Seeds of Wisdom RV and Economics Updates Saturday Morning 5-16-26

Good Morning Dinar Recaps,

Oil Shock, Bond Market Stress, and De-Dollarization Pressures Reshape the Global Financial Order

Rising energy disruptions, inflation fears, and accelerating reserve diversification are forcing global markets to reassess the long-term stability of the dollar-centered financial system.

Overview

Today’s global financial environment is being shaped by a dangerous combination of energy supply instability, bond market stress, and growing international efforts to reduce reliance on the U.S. dollar.

With continued disruptions tied to the Strait of Hormuz, rising Treasury yields, and renewed discussions around de-dollarization, analysts increasingly warn that the world economy is entering a period of structural financial realignment rather than temporary volatility.

The pressure is now extending across currencies, commodities, sovereign debt markets, and central bank reserve strategies.

Key Developments

1. Oil Supply Fears Push Inflation Expectations Higher

Energy markets remain under severe pressure as concerns surrounding the Strait of Hormuz continue disrupting global trade flows.

• Oil prices surged again amid fears of prolonged shipping instability

• The U.S. Energy Information Administration reportedly expects Hormuz disruptions to continue through late May

• Analysts warn the crisis could remove millions of barrels per day from global supply

Researchers and economists increasingly believe the 2026 Iran conflict could become one of the most inflationary geopolitical shocks in decades.

2. Treasury Yields Spike as Markets Fear Persistent Inflation

Bond markets reacted sharply today as investors reassessed inflation risks.

• U.S. Treasury yields climbed to one-year highs

• Investors reduced expectations for near-term Federal Reserve rate cuts

• Rising oil prices are increasing fears of prolonged stagflation

The 30-year Treasury yield reportedly reached levels not seen since 2025, signaling growing concern over the long-term sustainability of debt markets under higher inflation conditions.

3. De-Dollarization Momentum Continues Expanding

Multiple reports released this week highlighted how geopolitical tensions are accelerating reserve diversification away from the dollar.

• Central banks continue increasing gold reserves

• BRICS nations are expanding local currency settlement systems

• Emerging economies increasingly view dollar dependence as a strategic vulnerability

Analysts noted that sanctions, trade wars, and financial restrictions are motivating countries to build alternative financial infrastructure outside the traditional Western system.

4. Gold and Commodities Strengthen as Financial Hedges

Gold and commodity markets remain strong as investors search for protection against inflation and currency instability.

• Gold remains near historic highs

• Commodities increasingly outperform traditional fixed-income assets

• Energy and hard assets are becoming preferred inflation hedges

Several economists noted that global reserve managers are shifting portions of sovereign reserves into gold and commodity-linked assets rather than concentrating exposure solely in U.S. debt markets.

5. Global Financial Fragmentation Accelerates

The broader concern now extends beyond temporary market volatility.

• Nations are increasingly prioritizing economic security over globalization

• Trade systems are becoming more regionalized and politically aligned

• Financial infrastructure is gradually splitting into competing blocs

Analysts described the current environment as a transition toward a more multipolar financial order, where competing payment systems, reserve strategies, and trade corridors coexist rather than operate under a single dominant framework.

Why It Matters

The combination of energy instability, inflation pressure, and de-dollarization efforts is reshaping the foundations of global finance.

For decades, low inflation, stable energy flows, and confidence in U.S. Treasury markets supported the modern financial system. Those assumptions are now being tested simultaneously.

As geopolitical conflicts increasingly affect oil flows, trade routes, reserve policies, and sovereign debt markets, central banks and investors are being forced to rethink long-term financial strategy.

Why It Matters to Foreign Currency Holders

Foreign currency holders are closely watching:

• Gold accumulation by central banks

• BRICS payment infrastructure development

• Reduced dependence on dollar settlement systems

• Rising sovereign debt concerns

• Inflation-driven weakening of fiat purchasing power

Many analysts believe the current environment favors nations and institutions holding diversified reserves tied to commodities, gold, and strategic trade assets.

Implications for the Global Reset

• Pillar 1: Financial System Transformation

Today’s developments continue reinforcing trends toward:

• De-dollarization

• Gold-backed reserve diversification

• Alternative settlement systems

• Commodity-linked trade structures

• Reduced dependence on Western banking channels

The growing strain on sovereign debt markets and reserve confidence is accelerating discussion about how the next generation of global finance may operate.

• Pillar 2: Geopolitical and Trade Realignment

Energy security and trade corridor control are becoming central to geopolitical strategy.

Nations are increasingly restructuring alliances, infrastructure, and trade partnerships around:

• energy resilience,

• supply chain security,

• strategic resources,

• and regional financial independence.

The result is a global system moving away from centralized globalization toward a more fragmented but strategically aligned economic order.

This is not just market volatility — it is the gradual restructuring of global finance, trade, and reserve power in real time.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – Treasury Yields Surge as Oil Prices and Inflation Data Rattle Markets

• Reuters – U.S. EIA Assumes Strait of Hormuz Disruptions Continue Through Late May

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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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Iraq Economic News and Points To Ponder Saturday Morning 5-16-26

The New Government's Approach Is To Transition From A Rentier Economy Model To A Productive Economy Model In A Progressive And Systematic Manner

Articles   Economy News – Baghdad   Dr. Aqeel Jabr Ali Al-Muhammadawi / Academic and Consultant 

Thinking about and theorizing about transitioning to a productive economy is not merely a purely governmental political orientation, an ideological approach of the executive authority, or a slogan to be merely touted. Rather, it is an inevitable and realistic necessity governed by data and assessments of the current situation, geopolitical risks, figures and indicators, and proactive analysis of the reality of declining federal budget revenues and the clear challenges to the determinants and capabilities of national economic growth in the current situation.

This necessitates economic restructuring and modernization with new, innovative, and unfamiliar pioneering models. Particular priority should be given to developing and presenting an advanced, proactive, and unfamiliar economic intellectual methodology that aligns with the directions and objectives of the organic transition to a productive economy, and with unique, advanced economic engineering models prepared both proactively and subsequently, to accelerate the process of a radical and firmly established structural transition. 

Modernization (from the French "modernize," meaning "to modernize") is generally understood as the process of introducing or implementing improvements that meet contemporary requirements. Furthermore, the consistency of this established understanding of modernization in economic literature can be explained by two interconnected aspects.

The vital and radical transition to a productive and innovative economy, the revitalization of the national economy, and the implementation of projects that affect employment growth and development - constitute a strategic approach to economic re-engineering to achieve intensive economic growth. 

Firstly, as a process of modernizing the social system as a whole, that is, the transition from a backward society exhausted by wars and crises to a new, more advanced society. For example, from a traditional (agricultural) or functional and public occupational society to an industrial, knowledge-based and innovative society, and from there to a post-industrial society.

 Secondly, as a process of fundamental structural transformations targeting the structure of the economy, it occurs in various areas of social life in their organic interconnectedness. 

In this regard, it is common to distinguish between social, political, cultural, ideological, and other forms of modernization. Naturally, economic modernization acquires particular structural importance.

 It should be noted that two understandings of economic modernization can be found in modern economic literature, one narrow and the other broad. 

Moreover, each has a dual interpretation, determined by a similar dual methodology. From the perspective of the techno-economic approach, in its narrow sense, the essence of this concept is reduced to the industrialization of the economy, whose historical starting point was the Industrial Revolution of the 18th and 19th centuries, which took place in the advanced European countries. 

In its broader sense, it refers to any qualitative and fundamental changes that occur in various sectors of the economy. 

From the perspective of political economy, economic modernization, in its narrow sense, refers to fundamental changes inherent in the forces of production. In its broad sense, it refers to such changes encompassing both the forces of production and the relations of production, as well as the institutions associated with them.

It aims to change the prevailing model from one that relies on raw materials, crude oil, or rentier economics to one based on creating real added value, with models prepared in advance and later in due course, increasing labor productivity, and developing the infrastructure, knowledge, and technology, which is available at the present stage, given the harnessing of all resources, capabilities, and capacities for this purpose. 

The radical transformations affecting all aspects of public life in the wake of recent tensions in the Middle East and the increasing instability and uncertainty have led to a renewed focus on choosing a unique new economic model to modernize the Iraqi economy within the context of contemporary realities.

 In this regard, studies emphasize the relationship between the traditional model inherited from the era of centralized rule—the "backward development" model—and the "advanced development" model.

 Based on this, the thesis that has become the most widely accepted in scientific circles is that the Iraqi economic development model based on raw materials has almost exhausted its potential. 

Therefore, the proposal to move to a catch-up development model, which Japan, then South Korea and some other countries, particularly in the Asia-Pacific region, have successfully implemented, seems very logical. 

The essence of this model lies in borrowing and transferring institutions and technologies that have proven successful in developed countries to national institutions.

While it is possible to borrow technologies or institutions primarily, the catch-up development model remains a viable and effective driver of tangible growth and development. China, for example, borrows modern technologies and adapts its national institutions to the new circumstances.

As for Iraq, it is natural that the catch-up development model requires fundamental adjustments and an economic methodology that aligns with the nature of modernization and the transition to a productive economy, along with appropriate plans and strategies.

The experiences of Japan and China are not merely meant to serve as models to be emulated, but rather as strategic pathways for catch-up development.

Advanced development, but in specific and limited areas, as is the case in Iraq, is not a substitute for regressive development. The difference is clear: regressive development must be pursued comprehensively in almost all areas, while advanced development should be pursued in very limited areas. 

Therefore, we should proceed from the premise that modernization, under contemporary conditions, can encompass both post-industrialization and alternative modernization, and can also occur in a distorted form. Reducing it to mere standardized manufacturing does not bode well at present. 

However, it is important to bear in mind that the modern economy is still industrial in its essence, and Iraq urgently needs an advanced strategic vision and innovative and productive development that goes beyond crisis management and gap-filling, and beyond the usual theoretical diagnostic approach in preparing strategies, methodologies, and plans. 

The consolidation of innovative thinking and post-industrial innovations, as a general rule, requires industrial support or depends directly on a growing industrial and innovative base. Moreover, industrial innovations themselves still play a vital role in the modern economy.

 "Abstract" post-industrialism, despite its apparent appeal, carries the risk of seriously distorting modernization—both in the scientific and practical sense.

This also applies directly to the Iraqi economy. The objective need to modernize it is driven by internal and external factors, as well as other reasons.

The Most Important Internal Factors Are:

1) The crisis situation that the Iraqi economy is going through, as a result of the fragility of the liberal market capitalism model, which the country quickly transitioned to after the political transition on 9/3/2003;

2) Consolidating the narrow specialization of Iraq’s economy in raw materials within the global capitalist economy, which negatively affects the structural and systemic transformation of the local economy in light of contemporary reality;

3) A significant decrease in the value of fixed assets, inevitably leading to the destruction of the economic material and technical base, stagnation, and deterioration;

4) Weak application of advanced scientific and technological developments in various sectors of the economy (except for defense and security industries, etc.), which hinders its transition to an innovative development path;

5) A severe shortage of highly qualified personnel in key sectors of the Iraqi economy, resulting in decreased productivity. 

6) A significant decline in investment in fixed capital and a lack of regulation of the real and parallel economy, which hinders economic recovery and sustainable growth;

7) The continuation of bureaucratic monopoly and the exacerbation of corruption (in the absence of a mature civil society) in light of the fragility of the economic system and non-compliance with the provisions of the Competition and Anti-Monopoly Law for multiple reasons, most notably the weakness of the system to incline or implement the force of the law, which prevents the possibility of rapid development of Iraqi entrepreneurship and effective interaction between the state and the business sector;

8) A sharp increase in social and economic disparities between different segments of society, which threatens the stability of Iraqi society;

9) The low efficiency of the existing economic management system, which was established on a liberal doctrine focused on applying free market principles that, in the context of private markets, somewhat conflict with semi-centralized management decisions. This underscores the importance of activating competition regulation in markets and products under Competition and Anti-Monopoly Law No. 14 of 2010. 

It is important to note that the factors mentioned above do not operate in isolation from each other, but rather within their overall unity. 

Understanding this unit requires a sound scientific concept of socio-economic development in Iraq. Unfortunately, it must be acknowledged that this concept has not yet been developed (despite the numerous different versions published in recent years).

We believe the difficulty lies in the following: to address this issue, it is essential to first understand the basic patterns of development in both the global and local economies. 

Secondly, a clear understanding of the methodology for developing this concept and its structure, with the last section to be dedicated to the main trends for modernizing the Iraqi economy and its development prospects; 

 Third, the distinction between this concept and the Iraqi economic development strategy, as is evident not only from scientific publications, but also from the various programs adopted by the Iraqi government. 

At the same time, any strategy (including the proposed economic strategy to be organized in the new government) is developed on the basis of appropriate concepts, models and purposeful objectives.

The transition to a production-intensive economy requires the following: 

- Shifting the focus from broad growth (increasing the number of workers) to qualitative improvements in production (increasing labor productivity - return per worker). 

 - Technological update: 

Accelerating the application of advanced technologies (artificial intelligence, autonomous systems, and digital platforms) in industries and the social sphere, as outlined in the Economic Development Guidelines 2026. 

 - Structural restructuring: 

Any increase in the share of high-tech and efficient industries that ensures GDP growth while reducing overall labor costs.

- At this stage, the national economy should also be revived by: 

- Supporting demand: The recovery of business activity is stimulated by rising household incomes and easing monetary policy (the Central Bank of Iraq points to signs of this recovery at the beginning of January 2026). 

- Sector whitewashing: Implementing plans to remove certain sectors of the economy from the circle of concealment in order to increase the tax base. 

- Investment cycle management: Considering the impact of monetary policy on the investment cycle to stimulate growth at potential rates.

 — The relationship to employment and job creation (2026): 

- Improving the quality of employment: Moving from informal or low-productivity work to work in advanced technology sectors. 

- Human Resources Management: Implementing retraining programs to meet the new labor market requirements.

The shift from a rentier economy to a productive economic model necessitates a paradigm shift: from growth based on resource exploitation (exporting raw materials) to growth based on efficiency, innovation, and increased labor productivity. The following is a comprehensive methodology for implementing this shift, based on an analysis of key factors: 

Key trends in transformation: 

Technological modernization: The transition to the fifth technological paradigm (robotics, information technology) and the sixth (nanotechnology, biological, and cognitive technologies). 

The innovation economy involves the widespread adoption of innovations, the establishment of knowledge-intensive industries, and the development of human capital as the primary resource. It is crucial to establish this model in Iraq to invest in knowledge and modern technologies, and to utilize available human resources and the necessary infrastructure. 

Circular economy: A renewable model that reduces waste and improves resource utilization (moving away from linear "consume and dispose" thinking). 

 Structural transformation: diversifying the economy, reducing dependence on the raw materials sector, and developing high-tech industries. 

- Key implementation mechanisms: 

1- Investing in people: Education, science and health care become the basis of productivity, transforming from expenditure items into sources of economic capital. 

2- Public-private partnerships: Combining market mechanisms with government support for vital industries and infrastructure. 

3- Digitalization of operations: Implementing digital platforms to improve logistics, production, and consumption. 

Transformation management approaches. 

There are two main approaches to implementing the transformation: 

 - The central approach: Adopting a unified national strategy, which is available for major strategic projects that boost the national economy and create significant job opportunities, especially in petrochemical, oil, refinery and gas projects (as is the case in the European Union, China and Japan). 

- The decentralized approach: Implementing initiatives at the city, regional, or individual business model level, which is available for entrepreneurship, development, and achieving real growth in GDP (as is the case in the United States and Canada).

 Characteristics of the transitional phase: Institutional changes: 

The old institutions based on direction or raw material economies are being replaced by market and innovation institutions, and this requires a revolution in the restructuring and engineering of existing institutional structures. 

Sustainable development: Implementing the Sustainable Development Goals, particularly rational production and consumption patterns. This transformation is not merely about technological change, but a shift in the socio-economic system, focusing on long-term sustainability and the creation of new value, while establishing the principles of innovative development. 

This approach aims to ensure sustainable development and the comprehensive revival of the real economic sector, and to stimulate and activate domestic economic actors, through projects with a direct impact on employment, sustainable development, innovative development, value-added creation, and income growth, despite the slowdown in GDP growth (expected at 0.5-2.5% for 2026, according to the scenario).

https://www.economy-news.net/content.php?id=69059

Seeds of Wisdom RV and Economics Updates Friday Afternoon 5-15-26

Good Afternoon Dinar Recaps,

Trump-Xi Summit Fails to Calm Markets: Strategic Rivalry Continues Reshaping Global Financial Order

Chinese markets fall as investors conclude the summit produced stability talks rather than meaningful economic breakthroughs

The latest Trump-Xi summit reinforced a growing reality in global finance: the United States and China are no longer simply economic partners, but strategic competitors managing an increasingly fragile coexistence.

 OVERVIEW (KEY POINTS)

Global markets reacted cautiously after the highly anticipated summit between President Donald Trump and Chinese President Xi Jinping concluded without major breakthroughs on trade, technology restrictions, or geopolitical disputes.

Chinese equity markets fell sharply as investors reassessed expectations that the meeting might produce a more comprehensive economic reset between the world’s two largest economies.

While both leaders emphasized stability and continued dialogue, the absence of concrete agreements involving tariffs, semiconductor restrictions, rare earth exports, and Taiwan reinforced concerns that structural tensions remain unresolved.

The broader implication is significant for the global financial system. Markets increasingly view U.S.-China relations not as a pathway toward deeper globalization, but as a long-term geopolitical rivalry shaping trade, currencies, technology, and global investment flows.

KEY DEVELOPMENTS

1. Chinese Markets Decline After Summit

Investors reacted negatively to the lack of major agreements.

• CSI 300 and Shanghai Composite indexes both fell more than 1%

• Traders expected progress on tariffs and technology restrictions

• Markets viewed the summit as symbolic rather than transformational

2. Technology Competition Remains Unresolved

Semiconductors and AI continue driving strategic tensions.

• No major movement on U.S. export controls involving advanced chips

• China remains central to global rare earth supply chains

• Competition over artificial intelligence and advanced manufacturing intensified concerns

3. Taiwan Continues to Pressure Relations

Taiwan remained one of the summit’s most sensitive issues.

• Xi reportedly warned against actions destabilizing cross-strait relations

• Washington continues supporting Taiwan’s defense capabilities

• Markets remain concerned over long-term military tensions in Asia

4. Energy and Iran Discussions Reflect Global Instability

The summit also focused on broader geopolitical risks.

• Both sides discussed keeping the Strait of Hormuz open to shipping

• Middle East tensions continue impacting oil prices and inflation expectations

• China and the U.S. remain divided over broader Iran strategy

 5. Fragile Stability Replaces Expectations of a Reset

Analysts described the summit as an exercise in managing tensions rather than resolving them.

• Investors remain concerned over trade imbalances and sanctions

• National security increasingly shaping economic policy decisions

• Diplomatic communication improved, but structural rivalry remains intact

WHY IT MATTERS

The market response reflects a major shift in investor thinking about the global economy.

In previous decades, summits between U.S. and Chinese leaders often fueled optimism surrounding globalization and deeper economic integration. Today, markets increasingly expect competition, fragmentation, and strategic decoupling instead.

This matters because the United States and China remain deeply interconnected across trade, finance, technology, energy, and manufacturing. Prolonged instability between them affects nearly every major sector of the global economy.

The summit may have reduced short-term fears of escalation, but investors appear increasingly focused on the larger structural competition now shaping the international financial system.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Dollar and yuan volatility

• Technology restrictions could reshape global capital flows

• Commodity and energy markets remain vulnerable to U.S.-China rivalry

• Safe-haven assets like gold may continue benefiting from uncertainty

IMPLICATIONS FOR THE GLOBAL RESET

• Pillars 1:  Financial system transformation 

The summit reinforced the growing divide between economic interdependence and geopolitical competition, accelerating the shift toward regionalized trade and investment systems.

• Pillar 2: Financial Power Is Becoming Strategic Power

Trade policy, semiconductor access, rare earth supplies, and currency influence are increasingly being used as geopolitical tools rather than purely economic instruments.

 CONCLUSION

The Trump-Xi summit succeeded in preserving communication between the world’s two largest powers, but it did little to resolve the deeper structural tensions driving global uncertainty.

Markets were looking for concrete signs of long-term stability. Instead, they received confirmation that strategic rivalry remains the defining feature of U.S.-China relations.

As technology competition, trade disputes, energy security, and geopolitical influence become increasingly intertwined, future market volatility tied to Washington and Beijing is likely to remain persistent.

The global financial reset is no longer being shaped solely by economics — it is being driven by the strategic competition between competing centers of global power.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "China Markets Fall After Trump-Xi Summit Delivers Few Concrete Breakthroughs"

• Reuters — "Trump and Xi Seek Stability but Key Trade Issues Remain Unresolved"

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Iraq News Posted by Tishwash at TNT 5-15-2026

TNT:

Tishwash:  The US envoy congratulated al-Zaidi: Trump is fully prepared to work with you and your government.

US Special Envoy Tom Barrack congratulated Iraqi Prime Minister Ali al-Zaidi on Thursday on his government winning a vote of confidence in parliament. Barrack said in a statement: "We congratulate Iraqi Prime Minister Ali al-Zaidi on receiving the confidence of parliament and the approval of his government by the Council of Representatives."

  He added: "We are encouraged by your new leadership and look forward to working with you to develop an ambitious agenda that aligns with our shared interests: building a sovereign, prosperous, and stable Iraq that lives in peace with its neighbors and provides opportunities and growth for all its citizens in a productive partnership with the United States." 

 He noted that "President Trump, Secretary Rubio, and the United States are fully prepared to work closely with you and your government to achieve our shared goals of prosperity for the Iraqi people and the defeat of terrorism, which has long been an obstacle to their progress."  link

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Tishwash:  Al-Zidi's government wins the confidence of the House of Representatives and takes the constitutional oath

The House of Representatives granted confidence to the government of Prime Minister Ali al-Zidi on Thursday during a voting session attended by 270 members of parliament. The Prime Minister and the ministers who were voted on took the constitutional oath, signaling the official start of the new government's duties.

The House of Representatives voted on 14 out of 23 ministries, namely:

14 ministerial portfolios in Ali al-Zaidi's government have gained the confidence of parliament, with the remaining appointments postponed until after Eid al-Adha.

1- Voting unanimously for Faleh Al-Sari as Minister of Finance.

2- Voting by an absolute majority on Basim Muhammad Khudair as Minister of Oil.

3- Voting by an absolute majority for Mohammed Nouri Ahmed as Minister of Industry.

4- Voting by an absolute majority for Ali Saad Wahib as Minister of Electricity.

5- Voting by an absolute majority for Abdul-Hussein Aziz as Minister of Health.

6- Voting by an absolute majority for Sarwa Abdulwahid as Minister of Environment.

7- Voting by an absolute majority for Abdul Rahim Jassim as Minister of Agriculture. 

8- Voting by an absolute majority for Mustafa Nizar Jumaa as Minister of Trade.

9- Voting by an absolute majority for Khalid Shawani as Minister of Justice.

10- Voting by an absolute majority on Abdul Karim Abtan as Minister of Education.

11- Voting by an absolute majority to appoint Wahab Salman Mohammed as Minister of Transport.

12- Voting by an absolute majority for Fuad Hussein as Minister of Foreign Affairs.

13- Voting by an absolute majority for Mustafa Jabbar Sand as Minister of Communications.

14- Voting by an absolute majority for Muthanna Ali Mahdi as Minister of Water Resources.

The remaining portfolios are scheduled to be voted on after the Eid al-Adha holiday, and include the ministries of: Interior, Defense, Labor and Social Affairs, Immigration and Displacement, Reconstruction and Housing, Planning, Culture, Education, Youth and Sports, in addition to the deputy prime ministers. link

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Tishwash:  Al-Zaydi: Economic reform, arms control, and e-governance are our government's top priorities.

 Prime Minister Ali Faleh al-Zaidi announced his government's priorities on Thursday, while also calling on diplomatic missions to resume their work in Baghdad. The Prime Minister's Media Office stated in a press release received by Mawazin News that "Ali al-Zaidi reviewed the new government's ministerial program, emphasizing its determination to fulfill the aspirations of the Iraqi people, placing the citizen's interest among its top priorities." According to the statement, al-Zaidi said, "The path to reform begins from within by confronting corruption and administrative inefficiency."

He indicated that he would face the challenges based on his belief in the capabilities and patience of the Iraqi people, transforming crises into opportunities and setbacks into milestones in making a difference to enhance services, build robust institutions, and propel Iraq towards e-governance and e-government. Al-Zaidi outlined his steps in "three tracks: first, economic reform and development through economic diversification, genuine investment, and a sound financial and banking system; second, social development, establishing social justice, caring for the most vulnerable groups, protecting children, and empowering women; and third, reforming the security apparatus by monopolizing weapons in the hands of the state, strengthening the capabilities of the security forces, and consolidating their authority." The citizen's trust in democracy."

He noted that "Iraq, with its deep-rooted civilization, human and cultural diversity, and the supreme religious authority it represents, qualifies us to stand and restore the government's standing." He called on all diplomatic missions to "return to their work in Baghdad," and expressed his gratitude to the government of Mohammed Shia' al-Sudani.  link

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Tishwash:  Al-Zurfi and Zebari in Washington... and discussions about Iraq at the Atlantic Council

 Photos published on the sidelines of the events documented the presence of the head of the Alternative Alliance, Adnan al-Zurfi, and the former Iraqi Foreign Minister, Hoshyar Zebari, at the Atlantic Council seminar held in the American capital, Washington, whose discussions focused on the Iraqi issue. National Security Advisor Qasim al-Araji is expected to join them, as the Atlantic Council announced his participation in the “Iraq Dialogue 2026”.

Earlier, the Atlantic Council announced a visit to Washington by Iraqi National Security Advisor Qasim al-Araji to participate in a major conference entitled “Iraq Dialogue 2026.” Victoria Taylor, a former State Department official who has been in intensive contact with Baghdad recently, said that this occasion is “direct contact between senior Iraqi officials and policymakers in the United States, at a sensitive moment” in the relationship between Baghdad and the US administration. She also announced that participation in the dialogue is open via a registration link.

Victoria Taylor, who now serves as the director of the Iraq Initiative at the Atlantic Council, explained in a post on the X platform, translated by 964 Network , “We are pleased to welcome Qasim al-Araji, the National Security Advisor of the Republic of Iraq, to ​​the Iraq 2026 Dialogue, which will be held in Washington, D.C.”

She added that “his participation reflects the role the conference plays as a high-level platform for direct communication between senior Iraqi officials and policymakers in the United States, at a sensitive moment in bilateral relations.”  link

Seeds of Wisdom RV and Economics Updates Friday Morning 5-15-26

Good Morning Dinar Recaps,

UAE Breaks From OPEC Constraints: Gulf Energy Realignment Reshapes Global Oil Power

Abu Dhabi’s pipeline expansion and production flexibility signal a major shift in energy security, export independence, and global market influence

The UAE’s accelerated push to bypass the Strait of Hormuz reflects a broader transformation in global energy strategy as geopolitical instability forces nations to rethink trade security and production control.

 OVERVIEW (KEY POINTS)

The United Arab Emirates is rapidly expanding its oil export infrastructure after formally exiting OPEC, giving the country significantly greater flexibility over production and energy strategy.

The move comes after months of instability surrounding the Strait of Hormuz, where shipping disruptions and regional conflict exposed the vulnerability of Gulf energy exports. The UAE is now accelerating pipeline expansion projects designed to bypass the strait entirely.

At the same time, Abu Dhabi is increasing long-term oil production ambitions, with ADNOC targeting five million barrels per day in capacity ahead of schedule and signaling future expansion toward six million barrels daily.

The broader implication is substantial. The UAE’s shift reflects a growing trend where energy-producing nations prioritize national flexibility, infrastructure resilience, and independent export control over traditional cartel coordination.

KEY DEVELOPMENTS

1. UAE Gains Freedom From OPEC Production Quotas

The UAE’s departure from OPEC removes long-standing production limitations.

• Abu Dhabi no longer bound by coordinated output caps

• Greater flexibility to respond to global demand and pricing conditions

• Saudi-led production management structure faces new pressure

2. Pipeline Expansion Reduces Hormuz Dependence

The UAE is accelerating infrastructure designed to bypass the Strait of Hormuz.

• Fujairah export corridor becoming strategically critical

• Alternative export routes improve resilience during regional conflict

• Energy security increasingly tied to infrastructure independence

3. ADNOC Accelerates Production Growth

The UAE is aggressively expanding oil capacity.

• ADNOC targeting 5 million barrels per day ahead of schedule

• Officials suggest capacity could eventually rise to 6 million barrels daily

• Long-term investment signals confidence in future energy demand

4. Gulf Shipping Risks Continue Rising

Commercial shipping remains vulnerable to geopolitical escalation.

• Reports indicate some tankers disabled tracking systems to reduce attack risk

• Insurance and transport costs continue climbing across Gulf routes

• Global markets remain highly sensitive to Hormuz disruptions

5. Energy Security Becomes National Security

Oil infrastructure is increasingly viewed through a geopolitical lens.

• Gulf nations focusing on strategic export independence

• Energy corridors becoming central to foreign policy planning

• Infrastructure investments reshaping regional power balances

WHY IT MATTERS

The UAE’s strategy reflects a deeper transformation in how nations approach energy security and economic resilience.

For decades, Gulf oil exporters depended heavily on shared regional coordination and open maritime trade routes. The recent conflict demonstrated how quickly those systems can become vulnerable during geopolitical escalation.

By building independent export infrastructure and increasing production flexibility, the UAE is positioning itself as one of the most resilient energy suppliers in the region.

This also has broader consequences for inflation, shipping costs, industrial production, and monetary policy worldwide, since stable Gulf energy flows remain critical to the global economy.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Oil market volatility could continue impacting currency stability

• Energy-exporting nations may strengthen reserve positions

• Inflation pressures tied to shipping disruptions may persist

• Commodity-linked currencies could gain influence during instability

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Energy Infrastructure Replaces Cartel Dependence

Nations are increasingly prioritizing direct control over export routes and supply chains rather than relying solely on multinational energy coordination systems.

• Pillar 2: Strategic Trade Corridors Gain Financial Importance

Control over pipelines, ports, and shipping corridors is becoming central to economic power, reserve stability, and long-term geopolitical leverage.

CONCLUSION

The UAE’s accelerated pipeline expansion marks more than an infrastructure project — it represents a strategic shift in how global energy power is organized.

As geopolitical instability reshapes trade routes and export security, countries are investing heavily in systems designed to preserve economic flexibility during crisis conditions.

The move also reflects the gradual weakening of older energy coordination structures as nations prioritize national resilience over collective production management.

In the emerging global financial order, control over energy routes may become just as important as control over currencies themselves.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "UAE Accelerates Oil Pipeline Expansion to Bypass Strait of Hormuz"

• Reuters — "UAE Expands Fujairah Oil Infrastructure Amid Gulf Shipping 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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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Friday Morning 5-15-26

When will dollar shipments arrive in Baghdad? Washington ignores the Central Bank, while al-Zidi prioritizes it.

 2026-05-14    964 Network    The Asharq Bloomberg website published a report in which a senior Iraqi official, who declined to reveal his identity, stated that addressing the crisis of delayed dollar shipments from the United States to Baghdad, amounting to about $10 billion annually, will be among the priorities of Ali al-Zaidi's government, in order to avoid destabilizing the exchange market in light of the sharp decline in oil exports due to the repercussions of the Iran war.

He confirmed that the Iraqi authorities are trying to find out the reasons for the delay in the latest shipments, but the Central Bank has not yet received any response from the American side.

Washington denies releasing Iraqi dollars: Shipments suspended until further notice

The Iraqi dollar's soaring price has "truly stopped"... An American article continues the "phase of candor".

Earlier, the administration of US President Donald Trump suspended dollar shipments to Iraq and froze funding for security cooperation programs with Baghdad, pressuring it to dismantle Iranian-backed armed factions. The US Treasury Department blocked an air shipment of about $500 million in Iraqi oil revenues held in accounts at the Federal Reserve Bank of New York, according to the Wall Street Journal.

According to banking expert Mustafa Hantoush, speaking to Asharq Bloomberg, Washington is expected to resume sending shipments soon, based on a similar precedent in 2023, at a time when the International Monetary Fund expects the Iraqi economy to shrink by 6.8% this year, with central reserves amounting to $100 billion before the war.

A report by the “Al-Sharq Bloomberg” website, as reviewed by 964 Network :

A senior Iraqi official said that addressing the crisis of delayed dollar shipments from the United States to Baghdad will be a priority for the new government to avoid destabilizing the exchange market, especially after the sharp decline in the country's oil exports due to the repercussions of the Iran war.

Iraq receives a portion of its oil revenues in the form of cash shipments in US dollars, estimated at around $10 billion annually. These funds are distributed in installments arriving via chartered flights at Baghdad Airport, while transfers related to financing foreign trade—which have not been affected by the delays—are managed through official banking channels.

The government official, who spoke to Asharq on condition of anonymity, confirmed that the Iraqi authorities are indeed trying to find out the reasons for the delay in the latest shipments, but the Central Bank has not yet received a response from the American side.

The US State Department confirmed in response to an inquiry from Asharq News' Washington bureau that dollar shipments to Iraq remain "suspended." It referred any further inquiries to the Treasury Department and the Central Bank of Iraq.

The Treasury Department did not respond to Al-Sharq's questions about the crisis, while officials at the Central Bank of Iraq could not be reached for comment.

Reuters reported in late April, citing several sources, that the administration of US President Donald Trump had halted a cash shipment worth about $500 million and suspended part of its security cooperation with Baghdad in an attempt to pressure the Iraqi government to reduce the influence of Iranian-backed armed factions, which have launched several attacks on Gulf states since the start of the conflict at the end of February in support of the regime in Tehran.

The Stability Of The Dinar Is At Stake

Although the value of the shipment represents only a small fraction of the total demand for dollars in the Iraqi market, its delayed arrival and the ongoing crisis could affect the stability of the dinar and widen the gap between the official exchange rate and the parallel market rate, which has only fluctuated within a narrow range since the outbreak of the conflict.

Therefore, the official confirmed that the issue will be a priority for Prime Minister-designate Ali al-Zaidi as soon as he officially assumes office. The Iraqi parliament is scheduled to vote tomorrow, Thursday, on granting confidence to the new government.

Iraq is among the countries most affected by the war in the region. The International Monetary Fund (IMF) projects a 6.8% contraction in its economy this year due to its reliance on oil exports through the Strait of Hormuz, which account for 90% of government revenue. A senior IMF official told Asharq Al-Awsat last month that Baghdad's options for dealing with the crisis until a new government is formed focus on reducing spending and temporarily drawing on the central bank's reserves, which stood at approximately $100 billion before the war.

Trump had invited al-Zaidi during a phone call at the end of last month to visit Washington after the government was formed, and wished him success “in forming a new government free of terrorism that can provide a brighter future for Iraq and the United States.”

The Historical Roots Of The Crisis

Iraqi banking expert Mustafa Hantoush told Asharq that he expects Washington to resume sending dollar shipments soon. He added that the United States had previously suspended these shipments temporarily in 2023 without publicly stating the reasons.

The story of relying on the United States to send dollar shipments to Baghdad dates back to 2003, when then-US President George W. Bush issued an executive order during the American occupation following the overthrow of Saddam Hussein's regime.

This order mandated that all of Iraq's oil revenues be transferred to a special account called the "Development Fund for Iraq," managed through the Federal Reserve Bank of New York, ostensibly to protect the funds from lawsuits and use them for reconstruction. Since then, the executive order has been renewed annually, meaning that US approval is required before any funds can be transferred to Baghdad.  https://964media.com/681037/

Trump's Envoy Congratulates Al-Zaidi On Gaining Confidence: We Are Ready To Work With The New Iraqi Government –

5/14/2026  Baghdad – One News     US President Donald Trump’s envoy, Tom Barrack, congratulated Iraqi Prime Minister Ali Faleh al-Zaidi on his government winning the confidence of the House of Representatives.

 Barak said the United States is optimistic about the new leadership in Iraq and looks forward to cooperating with al-Zaidi's government on an ambitious agenda that aligns with the shared interests of both countries.

 He added that Washington supports building a sovereign, prosperous and stable Iraq that lives in peace with its neighbors and provides opportunities and growth for all its citizens, within a mutually beneficial partnership with the United States.

 Barak emphasized that President Trump, Secretary of State Marco Rubio, and the United States are prepared to work closely with the new Iraqi government to achieve common goals, foremost among them the prosperity of the Iraqi people and the elimination of terrorism.  https://1news-iq.net/مبعوث-ترمب-يهنئ-الزيدي-بنيل-الثقة-مستع/

US Backs Cooperation With Iraq After Al-Zaidi Cabinet Approval

2026-05-14 Shafaq News- Washington/ Baghdad  The United States is looking to work with Iraq’s new government on a “bold new agenda” focused on stability, prosperity, and economic cooperation, US envoy Tom Barrack said on Thursday after Parliament approved Prime Minister Ali Al-Zaidi’s cabinet and ministerial program.

Barrack added that US President Donald Trump, Secretary of State Marco Rubio, and the US administration are prepared to work closely with Al-Zaidi and his cabinet, while reaffirming support for counterterrorism efforts.

 X    Ambassador Tom Barrack      @USAMBTurkiye

 Congratulations to Iraqi Prime Minister Ali al-Zaidi on securing parliamentary confidence and the approval of his government by the Council of Representatives.

 We are encouraged by your fresh leadership and look forward to collaborating on a bold new agenda aligned with our shared interests: building a sovereign, prosperous, stable Iraq, at peace with its neighbors, that delivers opportunity and growth for all its citizens in mutually beneficial partnership with the United States.

 President Trump, Secretary Rubio, and the United States stand ready to work closely with you and your government to advance our shared goals of prosperity for the Iraqi people and the elimination of terrorism, which is always an impediment to the people’s progress.

 Earlier today, Iraq’s Parliament granted confidence to Al-Zaidi’s cabinet and ministerial program, approving 14 ministers while postponing votes on six portfolios, including higher education and interior, following objections to several nominees.

 The remarks came as Washington closely monitors the formation of Iraq’s next government. A US State Department spokesperson told Shafaq News that Washington’s future approach toward the incoming administration would depend on the role of Iran-linked armed factions within state institutions. “The US is looking for action, not words… Iraq has a choice to make.”

 “Iran’s terrorist militias must have no role in state institutions,” the spokesperson added, stressing that Iraqi state funds should not support such groups and indicating that Washington would “calibrate” its approach to the new government accordingly.

 Read more: Al-Zaidi named prime minister: Easy nomination, harder road ahead

 https://www.shafaq.com/en/Iraq/US-backs-cooperation-with-Iraq-after-Al-Zaidi-cabinet-approval

US State Department To Alwan News: Washington Supports The New Iraqi Government And Sees It As An Opportunity For Stability And Reform 

latest news  Thursday,  May 14, 2026  Baghdad – One News     The US State Department confirmed in a statement to One News that the United States and the White House support the new Iraqi government that is being formed.

 The Foreign Ministry indicated that they see in it an opportunity to enhance stability, reform, and consolidate state institutions, noting that the US President has confirmed this on more than one occasion and official statement.

 The Foreign Ministry added that the US administration is still holding fast to its clear and firm position that the participation of armed factions or any entities outside the framework of the state in the next government is a red line that is not open to discussion or compromise.

 It indicated that Washington will continue its support for Iraq within the framework of a state of institutions, the rule of law, and the strategic partnership between the two countries.  https://1news-iq.net/الخارجية-الأميركية-لوان-نيوز-واشنطن-ت/

MilitiaMan & CREW IRAQ DINAR UPDATE-The Big Picture-48 hours of Exciting News to Glean from! REER is the Game!

MilitiaMan & CREW IRAQ DINAR UPDATE-The Big Picture-48 hours of Exciting News to Glean from! REER is the Game!

5-14-2026

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……..

https://www.youtube.com/watch?v=l6BWGckoRYA

Iraq Economic News And Points To Ponder Thursday Evening 5-14-26

Italy’s Eni Raises Iraq Oil And Gas Output In 2025

2026-05-13 Shafaq News- Basra   Italian energy company Eni increased its oil and gas production in Iraq during 2025, producing around 11 million barrels of oil liquids and 30 billion cubic feet of natural gas —equivalent to 17 million barrels of oil equivalent— according to the company’s latest annual report.

The figure compares with 15 million barrels of oil equivalent in 2024 and 14 million in 2023.

Globally, Eni reported total production of 631 million barrels of oil equivalent in 2025, up from 625 million the previous year and 604 million in 2023, supported by a 7% annual increase in liquid hydrocarbon output.

Eni has operated in Iraq since 2009 and manages the Zubair oil field in Basra under technical service contracts with the Iraqi government.      https://www.shafaq.com/en/Economy/Italy-s-Eni-raises-Iraq-oil-and-gas-output-in-2025  

Oil Edges Up To ~$106 With Trump-Xi Talks Centering On Iran

2026-05-14 Shafaq News   Oil prices rose on Thursday, with markets focusing on the high-stakes meeting between U.S. ‌President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive result on the Iran war, which has significantly disrupted global oil supply.

Aside from trade matters, Trump is expected to encourage China to convince Tehran to make a deal with Washington to end the conflict, but analysts doubt that Xi will be willing to push its long-time strategic partner too hard.

Brent crude futures were up 26 cents, or 0.25%, to $105.89 a barrel by 0250 GMT, ⁠while U.S. West Texas Intermediate futures rose 32 cents, or 0.32%, to $101.34.

Both benchmark oil futures contracts fell on Wednesday as investors worried about possible U.S. interest rate hikes as higher fuel prices spur inflationary pressures. Brent crude futures fell more than $2 a barrel, while WTI futures fell more than $1.

Trump received a grand welcomeat Beijing's Great Hall of the People on Thursday ahead of talks with China's Xi Jinping set to cover their fragile trade truce, the Iran war and U.S. arms sales to Taiwan.

"Oil prices are in a wait-and-see mode," said ING analysts in a note on Thursday, adding that the market could be pinning too much hope on the U.S.-China talks yielding some positive results on Iran.

The Strait of Hormuz, ‌a ⁠key energy gateway, has been largely shut since the war broke out at the end of February.

While Trump has said hedid not thinkhe would need China's help to end the war, the president is nonetheless expected to ask Xi for assistance in resolving the costly and unpopular conflict.

"Failure to make meaningful progress on reopening the strait could leave the US with few options other ⁠than renewed military action," IG analyst Tony Sycamore said in a note.

Iran, meanwhile, appears to have tightened its control over the strait, cuttingdealswith Iraq and Pakistan to ship oil and liquefied natural gas from the region.

A Chinese supertanker carrying two million barrels of Iraqi ⁠crude sailed through the Strait of Hormuz on Wednesday after being stranded in the Gulf for more than two months due to the U.S.-Iran war. It was only the third oil tanker to exit the strait since the war began. https://www.shafaq.com/en/Economy/Oil-edges-up-to-106-with-Trump-Xi-talks-centering-on-Iran

Gold Holds Firm As Markets Watch Trump-Xi Summit

2026-05-14 Shafaq News   Gold prices were steady on Thursday, as investors focused on talks between U.S. President ‌Donald Trump and Chinese President Xi Jinping, and looked for signs of progress in the Iran war.

Spot gold was steady at $4,689.49 per ounce, as of 0602 GMT. U.S. gold futures for June delivery fell 0.2% at $4,696.40.

"Gold seems to be consolidating at the moment as everybody is looking at what's going to happen in the high-level talks between the U.S. and China," ⁠said GoldSilver Central Managing Director Brian Lan.

"(Gold) is a bit downward-biased and I think that is also a window for investors who are looking to come into the metal," Lan added.

Trump heads into a series of meetings with Xi in Beijing, aiming to secure economic wins, maintain a fragile trade truce and navigate thorny issues such as the Middle East conflict.

Trump is expected to seek China's help to resolve the costly and unpopular conflict, which he launched with Israel in late February, but analysts say he is unlikely to get the support he wants.

Data on Wednesday showed that U.S. ‌producer ⁠prices posted their biggest increase in four years in April, boosted by soaring costs for goods and services, the latest sign of accelerating inflation.

The U.S. Senate approved Kevin Warsh as chair of the Federal Reserve as the U.S. central bank grapples with intensifying inflation that may make it hard to push through the interest-rate cuts ⁠that Trump has demanded.

Traders have largely priced out a Fed rate cut this year, with markets now seeing a 28% chance of a hike by December, according to CME Group's FedWatch tool.

While gold is considered a ⁠hedge against inflation, higher interest rates tend to weigh on the non-yielding metal.

Meanwhile, gold discounts in India widened to a record of more than $200 an ounce on Wednesday, as a surge in prices ⁠after an import duty hike triggered investor selling in an already weak demand environment, bullion dealers told Reuters.

Spot silver fell 0.9% to $87.19 per ounce, platinum fell 0.2% to $2,133.35, and palladium was up 0.1% at $1,501.25.

(Reuters)   https://www.shafaq.com/en/Economy/Gold-holds-firm-as-markets-watch-Trump-Xi-summit

Iraq’s Basrah Crude Falls Over 2% Despite Global Gains

2026-05-14   Shafaq News- Basrah   Iraq’s Basrah crude fell more than 2% on Thursday, diverging from gains in global oil markets.   Basrah Medium crude declined to $107.85 per barrel, down 2.02%, while Basrah Heavy crude fell to $105.75 per barrel, losing 2.06%.

Brent crude futures rose 39 cents, or 0.37%, to $106.02 per barrel, while US West Texas Intermediate gained 51 cents, or 0.50%, to $101.53. OPEC’s basket price also climbed sharply to $115.09 per barrel, up $7.43, or 6.90%.

The gains in global benchmarks came as markets monitored the summit between US President Donald Trump and Chinese President Xi Jinping in Beijing for possible signals on the Iran war and disruptions in the Strait of Hormuz, while Iraqi crude moved against the broader upward trend. https://www.shafaq.com/en/Economy/Iraq-s-Basrah-crude-falls-over-2-despite-global-gains

Dollar Steady In Baghdad, Lower In Erbil

2026-05-14   Shafaq News- Baghdad/ Erbil (Updated at 12:06)   The US dollar opened Thursday's trading holding steady in Baghdad while slipping in Erbil, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar stabilized in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,800 dinars per 100 dollars, matching Wednesday's close.

In the Iraqi capital, exchange shops sold the dollar at 154,250 dinars and bought it at 153,250 dinars, while in Erbil, selling prices stood at 153,550 dinars and buying prices at 153,450 dinars.

Speaking to Shafaq News, Jabbar Goran, spokesperson for the currency market in al-Sulaymaniyah, Iraqi Kurdistan, expected the formation of Iraq’s new government to help lower the dollar exchange rate against the dinar in local markets, citing anticipated “US support” that could positively affect the financial market.

Goran predicted the exchange rate could fall below 150,000 dinars per 100 dollars in the coming period if regional conditions stabilize. He added that the gap between the official exchange rate of 132,000 dinars and the market rate should normally remain within 12,000 to 13,000 dinars. https://www.shafaq.com/en/Economy/Dollar-steady-in-Baghdad-lower-in-Erbil

Gold Prices Fall In Baghdad, Rise In Erbil

2026-05-14 Shafaq News- Baghdad/ Erbil   On Thursday, gold prices dipped in Baghdad while edging higher in Erbil, hovering around the million-dinar mark, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1.012 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.008 million IQD. The same gold had sold for 1.015 million IQD on Wednesday.

The selling price for 21-carat Iraqi gold stood at 982,000 IQD, with a buying price of 978,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.015 million and 1.025 million IQD, while Iraqi gold sold for between 985,000 and 995,000 IQD.

In Erbil, prices moved in the opposite direction, with 22-carat gold selling at 1.050 million IQD per mithqal, 21-carat at 1.003 million IQD, and 18-carat at 860,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-rise-in-Erbil-2

Food Prices Continue Climbing In Iraqi Markets

2026-05-14 Shafaq News- Baghdad   Agricultural and meat prices rose across Iraq in 2025, with increases recorded in wheat, rice, red meat, dates, and several fruit and vegetable products, Iraq’s Statistics and Geographic Information Systems Authority reported on Thursday.

According to a review by Shafaq News, field crop prices recorded noticeable increases, with wheat rising 4.9% to 510 Iraqi dinars (about $0.33) per kilogram, rice increasing 4.4% to 940 dinars (about $0.61), and barley climbing 3.8% to 436 dinars (about $0.28) per kilogram. Okra prices rose by 3.6%, while tomatoes increased by 1.9%.

In the fruit sector, lemon prices increased by 3% to 3,034 dinars (about $1.97) per kilogram, while pomegranate and peach prices rose by 0.8% and 0.7%, respectively. Prices of other products, including apples and olives, declined. Date prices also increased, with Barhi dates rising 3% to 2,032 dinars (about $1.32) per kilogram and Maktoum dates increasing 3.2% to 1,755 dinars (about $1.14).

Data also revealed that red meat prices continued to climb, with lamb prices rising by 3.2% and beef by 3.1%, while chicken prices fell by 7.2% to 2,900 dinars (about $1.89) per kilogram.

Iraq’s agricultural sector has faced mounting pressure in recent years from inflation, currency fluctuations, rising production costs, and dependence on imports, while farmers have also complained about delayed government payments for strategic crops such as wheat and barley, adding further strain to domestic food production and market stability.

Read more: Iraq's farmers fed the state. Now they're waiting to be paid.

https://www.shafaq.com/en/Economy/Food-prices-continue-climbing-in-Iraqi-markets

Has The Fed Lost Control: Matthew Piepenburg on 5% Yields and the Debt Trap

Has The Fed Lost Control: Matthew Piepenburg on 5% Yields and the Debt Trap

Kitco News:  5-13-2026

Is the latest 3.8% CPI print just another energy-driven inflation scare, or is the $40 trillion U.S. debt trap finally springing?

Matthew Piepenburg, Partner at Von Greyerz, joins Jeremy Szafron, Senior Anchor at Kitco News, to break down the massive disconnect between Main Street reality and Wall Street fantasy.

As 30-year U.S. Treasury yields hover near 5% and real wages fall, Piepenburg explains why the bond market has taken control away from the Federal Reserve. They discuss the immediate spot price disconnect in precious metals, why physical gold is migrating East, and the "invisible tax" of inflation that is actively destroying the middle class.

Finally, Piepenburg reveals the hard math behind a $20,000 gold target—arguing that gold is not in a bubble, but rather paper currency is in a terminal decline. Recorded May 12 2026

CHAPTERS

00:00 Energy Shock Or Debt Trap

02:02 Bond Market Warning Signs

 06:06 Ten Year Sets The Rules

09:08 Recession Versus Stagflation

12:08 Cantillon Effect And Inequality

 14:57 Hidden QE And Data Games

18:30 End Of Dollar Privilege

22:54 COMEX Delivery Breakdown

26:13 Physical Gold Moves East

30:31 Gold vs Money Supply

34:11 Silver Deficit Debate

37:41 Main Street Inflation Reality

42:27 Fed Driven Markets

49:21 Wealth Preservation Playbook

 53:11 How High Can Gold Go?

 55:59 Closing Thoughts

https://www.youtube.com/watch?v=lvSybXcF8w8

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 5-14-26

Good Afternoon Dinar Recaps,

BRICS Tensions and Gold Surge Signal Accelerating Shift in Global Financial Power

Rising geopolitical stress, energy instability, and reserve diversification are increasing pressure on the dollar-centered financial system

Today’s developments surrounding BRICS diplomacy, gold markets, and global energy tensions highlight how rapidly the international financial landscape is evolving toward a more fragmented and multipolar structure.

 OVERVIEW (KEY POINTS)

Global financial markets are increasingly reacting to a combination of energy disruption, de-dollarization efforts, and strategic reserve diversification as tensions surrounding Iran, BRICS coordination, and commodity markets intensify.

Today’s BRICS discussions in India come at a particularly sensitive moment. The bloc faces growing internal strain over how to respond to the Iran conflict, energy shortages, and pressure from Western financial systems. At the same time, countries across the Global South continue exploring alternatives to dollar-based trade settlement.

Gold prices remain historically elevated as investors and central banks seek protection from inflation, geopolitical instability, and rising sovereign debt concerns. Central bank demand for gold continues to reflect a broader loss of confidence in relying solely on fiat reserve systems.

The broader implication is that the world economy is slowly transitioning toward a system where multiple financial, trade, and reserve frameworks coexist instead of relying almost entirely on the U.S. dollar structure.

KEY DEVELOPMENTS

1. BRICS Meeting Highlights Growing Internal Financial Realignment

Foreign ministers meeting in India are facing mounting pressure over the Iran conflict and global energy instability.

• BRICS nations increasingly divided over diplomatic strategy

• Energy shortages and fuel costs impacting member economies

• Discussions continue around alternative payment systems and local currency trade

2. Gold Markets Reflect Rising Systemic Anxiety

Gold remains near historic highs despite recent volatility.

• Investors continue viewing gold as a hedge against geopolitical and inflation risk

• Central banks maintaining aggressive reserve diversification strategies

• Elevated oil prices increasing concerns over persistent global inflation

3. Energy Disruptions Continue Reshaping Trade Flows

The Strait of Hormuz remains a major pressure point.

• Shipping disruptions continue affecting oil and LNG markets

• Countries increasingly exploring regional energy security arrangements

• Commodity-linked currencies gaining attention amid market volatility

4. De-Dollarization Momentum Continues Expanding

Alternative settlement systems remain a growing priority.

• BRICS nations continue discussing payment systems outside SWIFT

• More energy transactions being settled in local currencies and yuan

• Countries seeking protection from sanctions exposure and reserve restrictions

5. Commodity Markets Are Influencing Currency Power

Energy and raw materials are increasingly driving global financial influence.

• Commodity-exporting nations gaining stronger currency positioning

• Oil and gas supply disruptions reshaping foreign exchange markets

• Financial power becoming more closely tied to resource security

WHY IT MATTERS

These developments matter because the global financial system depends heavily on stable reserve assets, reliable trade routes, and confidence in monetary institutions.

As geopolitical tensions increasingly affect energy flows and reserve policy, countries are accelerating efforts to reduce vulnerability to external financial pressure.

This transition does not necessarily signal the immediate collapse of the dollar system. However, it does suggest a future where financial influence becomes more decentralized and competitive.

The growing connection between commodities, currency systems, and geopolitical strategy is reshaping how nations manage reserves, trade, and long-term economic security.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Gold accumulation may continue supporting hard assets over fiat exposure

• Commodity-backed economies could gain stronger currency influence

• Currency volatility likely to increase during geopolitical disruptions

• Countries reducing dollar dependency may continue diversifying reserves

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Multipolar Financial Systems Expand

BRICS nations and emerging economies are increasingly building parallel settlement systems designed to operate independently from traditional Western financial infrastructure.

• Pillar 2: Commodities Become Strategic Monetary Assets

Gold, oil, LNG, and critical minerals are becoming central tools of geopolitical and financial leverage as nations reposition for long-term systemic change.

CONCLUSION

The convergence of BRICS diplomacy, gold accumulation, energy disruption, and reserve diversification reflects a deeper transformation taking place beneath the surface of the global economy.

Today’s financial environment is no longer defined solely by monetary policy or interest rates. It is increasingly shaped by strategic competition over energy, commodities, trade corridors, and reserve security.

While the dollar remains dominant, the foundations supporting that dominance are being challenged by structural shifts that continue gaining momentum across the developing world.

The global reset is no longer centered on a single event — it is unfolding through a series of interconnected economic and geopolitical realignments.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "A Tense BRICS Amid Iran War Oil Crisis"

• Reuters — "Gold Edges Down as Oil, Dollar Rise as Markets Await Signals From Trump-Xi Meeting"

~~~~~~~~~~

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RV Updates Proof links - Facts Link

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How The World Is Starting To Look Like 1492 All Over Again

How The World Is Starting To Look Like 1492 All Over Again

Notes From the Field By James Hickman (Simon Black / Sovereign Man) May 14, 2026

In the year 1484, a thirty-something year old sailor from Genoa was working in Lisbon when he stumbled upon a bold idea.  For the previous decade, he had served as a crewman on several Portuguese commercial expeditions to haul physical resources like gold, ivory, and fish from Asia back to European ports.

These voyages were treacherous; they all crossed into maritime territory controlled by the Venetians, Ottomans, or Egyptian Malmuk. So there was a high likelihood of a vessel being confiscated and its crew being captured or killed.

But through his marriage into a Portuguese navigator's family, this sailor had inherited a small library of nautical charts. And he spent years studying them and corresponding with scientists who studied cosmology.

Over time, he became convinced that a small fleet could reach Asia by sailing WEST, not east, and arrive to the spice markets of the Indies without passing through enemy territory.

The sailor’s name was Christopher Columbus. And he took his idea to the King of Portugal, John II.

The King was interested enough to convene a royal panel, but the ‘experts’ decided that Columbus had badly underestimated the size of the Earth and recommended against funding the voyage.

Columbus spent the next several years pitching his idea to anyone who would listen.

He sent his brother to make the case to Henry VII in England. He approached the French court. He crossed the border into Spain, secured an audience with Ferdinand and Isabella at Córdoba, and watched a second royal commission argue for nearly four years... before rejecting him for the same reasons the Portuguese had.

He gave up on Spain and was riding north to try the French court again when a royal courier caught up with him. Ferdinand and Isabella had just taken Granada on January 2, 1492 — a conquest that ended a decade-long war and brought the southern Mediterranean coast and its ports under their control.

With the war finally over and the southern frontier secured, the monarchs had excess cash to fund the next strategic venture.

So in April of that year, at the siege camp of Santa Fe outside Granada, Isabella signed the contract. A few months later, three small ships set sail— with the crew probably all assuming that they would not survive the voyage.

The Spanish crown’s investment paid off... and they spent the next century pulling staggering amounts of silver and gold out of the new continent Columbus had stumbled upon; Spain became the wealthiest power in Europe as a result.

This is how governments used to invest. They were like venture capital funds of their day, financing long-term bets on ports, territory, trade routes, and resources, all in an effort to secure strategic assets that compound over generations.

But for the last eighty years or so, the world has run a different experiment.

After 1945, the United States built a system in which the rest of the world manufactured goods, sold them to American consumers, and recycled their trade surpluses back into US Treasury bonds.

This system worked for decades; in fact the most rational thing a foreign government could do with its national savings was invest in US dollars and US government bonds. Any foreign country with a stockpile of Treasurys was considered stable and creditworthy.

But this system is now cracking. Rapidly.

After the Biden administration froze Russia's dollar reserves in 2022, foreign central banks understood that US government bonds were ‘safe’ only as long as their country stayed on America's good side.

Consequently, most foreign governments have been diversifying out of dollars ever since.

This year's Iran war drove the lesson home: the Strait of Hormuz, the narrow waterway through which roughly a quarter of the world's seaborne oil passes, has been closed since late February.

And every foreign country holding hundreds of billions of US government bonds has been reminded that, no matter how big their Treasury stockpile, they cannot feed their population with it. They cannot fill their people’s gas tanks with it. They cannot power homes with it.

So governments are reconsidering their US dollar positions more than ever.

Just like Ferdinand and Isabella, governments around the world started by acquiring gold; central banks have been buying it at the fastest pace in modern history since 2022.

But gold is only the leading indicator.

The next phase is foreign governments and central banks stockpiling other critical resources and materials— energy, fertilizer, copper, uranium, rare earths, food production, and even fresh water.

These are all strategic assets that no government can conjure out of thin air. And no amount of paper bonds can magically summon.

China has been running this playbook for fifteen years: they’ve purchased farmland in Africa, copper concessions in the Congo, rare-earth processing across central Asia, and the Belt and Road infrastructure that physically connects the resource to the buyer.

A large part of China’s investment capital has come from their steady liquidation of US Treasury holdings.

This is the Columbus-era calculus all over again. Whereas governments around the world used to stockpile US government bonds, they are now stockpiling strategic resources.

One obvious consequence is lower demand for US government bonds— which drives up interest rates, mortgage rates, and more. It probably also leads to a lot more inflation, i.e. the 1970s all over again.

But it also means that these critical resources— and the companies which produce them— should have a very, very bright future as foreign governments throw potentially trillions of dollars at the commodities sector.

This is the primary thesis behind Schiff Sovereign's monthly investment research service, Strategic Assets.

We look for profitable, well-managed real-asset businesses with pristine balance sheets that are trading at a low multiple of free cash flow— with clear catalysts for growth.

And those catalysts include our fragmenting world and the scramble to secure physical, critical assets.

To your freedom,

James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/investing/how-the-world-is-starting-to-look-like-1492-all-over-again-155156/?inf_contact_key=a6fc5aac6cbe83518ec150142aec6476ae788fd53dbd8435c82ea4a7febc39e6

Seeds of Wisdom RV and Economics Updates Thursday Morning 5-14-26

Good Morning Dinar Recaps,

US China Summit Raises Global Stakes: Taiwan Warning Overshadows Trade Progress

Xi Jinping’s sharp warning on Taiwan during high-level trade talks with Donald Trump highlights the fragile balance between economic cooperation and geopolitical rivalry

The Beijing summit revealed that while the world’s two largest economies still depend on each other financially, strategic tensions are intensifying across trade, technology, and military security.

 OVERVIEW (KEY POINTS)

Chinese President Xi Jinping and United States President Donald Trump held a high-stakes summit in Beijing aimed at stabilizing trade relations and preventing further deterioration in bilateral ties.

While both sides described recent trade negotiations as constructive, the summit quickly exposed deeper geopolitical divisions centered around Taiwan, semiconductor technology, military positioning, and global influence.

The meeting comes during a period of growing instability in global supply chains, slowing economic growth, and rising pressure on the international financial system. Both nations recognize the importance of avoiding direct confrontation, yet neither appears willing to compromise on core strategic interests.

The broader implication is significant: the relationship between China and the United States is increasingly evolving into a model of competitive coexistence, where cooperation in trade exists alongside expanding geopolitical rivalry.

KEY DEVELOPMENTS

1. Trade Negotiations Show Limited Progress

Both governments signaled optimism regarding economic cooperation.

• The United States pushed for increased access to Chinese markets for:

  • Agriculture

  • Energy exports

  • Boeing aircraft sales

  • Manufacturing investment

• China sought relief from restrictions on:

  • Advanced semiconductors

  • Artificial intelligence technologies

  • Chipmaking equipment exports

2. Taiwan Emerges as the Central Flashpoint

Taiwan dominated the strategic portion of the summit.

• Xi warned that mishandling Taiwan could create an “extremely dangerous situation”

• China strongly opposes expanding United States military support for Taiwan

• Reports indicate a proposed $14 billion US arms package for Taiwan remains under consideration

3. Technology Competition Intensifies

Artificial intelligence and semiconductors remain major battlegrounds.

• Washington increasingly views advanced chip exports as a national security issue

• China sees access to high-end technology as critical to long-term economic modernization

• The summit included participation from major technology leaders, reflecting the growing overlap between business and geopolitics

4. Global Security Concerns Expand Beyond Asia

The summit also addressed wider geopolitical risks.

• Discussions included:

  • Iran and Middle East instability

  • The war in Ukraine

  • Korean Peninsula tensions

• Trump reportedly encouraged China to pressure Iran toward broader negotiations

5. Power Dynamics Between Washington and Beijing Continue Shifting

Analysts note China entered the summit from a stronger position than in previous years.

• China now holds greater leverage in:

  • Rare earth supply chains

  • Manufacturing dominance

  • Global infrastructure investment

• Meanwhile, the United States faces:

  • Inflation pressure

  • Political polarization

  • Rising debt concerns

  • Multiple global security commitments

WHY IT MATTERS

The summit matters because China and the United States remain the two most influential forces within the global economy.

Any deterioration in relations between the two countries directly impacts trade flows, technology markets, currency stability, and investor confidence worldwide.

Taiwan, in particular, represents one of the most dangerous geopolitical flashpoints in modern history because it sits at the intersection of military power, semiconductor production, and strategic control in Asia.

The continued rivalry between Washington and Beijing is also accelerating broader global realignment trends, including supply chain diversification, regional trade blocs, and de-dollarization initiatives.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Geopolitical instability increases global currency volatility

• Trade tensions may strengthen demand for gold and safe-haven assets

• Asian currencies could face pressure during regional escalation risks

• Supply chain disruptions may impact inflation and purchasing power globally

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Economic Interdependence No Longer Prevents Rivalry

The summit demonstrates that major powers can remain financially connected while simultaneously competing for technological and geopolitical dominance.

• Pillar 2: Taiwan Becomes a Financial System Risk

Any future Taiwan crisis would impact semiconductor production, global trade routes, energy markets, and central bank stability simultaneously, making it a major systemic risk factor.

CONCLUSION

The Trump-Xi summit highlighted both the necessity and fragility of modern US-China relations.

Trade cooperation continues because both economies remain deeply interconnected, yet strategic distrust surrounding Taiwan, technology, and military positioning continues to grow.

The world is now entering a period where economic partnership and geopolitical confrontation increasingly exist side by side.

How Washington and Beijing manage that balance may ultimately determine the stability of the global financial system for the next decade.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "Xi Warns Trump on Taiwan as China United States Trade Talks Advance"

• Reuters — "US-China Leaders Hold High-Stakes Beijing Summit Amid Taiwan Tensions"

~~~~~~~~~~ 

 🌱 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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Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Thursday Morning 5-14-26

Ahead Of The Vote, Al-Sari Reveals His Program: Sovereign Finances First And A New Era In Salary Distribution.

Money and Business   Economy News – Baghdad    On Thursday, the nominee for the Ministry of Finance, Faleh Al-Sari, revealed his top priorities and ministerial program in the event of gaining confidence, just hours before the vote of confidence session in the House of Representatives.

Al-Sari said, "The Ministry of Finance will be the number one sovereign ministry in Iraq," adding that he assures all the people of Iraq, especially employees, contract workers and farmers, that their rights will be fully guaranteed.

He stressed that “the Ministry of Finance will be radically different from what it was in the past, and that ministries will no longer operate in isolation from the Ministry of Finance,” ruling out “the possibility of ministries being separate islands that are not connected to each other.”

He continued: "We will not accept that the Ministry of Finance be merely an office for distributing salaries, but rather it will be a fundamental economic ministry that leads all financial and commercial activities in the country."

Regarding digital transformation, Al-Sari explained that "the issue of taxes and customs has made great strides in the field of automation," indicating that "digital transformation and reducing reliance on cash is a key priority for the ministry."

Regarding the ministry's relationship with the House of Representatives, Al-Sari indicated that "based on his parliamentary experience over the past five sessions, he is fully aware of what the representatives are suffering from," announcing the allocation of a special wing for them within the ministry, with the formation of a working team that will receive the representatives and quickly fulfill their requests.

He pointed out that "my approach with the MPs will be clear and we will meet their demands, provided that they understand the financial and economic situation and the crisis that the country is going through," calling on the House of Representatives, especially the Finance Committee, to cooperate in legislating and amending reform laws, considering the parliament as "my main kitchen" for achieving financial and economic reforms. https://www.economy-news.net/content.php?id=69067

Loaded With Oil And Gas, Nine Ships Have Crossed The Strait Of Hormuz Since Sunday, But Are Under US Blockade.

energy   Economy News - Follow-up   Bloomberg reported on Thursday that nine oil and gas tankers have crossed the Strait of Hormuz since last Sunday.

The agency added, citing shipping data, that some of the nine ships remain within the US blockade line in the Strait of Hormuz, amid continuing military and trade tensions in the region.

The agency reported last Tuesday that US forces imposing a naval blockade on Iran prevented a Greek ship carrying about two million barrels of Iraqi oil from continuing its journey to Vietnam for "unknown" reasons, while the Vietnamese government appealed to the United States to allow the oil shipment to proceed.

The Strait of Hormuz region has witnessed escalating tensions since last March, as the vital waterway has turned into a direct military and maritime confrontation between the United States and Iran. https://www.economy-news.net/content.php?id=69065 

Iraq Topped The List Of Exports To The Amman Chamber Of Commerce With 188 Million Dinars During 2026

Money and Business   Economy News – Baghdad   By 22.3 percent, compared to the same period last year, Iraq topped the list of importing countries with a value of 188 million dinars.

According to the Chamber's statistical data, the value of exports issued by the Amman Chamber of Commerce through certificates of origin during the first third of this year amounted to about 492 million dinars, compared to 401 million dinars for the same period in 2025.

The data showed that the number of certificates of origin issued by the chamber during the first third of this year amounted to 10,005 certificates, compared to 10,174 certificates during the same period last year, a decrease of 1.7 percent.

According to the statistics, the certificates of origin were distributed among several countries, with Syria leading with 1903 certificates, followed by Saudi Arabia with 1598 certificates, then Iraq with 1052 certificates, then Egypt with 247 certificates, and Switzerland with 8 certificates.

In terms of value, Iraq came in first place with exports valued at 188 million dinars, followed by Egypt with 29 million dinars, then Switzerland with about 26 million dinars, Syria with 24 million dinars, and Saudi Arabia with about 23 million dinars.

Exports from the Amman Chamber of Commerce during the first third of this year included foreign products ("goods of foreign origin") valued at 201 million dinars, followed by industrial products valued at 69 million dinars.

https://www.economy-news.net/content.php?id=69066

Turkish Airlines Resumes Flights To Iraq

Money and Business   Economy News – Baghdad   The Ministry of Transport announced that the coming months will witness the restoration of full operational capacity at Baghdad International Airport, after a period of suspension and disruption to air traffic as a result of the security developments in the region, revealing that Turkish Airlines will resume its flights to Iraq on Thursday.

The director of the ministry's media office, Maitham Al-Safi, told the official newspaper that air traffic at Baghdad International Airport is witnessing a remarkable improvement and a gradual return to normal, with the resumption of a large number of regular flights by Arab and foreign airlines, coinciding with the continued airlift of pilgrims to the holy lands.

He added that Thursday will see the return of Turkish airlines to operate flights to Iraq, after a hiatus of more than two months, in addition to other countries and companies that will also resume their flights next month, most notably the Sultanate of Oman.

Al-Safi explained that the airport is currently experiencing regularity in daily flight schedules, with a noticeable increase in the number of arriving and departing passengers, stressing that the ministry is seeking to restore the airport’s full operational capacity in the coming months.

He noted that the ministry is continuing its contacts with international airlines to resume all suspended flights during the next phase, in conjunction with plans to develop services at Baghdad International Airport, including travel procedures, logistics and technical services. https://www.economy-news.net/content.php?id=69060

Bloomberg: A giant Japanese oil tanker secretly and rarely crosses the Strait of Hormuz

energy   Economy News - Follow-up     Bloomberg reported that the Japanese supertanker Ineos Endeavour secretly and rarely crossed the Strait of Hormuz, according to ship-tracking website data.

The agency reported that the tanker appeared in the Gulf of Oman after its last signal was inside the Gulf north of Abu Dhabi, suggesting that it crossed the strait without revealing its movements through the usual tracking systems.

According to the data, the tanker resumed broadcasting its location north of the Omani capital, Muscat, late Wednesday evening, heading east towards the Arabian Sea, after its broadcast had been interrupted since last Monday.

Bloomberg noted that the tanker entered the Gulf in late February to load crude oil from the UAE's Das Island and Kuwait's Al-Ahmadi port, while draft readings show it is almost full of cargo.

She added that the tanker had initially identified the Japanese port of Kerry as its destination, before later indicating that it was “awaiting orders,” suggesting that a final port of call has not yet been determined.

The agency indicated that this tanker is the second giant oil tanker owned by a Japanese company to cross the Strait of Hormuz since the outbreak of the war in late February. https://www.economy-news.net/content.php?id=69061

Prices Of Crops, Lentils, And Sour Meat Rose In Iraq During 2025

Money and Business   Economy News – Baghdad   Data released by the Iraqi Directorate of Agricultural Statistics on Thursday showed that the average prices of several agricultural products rose during 2025 compared to 2024, due to the effects of local inflation, changes in the dollar exchange rate, and openness to imports from foreign markets.

According to the data, the prices of field crops have increased, with wheat recording an increase of 4.9% to reach 510 dinars per kilogram, rice by 4.4% to 940 dinars, and barley by 3.8% to 436 dinars, while okra prices increased by 3.6% and tomatoes by 1.9%.

In the fruit sector, the price of lemons rose by 3% to reach 3034 dinars per kilogram, while pomegranates recorded an increase of 0.8% and peaches by 0.7%, in contrast to a decrease in the prices of some varieties, including apples and olives.

Date prices also recorded an increase, with Barhi dates rising by 3% to reach 2032 dinars per kilogram, and Maktoom by 3.2% to 1755 dinars.

In the meat sector, red meat prices rose, with lamb prices increasing by 3.2% and beef by 3.1%, while chicken prices fell by 7.2% to reach 2,900 dinars per kilogram.

The report indicated that the rise in prices is due to local inflation and the change in the dollar exchange rate, as well as the increase in imports from Arab and foreign markets, which was reflected in the price movement in Iraqi markets.

https://www.economy-news.net/content.php?id=69068