Basrah Crude Loses Over 6% On Week

2026-08-29 Shafaq News- Basra  Basrah Heavy and Basrah Medium crude each lost $5.37 a barrel over the week, falling 6.72% and 6.46%, respectively. Both grades nevertheless rose in the final trading session.

Basrah Heavy gained $1.67 a barrel, or 2.29%, in the final session to settle at $74.52. Basrah Medium also rose $1.67 a barrel, or 2.19%, to close at $77.82.

Iraq's Appointments Are On Shaky Ground... The 2027 Budget Will Determine The Fate Of Thousands Of Job Positions.

August 29, 2026Last updated: August 29, 2026    The Independent/- The Federal Public Service Council has brought the issue of government appointments back to the forefront of attention, after confirming that determining the number of job grades, creating them, and the necessary financial allocations for them are directly linked to what will be decided in Iraq’s 2027 budget and the relevant government agencies.

Good Morning Dinar Recaps,

When the Fed Turns Hawkish Again: Higher Rates, U.S. Debt and a New Dollar Test

Federal Reserve Chair Kevin Warsh's Jackson Hole message has reopened the possibility of higher U.S. interest rates — creating a new test for the dollar, Treasury market and the sustainability of America's debt burden.

Good Afternoon Dinar Recaps,

The Strait of Hormuz Becomes a Financial Negotiation: Oil, Sanctions and the Global Economy

The six-month Iran conflict has reached a potentially important new phase as diplomacy increasingly centers on reopening the Strait of Hormuz — turning a military chokepoint into a negotiating instrument with consequences for oil, inflation, sanctions and the global financial system.