More Iraq News Posted by Tishwash at TNT 5-5-2026

TNT:

Tishwash:  Parliamentary emphasis on the priority of enacting the oil and gas law

The Parliamentary Oil, Gas, and Natural Resources Committee stressed the importance of the government expediting the submission of draft laws, foremost among them the draft oil and gas law, given its pivotal role in regulating the management of natural resources and developing this vital sector.

During its regular meeting on Monday, the committee discussed the mechanisms for the upcoming phase, particularly organizing meetings with relevant stakeholders and officials from the Ministry of Oil, with the aim of following up on files related to the oil and gas sectors and enhancing institutional coordination.  link

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Tishwash:  Kurdish demands on the table for the next government: oil, salaries, and Article 140

 Political reactions continue to pour in regarding Prime Minister-designate Ali al-Zaidi's visit to the Kurdistan Region and his meetings with Kurdish leaders in Erbil and Sulaimaniyah. This visit has been described as pivotal in the process of forming the next government, with many emphasizing its importance in solidifying understandings between Baghdad and Erbil.

In this context, Suzan Mansour, a leading figure in the Patriotic Union of Kurdistan (PUK), affirmed that al-Zaidi's visit is a "necessary" step to ensure the impartiality of the next government and to strengthen trust among the various political factions.

Mansour stated that "al-Zaidi's visit to the region sends a reassuring message that the upcoming government seeks to maintain an equal distance from all forces and components," adding that "the issues raised by the region are not new, but rather long-standing demands that require fundamental solutions within the framework of the upcoming government program."

She added that “the most prominent Kurdish demands include securing the salaries of the region’s employees, enacting the oil and gas law, activating Article 140 of the Constitution, and guaranteeing the region’s share of the federal budgets.” She noted that “raising these issues at this time aims to end the chronic disputes between Baghdad and Erbil and find common ground for government action.”

For his part, Kurdistan Democratic Party (KDP) leader Mahma Khalil revealed details of the meetings between al-Zaidi and the region’s leaders, confirming that the party was among the first to support him in the process of forming the next government.

Khalil said that “the meetings held by the prime minister-designate with both Masoud Barzani and Nechirvan Barzani were fruitful, and during them, the party’s support for the next government was confirmed.” He explained that “Barzani laid out three fundamental pillars for participation in the government: genuine partnership in decision-making, achieving balance within state institutions, and adopting political consensus among all parties.”

Regarding the parliamentary stance, Khalil clarified that “the decision by Democratic Party MPs not to attend parliamentary sessions is a temporary suspension, not a withdrawal or boycott of the political process,” noting that “other political forces have previously taken this measure for various reasons.”

This political activity comes at a time when the Iraqi political scene is witnessing intensive efforts to bridge the gaps between political forces, particularly concerning the long-standing points of contention between the federal government and the Kurdistan Region, amid anticipation of the outcome of ongoing discussions regarding the formation of the next government and its political program. link

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Tishwash:  Iraq reduces oil prices for buyers who decide to pass through the Strait of Hormuz

Bloomberg reported on Tuesday that Iraq is offering significant discounts on oil shipments to long-term contract buyers in May, but tankers must still transit the Strait of Hormuz to collect cargoes from within the Gulf, amid escalating regional tensions.

According to a notice from Iraq's State Oil Marketing Organization (SOMO), reviewed by Bloomberg, the discounts offered by the OPEC member reach $33.40 per barrel for Basra Medium crude, compared to official prices. The notice, dated May 3, outlines varying pricing levels throughout the month in an effort to incentivize buyers, despite the risks associated with shipping.  link

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Tishwash:  Parliament announces it will receive the government program from Al-Zidi by the end of this week.

 Parliament Speaker Hebat al-Halbousi confirmed on Monday (May 4, 2026) that the parliament will receive the government program from Ali al-Zaidi, who is tasked with forming the new government, by the end of this week, while he indicated that the names of the ministerial cabinet will be put to a vote next week.

The media office of the House of Representatives said in a statement received by "Baghdad Today" that "the House of Representatives concluded its twenty-second session held today, Monday, under the chairmanship of Speaker Hebat Al-Halbousi and with the attendance of 217 members, four draft laws."

She added that "the Speaker of the Council confirmed at the beginning of the session that the House of Representatives will receive, at the end of this week, the government program from Ali al-Zidi, who is tasked with forming the new government, in order to inform the members of the Council about it and study it by the Strategic Planning and Government Program Committee," noting that "the names of the ministerial cabinet will be presented next week for a vote by the House of Representatives."  link

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Tishwash:  Sudani and Barzani stress the need to expedite the formation of the new government

Prime Minister Mohammed Shia al-Sudani and President of the Kurdistan Region of Iraq, Nechirvan Barzani, discussed on Monday the efforts being made to form the new government, stressing the need to expedite its formation.

 The Prime Minister's Media Office said in a statement that "Prime Minister Mohammed Shia Al-Sudani received the President of the Kurdistan Region of Iraq, Nechirvan Barzani."

The statement added that "the meeting discussed the general situation in the country and reviewed the efforts made to form the new government, stressing the need to expedite its formation in a way that reflects the aspirations and hopes of all the people throughout Iraq."

He added that "the meeting addressed the political, economic and developmental achievements made during the current government's term, with Barzani expressing his appreciation for Al-Sudani's efforts and his keenness to manage understandings leading to legal and constitutional solutions between the federal government and the regional government."

 He explained that "the two sides discussed developments in the region and the tensions it is witnessing, and emphasized the importance of Iraq's efforts in supporting regional and international stability in a way that contributes to strengthening the country's sovereignty." link

Seeds of Wisdom RV and Economics Updates Tuesday Morning 5-5-26

Good Morning Dinar Recaps,

Global Policy Shift Emerges: Central Banks Hold Firm as Inflation Risks Reignite

Sticky inflation and geopolitical pressures are forcing central banks to delay easing, signaling a longer period of tight financial conditions

OVERVIEW (KEY POINTS)

Global monetary policy is entering a new phase as major central banks signal prolonged higher interest rates in response to persistent inflation pressures.

This is happening now due to a combination of rising energy costs, resilient labor markets, and ongoing geopolitical instability, all preventing inflation from cooling as expected.

Key players include the U.S. Federal Reserve, European Central Bank, and other global institutions now aligning around a “higher for longer” stance.

The broader implication is clear: tight financial conditions are becoming structural rather than temporary, increasing pressure across debt markets, currencies, and global growth.

KEY DEVELOPMENTS

1. Central Banks Signal “Higher for Longer”

Policy easing is being delayed.

• Officials indicate interest rates will remain elevated into 2027

• Inflation risks preventing a return to looser monetary conditions

2. Inflation Pressures Persist Globally

Price stability remains elusive.

• Energy and services inflation staying above target levels

• Core inflation proving more stubborn than expected

3. Bond Yields Rise Across Markets

Debt markets are adjusting.

• Government bond yields climbing as expectations shift

• Investors demanding higher returns amid inflation uncertainty

4. Economic Growth Faces Headwinds

Tighter policy is slowing momentum.

• Businesses facing higher borrowing costs

• Investment and expansion plans showing signs of weakening

5. Currency Markets Reflect Policy Divergence

Exchange rates are shifting.

• Stronger currencies linked to higher interest rate environments

• Weaker economies experiencing capital outflows and volatility

 WHY IT MATTERS

This development signals a fundamental shift: the era of easy money is not returning anytime soon.

Markets are being forced to adjust to a reality where liquidity remains constrained and borrowing costs stay elevated, impacting everything from housing to global investment flows.

For policymakers, the balancing act has become more difficult—maintaining high rates risks slowing economies, while lowering them too soon could reignite inflation.

At the system level, this reinforces a transition toward tighter, more disciplined financial conditions globally.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Higher interest rates influence currency strength globally

• Purchasing power remains under pressure from inflation

• Capital flows shift toward higher-yielding economies

• Increased volatility in emerging market currencies

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Structural Tightening of Global Liquidity

Sustained high interest rates are reducing excess liquidity, forcing a revaluation of assets, debt, and financial risk.

• Pillar 2: Monetary Policy Realignment

Central banks are transitioning toward a more inflation-focused, less stimulus-driven framework, reshaping global financial stability mechanisms.

CONCLUSION

The shift toward prolonged high interest rates marks a turning point in global monetary policy.

As inflation remains persistent and geopolitical risks continue, central banks are signaling that tight conditions are here to stay.

This is not a temporary adjustment—it reflects a broader transformation in how economies manage growth, inflation, and financial stability.

When liquidity tightens globally, the entire financial system must recalibrate—and that recalibration is now underway.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Central banks signal higher rates for longer as inflation persists"

• Reuters — "Bond yields rise as investors reassess rate outlook"

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🌱 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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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 Tuesday Morning 5-5-26

Iraq Resumes Syria Trade With 3 Shipments Via Rabia Crossing After 13 Years

2026-05-05 Shafaq News- Nineveh/ Hasakah   The first three commercial shipments from Syria entered Iraq through the Rabia border crossing on Tuesday, Iraq’s General Customs Authority said, ending nearly 13 years of near-total closure.

According to the authority, work is continuing to receive additional shipments in the coming period, with procedures aimed at ensuring compliance and preventing violations.

The Rabia crossing, located between Iraq’s Nineveh province and Syria’s Hasakah, had been largely shut due to security conditions and military operations linked to the Syrian conflict and the ISIS period.

Its reopening on April 20, which makes it the third operational land crossing between Iraq and Syria alongside Al-Qaim-Albu Kamal and Al-Waleed-Al-Tanf, comes as Iraq seeks to revive cross-border trade routes and expand overland transport options after Iran and the United States disrupted traffic through the Strait of Hormuz, which carries roughly 20% of global oil flows.

The reopening also follows shifts in northeastern Syria after a late-January agreement between the Syrian government and the Syrian Democratic Forces (SDF), followed by government visits to crossings in Hasakah to “assess readiness and reopening plans.” https://shafaq.com/en/Economy/Iraq-resumes-Syria-trade-with-3-shipments-via-Rabia-crossing-after-13-years

Iraq Output Tops 4M Bpd As Global Oil Demand Holds Near 105M Bpd

2026-05-05    Shafaq News- Baghdad   Iraq’s oil production exceeds 4 million barrels per day (bpd), placing it among the world’s leading suppliers, as global demand holds steady near 100 to 105 million bpd, according to International Energy Agency (IEA) data released on Tuesday.

Global output is led by the United States, Saudi Arabia, Russia, and Iraq, OPEC’s second-largest producer.

On the consumption side, the United States remains the largest oil consumer at roughly 20.3 million bpd, followed by China at about 16.1 million bpd and India at around 5.2 million bpd. Russia, Saudi Arabia, and Brazil each consume between 3 million and 4 million bpd.

Read more: Iraq’s oil bottleneck: Abundance trapped by dependency

https://shafaq.com/en/Economy/Iraq-output-tops-4M-bpd-as-global-oil-demand-holds-near-105M-bpd

EIA: Iraq Second In OPEC Oil Exports To US In February

2026-05-05 Shafaq News- Baghdad/ Washington   US crude oil imports from the Organization of the Petroleum Exporting Countries (OPEC) climbed above 40 million barrels in February, with Iraq emerging as the second-largest supplier among member states, the US Energy Information Administration (EIA) said on Tuesday.

The United States imported 8.680 million barrels of crude from Iraq, OPEC's second-largest producer, placing it behind Saudi Arabia, which led with 14.749 million barrels. Venezuela followed in third place with 8.149 million barrels.

Nigeria supplied 3.893 million barrels, while Libya exported 3.114 million barrels. Kuwait delivered 1.111 million barrels, followed by Algeria with 412,000 barrels, Gabon with 306,000 barrels, and Equatorial Guinea with 258,000 barrels. The United Arab Emirates contributed 177,000 barrels.

No US crude imports were recorded from Congo or Iran over the same period.

https://shafaq.com/en/Economy/EIA-Iraq-second-in-OPEC-oil-exports-to-US-in-February

Dollar Rises In Baghdad And Erbil Markets

2026-05-05 Shafaq News- Baghdad/ Erbil   The US dollar opened Tuesday’s trading higher 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 153,100 dinars per 100 dollars, up from the previous session’s 152,500 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 153,100 dinars and buying prices at 153,000 dinars.

https://shafaq.com/en/Economy/Dollar-rises-in-Baghdad-and-Erbil-markets-7-8

Gold Prices Climb In Baghdad, Dip In Erbil

2026-05-05 Shafaq News- Baghdad/ Erbil   On Tuesday, gold prices rose in Baghdad to around 980,000 IQD per mithqal for 21-carat gold, while declining in Erbil, according to a market survey by Shafaq News.

Gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 983,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 979,000 IQD, compared to 980,000 IQD on Monday.

The selling price for 21-carat Iraqi gold stood at 953,000 IQD, with a buying price of 949,000 IQD IQD. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 985,000 and 995,000 IQD, while Iraqi gold sold for between 955,000 and 965,000 IQD.

In Erbil, gold prices declined, with 22-carat gold sold at 1,027,000 IQD per mithqal, 21-carat gold at 980,000 IQD, and 18-carat gold at 840,000 IQD. https://shafaq.com/en/Economy/Gold-prices-climb-in-Baghdad-dip-in-Erbil-9

Gold Edges Higher After Slump As Oil Limits Rally

2026-05-05 Shafaq News   Gold prices rose on Tuesday ‌from a five-week low hit in the previous session, although gains were limited as elevated crude oil prices kept inflation fears alive and clouded the U.S. interest rate outlook.

Spot gold rose 0.5% to $4,543.87​per ounce by 0757 GMT, after a more than 2% drop on ​Monday. U.S. gold futures for June delivery were up 0.5% at $4,554.10.

"Prices seem ⁠to be digesting a bit after the return of the 'war trade' across markets ​sent gold lower Monday," said Ilya Spivak, head of global macro at Tastylive.

However, gains were ​capped as Treasury "yields and the dollar pushed higher as a rebound in crude oil stoked inflation fears. That weighed against non-interest-bearing and anti-fiat gold," Spivak said.

The dollar rose and Brent crude hovered above $113 ​a barrel as the U.S. and Iran continued to work towards a truce ​while trading blows over the Strait of Hormuz.

The U.S. military said on Monday it destroyed six Iranian small ‌boats ⁠and intercepted Iranian cruise missiles and drones as Tehran sought to thwart a new U.S. naval effort to open shipping through the Strait of Hormuz.

A stronger U.S. currency makes dollar-priced metals more expensive for holders of other currencies.

Meanwhile, higher crude oil prices can ​stoke inflation, increasing ​the likelihood of higher ⁠interest rates. While gold is considered an inflation hedge, high interest rates make yield-bearing assets more attractive, weighing on its appeal.

Traders ​have largely priced out U.S. interest rate cuts for this year, ​with markets ⁠now seeing a 37% chance of a hike by March 2027, compared with 27% of a reduction a week earlier.

Investors now await a slew of key U.S. data this ⁠week, including ​job openings, the ADP employment report, and the ​April payrolls report.

Spot silver was up 0.8% at $73.29 per ounce, platinum gained 1.7% to $1,978.77, and palladium rose 1.1% ​to $1,496.25.

(REUTERS) https://shafaq.com/en/Economy/Gold-edges-higher-after-slump-as-oil-limits-rally

THE US$ HAS DIED

THE US$ HAS DIED

GoldSwitzerland  by Von Greyerz: 5-4-2026

What happens when money loses almost all of its value?

Egon looks at the decline of fiat currencies as he shares historical examples of currency collapse.

He breaks down what inflation really means and how purchasing power disappears over time (with an example of housing costs from 1926 vs 2026).

Watch the video to learn how to save your future from the weakening fiat money.

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

Seeds of Wisdom RV and Economics Updates Monday Evening 5-4-26

Good Evening Dinar Recaps,

Markets on Edge as Iran Tensions and Oil Disruptions Shake Global Confidence

A prolonged Strait of Hormuz disruption and rising oil prices are fueling volatility and exposing deeper financial system vulnerabilities.

 Overview

U.S. stock futures opened mixed as investors weigh geopolitical escalation between the U.S. and Iran against corporate earnings resilience. At the center of the uncertainty is the closure of the Strait of Hormuz, a critical global oil artery, which is driving energy price volatility and increasing inflationary pressure worldwide.

Key Developments

1. Mixed Market Signals Reflect Investor Uncertainty

Futures trading shows a divided market outlook, with:

• Dow futures slightly lower

• S&P 500 marginally higher

• Nasdaq posting modest gains
  ‍ ‍ This split performance highlights a market balancing short-term optimism from earnings with long-term geopolitical risk.

2. Strait of Hormuz Closure Disrupts Global Energy Flows

The ongoing shutdown of this key shipping route is restricting oil supply, pushing prices higher and intensifying global inflation concerns. As one of the world’s most critical energy corridors, any prolonged disruption could slow global economic growth.

3. Corporate Signals Suggest Underlying Caution

Despite some strong earnings, broader signals show hesitation:

• Berkshire Hathaway has been a net seller of stocks for 14 consecutive quarters, indicating valuation concerns

• GameStop shares declined following acquisition news

• eBay surged, reflecting selective investor confidence
   These mixed signals point to a market lacking clear directional conviction.

4. Geopolitical Risk Continues to Dominate Sentiment

Escalating tensions and military warnings in the region, combined with uncertain diplomatic outcomes, are limiting investor risk appetite. Markets are increasingly sensitive to headline-driven volatility tied to geopolitical developments.

Why It Matters

The convergence of energy disruption, geopolitical instability, and cautious capital flows is creating a fragile financial environment. Historically, such conditions can trigger market corrections, policy responses, or broader financial system adjustments.

Why It Matters to Foreign Currency Holders

• Increased potential for currency volatility tied to oil and risk sentiment

• Strengthening of commodity-linked currencies amid rising energy prices

• Continued pressure on global trade stability and capital flows

Implications for the Global Reset

• Pillar 1: Inflation and Monetary Pressure

Rising oil prices may force central banks to maintain tighter monetary policies, even as growth slows, increasing the risk of stagflation-like conditions.

• Pillar 2: Energy and Trade Realignment

Disruptions in key trade routes like the Strait of Hormuz could accelerate regional energy alliances and alternative trade corridors, reshaping global economic dependencies.

Closing Insight

Markets are showing resilience, but the underlying tone is cautious and reactive. The longer the Strait of Hormuz remains disrupted, the greater the risk that temporary volatility evolves into structural financial stress.

This is not just market volatility — it’s energy-driven financial pressure testing the stability of the global system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "US Stock Futures Mixed as Iran Tensions and Oil Risks Weigh on Market Sentiment"

• Reuters — "Oil prices rise as Strait of Hormuz tensions escalate"

~~~~~~~~~~

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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 Evening 5-4-26

USD Slips Against Dinar In Baghdad And Erbil

2026-05-04 Shafaq News- Baghdad/ Erbil   The US dollar opened Monday's trading lower in Iraq, hovering around 152,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 152,500 dinars per 100 dollars, down from the previous session's 152,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 153,000 dinars and bought it at 152,000 dinars, while in Erbil, selling prices stood at 152,450 dinars and buying prices at 152,350 dinars.

https://shafaq.com/en/Economy/USD-slips-against-dinar-in-Baghdad-and-Erbil

Syrian Adviser Questions Economic Recovery Despite $46M Surplus

2026-05-04 Shafaq News- Damascus   Early signs of economic “recovery” in Syria require cautious interpretation and do not necessarily reflect sustainable structural improvement, government economic adviser Ziad Arabsh told Shafaq News on Monday.

After a visit to Damascus under an “intensive engagement” program, the International Monetary Fund (IMF) pointed to improved economic activity, stronger consumption and trade, and a relative rise in consumer and investor confidence in the country. However, Arabsh said these indicators mask deeper weaknesses, citing estimates by the Syrian Center for Policy Research showing real growth did not exceed 0.3%, while per capita GDP declined by 6%.

He described the reported $46 million budget surplus in 2025, the first since 1990, as “fragile,” driven primarily by strict austerity measures rather than productive gains. Customs revenues accounted for about 39% of total income, while wages and salaries made up roughly 41% of spending, reflecting a focus on short-term support over long-term investment.

According to Arabsh, the relative improvement in activity is largely tied to temporary factors, including stronger agricultural output due to rainfall, limited easing of sanctions, and early signs of regional reintegration, though he warned that structural constraints –including weak infrastructure, high production costs, and liquidity shortages– continue to limit any sustainable recovery.

The government, he acknowledged, has made progress in halting deficit financing through the central bank, improving fiscal transparency, and implementing tax and customs reforms, but major challenges remain, particularly in governance and public sector restructuring.

“The reality is growth without development,” Arabsh said, as recovery indicators have not translated into improved living conditions, with poverty levels still high and large segments of the population facing food insecurity.

In the short term, Arabsh predicted that 2026–2027 could see a return to deficits as public spending expands, with oil revenues expected to play a larger role in state income, and over the medium term, recovery will depend on large-scale investment and reconstruction, requiring “hundreds of billions of dollars and the creation of hundreds of thousands of jobs.”

Arabsh concluded that the most likely scenario is a gradual but uneven recovery, warning of widening social gaps unless policies shift toward inclusive and sustainable development.

https://shafaq.com/en/Economy/Syrian-adviser-questions-economic-recovery-despite-46M-surplus

Gold Prices Fall In Baghdad And Erbil

2026-05-04 Shafaq News- Baghdad/ Erbil   Gold prices declined Monday in Baghdad and Erbil markets, hovering below the million-dinar mark, according to a Shafaq News market survey.

On Baghdad's Al-Nahr Street, wholesale markets recorded a selling price of 980,000 IQD per mithqal (equivalent to five grams) for 21-carat Gulf, Turkish, and European gold, with a buying price of 976,000 IQD, down from 996,000 IQD the previous session.

Iraqi 21-carat gold sold at 950,000 IQD per mithqal, with a buying price of 946,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 980,000 and 990,000 IQD per mithqal, while Iraqi gold sold between 950,000 and 960,000 IQD.

In Erbil, prices also fell, with 22-carat gold selling at 1.030 million IQD per mithqal, 21-carat at 982,000 IQD, and 18-carat at 842,000 IQD.   https://shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-and-Erbil-5-8

Kirkuk Oil Exports Hold At 200K Bpd Amid Kurdistan Supply Drop

2026-05-04 Shafaq News- Kirkuk   Iraq continues to export around 200,000 barrels per day (bpd) of crude oil from Kirkuk, despite a decline in supplies from the Kurdistan Region, sources at the North Oil Company told Shafaq News on Monday.

Approximately 30,000 bpd of the total exports has been supplied from the Kurdistan Region, the sources explained, adding that reduced production in the area in recent weeks, due to the suspension of operations by several oil companies, “has affected overall export volumes.”

A resumption of activity by these companies could increase export volumes through Turkiye to between 400,000 and 500,000 bpd.

“To offset part of the shortfall, the North Oil Company has begun transporting crude from southern fields within Kirkuk province, at a rate of about 50,000 bpd,” the sources said, noting that the oil is delivered by tanker trucks to the K1 station before being pumped through the Kirkuk–Kurdistan pipeline.

These measures are part of an operational plan aimed at maintaining stable oil flows and avoiding a sharp decline in exports amid technical and operational challenges affecting some fields. “The reliance on tanker transport is a temporary solution to sustain supplies until halted fields resume operations, and oil companies return to normal activity.”

The Kirkuk–Kurdistan pipeline remains a key export route, used to transport part of the province’s output along with additional volumes supplied from other areas. The current situation requires coordination between the Iraqi government and the Kurdistan Regional Government “to ensure stable production and exports.”

Read more: Iraq’s oil restart tests a fragile federal compact

https://shafaq.com/en/Economy/Kirkuk-oil-exports-hold-at-200K-bpd-amid-Kurdistan-supply-drop

Iranian Toman Approaches 200,000-Per-Dollar Threshold On Hormuz Tensions

2026-05-04 Shafaq News- Tehran   The US dollar traded at around 190,900 tomans in Iran’s open market on Monday (1 toman = 10 rial) nearing the 200,000 threshold amid mounting pressure on the national currency.

Data from exchange monitoring platforms indicated continued upward movement, with traders expecting further gains if political and security tensions persist.

The rise came after US President Donald Trump announced that Washington would begin assisting stranded vessels in the Strait of Hormuz on Monday, guiding them out of the waterway under the initiative of “Project Freedom,” warning that any interference would be met with force. Iran, in turn, warned US forces against entering the strait, saying it would respond to any foreign military action it deems a threat.

 https://shafaq.com/en/Economy/Iranian-toman-approaches-200-000-per-dollar-threshold-on-Hormuz-tensions

ISX Reports About $4M In Weekly Trading

2026-05-04 Shafaq News- Baghdad   The Iraq Stock Exchange (ISX) recorded more than 6 billion dinars in trading volume last week —roughly $4 million.

According to the recorded data, 3.92 billion shares were traded during the week. The ISX60 index closed at 983.02 points, reflecting a 0.39% decrease from the previous session.

Throughout the week, the exchange executed 5,736 sale and purchase contracts involving listed companies. A total of 67 companies saw their shares traded, while 29 firms recorded no transactions due to unmatched buy and sell orders. Eight companies remain suspended for failing to disclose financial data, out of 104 listed firms.

Non-Iraqi investors purchased 10 million shares worth 34 million dinars (about $22,300) through 25 transactions, while selling 8 million shares valued at 25 million dinars (roughly $16,400) across 48 transactions.

https://shafaq.com/en/Economy/ISX-reports-about-4M-in-weekly-trading

Syria’s New Customs System Disrupts Semalka Imports From Kurdistan

2026-05-04   Shafaq News- Damascus   Imports from Iraqi Kurdistan through the Semalka border crossing in Syria’s Al-Hasakah province declined following the implementation of new procedures by Syria’s General Authority for Border Crossings and Customs, a source at the crossing told Shafaq News on Monday.

Dozens of traders have halted imports via Semalka and shifted to other Syrian crossings with Turkiye and Iraq, the source said, adding that activity has dropped by about half over the past three weeks compared with previous years.

Farhad Youssef, a customs broker, told our agency that the unified customs system imposed by the Syrian government includes strict restrictions on the entry of certain goods, along with extensive documentation requirements, at a time when state institutions in Hasakah are not fully operational.

“The new measures prompted brokers and shipping companies to take collective strike action starting today, halting cargo entry until further notice.”

According to Youssef, a meeting is expected between customs brokers, traders, and crossing authorities to discuss the procedures and seek solutions to facilitate trade with the Region.

Semalka previously operated under a customs system linked to the Autonomous Administration in northeast Syria before being brought under the Syrian government as part of the January 29 agreement between the Syrian Democratic Forces (SDF) and Damascus, implemented in mid-April.

On April 20, the Al-Yarubiyah–Rabia crossing with Iraq reopened after nearly 13 years of near-total closure due to security conditions and military operations in the region, becoming the third land route between Syria and Iraq following the earlier reopening of Al-Qaim–Al-Bukamal and Al-Waleed–Al-Tanf crossings.

https://shafaq.com/en/Economy/Syria-s-new-customs-system-disrupts-Semalka-imports-from-Kurdistan

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

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 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.

https://www.aljazeera.com/news/2026/5/4/iran-war-whats-happening-on-day-66-as-trump-announces-hormuz-mission

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.

https://www.kurdistan24.net/en/story/911994/uae-expands-financial-and-strategic-reforms-amid-regional-tensions-and-energy-realignment

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."

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

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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

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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

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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

 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"

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 🌱 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

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.

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

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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

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

• Watcher.Guru — "What’s Driving the De-Dollarization Shift?"

• Reuters — "Central banks boost gold reserves as dollar share declines"

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