Iraq Economic News And Points To Ponder Monday Afternoon 3-23-26

The Coordinating Body Will Meet Tomorrow, Tuesday, To Decide On A Replacement For Maliki

 latest news  Monday, March 23, 2026   Baghdad – One News    3/23/2026

 Saudi Arabia’s Al-Sharq TV reported that the Coordination Framework will hold a meeting on Tuesday to discuss nominating a replacement for former Prime Minister Nouri al-Maliki.

The channel added that disagreements within the framework led to the postponement of deciding on the mechanism for choosing a replacement, in light of differing positions among the leaders.

She indicated that some leaders informed Maliki of the need to withdraw from the prime ministership race, but he refused and stipulated that a vote be held within the framework to withdraw his candidacy.

 According to the sources, a proposal was put forward to conduct a secret paper vote to choose the alternative, with three options on the table including Maliki, the current Prime Minister Mohammed Shia al-Sudani, and a possible third candidate.

 She also explained that the coordinating framework has several options: either keeping al-Maliki, nominating al-Sudani, or choosing a new name, amid a clear division among its components.

 The channel confirmed that Tuesday’s meeting could be crucial in determining the course of the prime ministerial nomination, given the escalating controversy surrounding the decision-making mechanism within the framework.

https://1news-iq.net/الإطار-التنسيقي-يجتمع-يوم-غد-الثلاثاء/

IEA Prepared To Unseal Strategic Oil Reserves

2026-03-23 Shafaq News- Paris   The International Energy Agency (IEA) is weighing a release of emergency oil stocks as tensions linked to the Strait of Hormuz closure strain global supply, IEA Executive Director Fatih Birol indicated on Monday, describing the situation as the most severe since the energy crises of the 1970s.

Speaking at the National Press Club, Birol noted ongoing assessments of supply conditions and coordination with member states. “If necessary, we will of course do so. We are looking at the conditions,” he added, stressing that no fixed crude price would trigger another coordinated release.

“The most important and only solution to this problem is to open the Strait of Hormuz,” he remarked.

IEA member countries agreed on March 11 to release a record 400 million barrels of oil from strategic reserves to counter the sharp rise in global crude prices.

On Saturday, US President Donald Trump pledged to launch broad strikes on Iranian energy sites within 48 hours if Tehran does not fully reopen the Strait of Hormuz. In response, Iran threatened to fully close the maritime gateway and target regional energy infrastructure if its power facilities face attacks. https://www.shafaq.com/en/Economy/IEA-prepared-to-unseal-strategic-oil-reserves

Oil Prices Oscillate With Trump’s 48-Hour Ultimatum To Iran

2026-03-23 Shafaq News   Oil prices swung between gains and losses on Monday as investors weighed rising U.S. and Iranian threats over energy facilities against the release of millions of barrels of seaborne Iranian oil after Washington temporarily removed sanctions.

Brent crude futures rose 65 cents to $112.84 a barrel by 0446 GMT. U.S. West Texas Intermediate was at $98.75 a barrel, up 84 cents. Both contracts were down more than $1 earlier in the session.

The spread of more than $13 a barrel between Brent and WTI is the widest in years.

"Oil sentiment may lurch on threats and rhetoric in the near term, but ⁠its more durable direction will continue to be shaped by the state of Middle East oil flows," said Vandana Hari, founder of oil market analysis provider Vanda Insights.

On Saturday, U.S. President Donald Trump threatened to "obliterate" Iran's power plants if it did not fully reopen the Strait of Hormuz within 48 hours, barely a day after he talked about "winding down" the war, now in its fourth week.

Iran's Parliament Speaker Mohammad Baqer Qalibaf wrote on X that critical infrastructure and energy facilities in the Middle East could be "irreversibly destroyed" if Iranian power plants were attacked.

"It clearly means more escalation, which means higher oil prices. Some are incorrectly thinking, however, that Iran may cave," said Amrita Sen, founder of Energy Aspects.

"Trump is trying to show he can out-escalate and that way ends in scorched earth for Gulf infrastructure."

The crisis in the Middle East ⁠is "very severe" and worse than the two oil shocks of the 1970s put together, Fatih Birol, the executive director of the International Energy Agency, said on Monday.

The war has damaged major energy facilities in the Gulf and nearly halted shipping through the Strait of Hormuz, which handles about 20% of global oil and liquefied natural gas flows.

Analysts estimated a loss of 7 million to 10 million barrels per day of oil production in the Middle East.

Iraq ⁠has declared force majeure on all oilfields developed by foreign oil companies, three energy officials said.

Crude production at Basra Oil Company has been cut to 900,000 bpd from 3.3 million bpd, Iraqi Oil Minister Hayan Abdel-Ghani said in a statement issued by his ministry.

Indian refiners plan to resume buying Iranian oil while refiners elsewhere ⁠in Asia are examining such a move, traders have said.

"Drawing not only on the subtext of Trump’s remarks but also on a distillation of his barrage of often opaque, at times contradictory, statements, we detect a desire to bring hostilities to an end, alongside a ⁠growing focus on reopening the Strait of Hormuz," Hari said.

However, it is unclear that threats to strike Tehran’s energy infrastructure "will prove effective so long as Iran retains the capacity to launch retaliatory, like-for-like attacks on neighbouring states," Hari added.

https://www.shafaq.com/en/Economy/Oil-prices-oscillate-with-Trump-s-48-hour-ultimatum-to-Iran

Oil Prices Retreat $17 Following Trump’s Five-Day Truce

2026-03-23 Shafaq News   Oil prices plunged by more than 13% on Monday after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict now in its fourth week.

Brent crude futures traded at about $104.1 a ⁠barrel, or down 7.2%, at 1130 GMT after sliding as much as 15% to a session low of $96 a barrel. U.S. West Texas Intermediate was down 7.8% at $90.55 after losing 13.5% to a session low of $85.28.

The U.S. president had warned that Iranian power plants would be destroyed if Tehran failed to "fully open" the Strait of Hormuz to all shipping within 48 hours, setting a deadline of around 7:44 ⁠p.m. EDT (2344 GMT) on Monday.

His comments sparked threats of retaliation from Iran's Revolutionary Guards, which said they would attack Israel's power plants and those supplying U.S. bases across the Gulf region if Trump followed through with his ⁠threat to "obliterate" Iran's power network.

The war has damaged major energy facilities in the Gulf and nearly halted shipping through the Strait of Hormuz, which ⁠handles about 20% of global oil and liquefied natural gas flows. Analysts estimated a loss of 7 million to 10 million barrels ⁠per day of oil production in the Middle East.

(REUTERS)   https://www.shafaq.com/en/Economy/Oil-prices-retreat-17-following-Trump-s-five-day-truce

Iraqi Oil Tanker Clears Hormuz In First Transit Since Conflict

2026-03-23 Shafaq News- Baghdad   A supertanker carrying two million barrels of Iraqi crude has successfully passed through the Strait of Hormuz, marking the first confirmed shipment from Iraq via the waterway since the outbreak of the regional conflict.

Shipping data compiled by Bloomberg showed the tanker Omega Trader, operated by Mitsui O.S.K. Lines, has arrived in Mumbai in recent days.

The vessel’s tracking signal had last been recorded inside the Gulf more than ten days earlier, reflecting disruptions to maritime traffic during the escalation.

The transit underscores tentative movement in oil flows through Hormuz after weeks of disruption, with several vessels recently completing deliveries, primarily to India. Reports indicate New Delhi engaged with Iranian officials to secure safe passage for energy shipments, with Iran’s navy escorting at least one liquefied gas carrier through the strait.

https://www.shafaq.com/en/Economy/Iraqi-oil-tanker-clears-Hormuz-in-first-transit-since-conflict

Massive Wealth Transfer Incoming as Inflation Illusion Shatters

Massive Wealth Transfer Incoming as Inflation Illusion Shatters

Taylor Kenny:  3-22-2026

The current economic landscape is marked by a subtle yet significant phenomenon: a wealth transfer from the general public to the top echelons of society, particularly the top 0.1%.

This process, facilitated by inflation, operates much like a stealthy form of taxation, eroding the purchasing power of the average citizen without the immediate backlash associated with overt tax increases.

In a recent YouTube video, insights from Murray Rothbard’s seminal 1960s writings were brought to the forefront, shedding light on how government-induced inflation acts as a mechanism for wealth redistribution, favoring those at the pinnacle of economic and political power.

Murray Rothbard, a notable economist, astutely observed that inflation is not merely a byproduct of economic activity but a deliberate action taken by governments to expand the money supply.

By essentially “counterfeiting” money, governments devalue currency, reducing its purchasing power. This action doesn’t just diminish the value of money; it transfers wealth from those who hold currency to those who receive the newly created money first, typically governments and financial elites.

This process is particularly insidious because it doesn’t require legislative approval or direct action that could provoke public outcry, as is often the case with tax hikes.

The impact of this covert taxation is not felt evenly across society. Savers, individuals on fixed incomes, and the middle and lower classes bear the brunt of inflation’s effects.

Their purchasing power diminishes as prices rise, often without a corresponding increase in their income. Conversely, those closest to the source of the new money—governments and financial institutions—benefit at the expense of the broader population.

The current financial landscape, characterized by liquidity crises, Federal Reserve bailouts, and private credit freezes, exacerbates the wealth transfer cycle.

As governments and central banks implement policies aimed at stabilizing the financial system, they inadvertently accelerate the concentration of wealth among the elite. The  liquidity and the lowering of interest rates may prop up financial markets in the short term, but they also fuel asset price inflation, further enriching those who hold significant assets while leaving the average citizen to grapple with rising costs of living.

In the face of this ongoing wealth transfer, there’s a growing recognition of the importance of safeguarding wealth through assets that are less susceptible to the manipulations of monetary policy.

Gold, often regarded as “real money,” has historically served as a hedge against inflation and currency devaluation. Unlike fiat currencies, which can be printed in limitless quantities, gold’s supply is relatively fixed, making it a more stable store of value.

 By holding gold, individuals can protect their wealth from the erosive effects of inflation and challenge the government’s control over the monetary system.

The accelerating economic shifts underscore the urgency of taking proactive steps to secure one’s financial future.

 Rather than passively observing the unfolding economic drama, individuals can take action to build resilience and create generational opportunity.

Diversifying investments, including allocating a portion to gold and other real assets, can provide a buffer against the adverse effects of inflation and monetary policy manipulations.

The insights from Murray Rothbard’s work, as highlighted in the ITM Trading video with Taylor Kenney, serve as a timely reminder of the need for vigilance and action in the face of economic change. By understanding the mechanisms driving the wealth transfer and taking informed steps to protect and grow one’s wealth, individuals can navigate the challenges of the current economic environment and build a more secure financial future.

For those interested in delving deeper into this critical analysis and exploring strategies for safeguarding wealth, watching the full video from ITM Trading with Taylor Kenney is a valuable next step. As the economic landscape continues to evolve, staying informed and proactive is key to thriving in a world marked by significant financial shifts.

https://www.youtube.com/watch?v=2UR50O9I16k

The IQD vs. GLE, How Countries Increase Value in their Currencies

The IQD vs. GLE, How Countries Increase Value in their Currencies

Edu Matrix:   3-22-2026

In a thought-provoking video on the Edu Matrix YouTube channel, Sandy Ingram draws a fascinating comparison between the economic and currency situations of Iraq and Georgia.

Georgia, a country that declared its independence from the Soviet Union in 1991, Sandy sheds light on the nation’s remarkable economic progress and contrasts it with the challenges faced by Iraq.

Georgia, a country with a relatively young history, has made tremendous strides in its economic development since joining the global economy in 1995.

With the support of institutions like the International Monetary Fund (IMF) and the World Bank, Georgia has achieved significant milestones. Despite initial difficulties in tax collection, the country has managed to post positive GDP growth, curb inflation, and attract substantial international investment, particularly in the real estate and tourism sectors.

The Georgian currency, the Lari (GEL), has remained stable on the forex market, and the cost of living in the country remains affordable. This has made Georgia an attractive destination for retirees and tourists alike. The country’s tourism industry is thriving, with visitors drawn to its rich cultural heritage, stunning landscapes, and warm hospitality.

In stark contrast, Iraq continues to grapple with the challenges of economic modernization and public trust in its financial institutions.

The Central Bank of Iraq is attempting to introduce a new digital Iraqi dinar (IQD), but many Iraqis remain hesitant to deposit their money in banks due to a lack of confidence in the system. This lack of trust is a significant obstacle to the country’s economic development, and it is compounded by ongoing security issues.

Despite its rich historical and religious significance as the birthplace of Judaism, Christianity, and Islam, and its ancient landmarks like Babylon and the Tigris and Euphrates rivers, Iraq’s economy remains stagnant.

Sandy Ingram questions whether Iraq can attract global tourists and investors given its current security challenges and lack of modernization.

The comparison between Georgia and Iraq implicitly highlights the crucial role that political stability, economic reforms, and openness to global markets play in determining a country’s currency strength and overall economic health. Georgia’s willingness to adopt economic reforms and engage with the global economy has been instrumental in its success.

In contrast, Iraq’s ongoing struggles with security and modernization have hindered its economic progress. The video suggests that a country’s economic fate is closely tied to its ability to create a stable and attractive business environment.

The video also touches on the cultural and generational divide in Georgia, where older generations retain a strong Russian influence, while younger citizens are embracing a distinct Georgian identity that is aligned with global trends. This cultural shift is likely to have a positive impact on Georgia’s continued economic development, as the younger generation is more likely to be open to new ideas and global best practices.

The Edu Matrix video offers a fascinating comparison between the economic situations of Georgia and Iraq.

While Georgia has made significant strides in its economic development, Iraq continues to face significant challenges. The key takeaways from the video highlight the importance of political stability, economic reforms, and openness to global markets in determining a country’s economic health.

As we watch the full video from Edu Matrix on YouTube, we are left with a deeper understanding of the complex factors that shape a nation’s economic trajectory.

The contrast between Georgia’s rise and Iraq’s struggles serves as a reminder that economic development is a multifaceted and ongoing process that requires careful planning, reform, and a willingness to engage with the global economy.

https://www.youtube.com/watch?v=r3lCoPv7REM

Seeds of Wisdom RV and Economics Updates Monday Afternoon 3-23-26

Good Afternoon Dinar Recaps,

Treasury Pushes AI Integration: Financial Stability Enters the Algorithm Era

U.S. regulators pivot toward proactive AI adoption as a pillar of economic security and system resilience

Overview (Key Points)

    • The U.S. Treasury and FSOC launched the AI Innovation Series to accelerate responsible AI adoption across the financial system
   • Regulators are shifting from restriction to enablement, recognizing that failure to adopt AI is now a systemic risk   • AI is becoming embedded in core financial infrastructure, including fraud detection, credit allocation, and cybersecurity
   • Public-private collaboration will shape governance frameworks to ensure safe, scalable, and resilient deployment

Key Developments

1. Treasury Signals Major Regulatory Shift Toward AI Enablement

The Treasury Department is reframing its regulatory stance, moving away from a defensive posture toward one that actively encourages AI adoption. Officials emphasized that lagging in AI integration could weaken financial institutions, making them less competitive and more vulnerable to systemic risks.

This marks a philosophical shift in financial oversight, where innovation is now tied directly to national economic strength.

2. AI Declared a Core Component of Financial Stability

Leadership within FSOC made clear that AI is no longer optional infrastructure. From fraud prevention to risk modeling, 

AI is now seen as essential to maintaining efficiency, security, and resilience across financial markets.
Institutions that fail to modernize could introduce inefficiencies and vulnerabilities into the broader system.

3. Launch of Public-Private AI Innovation Series

The initiative will host four high-level roundtables, bringing together banks, fintech firms, regulators, and AI experts.

The goal is to identify high-impact use cases while ensuring governance frameworks evolve alongside deployment.

4. Focus on Operationalizing AI Across Financial Systems

Treasury leadership emphasized a shift from experimentation to full-scale operational integration.

The focus is on embedding AI into core workflows like credit underwriting, cybersecurity, and risk management, with measurable improvements in resilience and efficiency.

Why It Matters

This signals a structural transformation in how financial systems are governed. AI is becoming foundational infrastructure, not just a tool.

The U.S. is positioning itself to lead globally in AI-driven finance, potentially reshaping capital flows, risk models, and market behavior.

Why It Matters to Foreign Currency Holders

    • Financial power is increasingly tied to technological leadership    • AI-driven productivity may influence currency strength and valuation    • Lagging nations risk weaker financial competitiveness and currency stability    • Accelerates shift toward digital and programmable monetary systems

Implications for the Global Reset

• Pillar 1: Structural Evolution of Financial Infrastructure

AI integration represents a deep modernization of global financial architecture, transforming how money, credit, and risk flow through the system.

• Pillar 2: Technological Competition as Monetary Power

Future dominance will be shaped by AI capability, giving leading nations greater influence over markets, capital flows, and global standards.

This is not just technological innovation — it’s the intelligence upgrade of the global financial system.

Seeds of Wisdom TeamNewshounds News™ Exclusive

Sources

•  U.S. Department of the Treasury — Treasury Launches AI Innovation Series (March 23, 2026)

•  Financial Stability Oversight Council (FSOC) — Public-Private AI Initiative Announcement and Remarks

~~~~~~~~~~

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Iraq Economic News And Points To Ponder Monday Afternoon 3-23-26

Iraq increases holdings of US bonds to $42B in December

2026-03-23 Shafaq News- Washington   Iraq’s holdings of US Treasury bonds reached $42 billion by the end of December 2025, up from $41.1 billion in November, the US Treasury’s Treasury International Capital (TIC) system said on Monday.   The data showed that long-term holdings accounted for $40.8 billion, while short-term bonds totaled about $1.2 billion.

Monthly figures for 2025 indicated a steady rise in long-term bond holdings, while short-term holdings remained relatively stable. Total holdings increased from about $39.85 billion in January to $42 billion in December 2025.

In 2024, Iraq’s total holdings stood at around $23.4 billion, with an annual increase of nearly 79%, driven primarily by higher investment in long-term bonds.https://www.shafaq.com/en/Economy/Iraq-increases-holdings-of-US-bonds-to-42B-in-December

Precious Metals Tank In Global Liquidation Wave

2026-03-23 Shafaq News   Gold slid more than 5% on Monday, reaching its weakest level of 2026 after logging its worst week in about 43 years, as an escalating Middle East conflict stoked inflation concerns and raised expectations of higher global interest rates.

Spot gold fell 5.8% to $4,226.16 per ounce as of 0633 GMT, its lowest since December 11, and extended losses into a ninth straight session.

The metal dropped more than 10% last week, its worst week since February 1983, ⁠and has also retreated more than 20% from its record peak of $5,594.82 an ounce reached on January 29.

U.S. gold futures for April delivery fell 7.5% to $4,231.80.

"With the Iranian conflict into its fourth week, and oil prices hanging around the $100 level, expectations have pivoted from rate cuts to potential rate hikes, which have tarnished gold's appeal from a yield point of view," said Tim Waterer, chief market analyst, KCM Trade.

Iran said on Sunday it would strike the energy and water systems of its Gulf neighbours in retaliation if U.S. President Donald Trump follows through with his threat to hit Iran's electricity grid in 48 hours.

Asian shares fell, and oil prices stayed well above $110 a ⁠barrel.

"Gold's high liquidity appears to be hurting it during this risk-off period. Downturns in stock markets are leading to gold portions being closed to cover margin calls on other assets," Waterer said.

The closure of the Strait of Hormuz has kept crude elevated, stoking inflation fears by pushing up transport and manufacturing costs. While rising inflation typically boosts gold's appeal as ⁠a hedge, high rates curb demand for the non-yielding asset.

"A reinforced shift from safe-haven allocation towards macro-driven positioning could skew risks further to the downside, as a firmer U.S. dollar and the receding probability of the Fed easing dominate the narrative," ⁠said BMI, a unit of Fitch Solutions.

Market pricing for a U.S. Federal Reserve rate hike this year has shot up, with rate futures showing the U.S. central bank is more likely to raise interest rates than cut ⁠them by the end of 2026, according to CME's FedWatch tool.

Other precious metals also declined sharply, with spot silver declining 8.9% to $61.76 per ounce. Spot platinum slipped 9% to $1,749.31 and palladium shed 5.2% to $1,330.50.

(REUTERS)  https://www.shafaq.com/en/Economy/Precious-metals-tank-in-global-liquidation-wave

Dollar Trading Halts In Baghdad, Resumes In Erbil After Holiday

2026-03-23 Shafaq News- Baghdad/ Erbil   Dollar trading halted in Baghdad on Monday as wholesale markets still closed for the Eid al-Fitr holiday, while trading resumed in Erbil of the Kurdistan Region.

Some exchange shops in Baghdad continued limited activity, with the selling price at 155,500 Iraqi dinars per 100 US dollars and the buying price at 154,500 dinars.

In Erbil, the US dollar declined slightly, trading at 154,400 dinars for selling and 154,300 dinars for buying per 100 dollars.

Baghdad’s currency markets are expected to reopen on Tuesday as the Eid holiday concludes across Iraq, with trading set to resume gradually.   https://www.shafaq.com/en/Economy/Dollar-trading-halts-in-Baghdad-resumes-in-Erbil-after-holiday

Gold Prices Fall In Baghdad And Erbil Markets

2026-03-23 Shafaq News- Baghdad/ Erbil   On Monday, gold prices declined in Baghdad and Erbil markets, with trading activity in the capital remaining limited due to the Eid holiday.

According to a survey by Shafaq News Agency, gold prices on Baghdad's Al-Nahr Street recorded a selling price of less than 1 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 875,000 and 885,000 IQD, while Iraqi gold sold for between 845,000 and 855,000 IQD.

In Erbil, prices also declined, with 22-carat gold selling at around 975,000 IQD per mithqal, 21-carat gold at 930,000 IQD, and 18-carat gold at 797,000 IQD.https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-and-Erbil-markets-1-0

Iraq, Five Arab States Hold 1K+ Tons Of Gold Reserves

2026-03-23 Shafaq News- Baghdad  Iraq and five Arab countries hold a combined over 1,000 tons of gold reserves, according to global data for March 2026, underscoring a steady build-up of bullion holdings in the region.

Saudi Arabia led Arab states with 323.1 tons, followed by Lebanon (286 tons), while Iraq ranked third with 174.6 tons, ahead of Algeria (173.6 tons) and Libya (146.7 tons).

Iraq’s gold holdings account for 24.6% of its total foreign reserves, according to the data.

Globally, the United States topped the list with 8,133 tons, followed by Germany (3,350 tons), Italy (2,451 tons), France (2,437 tons), and Russia (2,326 tons).

Data from the World Gold Council showed Iraq increased its reserves in 2025, purchasing 1 ton in March, 1.6 tons in June, 3.1 tons in July, 2.5 tons in August, and 3.8 tons in October.https://www.shafaq.com/en/Economy/Iraq-five-Arab-states-hold-1K-tons-of-gold-reserves

Iraq-Italy Trade Surpasses $2.7B

2026-03-23 Shafaq News- Baghdad   Iraq’s trade with Italy topped $2.7 billion in 2025, largely fueled by crude oil exports, the international trade platform OEC reported on Monday.

According to the data shared, roughly $2.6 billion of that total came from crude oil shipments. Non-oil exports added about $112 million, covering agricultural products, raw materials, and selected manufactured goods.

Imports from Italy reached around €192 million ($207 million), consisting of industrial equipment, machinery, and business services exchanged between Iraqi and Italian companies.https://www.shafaq.com/en/Economy/Iraq-Italy-trade-surpasses-2-7B

IEA Prepared To Unseal Strategic Oil Reserves

2026-03-23 Shafaq News- Paris   The International Energy Agency (IEA) is weighing a release of emergency oil stocks as tensions linked to the Strait of Hormuz closure strain global supply, IEA Executive Director Fatih Birol indicated on Monday, describing the situation as the most severe since the energy crises of the 1970s.

Speaking at the National Press Club, Birol noted ongoing assessments of supply conditions and coordination with member states. “If necessary, we will of course do so. We are looking at the conditions,” he added, stressing that no fixed crude price would trigger another coordinated release.

“The most important and only solution to this problem is to open the Strait of Hormuz,” he remarked.

IEA member countries agreed on March 11 to release a record 400 million barrels of oil from strategic reserves to counter the sharp rise in global crude prices.

On Saturday, US President Donald Trump pledged to launch broad strikes on Iranian energy sites within 48 hours if Tehran does not fully reopen the Strait of Hormuz. In response, Iran threatened to fully close the maritime gateway and target regional energy infrastructure if its power facilities face attacks.https://www.shafaq.com/en/Economy/IEA-prepared-to-unseal-strategic-oil-reserves

Iraq’s 20% Telecom Tax Sparks Debate Over Economic Burden On Citizens

2026-03-23 Shafaq News- Baghdad   The decision by Iraq’s caretaker government, led by Mohammed Shia Al-Sudani, to reimpose a 20% tax on internet services and mobile recharge cards has sparked debate over the country’s fiscal policy and its direct impact on citizens.

The measure, which took effect on March 10, 2026, reinstates a tax previously abolished in 2022. However, it is now applied differently, with the levy added directly to the price paid by users rather than being imposed on telecom companies, as was the case under former Prime Minister Haider al-Abadi (2014–2018).

In 2016, Haidar Al-Abadi’s government defended salary deductions of 3.8% and telecom taxes as necessary during the costly war against ISIS and a sharp decline in oil prices. At the time, Iraq’s domestic debt stood at 63 trillion dinars ($52–53B in 2016 terms).

Recent economic data indicate that domestic debt rose to 91 trillion dinars in 2025–2026 (USD69 - 70 B), prompting the government to seek additional liquidity and focus on increasing non-oil revenues.

Economic experts interviewed by Shafaq News say the key difference between the two periods lies in how the tax is applied. Previously, companies could absorb part of the cost or adjust pricing structures. Now, the tax is passed directly to consumers, with an immediate effect on service prices.

Nawar Al-Saadi, a professor of international economics, described the shift as a “dangerous transformation” in tax policy. “In 2015, the tax targeted telecom companies as the legally responsible entities, allowing them some flexibility in managing the cost,” he told Shafaq News, adding that today, the burden has moved entirely to the consumer, meaning the impact is immediately reflected in the price of recharge cards or internet subscriptions.

He noted that this approach eliminates room for competition among providers to absorb costs, explaining, “Users now pay the full 20% when purchasing mobile credit or renewing fiber-to-the-home (FTTH) subscriptions.”

Saadi stressed that telecommunications and internet services have become essential to economic activity, education, and work, making any increase in their cost significant for a broad segment of the population.

Economic researcher Ahmed Eid said the decision reflects a government push to boost non-oil revenues but raises concerns about how the tax burden is distributed.

Speaking to Shafaq News, he said, instead of addressing inefficiencies in public revenue management or collecting outstanding dues from major companies accused of failing to meet past financial obligations, “the government has turned to taxing everyday services used by citizens because it is the easiest option.”

Eid pointed out that many countries are reducing taxes on digital services to support technological transformation, “while Iraq is moving in the opposite direction.” He also argued that imposing a tax of this scale on services relied upon by millions for work and education highlights a misalignment in fiscal priorities and deepens perceptions of inequality.

https://www.shafaq.com/en/Economy/Iraq-s-20-telecom-tax-sparks-debate-over-economic-burden-on-citizens

News, Rumors and Opinions Monday 3-23-2026

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Mon. 23 March 2026

Compiled Mon. 23 March 2026 12:01 am EST by Judy Byington

Judy Note: “THIS IS THE BLACK SWAN: 23 March 2026 (03.23.2026). Remember this date. The 48 hours expire. The Strait closes or the grid falls. Either way, the fiat system collapses. Either way, the petrodollar dies.

“THE QUANTUM FINANCIAL SYSTEM IS NOT COMING. IT IS ALREADY HERE. WAITING. FOR THIS EXACT MOMENT. Gold. XRP. ISO 20022.

~~~~~~~~~~~~~~~

Sun. 22 March 2026 MAJOR ECONOMIC INTEL UPDATE — APRIL 2026 NESARA-ALIGNED OPERATIONS ARE NO LONGER HIDDEN. THEY ARE ACTIVE. …The Great Reset on Telegram

The financial shift that was once dismissed as speculation is now (allegedly) unfolding in real time.

Multiple high-level financial and institutional channels confirm that payout mechanisms tied to the transition framework have already(allegedly entered early execution phases under Treasury coordination and secured oversight structures.

April 2026 marks a critical acceleration point in what is now recognized as the largest financial restructuring in modern history.

What started as backend alignment in 2025 has now (allegedly moved into controlled public-phase integration.

Behind the scenes, the architecture of the old financial order is (allegedly being systematically dismantled while a new asset-backed framework is being activated in parallel. This phase includes:

• The controlled shutdown of legacy fiat dependency systems
• The reallocation of seized off-ledger assets into structured redistribution channels
• The unwinding of long-standing global debt mechanisms tied to central banking control
• The live integration of ISO20022 and asset-backed settlement layers

Every major institution is aware of the transition: Treasury, central banks, and global financial entities are already (allegedly operating within updated protocols. Public silence is intentional.

THE UNITED STATES IS NOW IN THE EXECUTION PHASE For decades, the system operated on inflation, debt expansion, and invisible extraction. That model is now reaching its endpoint.

Since early 2025, coordinated actions have been reshaping the financial core from within.

NESARA-aligned protocols are activating in layers:

• Internal systems are already processing debt-adjustment structures
• Gold-backed calibration models are running through Treasury-linked channels
• Recovered capital from international holdings is being redirected into controlled distribution pipelines
• Legacy banking clearance systems are being replaced by secure, next-generation financial rails

This infrastructure is already functioning — even if it is not being acknowledged publicly.

Read full post here:  https://dinarchronicles.com/2026/03/23/restored-republic-via-a-gcr-update-as-of-march-23-2026/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Jeff   The government could form very quickly after the war and voting on a president...This is just a gut feeling...more of an opinion, doesn't mean I'm right, but I have a feeling they have the formation of the government more strategically planned than they're telling us because they've said about extending Sudani's term countless times...Those are the things you need to look for to see how this is playing out...

Militia Man  Iraq's current phase mirrors the Turkmenistan  transition in 2009...I studied it very thoroughly, paid attention to it and I knew Iraq's model was mirroring it.  It's not exact because we have new technologies...but the psychological aspect of it is for the people.  They need to have the people on board to do reforms and they do...Al-Sudani has trust... Turkmenistan first reduced cash circulation, enforced official rates and built reserves.  It then removed 3 zeros from its currency...followed by a managed float...Iraq has followed a similar sequence.  3 years of stacking reserves...non-oil revenues increased, inflation significantly low and note reduction through electronic payments... [Post 1 of 2....stay tuned]

Militia Man  The delete the three zeros project is a technical cleanup and a managed REER...Managed REER is the logical next step to reflect actual economic strength...So what comes next?  If all of this holds true, and the data strongly suggests it does, the logical next step is a managed REER adjustment when the CBI deems it is prudent.  A clean political slate would help create the most stable environment for that move.  But the CBI independence means the monetary decision can proceed on its own timeline once internal fundamentals and regional calm are in place...The next phase is the one we've been watching for for many years...I think the quiet way they've done this is winning... [Post 2 of 2]

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Is this the Perfect Silver Set Up?

Miles Harris: 3-23-2026

A deep dive into whether silver is setting up for a major revaluation.

This video breaks down the disconnect between falling prices and rising real-world demand, the role of silver in energy, AI, and infrastructure, and how shifts in the financial system could change everything.

Is this just another downturn; or the early stage of a perfect long-term setup?

https://www.youtube.com/watch?v=L1z1iIIIkVA

“Tidbits From TNT” Monday 3-23-2026

TNT:

Tishwash: Mass evacuation: Cargo planes evacuate foreigners from the Joint Operations Command in Baghdad - Urgent

 An informed source reported on Sunday (March 22, 2026) that all foreigners working at the Joint Operations Command headquarters in Baghdad have withdrawn and left.

The source told Baghdad Today that "the evacuation process included all foreigners present at the command headquarters, as they were transported via air cargo planes that arrived at the military bases two days ago."

He added that "the move came as part of strict security measures that coincided with the evacuation of other vital sites in the area."  link

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Tishwash:  Central Bank: Measures to address the problems of Iraqi banks deprived of dealing in dollars

Ahmed Dawood Salman, the director of the transfers department at the Central Bank of Iraq, announced that the bank has taken several measures to address the problems of Iraqi banks that are deprived of dealing in dollars.

He added in statements carried by the Iraqi News Agency and followed by Iraq Observer: The Central Bank is continuing its procedures with international auditing companies, in order to audit the previous transfer process that led to some Iraqi banks being deprived of dollars or any problems that Iraqi banks were facing that led to them being deprived of dealing in dollars.

 He added that “there are several conditions and procedures that the Central Bank has imposed on banks, as the Director General of the Investment Department for Foreign Transfers and the Director General of the Banking Supervision Department are working on this matter with the auditing firm (Olive Wyman) and we will continue and we will notice the changes in the coming days.”  link

************

Tishwash:  Al-Jizani: We expect the government formation to be finalized after Eid al-Fitr.

Sami Al-Jizani, a member of the National Wisdom Movement, predicted that the issue of forming a government would be resolved after Eid al-Fitr, stressing the need to end the constitutional vacuum in light of the continuation of the caretaker government.

Al-Jizani said, during his appearance on the “Free Talk” program on Al-Furat satellite channel, that “the speech of the head of the National State Forces Alliance, Mr. Ammar Al-Hakim, stressed the importance of finding a quick solution to the political crisis, in order to enable Iraq to play its pivotal role in the region,” noting that “the country has a position and distinguished relations that qualify it for this, but the delay in forming the government is hindering this role.”

He added that "the region is linked by religious, social and political ties," pointing to "Iran's role in supporting Iraq during the war against ISIS," while Mr. Al-Hakim warned of the expansion of the conflict in light of the current escalation.

Al-Jizani explained that "there are attempts by some countries to play a positive role; however, most countries in the region have not taken effective action to end the crisis," indicating that "the current stage requires prioritizing the national interest and moving towards forming a fully empowered government."

He stressed that "the supreme religious authority called for supporting oppressed peoples, especially in Iran and Lebanon, which is consistent with Mr. Al-Hakim's supportive stances in this regard."

In his speech during the Eid al-Fitr sermon at his office in Baghdad, Mr. Al-Hakim said that our country is facing a sensitive stage in its history, in light of rapid regional and international transformations and major economic and security challenges, which requires all of us to deal with the spirit of supreme national responsibility and the mindset of the state. In the current circumstances, Iraq cannot tolerate the continuation of the political vacuum or the disruption of the work of its constitutional institutions, because a strong state is not run with diminished powers and does not face challenges with temporary governments or interim solutions.

 He stressed that respecting constitutional deadlines is not just a legal procedure, but an expression of respect for the will of the people and the preservation of the stability of the political system. Therefore, expediting the formation of a fully empowered Iraqi government is no longer a political matter that can be postponed or manipulated, but has become an urgent national necessity imposed by the interest, security and stability of Iraq.

Mr. Ammar Al-Hakim stressed, “We will not stand idly by in the face of the continued political deadlock that has exhausted state institutions and burdened citizens. We will work with all available constitutional and political means to end the deadlock and accelerate the completion of constitutional requirements by forming a strong government that possesses the real elements of success that enable it to fulfill its responsibilities towards our people in this sensitive and critical stage.”  link

***********

Mot: Learning English Again

Monday Coffee with MarkZ. 03/23/2026

Monday Coffee with MarkZ. 03/23/2026

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning……welcome to another week.

Member: In gematria, “our week” aligns with 7, a number of completion and new beginnings. One signals fresh starts, nine signals fulfillment. Together it whispers that cycles are closing.

Member: I am so ready for this RV to happen

Member: Iraqi Kurds celebrate Nowruz, (New Year) light over dark.

Member: What is up with all the delays……why won’t they release the RV?????

Member: Mark, curious, are the RV numbers whispering any juicy secrets this year? Any surprises hiding under the hood

MZ: On the bond side there is some interesting pieces……nothing yet they can spend though but big expectations.

MZ: I do not know if this is true or accurate so take it with a trainload of salt. A number of bond contacts ….at least 4 have told me that Wednesday should be their day to be paid and this triggers the currencies… consider this a rumor for now.  

Member: Wednesday for Bonds makes sense...b'cause we always heard 'it' would happen on a Thursday!

 Member: This Iran conflict would be great cover for the RV

MZ: It would be the perfect cover….no one would be paying attention except for us. I think a lot happened over the weekend….and news will filter out through the week.

Member: IMO Banks are gonna need our currency to save themselves from this silver debacle...we are about to be very popular folks

Member: Good morning… Seems like a 5 day cease fire has been agreed upon to negotiate with Iran. Trump has indicated they are willing to capitulate to all of our demands. Hopefully this peace = our RV!!!

MZ: Axios: “ Trump’s team lays out plan to start peace talks with Iran”  Its been 3 weeks since this conflict started

MZ: “Iraq raises US bond holdings to $42 billion” This is huge. If Iraq was going the opposite direction they would join BRICS and banish the US. This tells me that Iraq is on board witht eh Trump plan in the middle east.

MZ: “174.6 tons. Iraq has the third largest holdings of gold reserves in the Arab world” They are looking to unload some of their foreign currency reserves so they don’t have to dip into their gold holdings until this Iran conflict is over.

Member: two different Iraq Vets told me years ago Iraq has veins of gold exposed on the surface in the desert

Member: There is a rumor that Zimbabwe revalued to .03 cents. says 1 Millon Zim will be worth $30 thousand

Member: There is also a rumor that the Treasury Notes are in the Banks to be announced on Wed?

Member: The Bank meeting Thursday the manager admitted currency is going gold backed

Member: Tomorrow is March 24th….the anniversary of the day they revalued in Kuwait years ago.

Member: Astrologically this an incredibly powerful week

Member: Thanks Mark and Mods. Everyone have a very good day ……be blessed

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

https://rumble.com/user/theoriginalmarkz

Kick:  https://kick.com/theoriginalmarkz

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU FOR JOINING.  HAVE A BLESSED DAY.  SEE YOU IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!   FOR UPDATES ON MARK’S PODCAST GO TO: https://t.me/+b3hYhYlhKM1hYzcx

Youtube:     https://www.youtube.com/watch?v=l1fHOz967fk

FRANK26….3-22-26….BANK STORY

KTFA

Sunday Night Video

FRANK26….3-22-26….BANK STORY

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=AH3RkGxgFd8

Seeds of Wisdom RV and Economics Updates Monday Morning 3-23-26

Good Morning Dinar Recaps,

Global Reset Series – Part 6

The Global Debt Pressure Point

Rising sovereign debt levels are creating one of the most significant financial risks facing the global economy.

Overview

Global government debt has reached record levels in recent years, raising concerns among economists and financial institutions.

According to the International Monetary Fund, total global debt now exceeds hundreds of trillions of dollars, including both public and private borrowing.

Key Developments

1. Government borrowing surged during recent crises

Large fiscal spending programs were implemented across many countries during:

• pandemic economic disruptions
• financial stabilization efforts
• energy market volatility

2.Debt servicing costs are rising

As interest rates increased globally, many governments are facing higher borrowing costs.

This can place pressure on national budgets and financial stability.

3.Financial institutions are monitoring risks

Organizations such as the World Bank and the International Monetary Fund are closely studying how rising debt levels could affect global economic growth.

Why It Matters

High sovereign debt levels can influence:

• currency stability
• monetary policy decisions
• financial market confidence

Why It Matters to Foreign Currency Holders

Debt pressures often drive major changes in economic policy, fiscal frameworks, and monetary strategies.

These pressures can influence long-term financial system reforms.

Implications for the Global Reset

• Pillar 1 — Fiscal Stability

Managing sovereign debt will remain a key challenge for governments worldwide.

• Pillar 2 — Monetary Policy

Central banks must balance inflation control with financial stability.

Seeds of Wisdom Team View

Debt cycles have historically played a major role in financial system transitions.

Understanding these pressures helps explain why governments may explore new financial tools and policy frameworks.

Seeds of Wisdom TeamNewshounds News™ Exclusive

Sources

• International Monetary Fund – Global Debt Database

• World Bank – Global Economic Prospects

~~~~~~~~~~

A Message to Our Currency Holders

If you’ve been holding foreign currency for many years, you were not foolish.

You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:  • No dates • No rates • No hype • No gurus

Instead, we focus on:

• Verifiable developments • Institutional evidence

• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.

Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team

Newshounds News

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Monday Morning 3-23-26

Central Bank: New Measures To Address Banks' Inability To Deal In Dollars

Banks     Economy News – Baghdad   The Central Bank of Iraq announced on Sunday that it has taken several measures to address the problems of Iraqi banks that are unable to deal in dollars.

The director of the transfers department at the Central Bank, Ahmed Dawood Salman, said that "the Central Bank is continuing its procedures with international auditing companies in order to audit the previous transfer process that led to some Iraqi banks being deprived of dollars or any problems that Iraqi banks were facing that led to them being deprived of dealing in dollars."

He added that "there are several conditions and procedures that the Central Bank has imposed on banks, as the Director General of the Investment Department for Foreign Transfers and the Director General of the Banking Supervision Department are working on this matter with the auditing firm (Olive Wyman) and we will continue and we will notice the changes in the coming days." https://www.economy-news.net/content.php?id=67006

Greece Allocates 300 Million Euros To Address The Repercussions Of The War

Money and Business   Economy News — Follow-up   Greek Prime Minister Kyriakos Mitsotakis announced a €300 million support program for fuel and fertilizers, aimed at mitigating the effects of the war in the Middle East.

The Prime Minister said the Greek government would implement this program during April and May, given the continued global economic instability.

The Greek prime minister explained on Tuesday that Europe must prepare short- and long-term measures to support consumers and businesses as energy prices rise as a result of the conflict in the Middle East.

He stated that no one can predict the end of the Iran war, and expressed his hope that it would not last long, according to Reuters.    https://www.economy-news.net/content.php?id=67049

Iraq Asserts Its Maritime Rights At The United Nations... A Sovereign Move That Faces Kuwaiti And Gulf Objections!

Reports    Economy News – Baghdad   In a remarkable diplomatic and legal development, Iraq officially deposited its maritime maps with the United Nations based on the United Nations Convention on the Law of the Sea, which opened the door to a political and legal debate with Kuwait, and broad Gulf solidarity with the Kuwaiti position.

According to an official notification issued by the United Nations (reference MZN172.2026.LOS) dated 18 February 2026, Iraq deposited on 19 January and 9 February 2026 lists of geographical coordinates accompanied by an illustrative map, pursuant to Article 16, paragraph 2, Article 75, paragraph 2, and Article 84, paragraph 2 of the Convention.

The deposit relates to determining straight baselines and baselines originating from island elevations, in addition to measuring the territorial sea, contiguous zone, exclusive economic zone and continental shelf, with the adoption of the World Geodetic System (WGS-84) as a reference for coordinates, and this procedure replaces previous deposits in 2011 and 2021.

On December 3, 2025, Iraq officially deposited its maritime boundary map with the United Nations, pursuant to Cabinet Resolution No. (266) of 2025. This resolution approved the map, which was prepared by an Iraqi technical and legal team that conducted hydrographic studies and measurements to determine the coordinates in accordance with relevant international agreements.

The map also affirms respect for the rights of neighboring countries and guarantees freedom of navigation and the smooth flow of traffic.

The Iraqi government reiterated its commitment to the relevant Security Council resolutions concerning relations with Kuwait and its intention to continue the technical and legal process for demarcating the maritime boundary beyond marker 162, as part of its efforts to resolve outstanding issues and build balanced relations with neighboring countries.

The Iraqi Ministry of Foreign Affairs stressed in a statement issued on February 22, 2026, that the decision to deposit the map of maritime zones is a sovereign matter based on national laws, the provisions of the United Nations Convention on the Law of the Sea, and the rules of international law.

It emphasized that the determination of maritime zones came to collect and complete previous legal procedures in one document supported by accurate coordinates, taking into account the development in international law of the sea, including the expansion of the coastal state’s jurisdiction, and noting that no state has the right to interfere in this matter, while Iraq respects the provisions and principles of international law.

In response, the Kuwaiti Ministry of Foreign Affairs asserted that the list of coordinates and map submitted by the Republic of Iraq to the United Nations, as it described it, infringes upon Kuwait's sovereignty over its maritime zones and established and stable watersheds in relation to Iraq, such as Fasht al-Qaid and Fasht al-Aij, over which Kuwait maintains its full sovereignty has never been disputed.

The Kuwaiti Foreign Ministry summoned the Iraqi chargé d'affaires to deliver a formal protest note, urging Baghdad to consider the historical relationship between the two countries and to act responsibly in accordance with the rules of international law, the provisions of the United Nations Convention on the Law of the Sea, and bilateral understandings and agreements.

The UAE, Saudi Arabia, Qatar, and Bahrain announced their solidarity with Kuwait in the measures it is taking to protect its rights and interests, affirming their rejection of any infringement on its sovereignty or claims affecting its maritime zones, and stressing the importance of adhering to international law and the provisions of the 1982 agreement.

 Saudi Arabia also affirmed its categorical rejection of any claims by any other party to rights in the submerged divided zone adjacent to the Saudi-Kuwaiti divided zone, noting the need to respect Security Council Resolution 833 concerning the demarcation of the border between the two countries.

On the domestic front, MP Mohammed Jassim Al-Khafaji asserted that the Kuwaiti map of maritime areas demonstrates the extent of the encroachment on Iraqi territorial waters, considering that this explains Kuwait’s strong objection to the new Iraqi map.

He explained that the Iraqi map was prepared by a technical and legal committee of 24 members formed under Diwani Order No. 480 of 2024, and included Iraqi experts along with two foreign experts, one German and the other Lebanese.

He indicated that the Kuwaiti map was approved under Amiri Decree No. 317 of 2014, while Iraq completed its map in 2026, after about 12 years, stressing that the file requires follow-up and a strong will to protect sovereign rights.

For his part, Jamal Al-Halbousi, an expert on borders and international waters, confirmed that the preparation of the map of Iraqi maritime areas was done according to a professional technical and legal process with the participation of Iraqi and international experts, and that the joint Iraqi-Kuwaiti committee held 13 meetings and had been aware of the map for several months.

He pointed out that the map was presented in February 2025 to the German expert, Rodger Wolfren, the former head of the Sea Court, who expressed his support for the professionalism of the work, noting that there was what he described as an overreach in the Kuwaiti map issued in 2014.

He explained that a specialized committee within the Department of Marine Sciences at the United Nations studied the map and found it, according to his statement, to be consistent with the provisions of the 1982 United Nations Convention on the Law of the Sea in terms of the measurements and materials used.

He indicated that the map defined Iraq's maritime extent as 86 nautical miles from the baseline, comprising 12 nautical miles for the territorial sea, 12 nautical miles for the contiguous zone, and 62 nautical miles for the exclusive economic zone, noting that some fields share the contiguous and exclusive economic zones. https://www.economy-news.net/content.php?id=65982

United Airlines Is Preparing For A Scenario In Which Oil Prices Could Reach $175 A Barrel.

Energy  Economy News — Follow-up   United Airlines has announced its intention to reduce the number of its flights in the coming months, in a move aimed at limiting losses resulting from the sharp rise in jet fuel prices, against the backdrop of the war in the Middle East.

The company's CEO, Scott Kirby, said the company is preparing for a scenario in which oil prices could reach $175 a barrel, while remaining above the $100 level until the end of 2027.

He noted that these levels could raise the company's annual fuel bill by about $11 billion, exceeding its profits in its best years.

According to the company, about 5% of operating capacity will be reduced this year by cancelling less profitable flights, especially during periods of weak demand, with some international routes being suspended.

https://www.economy-news.net/content.php?id=67046

3 Mistakes That Wipe Out Million-Dollar Nest Eggs

 3 Mistakes That Wipe Out Million-Dollar Nest Eggs, According to a CFP

Jake Safane   Sat, March 21, 2026   GoBankingRates

For many people, reaching $1 million or more in retirement savings sounds like a surefire way to retire comfortably. But before you start dreaming of carefree golden years, it’s important to understand that million-dollar nest eggs can easily be wiped out by simple mistakes.

The problem usually isn’t blowing through your retirement savings by buying a yacht the day you leave your job, or seeing all your investments wiped out from a stock market crash. There are ways to prevent these types of mishaps, like through diversification, adjusting investment risk as you age and knowing what you can afford.

Still, some less flashy issues can easily bring down your retirement plan. In a recent YouTube video on his Retirement Made Simple channel, Kevin Lum, a certified financial planner (CFP) and founder of Foundry Financial, shared the following three mistakes to watch out for.

1. Not Planning for Long-Term Care

The first mistake to avoid, according to Lum, is not accounting for the cost of long-term care. This could be factoring in the cost of long-term care insurance, along with expectations of uninsured costs.

While it’s not easy to know exactly what care you’ll need, you don’t want to ignore the issue altogether. Working with a financial planner, you might be able to more accurately model how much to budget, based on factors like your age, health history and insurance.

But if you ignore the issue altogether, that can be expensive. Around 70% of adults age 65+ will need long-term care, according to the U.S. Department of Health and Human Services, and they’ll need this care for about three years.

A Schwab analysis, based on Genworth data and this three-year timescale, then suggests that a retiree now might need to budget $226,512 for an in-home health aide or $350,400 for a private room in a nursing home, and those costs could significantly increase in future years.

So, that could take a big bite out of a million-dollar nest egg, especially if you end up on the high side of the average.

2. Not Planning for Cognitive Decline

Another big issue is not planning for cognitive decline, noted Lum.

He pointed to research from economist Lewis Mandell that financial abilities peak at around age 53 before declining. And while there’s some nuance there, like with investment knowledge peaking around age 70, this still means that many retirees have to face the uncomfortable truth that they’ll be less equipped to make financial decisions later in life, explained Lum.

To Continue and Read More:  https://www.yahoo.com/finance/markets/articles/3-mistakes-wipe-million-dollar-125304222.html

FRANK26…3-22-26…WITH OR WITHOUT

KTFA

Sunday Night Video

FRANK26…3-22-26…WITH OR WITHOUT

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=O411P6OijR4