Basrah crudes post weekly losses amid global declines

2026-05-30 Shafaq News- Basrah   Iraq’s Basrah crude plunged more than 56% over the past week, recording the sharpest losses among major global oil grades.

Basrah Heavy crude fell by $29.31 in its last trading session to $66.07 per barrel, posting a weekly loss of $37.79, or 57.12%, while Basrah Medium crude dropped by $29.31 to settle at $68.17 per barrel, recording a weekly loss of $38.79, or 56.90%.

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Banking Industry Pushes Back as Crypto CLARITY Act Faces Growing Resistance

A major battle between traditional banking and the digital asset industry could shape the future structure of U.S. financial markets.

Members of the Parliamentary Integrity Committee: Al-Zidi's steps represent a strong start to combating corruption and recovering state funds

latest news  Sunday,   May 31, 2026    Baghdad - One News      Members of the Parliamentary Integrity Committee praised the measures taken by Prime Minister Ali Faleh al-Zaidi in the fight against corruption, considering that the formation of the Sovereign Council for Integrity and Recovery of Funds and the start of reviewing government contracts represent a strong start in the path of reform and holding those involved in wasting public money accountable. 

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China Accelerates Digital Yuan Expansion in Bid to Reshape Global Finance

Beijing is intensifying efforts to expand the digital yuan domestically and internationally as it seeks greater influence in the future of cross-border payments.

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Global Energy Investment Realigns as Geopolitical Risks Reshape Economic Priorities

Rising Middle East tensions and growing electricity demand are accelerating a historic shift in global energy investment patterns.

US Website: The Cost Of The War On Iran Exceeded $95 Billion

Money and Business    Economy News — Follow-up  US spending on the operation against Iran has exceeded $95 billion since it began on February 28, according to data from the Iran War Cost Tracker website, which tracks the costs of the Iranian war.

The website explains that its estimates are based on what was stated in the briefing given by the Pentagon to Congress on March 10, in which it said that Washington spent $11.3 billion in the first six days of fighting in the Middle East, and that it plans to spend an additional $1 billion for each subsequent day of the conflict.

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Global Debt Concerns and Central Bank Pressures Signal Growing Financial Reset Risks

Rising borrowing costs, expanding debt burdens, and shifting global capital flows are increasing pressure on the existing financial order.

Commander-In-Chief: The Government's Focus On Security Forces Is A Cornerstone For Stability

Iraqi News Agency,    INA - BAGHDAD     5/29/2026   PM and Commander-in-Chief of the Armed Forces, Ali Faleh al-Zaidi, affirmed on Wednesday that the government's focus on security forces is a cornerstone for stability and weapon control.

Al-Zaidi received on Wednesday several military and security commanders from various branches of the security forces, in the presence of the heads of the Intelligence and National Security services, the Chief of Staff of the Army, the Deputy Commander of the Joint Operations, and the undersecretaries of the Ministry of Interior, on the occasion of Eid Al-Adha Al-Mubarak, according to a statement from the PM Media Office, received by the Iraqi News Agency - INA.