Basrah Crudes Post Weekly Losses

2026-06-13   Shafaq News- Basrah   Iraq’s Basrah crude lost more than 18% over the past week, as major global benchmarks weakened.

Basrah Heavy crude dropped by $2.68 in its final trading session to $58.14 per barrel, down 4.41% on the day and recording a weekly loss of $11.14, or 19.16%. Basrah Medium crude slipped by $2.68 to close at $60.24 per barrel, falling 4.26% in its last session and posting a weekly loss of $11.14, or 18.49%.

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CLARITY Act Moves Closer to Senate Vote as White House Hosts Key Crypto Policy Meeting

White House officials, lawmakers, and major law enforcement organizations met this week to discuss the CLARITY Act, signaling growing momentum behind legislation that could establish a comprehensive regulatory framework for digital assets in the United States.

What Is the Ideal GDP Growth Rate?

The ideal growth rate is not too hot, not to cold, but just right

By   Kimberly Amadeo  Updated on January 26, 2023

A healthy gross domestic product (GDP) growth rate sustains the economy in the expansion phase of the business cycle for as long as possible. GDP is the total market value of the goods and services produced within a country in a year.

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The Geopolitics of Critical Minerals: The New Resource Race Reshaping the Global Economy

As the world transitions toward green energy and a multipolar economic order, critical minerals have become strategic assets at the center of global competition, raising questions about sovereignty, supply chains, and the future balance of economic power.

Finance Minister: We Look Forward To Benefiting From Australian Expertise To Support Development And Diversify The Economy.

Money and Business     Economy News – Baghdad   Finance Minister Faleh Sari received Australian Ambassador to Iraq Glenn Miles to discuss ways to strengthen economic relations and expand cooperation in the financial and banking sectors between the two countries.

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Global Markets Rally as Iran Peace Hopes Drive Oil Prices Lower

Investor optimism surged across global markets after President Donald Trump indicated that a peace agreement with Iran could be finalized within days, fueling expectations of improved energy stability and easing inflation pressures worldwide.

Al-Zaydi Proposes Raising The Dollar Exchange Rate And Selling Government Institutions To Pay Off Debts

Baghdad - Al-Sa'a Network Leaks from a meeting held by the leaders of the Coordination Framework at the home of the leader of the Wisdom Movement, Ammar al-Hakim, in the Jadriya area of Baghdad, revealed a rare political consensus on a broad economic plan presented by Prime Minister Ali al-Zubaidi, aimed at addressing the financial crisis and reducing public debt, but at the same time it raised widespread concerns among economists and academic circles.

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U.S. and Iran Move Closer to Deal as Negotiators Finalize Key Details

A potential agreement between Washington and Tehran could ease regional tensions, reopen critical trade routes, and reshape energy and financial markets worldwide.

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Trump Pushes $350 Billion Defense Package as SAVE America Act Gains Momentum

The Trump administration is urging Congress to quickly approve a proposed $350 billion reconciliation package that combines major defense spending with the SAVE America Act, setting up a significant debate over national security, federal spending, and election policy.