Mediation Clears Way For Al-Zaidi's Saudi Visit

2026-08-03 / Shafaq News- Baghdad   Iraqi Prime Minister Ali Al-Zaidi is expected to visit Saudi Arabia next week following mediation international and domestic efforts that eased tensions between Baghdad and Riyadh, a source told Shafaq News on Monday.  

During the visit the two sides are expected to discuss security cooperation, economic ties, and investment. Saudi Arabia intends to present Al-Zaidi with evidence that allergy shows attacks against the Kingdom were launched from Iraqi territory.

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CLARITY Act Faces Critical Senate Week as Clock Ticks Toward August Recess

The Senate's effort to establish the first comprehensive U.S. digital asset regulatory framework has entered a pivotal stage, with procedural hurdles and bipartisan negotiations determining whether the legislation advances before lawmakers leave Washington. 

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Federal Reserve Outlook and Rising Treasury Yields Continue to Pressure Families and Global Markets

Uncertainty surrounding future Federal Reserve policy and rising Treasury yields are keeping financial markets on edge, influencing borrowing costs, investment decisions, and the broader outlook for the global economy.

Sulfur Shortage Pushes Global Prices Up 134%

2026-08-02  Shafaq News- Baghdad  Sulfur prices surged 134% since the outbreak of the US-Iran war in February 28, driving up global food production costs due to sulfur's key role in fertilizer manufacturing, Bull Theory media outlet reported on Sunday.  The Strait of Hormuz is a vital route for global seaborne sulfur trade, handling about half of worldwide shipments.

Shafaq News Investigates: The Government Is Moving Towards Borrowing 3 Trillion And The Internal Debt Is "Exploding"

2026-08-02 03:26   Shafaq News - Baghdad    The Iraqi government is entering a financial phase that is considered one of the most sensitive in years, after the salaries of millions of employees and retirees turned into the biggest challenge facing the public treasury.

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Iran–Oman Shipping Agreement Raises Hope for Lower Energy Costs and a New Era in Global Trade

Diplomatic progress between Iran and Oman, combined with renewed U.S.–Iran negotiations, is easing pressure on global energy markets while highlighting how trade routes and payment systems may be evolving as part of the next generation of the international financial system.