financial influence.
Pillar 2: Financial Enforcement Expands Beyond Markets
Sanctions tied to shipping and trade signal a shift toward financial systems being used as tools of geopolitical enforcement.
CONCLUSION
The escalation in the Strait of Hormuz is not just a regional issue—it is a global financial stress event with far-reaching consequences.
As oil prices surge and shipping becomes more restricted, the effects are cascading across inflation, trade, and monetary policy.
This moment underscores a deeper shift: energy security and financial stability are now inseparable.
When the world’s most critical energy artery is constrained, the global financial system feels it immediately.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — "OPEC+ set for output hike despite Hormuz disruption"
New York Post — "US warns shipping firms over Iran toll payments"
~~~~~~~~~~
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Thank you Dinar Recaps
Iraq Economic News and Points To Ponder Saturday Afternoon 5-2-26
Iraq’s Central Bank says dollar flows steady despite oil halt
2026-05-02 Shafaq News- Baghdad US dollar transfers to Baghdad are continuing normally despite the halt in oil export revenues, Central Bank of Iraq (CBI) Governor Ali Al-Allaq said on Saturday, rejecting reports of a stoppage.
Iraq’s Central Bank says dollar flows steady despite oil halt
2026-05-02 Shafaq News- Baghdad US dollar transfers to Baghdad are continuing normally despite the halt in oil export revenues, Central Bank of Iraq (CBI) Governor Ali Al-Allaq said on Saturday, rejecting reports of a stoppage.
Speaking at the Sin Dialogue Forum, Al-Allaq confirmed that public-sector salaries remain secured, noting that the CBI will “continue supporting” the government despite reduced fiscal flexibility following the suspension of Iraq’s main oil export outlet amid the ongoing blockade of the Strait of Hormuz by Iran and the United States.
Transfers now account for about 95% of total dollar sales after the bank shifted operations into regulated channels aligned with anti-money laundering and counter-terrorism financing rules, while annual cash imports were reduced from around $14 billion to roughly $4 billion, limited mainly to travelers. Al-Allaq explained that the central bank cannot lend directly to the government but can use alternative tools, including securities, to manage liquidity and sustain spending.
He added that there are no restrictions on foreign currency transfers or sales, noting that dollars remain available for trade and travel, while the parallel market rate is unofficial and outside the bank’s framework.
The United States has for years transferred cash shipments to Baghdad in amounts ranging between $400 million and $500 million per tranche, tied to Iraq’s oil revenues. Washington suspended these transfers in April, according to US reports at the time, citing an escalation in attacks by Iran-linked armed groups against American interests. However, Iraqi economist Nabil Al-Marsoumi indicated that a new shipment of US dollars has arrived in Baghdad as part of ongoing monthly transfers.
Read more: Iraq’s oil bottleneck: Abundance trapped by dependency
https://shafaq.com/en/Economy/Iraq-s-Central-Bank-says-dollar-flows-steady-despite-oil-halt
Oil prices retreat despite continued Strait of Hormuz blockade
2026-05-02 Shafaq News An Iranian proposal on negotiations with the US sent crude oil futures diving on Saturday, but prices remained on track for weekly gains, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude.
Brent crude futures for July settled at $108.17, down $2.23 a barrel, or 2.02%. West Texas Intermediate futures finished at $101.94 a barrel, down $3.13, or 2.98%.
Iran sent its latest proposal for negotiations with the United States to Pakistani mediators on Thursday, state news agency IRNA reported on Friday, a move that could improve prospects for breaking an impasse in efforts to end the Iran war.
Still, the Brent benchmark and WTI were poised for a 2.95% gain over the week. Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down.
"This Iran proposal has given hope to the market that there is an off-ramp for the United States," said Phil Flynn, senior analyst with Price Futures Group.
Oil prices have been on the rise since the U.S. and Israel attacked Iran at the end of February, resulting in the closure of the Strait of Hormuz and the disruption of shipments of about a fifth of the world’s oil and liquefied natural gas supply.
A ceasefire has been in place since April 8. UAE presidential adviser Anwar Gargash said on Friday Tehran could not be trusted over any unilateral arrangements it makes for the Strait of Hormuz, in a sign of deep mistrust on all sides.
By the end of trading on Friday, the oil market appeared to be accepting the uneasy truce in the conflict.
"The market rises and falls on the prospects of an outcome to the conflict," said John Kilduff, partner with Again Capital. "And right now the situation is a stalemate, at least until the market closes."
A senior official of Iran's Revolutionary Guards had threatened on Thursday "long and painful strikes" on U.S. positions if Washington renewed attacks on Iran, pushing oil prices to intraday peaks before retreating. (REUTERS)
https://www.shafaq.com/en/Economy/Oil-prices-retreat-despite-continued-Strait-of-Hormuz-blockade
Basrah Crude Ends Week Higher
2026-05-02 Shafaq News- Basrah Iraq’s Basrah crude grades posted weekly gains of more than 1% last week.
Basrah Heavy edged down by $13.60 in the latest trading session to $121.73 per barrel, while still recording a weekly gain of $1.36, or 1.13%. Basrah Medium also fell by $13.60 to $123.83 per barrel, posting a weekly gain of $1.36, or 1.11%.
Global oil benchmarks rose as investors assessed the impact of the US–Iran war on energy markets amid concerns over possible supply disruptions in the Middle East.
Brent crude futures settled $2.23 lower, or 2.02%, at $108.17 a barrel. US West Texas Intermediate (WTI) ended at $101.94 a barrel, down $3.13, or 2.98%. Despite the daily losses, both Brent and WTI were still set to close the week with gains of about 2.95%. https://www.shafaq.com/en/Economy/Basrah-crude-ends-week-higher
Dollar Drops In Baghdad, Remains Constant In Erbil
2026-05- Shafaq News- Baghdad/ Erbil The US dollar opened Saturday’s trading lower in Iraq, hovering around 153,000 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,100 dinars per 100 dollars, down from the previous session’s 153,900 dinars.
In the Iraqi capital, exchange shops sold the dollar at 153,500 dinars and bought it at 152,500 dinars, while in Erbil, selling prices stood at 153,700 dinars and buying prices at 153,600 dinars.
https://www.shafaq.com/en/Economy/Dollar-drops-in-Baghdad-remains-constant-in-Erbil
US Dollar Shipment Arrives In Baghdad, Dinar Set For Short-Term Gain
2026-05-02 Shafaq News- Baghdad A new shipment of US dollars has arrived in Baghdad as part of ongoing monthly transfers, Iraqi economist Nabil al-Marsoumi indicated on Saturday, linking the flow to the next phase of political developments and government formation.
Al-Marsoumi stated that Iraq receives about $1 billion each month in two cash installments, noting that the latest delivery falls within this continuing financial arrangement. He indicated that the inflow of dollar liquidity is expected to support the Iraqi dinar’s exchange rate in the coming week. The US dollar opened today’s trading lower in Iraq, hovering around 153,000 dinars per 100 dollars. https://www.shafaq.com/en/Economy/US-dollar-shipment-arrives-in-Baghdad-dinar-set-for-short-term-gain
Gold Prices Hold Ground In Baghdad, Dip In Erbil
2026-05-02 Shafaq News- Baghdad/ Erbil Gold prices in Iraq held steady in Baghdad while declining in Erbil on Saturday, with 21-carat gold trading at 996,000 dinars per mithqal in the capital and dropping to 993,000 dinars in the Kurdistan Region.
According to Shafaq News market survey, wholesale markets on al-Nahr Street in Baghdad recorded a selling price of 996,000 dinars per mithqal for 21-carat Gulf, Turkish, and European gold, with a buying price of 992,000 dinars, unchanged from Thursday.
Iraqi 21-carat gold was sold at 966,000 dinars per mithqal and bought at 962,000 dinars.
Retail prices showed Gulf 21-carat gold selling between 995,000 and 1.005 million dinars per mithqal, while Iraqi gold ranged between 965,000 and 975,000 dinars.
In Erbil, prices declined, with 22-carat gold selling at 1.040 million dinars per mithqal, 21-carat at 993,000 dinars, and 18-carat at 851,000 dinars. https://www.shafaq.com/en/Economy/Gold-prices-hold-ground-in-Baghdad-dip-in-Erbil
Hormuz Disruption Raises Egg Prices In Iraq
2026-05-02 Shafaq News- Baghdad Egg prices in Iraq have risen to around 80,000 Iraqi dinars (about $61) per carton following an increase in poultry feed costs linked to the continued closure of the Strait of Hormuz, the Eco Iraq Observatory stated on Saturday.
In a statement, the observatory said prolonged disruption in the strategic waterway had increased the cost of key feed components. Soybean meal, a primary ingredient, rose from 550,000 dinars (about $420) to 700,000 dinars (about $535) per ton.
The price of premix, a blend of vitamins and nutrients used in poultry feed, also climbed from 1.5 million dinars (about $1,145) to 2 million dinars (about $1,530) per ton, according to the statement.
The official price for a carton of table eggs ranges between 60,000 dinars (about $46) and 65,000 dinars (about $50), depending on size. However, the observatory noted that cartons are currently being sold for around 80,000 dinars (about $61) by traders, describing them as speculators violating regulations set by the Ministry of Agriculture.
Eco Iraq urges the government to “authorize egg imports temporarily to reduce production costs and bring prices back to previous levels.”
Meanwhile, Iraq had reached record egg production, with output hitting approximately 7 billion eggs in August 2022. Authorities at the time permitted exports to Gulf countries, as a “policy aimed at strengthening domestic agriculture and boosting local production.”
https://www.shafaq.com/en/Economy/Hormuz-disruption-raises-egg-prices-in-Iraq