US Clears Seven Iraqi Banks For Dollar Transactions

026-07-18 06:06   Shafaq News- Washington/ Baghdad  Seven Iraqi banks have been cleared to resume correspondent banking relationships in foreign currencies, after meeting compliance and governance requirements, which Prime Minister Ali Al-Zaidi on Saturday hailed as “an important step” in Iraq’s banking reform program.

Al-Zaidi said the agreement between the Central Bank of Iraq and the US Treasury Department would “strengthen confidence” in Iraqi lenders, attract investment, and support economic growth.

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Federal Reserve Accelerates Stablecoin Rules as Digital Dollar Framework Takes Shape

Federal regulators are moving quickly to finalize the next phase of America's digital finance framework, reinforcing the growing role of regulated stablecoins in the future global financial system.

U.S. Energy Secretary: We Are Working with Iraq to Build a Future Based on Investment and Prosperity  

Iraqi News Ahency (INA)    Friday,  July 17, 2026 / Washington - INA – U.S. Energy Secretary Chris Wright said on Friday that Iraq has significant opportunities to achieve development and strengthen its strategic partnership with the United States.  

Speaking at a business conference hosted by the U.S. Chamber of Commerce and attended by an Iraqi News Agency correspondent, Wright said the Iraqi representatives participating in the event "represent the driving force behind investment and partnerships with Iraq, namely the Iraqi government and companies."  

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Hormuz Shipping Slumps as U.S.-Iran Conflict Deepens Despite Ongoing Peace Efforts

Commercial shipping through the Strait of Hormuz has fallen to its lowest level since May as renewed military tensions between the United States and Iran disrupt one of the world's most important energy corridors. Although diplomatic contacts continue, negotiations remain fragile and no final peace agreement has been reached.