Iraq Economic News and Points To Ponder Thursday Morning 5-28-26

Basrah Crude Drops Despite Global Oil Rise

2026-05-28Shafaq News– Basrah   Basrah crude slipped by more than 1% on Tuesday, diverging from broader gains in global oil markets.

Basrah Heavy crude fell 1.22%, or $1.19, to $96.19 per barrel, while Basrah Medium crude declined 1.20% to $98.29 per barrel.   Globally, Brent crude rose $3.51, or 3.72%, to $97.8 a barrel. US West Texas Intermediate (WTI) crude gained $3.31, or 3.73%, to reach $91.99 per barrel.

https://www.shafaq.com/en/Economy/Basrah-crude-drops-despite-global-oil-rise-1

US Sanctions Iranian Body Overseeing Hormuz Transit

2026-05-28   Shafaq News- Washington   The United States imposed sanctions on Iran’s so-called “Persian Gulf Strait Authority,” accusing the Islamic Revolutionary Guard Corps (IRGC) of attempting to “extort” vessels transiting the Strait of Hormuz and “monetize” maritime traffic through the strategic waterway.

In a statement, the US Treasury Department warned that companies or individuals cooperating with the authority —an Iranian-controlled body established to manage passage requests through the Strait of Hormuz— could face sanctions exposure, saying such dealings may amount to providing support to the IRGC, which Washington designates as a Foreign Terrorist Organization.

Treasury Secretary Scott Bessent described the sanctions as part of Washington’s “Economic Fury” campaign against Iran, arguing that the measures aim to cut revenue linked to Tehran’s weapons programs, regional allies, and nuclear activities.

The sanctions followed recent US guidance warning against compliance with Iranian demands tied to transit through the Strait, including alleged “toll” payments, data-sharing requests, and other forms of compensation. The waterway carries nearly one-fifth of global oil supplies.

Iran established the authority after closing the Strait of Hormuz following the outbreak of war with the United States and Israel on February 28. Iran’s Revolutionary Guard has defended the arrangement, describing the designated corridor as the only safe maritime route through the waterway and warning that ships deviating from it could face attacks and security risks.

The move comes as the United States continues a naval blockade on Iranian ports, with President Donald Trump affirming that the blockade would remain “in full force and effect until an agreement is reached, certified, and signed.”

https://www.shafaq.com/en/World/US-sanctions-Iranian-body-overseeing-Hormuz-transit

Al-Sadr Sets One-Week Deadline For Saraya Al-Salam To Join Iraqi State Institutions

2026-05-28   Shafaq News- Najaf  Muqtada Al-Sadr, leader of the Patriotic Shiite Movement (PSM), on Thursday gave Saraya Al-Salam, the armed wing of his movement, one week to complete procedures for separating from the PSM and integrating into Iraqi state institutions.

According to a document issued by Al-Sadr’s office, the full handover process should be completed by Eid Al-Ghadir, a major Shiite religious occasion that will fall on Thursday, June 4, 2026.

The directive assigned Haider Al-Jabri, director of Al-Sadr’s office, military adviser Abu Doaa Al-Issawi, jihadi aide Tahseen Al-Hamidawi, and Mohammed Al-Aboudi of the “Al-Bunyan Al-Marsous” framework to oversee the process, while the movement’s civilian branch will be integrated into the body in coordination with official authorities.

On Wednesday, Al-Sadr announced the formal separation of Saraya Al-Salam from the PSM, describing the move as being “in the national interest” and in response to risks facing the country.

Iraqi Prime Minister Ali Al-Zaidi welcomed the decision and urged other armed factions to follow the same path through official institutions, stressing that “the state alone should hold the authority to monopolize arms and enforce the law,” a principle that forms one of the central pledges in his government program.

https://www.shafaq.com/en/Iraq/Al-Sadr-sets-one-week-deadline-for-Saraya-Al-Salam-to-join-Iraqi-state-institutions

Plastic Tide Chokes Iraq's Environment

2026-05-28Shafaq News- Baghdad  Plastic bottles and single-use containers are emerging as one of Iraq’s “most pressing environmental pressures,’’ with consumption rising while recycling rates remain low, the Iraq Green Observatory reported on Thursday.

Plastic use is deeply embedded in daily life, ranging from bottled water and beverage packaging to food containers and plastic bags. Iraq is also among the region’s larger importers of plastic materials, with supplies mainly coming from China, Turkiye, Iran, and Saudi Arabia.

The watchdog estimates that each Iraqi generates around 400 grams of plastic waste per day. In Baghdad alone, waste output reaches roughly 10,000 tons daily, with plastic accounting for 600 to 1,000 tons —about 15% to 20% of total solid waste nationwide.

Beyond household consumption, the construction sector accounts for about 21% of plastic use, particularly in pipes, insulation materials, and building components. Plastic is also widely used in electronics, automotive manufacturing, and household goods.

Despite high levels of use, recycling remains limited. Less than 20% of plastic waste is recycled, while most ends up in unregulated dumpsites or informal landfills, including areas along the Tigris and Euphrates rivers.

Efforts to replace plastic bags with paper alternatives have faced practical constraints. Any transition, the Observatory notes, would require sustained public awareness campaigns alongside broader measures targeting single-use bottles, beverage packaging, and disposable containers that dominate consumption patterns —steps that are currently not in place.

Read more: Iraq's new government takes on plastic pollution with restrictions

https://www.shafaq.com/en/society/Plastic-tide-chokes-Iraq-s-environment

European markets rise as oil prices fall below $100

Stock Exchange   European stocks rose slightly on Wednesday, May 27, as investors assessed military developments against Iran and falling oil prices, with London, Paris and Frankfurt stock exchanges ending higher.

The Stoxx Europe 600 index rose 0.1% to close at 628.64 points.

The French CAC 40 index rose 0.43%

The German DAX index rose 0.13%

Meanwhile, the FTSE 100 index in England rose 0.13%.

Escalating tensions with Iran  

The performance came amid the ongoing war with Iran, in which US forces carried out what they described as "defensive" strikes against Iranian missile launch sites and ships in the south.

The Iranian Foreign Ministry responded by accusing the US of a blatant violation of the fragile truce. US Secretary of State Marco Rubio said the Strait of Hormuz "will be opened one way or another."

Despite this, US President Donald Trump wrote on the Truth Social platform that the peace negotiations are "going well".  

AkzoNobel shares jump  

Shares in Dutch paint maker AkzoNobel jumped 20% after it rejected a joint cash takeover bid of €73 per share from Nippon Paint and Sherwin-Williams.

The company's board of directors confirmed that it continues to recommend the planned merger with Axalta, noting that the offer "does not reflect true value and long-term growth prospects" and that it lacks sufficient guarantees for shareholders.  

Automotive sector   

The European automotive sector rose 2.6%, boosted by a 5.1% increase in new car registrations in the European Union. Shares of Renault climbed 4.1%, Stellantis 3.8%, Volkswagen 2.4%, Mercedes-Benz 3.1%, and BMW 2.3%.  

https://www.economy-news.net/content.php?id=69620

Gold Hits Two-Month Low As US-Iran Tensions Fuel Inflation Fears

2026-05-28 Shafaq News   Gold prices dropped to a two-month ‌low on Thursday as inflation fears were stirred up after the U.S. and Iran traded more air strikes, boosting the dollar and crude prices, and fueling expectations of higher interest rates.

Spot gold was down 1.5% at $4,389.99 per ​ounce as of 0902 GMT, earlier falling to its lowest level since March 26. ​U.S. gold futures for June delivery fell 1.5% to $4,387.70.

The dollar rose to ⁠a one-week high, making greenback-priced bullion more expensive for holders of other currencies.

Oil prices jumped ​more than 2% after Iran's Revolutionary Guards said they targeted a U.S. airbase in response to ​a U.S. attack in the port city of Bandar Abbas.

Bullion has been under pressure since the start of the U.S.-Israeli war with Iran in late February. The effective closure of the Strait of Hormuz has prompted a ​surge in Brent crude prices, fanning inflation woes and propelling rate hike expectations.

"Gold drops to ​a two-month low and into bear market territory as fresh U.S.-Iran hostilities douse hopes of a deal. Heightened ‌geopolitical ⁠uncertainty directs risk-off flows to the dollar, just as higher oil prices exacerbate inflation fears," Nikos Tzabouras, a senior market analyst at Jefferies-owned Tradu.com, wrote in a summary.

"Higher-for-longer rate prospects weigh on non-yielding assets, compounding bullion's weakness and leaving it vulnerable to new 2026 lows."

Despite being an ​inflation hedge, non-yielding bullion ​underperforms in high interest ⁠rate environments as investors turn to assets like Treasury yields that offer better returns.

Federal Reserve Governor Lisa Cook on Wednesday said she feels the ​U.S. central bank should hold short-term interest rates steady for now, ​but, with ⁠tariffs, the Iran war, and a surge in AI-related investment pushing prices higher, she is prepared to hike rates if needed.

The market awaits the U.S. Personal Consumption Expenditures data, the Fed's preferred inflation gauge, ⁠due later ​in the day, for cues on the Fed's monetary ​policy path.

Spot silver fell 1.7% to $73.34 per ounce and platinum lost 1.3% to $1,893.16. Both metals earlier hit a near one-month ​low. Palladium slid 1.8% to $1,366.00.

(Reuters) https://www.shafaq.com/en/Economy/Gold-hits-two-month-low-as-US-Iran-tensions-fuel-inflation-fears

Thursday AM Iraq News Posted by Tishwash at TNT

TNT:

Tishwash:  Former MP: The government faces two paths: borrowing or raising the exchange rate.

Former member of the parliamentary finance committee, Abdul Hadi Mouhan, confirmed that the new government faces two paths: either external borrowing or increasing the exchange rate domestically in order to increase revenues under the current circumstances.

Mohan told Al-Maalomah, "There are two paths for the new government led by Ali Al-Zidi to ensure the securing of expenses, especially operational ones, by moving towards external borrowing, which is the most dangerous path that Iraq will face if it goes in this direction."

He added that "the second path that the government may resort to in order to increase its revenues is to go towards raising the exchange rate, which is the least dangerous path compared to going towards external borrowing, which is a double-edged sword for Iraq."

He indicated that "the government will most likely move towards raising the exchange rate in the upcoming budget in order to address the existing inflation and the deficit in the federal budget, and to ensure that the economic situation does not collapse."  link

Tishwash:  Prime Minister's Advisor: Iraq is on the verge of major economic changes under the guidance of Al-Zaidi

The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Saleh, confirmed on Wednesday (May 27, 2026) that Iraq is going through an important transitional phase at the economic level, noting that the directives of Prime Minister Ali al-Zaidi have brought about a shift in the philosophy of managing the state's financial and economic affairs, which paves the way for broad transformations during the coming period.

Saleh said in a statement followed by “Baghdad Today” that “Al-Zidi assigned the Minister of Finance the duties of Deputy Chairman of the Ministerial Council for the Economy, which is a measure that reflects the philosophy of the modern state that sees the Ministry of Finance as a sovereign institution concerned with planning the economic future, and not just an entity for distributing salaries.”

He pointed out that "Iraq is about to undergo broad changes in its economic structure," noting that "the Prime Minister has asked the Ministry of Finance to prepare a long-term plan and move from the role of treasurer to a ministry that leads the reform of the philosophy of the economic system and creates a balanced partnership between the state and the market, within the framework of Iraq Vision 2035."

Saleh explained that "the Ministerial Council for the Economy has become the main engine for economic policies, and that it will lead the next phase by transforming temporary solutions into sustainable institutional work aimed at reforming the structure of the national economy."

He also explained that "implementation includes comprehensive oversight extending from the Financial Control Bureau to ministries such as industry and agriculture, reaching the oversight of financial markets," stressing that "the citizen is the primary goal of development programs and improving the standard of living."

In the same context, Saleh stressed that “the Central Bank of Iraq is independent in its work, but it coordinates within the Ministerial Council for the Economy, which is headed by the Ministry of Finance,” explaining that “there is a Council for Economic, Monetary and Financial Stability in which all essential economic files are presented.”  link

***********

Tishwash:  Post-Eid period: Parliament faces a cabinet test, and the insistence of political forces on their candidates deepens the crisis.

The escalating political controversy surrounding the session to complete the cabinet threatens to complicate the parliamentary scene, with political forces insisting on reintroducing the names that failed to gain confidence during the first session.

 This puts Parliament in front of a new crisis that may hinder the resolution of the vacant ministries and open the door to deeper disputes within the political process, amid warnings of the country entering a phase of political deadlock that is difficult to contain.

In this regard, the MP from the Sadiqun bloc told Al-Maalouma that “the insistence of some parties on putting forward the same names that did not gain confidence in the previous session must be overcome,” noting that “Parliament did not grant confidence to these names before Eid, so how will it grant it to them after Eid?” stressing that “Iraq cannot stand helpless in the face of the emergence of new talents who can be appointed as ministers.”

Karim called on political blocs to "look for alternatives that enjoy the confidence of Parliament and political forces," noting that "parties should give themselves more space to put forward new names and increase the options for candidates for ministerial portfolios, in order to give the opportunity to the largest possible number."

In contrast, Kurdistan Democratic Party member Ribin Salam confirmed in a statement to Al-Maalomah that “the submission of the same Democratic Party candidate to fill the Ministry of Reconstruction and Housing depends on what will be issued by the Federal Court regarding the appeal submitted against the session of granting confidence, and what accompanied it in terms of failures and mismanagement by the Speaker of Parliament, as well as the deliberate violation of legal procedures in submitting the names of ministers for voting.”

The political arena is experiencing a state of cautious anticipation for the upcoming parliamentary session after the Eid al-Adha holiday, amidst growing doubts about its feasibility or its ability to resolve the remaining vacant ministerial posts.

This stems from the sharp disagreements that erupted during the previous confidence vote session. Political forces accuse Speaker of Parliament Haibat al-Halbousi of mismanaging the session and violating established voting procedures, leading some blocs to reject the results and challenge the legitimacy of certain measures.

Amid this crisis, the affected parties are insisting on resubmitting the same candidates who failed to secure a vote of confidence, threatening a repeat of the political division and further complicating the process of completing the cabinet. link

Tishwash:  Al-Sadr announces the separation of the "Peace Brigades" from his movement and the joining of its members to the state.

On Wednesday, the leader of the Shiite National Movement, Muqtada al-Sadr, announced the separation of the "Peace Brigades" from the movement and the joining of its members to the state, while calling on the "Popular Mobilization Forces" to separate from "partisan and sectarian" orders.

Al-Sadr said in a statement, which was received by Shafaq News Agency, that "the decision came from the general interest of the nation, and in line with the dangers surrounding the nation."

He added that the civilian entities attached to the "Saraya" will move to Al-Bunyan Al-Marsous without any headquarters, weapons, uniforms, addresses, or anything else.

Al-Sadr expressed his gratitude to "the military formations of the Peace Brigades for all their greater and lesser jihad, and may God forgive all those who did not conform to our religious, doctrinal, and social tastes in general."

He expressed his hope that all the Popular Mobilization Forces would separate themselves from "partisan and sectarian orders," especially after the "factions" handed over their weapons to the state, as they had been advised to do years ago.

Al-Sadr's decision comes in conjunction with political moves to address the issue of the "factions'" weapons and hand them over to the government.

The Peace Brigades represent the military wing of the Shiite National Movement (formerly the Sadr Movement) led by Muqtada al-Sadr. It is an armed formation that officially falls under the umbrella of the government’s Popular Mobilization Forces (Brigades 313, 314, and 315), and it undertakes prominent security tasks in several Iraqi regions, most notably the city of Samarra.

Some political forces and armed factions are showing "flexibility" regarding the issue of restricting weapons to the state, after having been rigid on this subject, according to what a government source told Shafaq News Agency earlier, who added that the process of handing over weapons will be within a specific time mechanism.

The ministerial program of Ali al-Zaidi’s government, which won the confidence of the Iraqi parliament on Thursday, May 14, included a clause restricting weapons to the state, and he emphasized it during his speech after gaining the confidence.

Prior to that, an informed source had revealed to Shafaq News Agency on May 9 that the Coordination Framework had agreed with Prime Minister-designate Ali al-Zaidi to form a committee tasked with disarming armed factions, coinciding with the call made by the leader of the Sadrist movement, Muqtada al-Sadr.

The head of the executive council of the Al-Nujaba Movement, Nazim Al-Saidi, one of the most prominent armed factions, confirmed on May 15 that the “weapons control” clause included in the new government’s program does not include “resistance weapons” but rather those that cause “chaos.”  link

Iraq Economic News and Points To Ponder Wednesday Afternoon 5-27-26

Political Warnings About The Repercussions Of Dollar Fluctuations...And The Absence Of Economic Strategies Threatens The Livelihoods Of Vulnerable Groups

Information/Report..  Political and popular concerns are escalating in Iraq as the dollar exchange rate continues to fluctuate, amid criticism of the lack of comprehensive economic reform plans and the near-total reliance on oil revenues compared to weak support for productive sectors, which has negatively impacted the living conditions of citizens and disrupted local markets.

In this regard, former MP Mahma Khalil confirmed in a statement to Al-Maalomah News Agency that “previous and current governments have failed to build a coherent economic policy based on clear reform principles, which has directly impacted the monetary and living conditions of citizens.”

He added that “the almost complete reliance on oil revenues, in contrast to the weak support for productive sectors, investment and the private sector, has contributed to the continuation of economic crises and complicated government solutions.”

He pointed out that “any real economic reform must begin with combating corruption and activating financial and administrative oversight, in addition to adopting development plans capable of enhancing the value of the Iraqi dinar and achieving stability in local markets.”

He explained that “the current stage requires serious economic decisions that are far from temporary solutions, with the need to build a long-term strategy that addresses the imbalances that have accumulated over the past years.”

In this context, Imran Karkoush, a member of the State of Law Coalition, confirmed in a statement to Al-Maalomah News Agency that “the continued fluctuation in the price of the dollar directly affects the livelihood of citizens, especially the poor and middle classes who bear the greatest burden of rising prices.”

He added that “addressing the crisis requires integrated government measures that include strengthening financial stability, supporting local production, and tightening control over markets to reduce exploitation and unjustified price increases.”

He explained that “the stability of the exchange rate and the improvement of the economic situation would contribute to easing the pressure on the markets and achieving a balance in food prices within the country.”

It should be noted that saving the Iraqi dinar is no longer merely a monetary issue, but a crucial political and executive decision.

The success of any government efforts requires moving beyond temporary solutions and immediately protecting markets from price gouging, as well as revitalizing local factories and farms to reduce reliance on imports—the first line of defense for the livelihood of ordinary citizens. End/25s

https://almaalomah-me.translate.goog/news/132953/report/تحذيرات-سياسية-من-تداعيات-تقلبات-الدولاروغياب-الاستراتيجيات?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Khalil: Successive Governments Have Failed To Achieve Genuine Economic Reform And End The Dollar Crisis.

Information/Exclusive..   Former MP Mahma Khalil asserted on Tuesday that successive governments have failed to implement genuine economic reforms capable of addressing the dollar exchange rate crisis and achieving financial stability in the country.

Khalil told Al-Maalomah News Agency that “previous and current governments have failed to build a coherent economic policy based on clear reform principles, which has directly impacted the monetary and living conditions of citizens.”

He added that “the almost complete reliance on oil revenues, in contrast to the weak support for productive sectors, investment and the private sector, has contributed to the continuation of economic crises and complicated government solutions.”

He pointed out that “any real economic reform must begin with combating corruption and activating financial and administrative oversight, in addition to adopting development plans capable of enhancing the value of the Iraqi dinar and achieving stability in local markets.”

He explained that “the current stage requires serious economic decisions that are far from temporary solutions, with the need to build a long-term strategy that addresses the imbalances that have accumulated over the past years.”

Furthermore, Imran Karkoush, a member of the State of Law Coalition, confirmed in a previous statement to Al-Maalomah News Agency that addressing the dollar crisis represents the most significant challenge of the coming period due to its direct impact on citizens' livelihoods. End/25

https://almaalomah-me.translate.goog/news/132938/economy/خليل:-الحكومات-المتعاقبة-فشلت-في-تحقيق-إصلاح-اقتصادي-حقيقي-و?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

The Ministry Of Finance Continues Temporary Spending... Will The 2026 Budget Law Be Postponed To 2027?

Alsumaria News– Economy:  As several months of this year have passed, it has been determined Oil CommitteeGas and natural resources in House of Representatives4 key features of this year's budget, as explained by the Prime Minister's financial advisor, Mazhar Muhammad Salih, that Ministry of FinanceCurrently, revenues and expenditures are being carefully managed within short-term deficit conditions, in accordance with the provisions Financial Management LawFederal Decree No. 6 of 2019, as amended, explained that the budget has now become a means of absorbing shocks, especially after what can be called the "Hormuz shock".

Saleh stated that "the current mechanism relies on a temporary disbursement rate of 1/12 of the actual current expenditures for the 2025 fiscal year." He explained that "this mechanism ensures the continued funding of essential operating expenses and covers the obligations of ongoing investment projects, as well as those that have been completed and are ready for operation."

He explained, "However, this framework does not allow for the creation of new expenditures or the launch of new investment projects until the 2026 federal budget law is enacted." Saleh added, "With the escalating geopolitical changes in the region..."Gulf What could be termed the "Hormuz shock" presents fiscal policy with a critical test.

The budget is no longer merely a tool for managing revenues and expenditures, but has transformed into a means of absorbing external shocks, achieving economic stability, and maintaining the development trajectory in a highly volatile regional and international environment.

He continued, "In these circumstances, the efficiency of public finance management, the flexibility to reallocate spending priorities, and the ability to safeguard monetary and economic stability become crucial factors for the Iraqi economy to transition to a more secure and sustainable phase."

Saleh indicated that "the proposed scenario is the possibility of legislating a budget for the remainder of 2026." He explained that "if a climate of peace prevails, the budget deficit will be significantly lower, as the resumption of exports of 85 percent of oil through the Strait of Hormuz will ensure real revenue inflows within the approved estimates."

He added, "However, if the conditions of the US-Iranian war and its repercussions on the ability to Iraq Regarding oil exports, any budget approved under these circumstances will have a larger deficit, as oil is the primary source of funding for public spending.

Saleh concluded,  "Therefore, the second half of 2026 will directly reflect these circumstances in the size of the expected deficit and in the public spending ceilings that will be adopted for the fiscal year."

Meanwhile, four key features were identified.

Oil Committee Gas and natural resources in House of Representatives Four key features of this year's budget.

Committee member Hawraa Aziz said...Al-Mousawi This year's budget will likely be based on a lower (hedging) oil price for 2026, around $60 per barrel, along with spending cuts, increased non-oil revenues, and a reduction in total dependence on oil.

Discussions are underway regarding efforts to reduce the budget deficit given the expected decline in global oil prices, as any increase in the price of oil supplied to local refineries could gradually impact citizens.

For his part, Ali al-Azirjawi, a member of the State of Law Coalition, stated that there is no longer enough time to submit the 2026 budget, indicating the necessity of...Asylum" Towards preparing an emergency plan similar to the Food Security Law, to be agreed upon quickly, to ensure the continued functioning of the government and ministries in an organized and efficient manner."

He added that "adopting an emergency plan is a realistic option in light of the current challenges," noting "the importance of expediting its vote within cabinet And then approve it so that it can assume its executive role as quickly as possible.”

Al-Azirjawi explained that “Iraq faces a number of economic challenges, most notably the size of its internal and external debt, which requires serious solutions, in addition to security challenges and regional tensions that further complicate the overall situation.

” In a proactive move, economic researcher Bassam Raad said that “the proposal put forward by the Oil and Gas Committee to adopt a hedging oil price of $60 per barrel represents a proactive step that appears aimed at controlling public spending and avoiding further internal debt.”

Raad added that “a careful reading of the figures and international economic warnings, especially the warnings of… ”International Monetary Fund‍ ‍This reveals inevitable challenges that could render this figure merely a temporary fix.

He explained that "adopting a price of $60 per barrel with an export volume of 3 million barrels per day would generate oil revenues equivalent to approximately 85 trillion Iraqi dinars, while the actual need to cover operational and investment expenses, even after reductions, is no less than 100 trillion dinars, meaning the deficit will persist even with adherence to a conservative price."

Raad clarified that "oil remains hostage to geopolitical tensions due to the disruption of export routes through Strait of Hormuz Oil exports plummeted by 90 percent last April, meaning this year will be a vicious cycle in which public finances struggle to secure salaries and avoid accumulating debt. The economist added that postponing the budget further contributed to this situation.

Nabil Al-Marsoumi The postponement of the 2026 budget to 2027 was attributed to several reasons, most notably the limited time available, as the country is now halfway through 2026.

Additionally, the volatility of oil prices and fluctuating export volumes, particularly after the Strait of Hormuz crisis, makes estimating oil revenues for this year more difficult.

Al-Marsoumi warned that the absence of a budget means the government lacks the legal authority to borrow domestically and internationally.

He explained that if the 2026 budget is not approved, the government must seek legislation authorizing it to borrow to cover the deficit, as occurred in 2022 when Parliament passed laws allowing the government to borrow domestically and internationally. Any borrowing without legal authorization is considered a violation.

https://www.alsumaria.tv/news/economy/565102/المالية-تواصل-الصرف-المؤقت-فهل-يُرحل-قانون-موازنة-2026-إلى-2027؟

Prime Minister's Advisor: Iraq Is On The Verge Of Major Economic Changes Under The Guidance Of Al-Zaidi

Baghdad Today - Baghdad:   The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Saleh, confirmed on Wednesday (May 27, 2026) that Iraq is going through an important transitional phase at the economic level, noting that the directives of Prime Minister Ali al-Zaidi have brought about a shift in the philosophy of managing the state's financial and economic affairs, which paves the way for broad transformations during the coming period.

Saleh said in a statement followed by “Baghdad Today” that “Al-Zidi assigned the Minister of Finance the duties of Deputy Chairman of the Ministerial Council for the Economy, which is a measure that reflects the philosophy of the modern state that sees the Ministry of Finance as a sovereign institution concerned with planning the economic future, and not just an entity for distributing salaries.”

He pointed out that "Iraq is about to undergo broad changes in its economic structure," noting that "the Prime Minister has asked the Ministry of Finance to prepare a long-term plan and move from the role of treasurer to a ministry that leads the reform of the philosophy of the economic system and creates a balanced partnership between the state and the market, within the framework of Iraq Vision 2035."

Saleh explained that "the Ministerial Council for the Economy has become the main engine for economic policies, and that it will lead the next phase by transforming temporary solutions into sustainable institutional work aimed at reforming the structure of the national economy."

He also explained that "implementation includes comprehensive oversight extending from the Financial Control Bureau to ministries such as industry and agriculture, reaching the oversight of financial markets," stressing that "the citizen is the primary goal of development programs and improving the standard of living."

In the same context, Saleh stressed that “the Central Bank of Iraq is independent in its work, but it coordinates within the Ministerial Council for the Economy, which is headed by the Ministry of Finance,” explaining that “there is a Council for Economic, Monetary and Financial Stability in which all essential economic files are presented.”

https://baghdadtoday.news/300161-.html

4 Bad Habits That Could Affect Your Money More Than Tariffs and Inflation

4 Bad Habits That Could Affect Your Money More Than Tariffs and Inflation

Written by  Chris Adam  GoBankingRates

The Trump administration’s discussions about tariffs and inflation have led many consumers to question how well they’re prepared for the future regarding their finances. After all, some experts have raised concerns that tariffs could lead to higher prices on products and services people use each day.

But there may be a way to protect personal finances that has little to do with moves by the White House.

GOBankingRates spoke with financial experts about some common bad habits that could affect your money more than tariffs or inflation.

Failing To Save and Invest Early

Bill Lyons, CEO of Griffin Funding, said one harmful habit is failing to save and invest early. 

“Without a consistent savings plan, you’re missing out on the power of compound interest, which significantly grows wealth over time,” said Lyons. “Procrastinating on building an emergency fund or not setting aside money for retirement can also derail your financial security.”

Lyons said these habits are harmful because they limit your ability to cope with unexpected expenses and capitalize on long-term financial growth. To avoid this, develop a realistic budget that aligns with your income, prioritize savings and commit to setting aside money regularly, whether for emergencies, investments or retirement. 

Increasing Spending as Income Grows

According to Brian Chasin, investing expert and chief financial officer at SOBA New Jersey, one of the most harmful habits is lifestyle inflation, increasing your spending as your income grows. While earning more should improve financial security, Chasin said, many people raise their standard of living instead of saving or investing the difference. 

“This leads to missed wealth-building opportunities and greater vulnerability during economic downturns,” according to Chasin. “The fix is to establish a disciplined savings plan where a set percentage of any income increase is automatically directed toward long-term goals before adjusting discretionary spending.”

TO READ More:    https://www.gobankingrates.com/money/economy/bad-habits-that-could-affect-your-money-more-than-tariffs-and-inflation/

Treasury Yields are at 20-Year Highs and Almost Nobody wants them

Treasury Yields are at 20-Year Highs and Almost Nobody wants them

James Hickman:  5-27-2026

There are pools of capital in the world so large that they cannot be parked just anywhere.

Pension funds, foreign governments and central banks, giant commercial banks— they are collectively sitting on tens of trillions of dollars worth of capital that they have to invest in a safe, stable asset.

The stock market doesn’t really work— it’s far too volatile. Real estate doesn’t really work either— it’s not liquid.

That is where the bond market comes in: it’s both massive (far larger than the stock market), so it can absorb enormous flows of capital. And it’s highly liquid. This allows large investors to quickly move huge sums of money in/out of the bond market.

That’s why, for the better part of a century, the single deepest and most trusted piece of that market has been US government bonds. With the US national debt of nearly $40 trillion, this makes America’s bond market REALLY big. And Congress keeps adding to it.

The federal government runs roughly $2 trillion annual deficits— which you could think of as the new ‘supply’ of Treasury securities added to the bond market each year.

In other words, when the government spends more, they have to borrow more money by issuing more Treasury bonds. So the supply of US Treasury securities in the bond market increases.

‘Demand’ for US government bonds, on the other hand, comes from everyone on the planet who buys them. Pension funds, foreign governments and central banks, big corporations, banks, money market funds, etc.

And as any high school economics student can tell you, the ‘price’ is where supply meets demand. In the bond market, we usually think of price as the bond yield, e.g. right now the US 10-year yield is 4.5%, and the 30-year Treasury is over 5%.

To put those yields in a historical context, they haven’t been this high in decades— and it’s a direct result of rising supply and waning demand.

On the supply side, the US government keeps borrowing money at an insane pace, i.e. the Treasury Department keeps flooding the market with more and more bonds, notes, and yields.

But on the demand side, investors are backing off— especially foreigners. Foreign ownership of US government bonds (as a percentage of total public debt) has fallen by roughly HALF since the early 2010s… with a significant drop recorded just over the past twelve months according to the Treasury Department’s own data.

Few people in Congress seem to mind; there is no serious discussion in Washington about slowing the growth of the deficit, i.e. the bond supply, let alone actually shrinking supply by paying off debt.

Ultimately this supply and demand imbalance means that bond yields will continue to rise— which affects just about everything else from auto loans to the 30-year mortgage rate.

And just take a look around the rest of the developed world:

Bond yields in Germany are far lower (by about 1.5%) than US yields. So are yields in Japan, France, Italy, Canada, Singapore, New Zealand, South Korea, and China.

Even GREECE, with its 3.6% 10-year government bond yield, has lower yields than the United States.

You’d think that such attractive yields in the United States compared to the rest of the world would entice a lot more capital into the US bond market. After all, investors generally chase the highest returns.

But buyers are signaling that they don’t think the return is worth the risk— that even a 4.5% yield on a 10-year Treasury note is not worth the risk of holding a US government IOU for an entire decade.

Think about how much has changed over the past decade… and how much more can change over the next decade. Inflation, government shutdowns, debt ceiling showdowns, political theater, war, Social Security’s looming insolvency, etc.

Foreign governments and central banks aren’t willing to lock themselves in for ten years, let alone thirty years, with so much chaos on the horizon.

And with less demand from foreigners in the bond market, it’s likely that bond yields will continue to rise, until the Treasury Department is paying 5, 6, and 7% to borrow money.

With a ~$40 trillion national debt, that’s almost $3 trillion per year just to pay interest— roughly 60% of last year’s tax revenue.

This is why it makes so much sense to have a Plan B… because the most likely ‘solution’ to this problem will be for the Federal Reserve to ‘print’ trillions of dollars of capital.

This approach may succeed in lowering yields. But it will lead to substantially higher inflation, for a lot longer.

Source: Schiff Sovereign

https://dinarchronicles.com/2026/05/27/james-hickman-treasury-yields-are-at-20-year-highs-and-almost-nobody-wants-them/

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 5-27-26

Good Afternoon Dinar Recaps,

Europe Enters Historic Rearmament Phase as NATO Dependence Weakens

Europe’s rapid military expansion signals a major geopolitical and financial shift as the continent prepares for a more independent security future.

Overview

Europe is undergoing its largest military transformation since the Cold War, driven by rising tensions with Russia, uncertainty surrounding long-term U.S. support, and the broader fragmentation of the global order. The European Union is accelerating defense integration, military spending, and industrial expansion in what analysts view as a historic strategic realignment.

Key Developments

1. European Defense Spending Has Surged 150% Since 2020

• European military expenditures have increased dramatically over the last five years as governments respond to the war in Ukraine and growing security concerns. The EU has launched major initiatives aimed at achieving “full defense readiness” by 2030, marking a fundamental shift in Europe’s strategic posture.

2. EU Launches Massive Defense Investment Programs

The European Union has committed:

• €7.3 billion through the European Defence Fund

• €1.5 billion in defense industry grants

• €150 billion in military-related loans through the Security Action for Europe initiative

These programs are designed to strengthen munitions production, military mobility, joint procurement, and defense technology development across Europe.

3. Trump-Era NATO Tensions Accelerate European Independence

Concerns over future U.S. commitment to NATO — including repeated warnings from President Donald Trump regarding burden-sharing and alliance obligations — have intensified Europe’s push toward strategic autonomy. European leaders increasingly believe the continent can no longer rely entirely on American military guarantees.

4. Russia and Hybrid Warfare Continue Reshaping European Policy

Cyberattacks, infrastructure sabotage concerns, and the ongoing war in Ukraine have reinforced fears about long-term regional instability. Countries once resistant to deeper military integration, including Sweden and Finland, have shifted significantly toward stronger collective defense structures.

Why It Matters

Europe’s rearmament reflects more than military preparation — it represents a broader restructuring of geopolitical power and economic priorities. Increased defense spending on this scale may influence government debt levels, industrial policy, energy security, and financial markets for years to come.

Why It Matters to Foreign Currency Holders

• Rising military expenditures could increase European sovereign debt issuance

• Defense expansion may strengthen select sectors while pressuring public finances

• A more independent Europe could reshape global reserve currency and trade dynamics

Implications for the Global Reset

• Pillar 1: Fragmentation of the Post-Cold War Order

Europe’s growing military independence signals a shift away from the long-standing U.S.-led security structure that has dominated global affairs since World War II.

• Pillar 2: Economic Realignment Through Defense Spending

Massive military investment programs may redirect capital flows, reshape industrial production, and increase the role of state-backed strategic sectors across Europe.

Closing Insight

Europe’s rearmament marks one of the most significant geopolitical transitions of the modern era. As global alliances evolve and security priorities intensify, the financial consequences of this transformation could extend far beyond defense policy.

This is not just military expansion — it’s a restructuring of Europe’s role within the future global order.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "Europe’s Rearmament Era: The Biggest Military Shift Since the Cold War"

• Reuters — "Europe ramps up defense spending amid security concerns"

~~~~~~~~~~

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

The Reset, What to Expect: Larry Ballard

The Reset, What to Expect: Larry Ballard

Liberty Crusade Official : 5-27-2026

The global economic landscape is constantly evolving, shaped by a complex interplay of historical forces, geopolitical shifts, and financial dynamics.

An recent insightful presentation dives deep into what it describes as a “Great Reset,” a significant transformation currently underway that is poised to redefine the world order. This discussion highlights how various factors are converging to create a pivotal moment in economic history.

The presentation traces the trajectory of our financial system, starting from the gold-backed dollar era following World War II, through the shift to fiat currency in 1971 during the Nixon administration, and up to the Plaza Accord of 1985, which aimed to address international currency imbalances.

 This historical context sets the stage for understanding current challenges, particularly the strain of unsustainable global debt and concerns about the valuation of currencies within existing global financial mechanisms. The speaker suggests that the current global economic model, characterized as a hybrid of capitalist efficiency and centralized control, is reaching a critical inflection point.

Geopolitical realignments are also a central theme. The video discusses how the U.S. is reportedly redefining its international relationships, exploring new dynamics with Europe and strengthening ties across the Western Hemisphere, the Middle East, Asia, and Africa.

 A key aspect highlighted is the U.S.’s focus on reasserting influence over vital trade routes and oil supply lines, which are fundamental to international economic stability.

A core component of the proposed “reset” involves a potential transition from a fiat currency system to one that is commodity-backed.

The presentation explores the significant roles that gold and digital assets like Bitcoin could play in re-establishing financial reserves and currency stability. Furthermore, advanced technologies such as XRP are discussed as potential facilitators for global transactions, possibly offering alternatives to older international payment systems.

The video suggests a strategy of a managed transition for the current financial order, aiming to foster renewed manufacturing, economic growth, and enhanced global cooperation based on economic parity.

Looking ahead, the presentation envisions a multipolar world emerging from these changes, where major economies like the U.S. and China share influence alongside other nations such as Russia, India, Europe, and various African countries.

Domestically, the discussion touches upon significant efforts towards economic reconstruction within America, including substantial commitments to reinvigorating its industrial base, leveraging technological innovations, and establishing fair trade agreements.

For a comprehensive understanding of these intricate economic and geopolitical discussions, including deeper insights into the proposed transformations and their potential impacts, we encourage you to watch the full video from Liberty Crusade Official.

https://www.youtube.com/watch?v=yL21_jyB1wk

News, Rumors and Opinions Wednesday 5-27-2026

Ariel:  The Deal of the Century

5-27-2026

Iran & The Deal Of The Century: The Operation To Restore Sovereignty

Currency Revaluation and the Gold Hammer:

“Gold shall destroy the Fed.” That drop wasn’t poetry. It’s operational doctrine. Kevin Warsh, the new Fed Chair, sits at the controls of the controlled demolition.

This isn’t some dove or hawk game Warsh’s track record screams surgical restructuring. He inherits the post-Powell mess of balance sheet bloat and credibility rot.

His mandate: restore integrity by shrinking the footprint, re-anchoring expectations, and preparing the ground for asset-backed recalibration.

Watch the mechanics. Middle East stability floods markets with reliable energy flows, crushing volatility premiums that propped up fiat derivatives casinos. Gold’s role surges not as speculative play but as the neutral settlement asset in new trade corridors.

Warsh’s quieter Fed, combined with revalued commodities from a pacified region, forces a soft landing into partial gold convertibility first through strategic reserves, then broader monetary reform.

The Federal Reserve doesn’t “end” with fireworks. It gets hollowed out, its infinite QE hammer replaced by discipline that starves the offshore dollar weaponization machine.

The Deepstate loses its two favorite toys: endless war financing and currency hegemony. Black budgets tied to Middle East chaos? Defunded. Offshore accounts and NGO fronts laundering influence?

Exposed under new scrutiny. The 13-lineage preservation networks that benefited from global instability scramble as real economic power shifts to productive alliances instead of managed decline.

Read Full Article:
https://www.patreon.com/posts/iran-deal-of-to-159333500

https://dinarchronicles.com/2026/05/27/prolotario-the-deal-of-the-century/

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

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

Militia Man   The CBI has strong reserves, a high coverage ratio, and is actively pushing banking reforms, digital transformation, and diversification. The new government is also coordinating fiscal and monetary policy more closely now. These are the exact tools needed to weather economic storms and protect the dinar’s value. The last three years is  evidence of that! 

Reset Intelligence  The CBI has spent the last 18 months pulling notes from circulation...USD cash imports cut from $14 billion to $4 billion. 95% of the system on the electronic platform. 79 commercial banks queued for digital licenses. The project to delete three zeros contracts the IQD float from 93 trillion to 93 billion when the rate moves - and every three-zero note international investors are holding gets cleared in the same instant. Iraq has already laid the concrete on this foundation.

Jeff They're screaming at you from so many different angles that rate is about to change.  It's not a secret.  All of this information came forward since the new government has been in position.  Remember they told us it'll be the new government that introduces Iraq to the next stage, next phase...That means when they've gone international.

Sandy Ingram  I too want to get my hands on the Venezuelan currency.  Experts are telling us investing in the VES, Venezuela's currency [the bolivar] is not a good idea.  And we understand that.  The currency keeps decreasing against the dollar. [We] will keep you updated on exactly what's going on in Venezuela and when we may should absolutely engage in getting our hands on the currency.  Right now it's decreasing.  We expect it's going to go up.  We do not expect it's going to be another Iraqi situation where it's going to take years...

Steve Hanke: New Commodity SUPER CYCLE Has Begun - Why Everyone is Hoarding Gold & Oil

Lena Petrova:  5-27-2026

https://www.youtube.com/watch?v=x1DkBHwOVlw

Iraq Economic News and Points To Ponder Wednesday Morning 5-27-26

Iranian President: The Main Battle Is Taking Place Today On The Economic War Front

Arabic and international   Economy News - Follow-up    Iranian President Masoud Pezeshkian asserted on Wednesday that the main battle is taking place today in the arena of economic warfare.

Pezeshkian said, "The main battle is taking place today in the arena of economic warfare."

He added that "after the enemy's failure in the military war, it is focusing on targeting our economic resilience and creating a disruption in the living conditions." https://www.economy-news.net/content.php?id=69598

Tehran Is Negotiating Over Its Frozen Assets; Qatari Mediation Aims To Resolve The Final Obstacle With Washington

Money and Business   Economy News - Follow-up   Iran’s Tasnim news agency quoted a source close to the Iranian negotiating team on Tuesday as saying that the release of about $24 billion of frozen Iranian funds is one of the most prominent items on the agenda of the memorandum of understanding being negotiated between Tehran and Washington.

According to the source, Iranian Parliament Speaker Mohammad Baqer Qalibaf traveled to the Qatari capital, Doha, as part of efforts to reach an agreement on the mechanism for releasing these funds, amid intensive Qatari mediation between the two sides.

Tasnim News Agency confirmed that Qalibaf’s visit to Qatar made progress in indirect talks with the United States.

For its part, the Iranian news agency Fars indicated that Qatari mediation is currently working to resolve the issue of frozen Iranian funds, which is considered the "last sticking point" in the negotiations.

Fars reported that understandings between Washington and Tehran are nearing their final stages, after addressing most of the contentious issues, while the discussion is currently focused on the mechanisms for releasing Iranian funds and the conditions for implementing this within the framework of the proposed agreement.

Iran’s frozen funds abroad are estimated at $100 to $120 billion, representing oil sales revenues and Iranian assets held in international banks due to sanctions. These assets are currently at the heart of complex negotiations between Washington and Tehran, with Iran insisting on their release as a prerequisite for any agreements.

Estimates indicate that the most prominent countries holding Iranian financial revenues are China, which holds about $20 billion in oil revenues, in addition to $7 billion in India, $6 billion in Iraq related to electricity and gas revenues, as well as $6 billion transferred by South Korea to Qatar under previous understandings, in addition to other assets distributed in Japan, Luxembourg and the United States.

The roots of the Iranian funds seizure crisis go back to 1979 following the American hostage crisis in Tehran, when the first large batch of Iranian assets was frozen, and the issue later turned into an accumulated and complex file that the past decades have failed to resolve. https://www.economy-news.net/content.php?id=69559

Gold Rises As The Dollar Weakens And The World Awaits US-Iran Talks

Money and Business   Economy News - Follow-up   Gold rose on Wednesday, supported by a weaker dollar, as investors awaited any signs of progress in peace talks between the United States and Iran and assessed the outlook for monetary policy from the Federal Reserve.

Spot gold rose 0.2% to $4,516.76 an ounce by 00:51 GMT.

US gold futures for June delivery also rose 0.3% to $4,516.30.

The dollar weakened, making the precious metal priced in US dollars less expensive for holders of other currencies.

Iran said on Tuesday that the United States had violated the ceasefire by bombing targets near the Strait of Hormuz, potentially complicating efforts to end the war.

Meanwhile, U.S. Secretary of State Marco Rubio said that negotiating an agreement to end the conflict might "take a few days," after both sides had previously indicated progress regarding a memorandum of understanding that would halt hostilities and resume navigation through the Strait of Hormuz.

Markets are awaiting statements from Federal Reserve policymakers, including Vice Chairman Philip Jefferson and Council member Lisa Cook, to assess the impact of inflation on the future stance of monetary policy.

Investors are also awaiting the release of the US Personal Consumption Expenditures (PCE) data for April, due on Thursday, for any clues about the direction of US monetary policy.

As for other precious metals, silver rose 0.6% in spot trading to $77.40 an ounce, platinum was steady at $1,957.75, while palladium gained 0.9% to $1,391.68. https://www.economy-news.net/content.php?id=69590

Petroleum Products: Our Stations Are Supplying Citizens With Fuel Normally

Energy    Economy News – Baghdad     The Oil Products Company announced on Wednesday that fuel stations are operating normally in Baghdad and the provinces.

The company said in a statement received by "Al-Eqtisad News" that "fuel stations are operating normally in Baghdad and the provinces."  She added, "We have directed that stations on external roads operate 24 hours a day."

https://www.economy-news.net/content.php?id=69596

Basra Crude Oil Prices Fall Amid Global Oil Decline

Energy   Economy News – Baghdad   Iraqi crude oil prices fell by more than 1.8% on Wednesday, coinciding with a drop in global oil prices.

U.S. West Texas Intermediate crude fell to $92.08 a barrel, down $1.81 or 1.93%, while Brent crude dropped to $98 a barrel, down $1.58 or 1.59%.

At the Iraqi level, Basra Heavy crude fell to $97.38 per barrel, a decrease of 1.83%, while Basra Medium crude fell to $99.48 per barrel, a decrease of 1.80%.

The OPEC basket also recorded a decline to $107.37 per barrel, down 4.46%, while the UAE's Murban crude rose 2.40% to $95.05 per barrel. https://www.economy-news.net/content.php?id=69594

Oil Prices Fell As Investors Awaited Progress In US-Iranian Talks

Energy    Economy News - Follow-up   Oil prices fell on Wednesday, giving up some of their earlier gains, as markets awaited developments in talks between the United States and Iran on ending tensions and reopening vital sea lanes.

Brent crude futures fell by $1.42, or 1.43%, to 98.16 a barrel, while U.S. West Texas Intermediate crude futures declined by $1.66, or 1.77%, to $92.23 a barrel.

The decline came after gains of more than 4% in the previous session, following new US strikes inside Iran that raised concerns about stalled efforts to end the conflict and reopen the Strait of Hormuz.

Markets are closely monitoring the course of US-Iranian negotiations amid escalating security tensions, while signs that some energy tankers have crossed the strait have boosted hopes for a wider resumption of global supplies.

https://www.economy-news.net/content.php?id=69593

An External Explosion Hits An Oil Tanker Off The Coast Of Oman, Causing A Fuel Leak

Energy   Economy News - Follow-up   The UK Maritime Trade Operations (UKMTO) reported an explosion on an oil tanker off the coast of Oman, resulting in a fuel spill into the sea. The crew and vessel are reported to be safe.

The authority stated that the incident occurred 60 nautical miles (approximately 111 kilometers) east of the Omani capital, Muscat. The tanker's captain reported an "external explosion" on the port side of the vessel at the stern, near the waterline.

As a result of the explosion, some bunker fuel leaked into the sea, but the crew and the ship are fine and no injuries have been reported.

According to a report by the Joint Maritime Information Centre (JMIC), the tanker was identified as "Olympic Life," a 318,676-ton Greek-owned crude oil tanker registered in the Marshall Islands, built in 2019.

This incident comes amid a major military escalation in the region, with US forces launching airstrikes early Tuesday targeting Iranian missile sites and boats that were laying sea mines in the Gulf. US officials confirmed that these strikes were carried out in "self-defense" to protect US forces.

For its part, Iran accused the United States of violating the ceasefire agreement, and the Iranian Revolutionary Guard vowed revenge. The Iranian Fars News Agency reported that Iranian forces shot down an American drone and forced American aircraft to leave Iranian airspace.

This incident is the latest in a series of attacks and explosions in the region since the war began three months ago, with Iran planting sea mines in the waters of the Strait of Hormuz as part of its campaign to disrupt navigation.

About one-fifth of the world’s oil production passes through the Strait of Hormuz, and its de facto closure has resulted in the detention of more than 1,550 commercial vessels and about 22,500 sailors in the Gulf.

Tim Hawkins, a spokesman for the U.S. Central Command, said that U.S. forces carried out "defensive strikes in southern Iran today to protect our forces from threats posed by Iranian forces."

This escalation comes despite ongoing negotiations between the United States and Iran, mediated by Pakistan, to reach an agreement to end the war. US Secretary of State Marco Rubio announced that the talks could continue for several more days to finalize a possible agreement. https://www.economy-news.net/content.php?id=69591

Seeds of Wisdom RV and Economics Updates Wednesday Morning 5-27-26

Good Morning Dinar Recaps,

India and Pakistan Compete for Influence as South Asia’s Strategic Importance Expands

The growing battle for narrative dominance between India and Pakistan reflects deeper shifts in global alliances, trade corridors, and multipolar geopolitics.

Overview

South Asia is increasingly becoming a focal point in the evolving multipolar global order, with both India and Pakistan working to shape perceptions of their geopolitical influence. Beyond military or economic strength, the region is now witnessing a broader struggle over diplomatic visibility, strategic partnerships, and narrative control.

Key Developments

1. India Expands Its Global Leadership Narrative

India continues positioning itself as a rising global power through initiatives emphasizing economic growth, diplomatic outreach, and Indo-Pacific cooperation. Its partnerships with the United States, Japan, and European allies have strengthened its role in major strategic frameworks such as the Quad.

2. Pakistan Reinforces Strategic Ties With China and Gulf States

Pakistan has responded by deepening relations with China, Gulf nations, and selected Western partners in an effort to maintain geopolitical relevance despite economic challenges. Its alignment with Beijing remains a key pillar of its regional strategy.

3. Narrative Competition Is Becoming a Foreign Policy Tool

Both nations are increasingly using strategic messaging and perception management to influence domestic and international audiences. Diplomatic successes are amplified publicly, while setbacks are often reframed, turning perception itself into a geopolitical battleground.

4. South Asia Sits at the Center of Multipolar Realignment

Broader global dynamics — including U.S.–China competition, energy corridor security, and shifting trade routes — are elevating South Asia’s strategic importance. Rather than a simple rise-or-decline scenario, the region reflects complex and overlapping alliances shaping the future balance of power.

Why It Matters

The geopolitical evolution of India and Pakistan matters because South Asia is increasingly tied to global supply chains, energy security, and strategic trade corridors. As the world moves toward a more fragmented and multipolar system, regional powers are becoming more influential in determining future financial and diplomatic alignments.

Why It Matters to Foreign Currency Holders

• Growing geopolitical competition may increase regional currency volatility

• Expanding trade partnerships could accelerate local currency settlement agreements

• Strategic alliances may influence future energy pricing and trade flows

Implications for the Global Reset

• Pillar 1: Multipolar Financial Realignment

The strengthening of regional alliances supports the gradual movement away from a fully centralized global system toward multi-regional economic influence and diversified trade networks.

• Pillar 2: Strategic Corridor Competition

South Asia’s importance in energy transport, trade infrastructure, and global logistics places the region at the center of future economic and geopolitical restructuring.

Closing Insight

India and Pakistan are not simply competing for regional influence — they are competing to define their place in an emerging world order. As alliances evolve and global power becomes more distributed, South Asia’s role in shaping future financial and geopolitical systems will likely continue to grow.

This is not just a regional rivalry — it’s part of the larger struggle over influence in a rapidly changing global order.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "India and Pakistan Geopolitics: How Competing Narratives Shape South Asia’s Global Role"

• Reuters — "India, China and regional alliances reshape Asia geopolitics"

~~~~~~~~~~

🌱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

Wednesday Iraq News Posted by Tishwash at TNT 5-27-2026

TNT:

Tishwash:  Rule of law: There is no longer enough time to send the 2026 budget

Ali Al-Azirjawi, a member of the State of Law Coalition, said that there is no longer enough time to send the 2026 budget.

Al-Azirjawi added that it is necessary to resort to preparing an "emergency plan similar to the Food Security Law that is quickly agreed upon to ensure the continued operation of the government and ministries in an organized and rational manner."

He added that "adopting an emergency plan is a realistic option in light of the current challenges," noting "the importance of expediting the vote on it within the Cabinet and then approving it so that it can take its executive role as quickly as possible."

Al-Azirjawi explained that "Iraq faces a number of economic challenges, most notably the size of its internal and external debt, which requires serious solutions, in addition to security challenges and regional tensions that further complicate the overall situation."  link

Tishwash:  Double salaries are straining the budget; an economist warns against printing money and calls for urgent austerity measures.

Economic expert Hashim al-Haboubi warned the government on Sunday of the dangers of continuing to print local currency, stressing that it will deplete the country's strategic reserves of gold and hard currency. He called for the implementation of an urgent package of financial reforms, spearheaded by strict government austerity measures.

Al-Haboubi told the Information Agency that "printing local currency will have dire consequences, primarily a decline in the purchasing power of the Iraqi dinar against foreign currencies, especially the dollar." 

He added that "this step will deplete sovereign reserves, which currently stand at approximately 147 tons of gold and $114 billion, in addition to funds deposited with the US Federal Reserve." He urged the government to "implement a strict austerity policy, beginning with eliminating unnecessary expenditures." 

He explained that "the state treasury spends 142 billion dinars monthly on the Presidency, in addition to the presence of more than 300 advisors in the Prime Minister's office – figures that strain the country's budget."

He emphasized that "the first steps toward genuine reform lie in unifying the salary system and preventing dual employment."

Al-Haboubi pointed out that "there are more than 20,000 people receiving multiple salaries per month, and some even receive up to nine salaries simultaneously."  link

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

Tishwash:  Parliamentary Finance Committee: We await a decisive report on the financial situation following the decline in oil exports.

Member of the Parliamentary Finance Committee, Omar al-Karawi, confirmed on Sunday that his committee is awaiting a crucial report from the Ministry of Finance outlining the country's financial situation, given Baghdad's reduced capacity to export more than 90% of its crude oil.

Al-Karawi told Al-Maalouma that "the Parliamentary Finance Committee expects a highly important report from the Ministry of Finance, after the Eid al-Adha holiday, clarifying the overall financial situation, the extent of the existing challenges, and the currently proposed solutions to ensure the continued payment of salaries and other essential expenditures."

He explained that "treasury revenues have decreased by more than 90% with the cessation of the majority of crude oil exports, due to the current situation in the Arabian Gulf," indicating that "the Ministry of Finance's report will provide a comprehensive picture of the nature of the challenges and problems, and the possible solutions for addressing them."

He added that "the assessments will then be more realistic and objective in diagnosing the magnitude of the financial crisis in Iraq," noting that "the next phase requires the adoption of a clear strategy by Ali al-Zaidi's government to increase revenues, particularly non-oil revenues."

Al-Karawi stressed that “the recent crisis has underscored the necessity of creating a diversified economy capable of withstanding disruptions and crises, by boosting non-oil revenues and reducing reliance on oil as the sole source of funding.”  link

Tishwash:  Al-Zaydi's government: Opens the file on frozen funds to integrate factions; the decision restswith Washington.

May 26, 2026 - 11:43 PM

An informed source revealed on Tuesday that the government of Ali al-Zaidi intends to address Washington to release part of Iraq’s frozen funds in some international banks to cover the allocations for the elements of the factions that will be integrated into the directorates of the Popular Mobilization Forces and some security and military ministries.

According to the source, who spoke to Shafaq News Agency, integrating the members of the armed factions who agreed to hand over their weapons to the government and join the government institution requires large financial allocations compared to their numbers, which exceed 800,000 people.

The source explained that most factions agreed to hand over weapons, with the exception of the Al-Nujaba Movement and the Sayyid al-Shuhada Brigades.

According to the source, the issue of releasing frozen funds does not only include funds in Washington banks, but also in some European countries. If Washington agrees to Iraq’s request, the remaining banks in other countries will certainly agree to release the frozen Iraqi funds.

According to the source, significant changes will affect the Popular Mobilization Forces after the completion of the process of integrating the factions’ elements and sorting its directorates according to the approved structure of the institution, the most important of which is replacing the head of the body with an alternative candidate, “Ali Mayah Al-Zaydi”, in the event that “Abu Fadak” is not approved as a replacement for Al-Fayyad.

The source concluded that “meetings between the leaders of the coordination framework are continuing to resolve the issue of armed factions outside the official state framework.”

Recently, disagreements have escalated within the Coordination Framework forces regarding the American proposal to disarm the factions and dissolve or integrate the Popular Mobilization Forces.

An informed government source had previously revealed that some political forces and armed factions had shown “flexibility” regarding the issue of restricting weapons to the state, after having been rigid on this matter, indicating that the process of handing over weapons would be within a specific timeframe.

Prior to that, an informed source had revealed to Shafaq News Agency on May 9 that the Coordination Framework had agreed with Prime Minister-designate Ali al-Zaidi to form a committee tasked with disarming armed factions, coinciding with the call made by the leader of the Sadrist movement, Muqtada al-Sadr.

On May 15, Nazim al-Saidi, head of the executive council of the al-Nujaba Movement, one of the most prominent armed factions, confirmed that the “weapons control” clause included in the new government’s program does not include “resistance weapons” but rather those that cause “chaos.” ink