Good Morning Dinar Recaps,

Kim Yo Jong Rejects G7 Denuclearization Call, Declares North Korea’s Nuclear Status Permanent

Pyongyang dismisses G7 demands, reinforces its nuclear doctrine, and signals a long-term shift toward deterrence rather than disarmament.

Iraq's Basrah Crude Falls Over 3%

2026-06-17 Shafaq News- Basrah   Iraq's two Basrah crude grades fell more than 3% on Wednesday, widening the discount against Arab producer benchmarks and pushing Basrah Heavy toward the $50 threshold.

Basrah Heavy dropped $2.05, or 3.83%, to $51.45 per barrel, while Basrah Medium declined $2.05, or 3.69%, to $53.55 per barrel.

Good Evening Dinar Recaps,

The Firm’s Q &A Saturday Night Call 

WHEN:  📅 Saturday Night

6:00 PM Pacific

8:00 PM Central

9:00 PM Eastern

WHERE:  The Firm Q &A Room on Telegram,  LINK

Good Afternoon Dinar Recaps,

G7 Launches Critical Minerals Alliance to Reduce Dependence on China

New partnership aims to strengthen supply chains, boost strategic resource security, and reshape global trade as nations reduce reliance on Chinese critical minerals.

Oil Prices Fall On Uncertainty Over Hormuz Reopening

2026-06-16   Shafaq News   Oil prices extended ​losses on Tuesday, as markets weighed prospects for resumption of supply through the key Strait of Hormuz against ‌shaky physical market drivers and a lack of details from a preliminary deal to end the Iran war.

By 0436 GMT, Brent crude futures fell 25 cents, or 0.3%, to $82.92 a barrel and U.S. West Texas Intermediate inched down 9 cents, or 0.1%, to $80.66 a barrel.

Good Morning Dinar Recaps,

Europe's Gas Market Survives Hormuz Shock, but Long-Term Demand Decline Looms

The recent Strait of Hormuz disruption tested Europe's energy resilience, but the greater challenge may be adapting to a future of declining natural gas demand.

Al-Zaydi's Advisor Told Kurdistan 24: There Are No Plans To Raise The Dollar Exchange Rate.

Erbil (Kurdistan24) – An advisor to the Iraqi Prime Minister denied all reports circulating about the government's intention to raise the exchange rate of the dollar against the dinar to address the current financial crisis. He indicated that although the closure of the Strait of Hormuz has significantly harmed the country's revenues, the government will not resort to increasing the dollar's value.

The Iraqi Prime Minister's economic advisor, Mazhar Muhammad Salih, told Kurdistan 24 that Iraq's current financial challenges are directly linked to regional conflicts and tensions, as well as the closure of the Strait of Hormuz. He explained that approximately 85% of Iraq's oil was exported daily through this strait to global markets, and therefore, the disruption of this vital waterway has significantly reduced the government's financial capabilities.

Who Owns the Federal Reserve?

How the Fed Remains Independent

By    Kimberly Amadeo   Updated on October 2, 2024

The Federal Reserve is the central bank of the United States. Its decisions affect the U.S. economy and, therefore, the world. This position makes it the most powerful actor in the global economy. It is not a company or a government agency. Its leader is not an elected official, which makes it seem highly suspicious to many people, because it is not subject to either voters or shareholders.1

Learn how the Federal Reserve works, who actually owns it, and how they are held accountable.