Rob Cunningham: Gold, Silver, Mathematics, and XRP Share a Defining Characteristic
Rob Cunningham: Gold, Silver, Mathematics, and XRP Share a Defining Characteristic
7-8-2026
Honest Weights.
Honest Measures.
Honest Civilization.
Gold, silver, mathematics, and XRP share a defining characteristic: they carry no inherent counterparty risk. Their underlying properties exist independent of opinion or authority.
Rob Cunningham: Gold, Silver, Mathematics, and XRP Share a Defining Characteristic
7-8-2026
Honest Weights.
Honest Measures.
Honest Civilization.
Gold, silver, mathematics, and XRP share a defining characteristic: they carry no inherent counterparty risk. Their underlying properties exist independent of opinion or authority.
Truth is truth.
An ounce is an ounce.
A gram is a gram.
A mathematical equation is either correct or it is not.
A ledger entry either reconciles or it does not.
None of these require a king, president, regulator, banker, priest, gatekeeper, expert, or intermediary to determine their objective nature. They can be openly examined, independently verified, and measured according to consistent standards rather than personal preference, political power, or institutional influence.
When weights and measures are honest, trust grows naturally. Markets become more efficient. Cooperation becomes easier. Prosperity becomes more durable because participants share a common reference point grounded in transparent standards rather than subjective interpretation.
Throughout history, civilizations have depended upon honest weights and honest measures. Scripture likewise warns against dishonest weights and measures, describing them as an abomination because they undermine justice, commerce, and trust itself.
Honest money promotes confidence through integrity.
Dishonest weights and measures erode confidence through deception.
Civilizations flourish when truth is measurable, transparent, and equally accessible to all.
Source(s):
• https://x.com/KuwlShow/status/2074529146466623551
Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 7-8-26
Good Afternoon Dinar Recaps,
Trump Ends Iran Ceasefire Framework as Markets Brace for Oil Shock
Renewed tensions in the Middle East are rippling through global markets after President Donald Trump declared the U.S.-Iran memorandum of understanding "over," sending oil prices higher and increasing concerns about inflation, monetary policy, and global growth.
Good Afternoon Dinar Recaps,
Trump Ends Iran Ceasefire Framework as Markets Brace for Oil Shock
Renewed tensions in the Middle East are rippling through global markets after President Donald Trump declared the U.S.-Iran memorandum of understanding "over," sending oil prices higher and increasing concerns about inflation, monetary policy, and global growth.
Overview
President Trump announced that the U.S.-Iran memorandum of understanding has ended, reigniting uncertainty over Middle East stability.
Oil prices surged more than 5%, while global stock markets declined as investors shifted toward safer assets.
Investors are now watching Federal Reserve policy closely, as rising energy prices could complicate inflation and future interest-rate decisions.
Key Developments
1. Trump Declares Iran Agreement Over
President Trump announced that the memorandum of understanding that had provided the framework for ending hostilities with Iran was no longer in effect. The statement immediately increased geopolitical uncertainty and raised concerns about renewed conflict in the Gulf.
2. Oil Prices Jump on Supply Concerns
Brent crude oil climbed more than 5% as traders reacted to fears that renewed tensions could disrupt energy supplies moving through the Strait of Hormuz, one of the world's most important oil shipping routes.
3. Global Markets Turn Risk-Off
Equity markets weakened while investors moved toward traditional safe-haven assets. Higher energy prices renewed concerns that inflation could remain elevated longer than previously expected.
4. Federal Reserve Outlook Becomes More Complicated
Markets are awaiting the release of the Federal Reserve's meeting minutes for clues about future monetary policy. Rising oil prices could make it more difficult for policymakers to ease interest rates if inflation begins accelerating again.
5. IMF Warns Central Bank Communication Is Becoming More Important
Separately, the International Monetary Fund said it plans to engage with central banks regarding changes to monetary policy communication and forward guidance, emphasizing that clear communication becomes increasingly important during periods of geopolitical and economic uncertainty.
Why It Matters
Geopolitical instability can rapidly affect energy prices, inflation, financial markets, and central bank policy. Today's developments demonstrate how closely global finance remains tied to events in the Middle East and why investors continue monitoring both geopolitical risks and monetary policy.
Why It Matters to Foreign Currency Holders
Foreign currency investors should watch oil prices and central bank decisions carefully. Rising energy costs can strengthen inflation, influence interest-rate policy, increase currency volatility, and affect capital flows across global financial markets.
Implications for the Global Reset
Pillar 1 – Debt
Higher oil prices may delay interest-rate reductions, increasing borrowing costs for governments, businesses, and consumers while adding pressure to already elevated sovereign debt levels.
Pillar 5 – Energy
Renewed uncertainty surrounding the Strait of Hormuz highlights how energy security remains a critical driver of inflation, financial stability, and global economic growth.
This is not just about renewed Middle East tensions—it demonstrates how geopolitical events, energy markets, and central bank policy remain deeply interconnected in shaping the evolving global financial system.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters – Wall Street jittery and oil up as Trump says interim Iran deal "over"
~~~~~~~~~~
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Newshound's News Telegram Room Link
RV Facts with Proof Links Link
RV Updates Proof links - Facts Link
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Thank you Dinar Recaps
Hong Kong Just Launched a Gold System That Could REPRICE Gold
Hong Kong Just Launched a Gold System That Could REPRICE Gold
Taylor Kenny: 7-7-2026
Hong Kong just launched a new gold clearing and settlement system — and it could change the way gold and silver are priced around the world.
CHAPTERS:
00:00 Hong Kong Launches a Gold System That Could Reprice Gold
Hong Kong Just Launched a Gold System That Could REPRICE Gold
Taylor Kenny: 7-7-2026
Hong Kong just launched a new gold clearing and settlement system — and it could change the way gold and silver are priced around the world.
CHAPTERS:
00:00 Hong Kong Launches a Gold System That Could Reprice Gold
00:59 The West’s Paper Gold Pricing Monopoly
01:27 How Rehypothecation Suppresses Gold and Silver Prices
02:56 Banks, Spoofing, and Overnight Price Raids
04:22 Currency Resets, Inflation, and the Dollar’s Decline
05:19 Central Banks Know What’s Coming
06:43 Gold Infrastructure and the Return to Real Money
07:41 BRICS, Gold Corridors, and Oil Settlement
News, Rumors and Opinions Wednesday 7-8-2026
Ariel: Operation Sandman is Not a Theory
7-8-2026
Operation Sandman is not a theory, a rumor, or a vague financial reset fantasy. ‘
It is the active, multi-year special access program designed as the final economic decapitation strike against the fiat dollar system, the Federal Reserve’s debt-based stranglehold, and the entire Western central banking architecture that has funded every black project, every war, and every bloodline control grid for over a century.
Ariel: Operation Sandman is Not a Theory
7-8-2026
Operation Sandman is not a theory, a rumor, or a vague financial reset fantasy. ‘
It is the active, multi-year special access program designed as the final economic decapitation strike against the fiat dollar system, the Federal Reserve’s debt-based stranglehold, and the entire Western central banking architecture that has funded every black project, every war, and every bloodline control grid for over a century.
This is the mechanism by which the old financial overlords are being forced into irrelevance while a new asset-backed, gold-and-commodity-weighted system is slammed into place. It is surgical, ruthless, and already in motion at levels that will make 2008 look like a dress rehearsal. You are watching a long play that has been in the works for years. And we are finally seeing what has long been foretold by many insiders.
We are heading towards a gold back economy. And Central Banks are preparing for it. This is why the audit of Fort Knox is so paramount. This will basically get the ball rolling on the whole debt based system.
As of right now, the operation has moved from planning into active execution.
Saudi Arabia has already begun accepting non-dollar payments for oil in key bilateral deals.
China and Russia have accelerated dedollarization through their expanded BRICS payment platforms and massive gold purchases.
Multiple nations are dumping U.S. Treasuries in calculated tranches to avoid immediate market panic while steadily draining liquidity.
U.S. internal White Hat factions within the Treasury and military are running interference to manage the collapse in a controlled manner protecting key infrastructure while letting the parasitic layers burn.
This will trigger massive wealth transfer. The middle class in dollar-dependent nations gets hammered first through inflation, bank runs, and asset devaluation.
Elites who are not positioned in the new system (physical assets, gold, sovereign-aligned cryptocurrencies, or BRICS instruments) will be wiped out.
Bloodline banking families tied to the old Federal Reserve system lose their primary lever of control. This is why you see frantic attempts to provoke new wars or distractions to delay or redirect the economic reckoning.
Source(s):
• https://x.com/Prolotario1/status/2074609867059266017
https://dinarchronicles.com/2026/07/08/prolotario-operation-sandman-is-not-a-theory/
****************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 It is highly possible [PM Zaidi] will still be able to see Trump on the 15th but it depends on how quickly things are done that are demanded by Trump...Many things will be visible, will be shown to you, between now and whenever Z finally goes to see Trump. I hope it's still the 15th...
Reset IntelligenceOn July 10, 3 days out, the ASYCUDA customs system goes mandatory at every border and the paper trail dies. Egypt closed its own currency gap the same way in 2016. In roughly 8 days, Prime Minister al-Zaidi flies to Washington with a delegation of Iraqi business owners, carrying an IMF-shaped 2027 budget and a fresh American energy deal.
Stephen An interesting article came out on Saturday. What it said was Iraqi citizens are now exchanging their US dollars for Iraqi dinar because the dinar is strengthening. If you've been involved in this investment for many years like I have, this has never happened. The Iraqi citizens always want US dollars, preferred over Iraqi dinar because the Iraq dinar never had as much value as the US dollar...The fact they are now exchanging their US dollars for Iraqi dinar is a very telling sign. It means there is an organic and grassroots event happening in the country of Iraq. To me it looks like it is a precursor to some type of other major significant event happening, that we are all hoping and waiting for.
REVEALED: China's SECRET PLAN for Gold Was JUST Leaked-Global Gold Backed Currency
Steven Van Metre: 7-7-2026
China has a secret plan for Gold—to move toward a fully gold-backed global currency—and the PBOC just executed their biggest buy since 2023.
In today's video, I reveal why China is intentionally crashing the price of Gold just so they can buy it all up on the cheap to back a new Yuan.
We are witnessing the final days of the dollar as the global reserve, and I have one specific chart that every gold bull needs to see before this shift hits your portfolio.
Iraq Economic News and Points To Ponder Wednesday Morning 7-8-26
Oil Prices Pressure Iraq’s Foreign Reserves, Experts Warn
2026-07-07 19:36 Shafaq News- Baghdad Iraq's foreign currency reserves have fallen 12 percent in two years and remain at risk of further decline if oil prices drop below $60 per barrel, according to experts who spoke to Shafaq News on Tuesday. The reserves stood at $97.8 billion in late April 2026, down from $111.7 billion at the end of 2023, driven by the government's heavy dependence on oil revenues rather than diversified income streams.
Political science professor Najm Abdul Tarish warned that if oil prices remain between $55 and $60 per barrel, while government spending stays elevated, Iraq's foreign reserves could come under pressure.
Oil Prices Pressure Iraq’s Foreign Reserves, Experts Warn
2026-07-07 19:36 Shafaq News- Baghdad Iraq's foreign currency reserves have fallen 12 percent in two years and remain at risk of further decline if oil prices drop below $60 per barrel, according to experts who spoke to Shafaq News on Tuesday. The reserves stood at $97.8 billion in late April 2026, down from $111.7 billion at the end of 2023, driven by the government's heavy dependence on oil revenues rather than diversified income streams.
Political science professor Najm Abdul Tarish warned that if oil prices remain between $55 and $60 per barrel, while government spending stays elevated, Iraq's foreign reserves could come under pressure.
“Funds are unlikely to decline sharply in the near term but could gradually erode if oil income continues to fall without meaningful economic reforms,” he told Shafaq News, suggesting that protecting them requires diversifying the economy, increasing non-oil returns, and encouraging investment and domestic production rather than relying solely on oil, Tarish argued.
According to former CBI Director General Mahmoud Dagher, the impact of foreign currency reserves on ordinary Iraqis is indirect, and most felt when speculation drives up demand for US dollars or confidence in the market weakens.
He said rumors about the economy or Iraq's oil exports often prompt citizens and traders to buy dollars, increasing demand and pushing up exchange rates on the parallel market. Because Iraq relies heavily on imports, any rise in the dollar's value ultimately increases the cost of imported goods and weakens the purchasing power of the dinar.
Speaking to Shafaq News, expert Mohammed Al-Hassani noted that the Central Bank of Iraq (CBI) does not use its holdings to finance the state budget. Instead, the funds are used to maintain monetary stability, support the Iraqi dinar's exchange rate, secure US dollars for imports, and strengthen investor confidence in the country's economy. He added that part of the reserves is invested in safe, highly liquid financial instruments held by international institutions to preserve their value and ensure they remain readily available when needed.
Despite the concerns, the Prime Minister's Financial Adviser, Mudhir Mohammed Saleh, told Shafaq News that the CBI's foreign currency reserves remain within safe levels under international standards, covering about 12 months of Iraq's imports compared with the global benchmark of three months. “The reserves give the Central Bank significant room to intervene in the foreign exchange market and support the dinar, while noting that exchange rate stability also depends on oil prices, government revenues, the efficiency of the banking sector, and confidence in the economy.
Read more: Iraqi experts divided on reviving the oil-reliant economy
https://www.shafaq.com/en/Economy/Oil-prices-pressure-Iraq-s-foreign-reserves-experts-warn
Oil Jumps Nearly 2% After US Strikes On Iran
2026-07-07 23:42 Shafaq News Oil prices climbed nearly 2% on Wednesday after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again.
The U.S. airstrikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz, U.S. Central Command said on Tuesday. The strait is a key waterway for the transport of Middle Eastern oil shipments to wider markets.
Brent crude futures gained $1.38, or 1.9%, to $75.54 a barrel, and U.S. West Texas Intermediate crude climbed to $71.81 a barrel, up $1.37, or 1.9% at 0128 GMT.
Both benchmarks rose about 3% on Tuesday after the U.S. revoked the general licence authorising the sale of Iranian crude following the Iranian attacks.
"The current conflagration is a reminder to the market of how fragile passage through the Strait still is," said Saul Kavonic, head of research at MST Marquee.
"This presents a contrary indicator to the prevailing sentiment that the market could be flooded into oversupply, which may scare some of the record short positioning to cover," he said, adding that if tensions persist and traffic through the waterway remains below 50% of pre-war levels, the resulting supply constraints could support higher oil prices.
After the U.S. and Iran signed their truce agreement last month, oil prices tumbled back to pre-war levels and traders amassed large short positions in oil futures, or bets that prices would fall further.
Expectations of a wave of pent-up Middle East supply coming onto the market caused the price declines.
Iran did not take responsibility for the vessel attacks but Qatar blamed Iran for them, including one on a Qatari liquefied natural gas tanker, which reported being struck by a drone that caused a fire in its engine room.
A Saudi-flagged crude oil tanker, believed to be the supertanker Wedyan, was also damaged off Oman, maritime security sources said. The cause was not immediately clear.
The attacks renewed concerns about tanker traffic through the Strait of Hormuz, which carried cargoes equal to about one-fifth of global energy supply before the war began in February.
Iran is asserting its control of the Strait and has ordered ships to use a route closer to its coast rather than one nearer to Oman, which also borders the waterway. The U.S. insists the waterway must remain free to all as it was before the conflict started.
Since the war started, nations have drawn down their inventories to make up for the supply shortfall. U.S. crude oil inventories fell again last week, market sources said on Tuesday, citing data from the American Petroleum Institute. Analysts polled by Reuters had expected crude stockpiles to decline by about 2.4 million barrels in the week ended July 3.
(REUTERS) https://www.shafaq.com/en/Economy/Oil-jumps-nearly-2-after-US-strikes-on-Iran
Basrah Crudes Plunge Despite Global Futures Rally
2026-07-08 02:30 Shafaq News- Basrah Iraq's Basrah crude led losses among OPEC grades on Wednesday, plunging more than 25%, even as major global benchmarks moved higher.
Basrah Heavy crude dropped to $45.37 per barrel, losing $15.39, or 25.33%, while Basrah Medium crude fell to $47.47 per barrel, down $10.39, or 17.96%.
Brent crude futures gained $1.92, or 2.6%, to $76.08 a barrel at 0400 GMT, while US West Texas Intermediate crude climbed $1.82, or 2.6%, to $72.26 a barrel.
UAE's Murban crude advanced 3.39% to $71.31 per barrel, while Saudi Arabia's Arab Light crude tumbled 13.70% to $65.31, and Kuwait Export Blend dropped 13.13% to $69.01. OPEC's basket data showed a wider divergence between futures contracts and physical crude grades tied to pricing differentials across crude types.
https://www.shafaq.com/en/Economy/Basrah-crudes-plunge-despite-global-futures-rally
EIA: Iraq's Crude Oil Exports To US Fall In June
2026-07-08 06:46 Shafaq News- Washington Iraq's crude oil exports to the United States fell to 1.35 million barrels in June, down from 1.625 million barrels in May, according to the US Energy Information Administration (EIA).
EIA reported that Iraq exported an average of 107,000 barrels per day during the first week of June, exports fell to zero in the second week, recovered to an average of 71,000 barrels per day in the third week, and returned to zero in the fourth week.
The volatile pattern reflects ongoing disruptions to Iraqi crude shipments amid regional instability. Iraq ranked eighth globally among countries exporting crude to the United States in June, behind Canada, Venezuela, Mexico, Colombia, Ecuador, Brazil, and Saudi Arabia.
Among Arab oil exporters to the US, Iraq held second place. Saudi Arabia led with 2.04 million barrels for the month, while Libya ranked third among Arab nations with 1.11 million barrels.
https://www.shafaq.com/en/Economy/EIA-Iraq-s-crude-oil-exports-to-US-fall-in-June
USD/IQD Exchange Rates Climbs In Baghdad, Erbil
2026-07-08 04:05 Shafaq News- Baghdad/ Erbil The US dollar rose in Baghdad and Erbil on Wednesday, trading around 153,500 Iraqi dinars per $100.
According to a Shafaq News market survey, the dollar traded at 153,650 dinars per $100 at Baghdad's Al-Kifah and Al-Harithiya central exchanges, up from 153,000 dinars on Tuesday's trading.
In the Iraqi capital, exchange shops sold the dollar at 154,000 dinars and bought it at 153,000 dinars.
In Erbil, the dollar traded higher, with selling prices reaching 153,700 dinars per $100 and buying prices at 153,600 dinars.
https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-climbs-in-Baghdad-Erbil-7
Seeds of Wisdom RV and Economics Updates Wednesday Morning 7-8-26
Good Morning Dinar Recaps,
Trump Orders Halt to U.S. Trade With Spain at NATO Summit
Growing tensions over NATO defense spending and Spain's position during the Iran conflict have escalated into a major trade dispute, raising new questions about alliance unity and transatlantic economic relations.
Good Morning Dinar Recaps,
Trump Orders Halt to U.S. Trade With Spain at NATO Summit
Growing tensions over NATO defense spending and Spain's position during the Iran conflict have escalated into a major trade dispute, raising new questions about alliance unity and transatlantic economic relations.
Overview
President Donald Trump announced he ordered Treasury Secretary Scott Bessent to halt U.S. trade with Spain following disagreements over NATO defense commitments.
Spain has refused to adopt NATO's new 5% defense spending target and declined to support certain U.S. military operations during the Iran conflict.
The dispute highlights growing divisions within NATO at a time when the alliance is attempting to strengthen collective security amid rising global geopolitical risks.
Key Developments
1. Trump Announces Trade Action Against Spain
President Trump stated during the NATO Summit in Ankara that he had instructed Treasury Secretary Scott Bessent to stop trade with Spain, calling the country a "terrible partner." The remarks marked one of the strongest public criticisms of a NATO ally during the summit.
2. Defense Spending Dispute Reaches New Level
Spain continues to reject NATO's new goal of spending 5% of GDP on defense and related security investments, maintaining that its existing military contributions adequately fulfill alliance obligations. Washington argues that all allies must increase spending to strengthen collective deterrence.
3. Iran Conflict Deepened Political Differences
Relations deteriorated further after Spain reportedly declined to allow U.S. forces to use certain Spanish military facilities and airspace during operations connected to the Iran conflict. The disagreement intensified longstanding debates over burden-sharing within the alliance.
4. Strategic Military Cooperation Faces New Questions
Despite the political dispute, Spain remains home to critical U.S. military installations, including Naval Station Rota and Morón Air Base, both of which support NATO operations throughout Europe, the Mediterranean, and the Middle East. No immediate military changes have been announced.
5. Markets Watch for Policy Follow-Through
While Trump's announcement immediately attracted global attention, investors are now watching whether formal trade restrictions will actually be implemented. Any significant disruption in U.S.-Spain trade could affect broader European economic sentiment and alliance cooperation.
Why It Matters
Trade disputes between major allies can influence global markets, supply chains, and geopolitical stability. If tensions between Washington and Madrid escalate further, the disagreement could extend beyond defense policy into broader economic and diplomatic relations across Europe.
Why It Matters to Foreign Currency Holders
Foreign currency investors closely monitor geopolitical tensions because they can influence currency values, trade flows, investor confidence, and central bank policy. Increased uncertainty among major Western allies may contribute to market volatility while reinforcing demand for safe-haven assets such as the U.S. dollar and gold.
Implications for the Global Reset
Pillar 2 – Trade
Growing trade tensions between the United States and Spain highlight how geopolitical disagreements can influence international commerce, supply chains, and cross-border investment.
Pillar 5 – Energy
Spain's strategic military and geographic position within NATO affects broader European security and energy logistics, making alliance cooperation increasingly important for regional stability.
This is not just about a dispute between allies—it reflects how defense commitments, trade policy, and geopolitical strategy are becoming increasingly interconnected in shaping the future global economic and security landscape.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters – NATO Summit coverage and U.S.-Spain defense spending dispute
Modern Diplomacy – Trump Orders Halt to US Trade With Spain at NATO Summit
~~~~~~~~~~
🌱 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
~~~~~~~~~~
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Follow the Gold/Silver Rate COMEX
Follow Fast Facts
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Thank you Dinar Recaps
Wednesday Iraq News Posted by Tishwash at TNT 7-8-2027
TNT:
Tishwash: The World Bank commends Iraq's steps in modernizing its public budget preparation tools.
On Tuesday, Deputy Minister of Finance Ali Karim met with a World Bank delegation headed by Samer Mata to discuss modernizing public financial management.
The Ministry of Finance stated in a press release received by the Video News Agency that the meeting reviewed the Ministry's progress in transitioning from line-item budgeting to program and performance-based budgeting.
TNT:
Tishwash: The World Bank commends Iraq's steps in modernizing its public budget preparation tools.
On Tuesday, Deputy Minister of Finance Ali Karim met with a World Bank delegation headed by Samer Mata to discuss modernizing public financial management.
The Ministry of Finance stated in a press release received by the Video News Agency that the meeting reviewed the Ministry's progress in transitioning from line-item budgeting to program and performance-based budgeting.
This included preparing implementation documents and templates, and identifying requirements for developing systems, schedules, and electronic displays in the Budget and Accounting Departments. These improvements aim to support digital transformation and enhance oversight, governance, and the efficiency of public spending.
The statement added that the Ministry emphasizes the importance of the technical support provided by the World Bank in this process. It also stressed the need to form a specialized national team from within the Ministry to oversee implementation, train spending units, and ensure a gradual and effective transition to program and performance-based budgeting.
For its part, the World Bank delegation commended the Ministry of Finance's steps in modernizing budget preparation tools and developing financial management systems. The delegation affirmed its readiness to provide the necessary technical expertise to support the project and establish more efficient and transparent modern financial practices. link
Tishwash: Parliamentary move to resolve the cabinet formation issue during upcoming sessions
MP Abbas Al-Maliki stressed on Wednesday that the delay in completing the cabinet does not serve the political process, calling on political blocs to expedite the resolution of this issue and send the names of the remaining ministers to the House of Representatives for a vote.
Al-Maliki told Al-Maalomah News Agency that “the delay in completing the cabinet does not serve the political process and affects the government’s work and the implementation of its program,” indicating that “the House of Representatives informed the political blocs of the need to reach an agreement and send the names of the remaining ministers in preparation for voting on them.”
He added that "political activity is still ongoing among political forces in order to reach understandings regarding the vacant ministries."
Al-Maliki indicated that "there is a move to resolve the issue of completing the cabinet during the upcoming sessions of the Council of Representatives, which will contribute to finalizing the government formation and closing this file." link
************
Tishwash: Visit to Washington: An economic gamble to boost investment
All eyes are on the upcoming visit of Prime Minister Ali al-Zubaidi to the American capital, Washington, amid expectations that it will be an important step in strengthening economic relations between Iraq and the United States, and opening new horizons for foreign investments, especially in vital sectors that are relied upon to diversify the national economy and reduce dependence on oil revenues.
The visit also represents an important milestone in the course of Iraqi-American relations, as it holds opportunities to enhance political, economic, and security cooperation, in addition to raising national and humanitarian issues of concern to the various components of the Iraqi people. This is confirmed by MP Khalid Sido, a member of the Parliamentary Security and Defense Committee, in an interview with Al-Sabah newspaper, where he indicated that Al-Zidi's anticipated visit to Washington represents an important opportunity to strengthen relations between Iraq and the United States, expressing his hope that its results will reflect positively on stability and economic development in Iraq.
Sido stressed the importance of the visit carrying a humanitarian message that confirms the state’s concern for all its components, emphasizing the need to address outstanding humanitarian issues.
He pointed out that the success of the visit should be measured by the gains it achieves for Iraq through the establishment of a genuine partnership based on respect for Iraqi sovereignty and non-interference in internal affairs, while preserving the independence of national decision-making. Sido indicated that Iraq possesses an important geographical location and great wealth that qualifies it to be an economic and strategic center in the region, expressing his hope that the visit will contribute to supporting security and stability and opening up broader horizons for economic and investment cooperation, which will reflect positively on the citizens and the Iraqi economy.
Furthermore, economic experts believe that the success of the visit will not be measured solely by the number of agreements that may be signed, but rather by Iraq's ability to convey a clear message to American investors and decision-makers that the country now possesses a more receptive environment for investments, and that it is moving towards building long-term economic partnerships that achieve common interests.
Professor of International Economics, Dr. Nawwar Al-Saadi, affirms that the most prominent economic message that the Iraqi delegation should carry is that Iraq is no longer looking for relations based on aid, but rather seeks sustainable investment partnerships based on mutual benefit.
Al-Saadi points out that Iraq has promising opportunities in the energy, gas, petrochemical, infrastructure, digital transformation, agriculture and manufacturing sectors, which are areas capable of generating rewarding returns for investors.
Al-Saadi adds to “Al-Sabah” that enhancing investor confidence requires providing clear messages regarding the continuation of economic reforms, improving the business environment, simplifying administrative procedures, enhancing governance and transparency, as well as protecting investments and continuing efforts to combat corruption, stressing that capital seeks first stability and legal guarantees before seeking profits.
The spokesperson added that it is also necessary to highlight Iraq’s orientations towards diversifying sources of income and expanding the role of the private sector, which would allow American companies the opportunity to enter as a partner in the development process, and not just as an implementer of projects. He pointed out that presenting a clear investment map supported by implementation mechanisms and legal guarantees will enhance the international community’s confidence in the Iraqi economy and open the door to quality investments that contribute to technology transfer, job creation, and economic growth.
For his part, economic researcher Ahmed Al-Ansari affirms that the Prime Minister’s visit to Washington represents an important opportunity to strengthen the economic partnership between Iraq and the United States, explaining that its success may contribute to attracting American and foreign investments to the energy, electricity, industry, infrastructure and technology sectors.
Al-Ansari adds that reaching economic understandings and agreements and sending reassuring messages to investors will enhance confidence in the Iraqi economy and encourage international companies to enter the local market, but he stressed at the same time that achieving these gains remains dependent on Iraq’s ability to improve the investment environment, consolidate stability, and accelerate economic and administrative reforms, in order to ensure that agreements are transformed into real productive projects that support economic diversification and provide new job opportunities.
Experts agree that the upcoming visit represents an opportunity to enhance Iraq’s economic standing regionally and internationally. However, its success requires following up on the implementation of any understandings and agreements that may result from it, and transforming them into tangible projects that contribute to achieving economic development, raise the level of confidence in the national economy, and support the government’s direction towards building a more diversified and stable economy. link
Tishwash: More than just protocol: Radical shifts drive Al-Zaidi's visit to Washington this month!
Introduction: Iraq stands at a new crossroads in the corridors of international diplomacy.
Visits by heads of state are often dismissed as routine protocol procedures filled with forced smiles, but Iraqi Prime Minister Ali Zaidi's visit to Washington in mid-July breaks this mold. In the aftermath of the "Iran 2026 War" and the fragility of the "Islamabad Memorandum," Zaidi carries not merely investment requests, but a "sovereignty first" doctrine. It is a bold attempt to transform Iraq from a regional arena of attrition into a "vital hub" that neither Washington nor the global economy can ignore.
First: Hunting the “Big Fish” – When bullets and money speak, al-Zaidi’s journey didn’t begin in Washington, but rather in the streets of Baghdad on the still night of the 28th of last month. That night, counterterrorism forces shattered the status quo with swift raids targeting bastions of nepotism. This wasn’t a political “show,” but the first wave of the “50 Whales” list identified by the Supreme Sovereign Council for Integrity.
The operation resulted in the arrest of 47 high-ranking officials, including parliamentarians and governors, and the seizure of large sums of cash hidden in private safes. For al-Zaydi, this move was domestic “political suicide,” but in Washington, it was a strategic “credit card”; it was the only message capable of persuading the US Treasury to lift restrictions on Iraqi banks and translate promises of integrity into concrete reality.
“Al-Zaidi’s categorical refusal of a $200 million bribe from an oil tycoon has become the ‘founding statement’ of his administration, and the moral cornerstone with which he confronts skeptics in the White House, declaring the end of the era of ‘money for silence’.”
Second: The “OPEC Surprise” – Iraq brandishes its surplus weapon in a high-stakes geopolitical poker game. Al-Zaidi holds a card that could redraw the global energy map: the threat to suspend Iraq’s membership in OPEC. This is not merely a threat to increase production; it is a carefully crafted pressure tactic to extract US recognition of the “Joint Energy and Development Fund.”
By threatening to pump 7 million barrels per day, al-Zaidi presents Washington with two equally unpalatable options: either engage in supporting the Iraqi infrastructure fund on favorable terms, or face an oil flood that could destabilize energy prices and traditional oil alliances. Al-Zaidi is not asking for aid; he is trading the stability of the global market for funding for the “new Iraq.”
Third: “Securing the Future” – Iraq as a Global Reserve Hub. After the 2026 war exposed the vulnerability of the Strait of Hormuz, al-Zaidi proposes Iraq as a “global reserve hub” for energy, representing a geopolitical “insurance policy” for the West. The race here is not only economic but also a race against time, as Turkey is pushing for a new agreement for the Nord Stream pipeline by a deadline this month.
Through the “Development Road” and the Nord Stream pipelines, al-Zaidi seeks to create a reliable overland alternative, offering the United States three strategic advantages:
Neutralizing the Strait’s vulnerability: ensuring the flow of oil away from regional maritime threats.
The return of the giants: providing security and political guarantees for American energy companies to return to work within a unified legal framework between Baghdad and Erbil.
Lasting stability: transforming Iraq from a “corridor of wars” into a “lifeline” connecting the Gulf to Europe by land.
Fourth: The Technological Fortress – Sovereignty via Starlink and Blockchain.
Al-Zaidi understands that digitally compromised sovereignty is illusory. Therefore, his visit to Washington transcends traditional arms deals, reaching into the realm of “digital sovereignty.” The move towards Starlink and American cloud providers is not merely a technological luxury, but an attempt to decouple from regional fiber optic networks vulnerable to hacking and political blackmail.
In this context, the KBR-Nebras agreements stand out as a cornerstone for building a “technological fortress.” By combining KBR’s infrastructure expertise with a blockchain-based “government contract gateway,” al-Zaidi aims to render corruption technologically impossible. Here, technology not only combats corruption through legal means, but also makes data and contract manipulation a matter of pure programming imagination.
Fifth: The “Hard Stop” Date – The Moment of Truth on September 30.
The date of September 30 remains the shadow over all discussions; it is the date of the “Hard Stop” for all armed activities outside the authority of the state. Al-Zaidi is going to Washington to forge a unique bilateral security agreement: advanced air and intelligence support, without an “army on the ground.”
This gamble represents a “moment of confrontation” with the militias. Without effective American intelligence cover, the withdrawal could be interpreted as a “retreat” that opens the door for the rearming of the factions. Al-Zaidi seeks to secure a technical and security commitment that guarantees the state remains the only force permitted to bear arms, transforming military support from a “combat presence” into a smart “intelligence partnership.”
Conclusion: Can technology outpace inertia?
Ali al-Zaidi’s trip to Washington is the most ambitious attempt yet to transform the Islamabad Memorandum from a fragile, war-imposed truce into a lasting geopolitical and economic reality. Al-Zaidi is betting that individual integrity, bolstered by digital immunity, can break the deadlock of past decades.
As he sits in the Oval Office, the philosophical question facing Iraq’s future remains: Can technology and sovereign vigilance outpace the inertia of a long history of corruption and weapons, or will the powerful find a way to circumvent even blockchain technology? Iraq’s next decade is being written now in Washington, in ink of oil, digital sovereignty, and unwavering resolve. link
Ariel: The Yen Tsunami that’s about to Crash the Old Money Game
Ariel: The Yen Tsunami that’s about to Crash the Old Money Game
7-8-2026
Operation Sand Man: The Castle On The Shoreline (What You Need To Know)
The Yen Tsunami That’s About to Crash the Old Money Game – And Why Your Grocery Bill, Gas Tank, and Retirement Dreams Are All in the Crosshairs
But Before We Begin Let’s Start Off With What Operation Sandman Is
Ariel: The Yen Tsunami that’s about to Crash the Old Money Game
7-8-2026
Operation Sand Man: The Castle On The Shoreline (What You Need To Know)
The Yen Tsunami That’s About to Crash the Old Money Game – And Why Your Grocery Bill, Gas Tank, and Retirement Dreams Are All in the Crosshairs
But Before We Begin Let’s Start Off With What Operation Sandman Is
The operation traces its roots to post-2008 financial crisis planning inside military and intelligence factions that watched the derivatives collapse nearly bring down the entire house of cards.
The trigger mechanism is coordinated BRICS+ and Global South nations simultaneously dumping U.S. dollar reserves and U.S. Treasuries in orchestrated waves. This creates a cascading liquidity crisis that forces the Federal Reserve into hyperinflationary death spirals or total loss of reserve currency status.
Parallel to this is the rollout of new trade settlement currencies backed by physical gold, oil, rare earths, and agricultural commodities. Russia, China, India, Saudi Arabia, and Brazil have been quietly building the infrastructure for years new clearing systems, gold vaults, and digital ledgers that bypass SWIFT entirely.
Now Moving On To The Main Story At Hand
For years, big players borrowed yen for peanuts, flipped it into US Treasuries, stocks, or whatever yielded more, and laughed all the way to the vault. Now? Japan’s yields are climbing like they’re late for a bullet train, making home cooking look tasty again. Institutions start repatriating that capital selling off Uncle Sam’s paper to buy their own. That’s not a gentle unwind; it’s a pressure valve popping that forces the dollar to face its weaknesses head-on.
Everyday Americans feel this in higher borrowing costs, shaky markets, and the slow erosion of purchasing power that’s already got folks stretching every paycheck. Your mortgage rate? Your kid’s student loans? They don’t exist in a vacuum this global liquidity shift tightens the screws on everything.
Let’s Connect The Dots Nobody’s Drawing In The Group Chats
Iraq gearing up for real trade with America isn’t polite diplomacy. It’s survival math. Their new PM Zaidi heading to Washington mid-July? That’s not a photo op. It’s the handshake sealing alignment on customs digitization, hydrocarbon laws, budget restructuring, and the kind of stability that lets a currency breathe without constant dollar crutches.
Citizens already ditching greenbacks for dinar on the streets? That’s grassroots voting with wallets for a system that works. A stronger, revalued dinar fits perfectly new exchange rate reflecting actual economic muscle instead of auction games.
Washington meeting locks in the US side of the deal: investment flows, tech transfers, security umbrellas. No more Iranian militia headaches derailing the vision.
Read Full Article:
https://www.patreon.com/Prolotario1/posts/operation-sand-163186688
Iraq Economic News and Points To Ponder Tuesday Evening 7-7-26
Iraq Is Moving Towards Balancing Programs With US Support And In Coordination With The World Bank.
Money and Business Economy News – Baghdad Finance Minister Faleh Sari discussed on Wednesday with the US Chargé d'Affaires to Iraq, Joshua Harris, prospects for economic cooperation between Baghdad and Washington and ways to strengthen the partnership with US financial institutions, while both sides affirmed their support for the path of economic and financial reforms.
Iraq Is Moving Towards Balancing Programs With US Support And In Coordination With The World Bank.
Money and Business Economy News – Baghdad Finance Minister Faleh Sari discussed on Wednesday with the US Chargé d'Affaires to Iraq, Joshua Harris, prospects for economic cooperation between Baghdad and Washington and ways to strengthen the partnership with US financial institutions, while both sides affirmed their support for the path of economic and financial reforms.
The Ministry of Finance said in a statement received by "Al-Eqtisad News" that the minister stressed that the government has given the economic file high priority within its program, noting that the next stage will witness reforms aimed at addressing economic and financial challenges in a radical way, and in cooperation with international partners.
The minister revealed a government trend towards preparing a program budget and gradually moving away from the traditional budget system, with the aim of raising the efficiency of spending and linking financial allocations to goals and results, in line with the requirements of financial and administrative reform.
For his part, the US Chargé d'Affaires affirmed his country's support for the Iraqi government and its readiness to enhance economic and financial cooperation, in a way that contributes to supporting stability and achieving sustainable economic growth in Iraq.
This trend coincides with what the government spokesman, Haider al-Aboudi, announced, that the Council of Ministers approved a directive to proceed with drafting a "program budget" in coordination with the World Bank and the Parliamentary Finance Committee, within the framework of economic reform. https://www.economy-news.net/content.php?id=70077
Saleh: The Funds Recovered From Corrupt Individuals Cannot Be Used To Base Budgets.
Baghdad Today - Follow-up The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Tuesday (July 7, 2026) that the funds recovered from corrupt individuals represent exceptional revenues that cannot be relied upon in preparing public budgets, while noting that these funds will contribute to reducing the deficit gap and financing projects.
Saleh said in a statement followed by “Baghdad Today”, that “the funds that were recovered from the corrupt are important and non-recurring exceptional revenues, as they cannot necessarily and permanently be relied upon in preparing the general budgets, but they constitute an important source of revenue in financial planning.”
He continued: “These funds are often directed towards bridging the deficit gap or financing specific projects that directly affect the lives of individuals, or strengthening the country’s financial reserves, and not towards building the annual budget within a long-term fiscal policy, because that is linked to the ceilings and capabilities of fiscal policy within the framework of preparing and implementing public budgets.”
He stressed that “recovering corruption funds is important because it reduces financial waste, supports the public treasury, and enhances the confidence of citizens, investors, and the international financial community in the country’s economic system,” noting that “funds recovered from corrupt individuals represent an important support tool for the national economy, but they are not necessarily a complete replacement for the general budget, as this depends on the size and ceilings of public spending.”
These moves come in parallel with the government’s efforts to reduce the fiscal deficit and diversify revenue sources away from near-total dependence on oil. https://baghdadtoday.news/302881-.html
U.S. Resumes Dollar Transfers to Iraq After Months long Suspension
The Trump administration had halted the shipments to Iraq as part of its efforts to pressure the Baghdad government to distance itself from Iran. https://www.iraq-businessnews.com/2026/07/02/u-s-resumes-dollar-transfers-to-iraq/
European Union: We Will Continue To Support Iraq In Reforming Its Banking System.
Baghdad Today - Baghdad: The European Union Ambassador to Iraq, Clemens Simetner, confirmed on Sunday (July 5, 2026) that the Union will continue to provide support to the Iraqi government through numerous programs that include combating corruption and reforming the banking system.
Simetner told the official agency, as reported by Baghdad Today, that “we saw the current government program and put alongside it what the European Union has worked on and is still working on in terms of activities, and we found a great similarity there,” explaining that “we presented projects for vocational training, reforming the banking system, providing job opportunities for small and medium enterprises, as well as efforts to combat corruption, diversify energy sources, and diversify oil products.”
He added, "These programs are being implemented and are still in place, and we are continuing to support the government through them and will continue to provide them in the future." https://baghdadtoday.news/302780-.html
Middle East: Al-Zaidi's Government Moves Towards Opening Files On Ministers, Governors, And Directors-General, While Tracking Their Money And Properties
Baghdad - One News - 7/06/2026 Middle East Monitor reported that the Iraqi government is preparing to launch the second phase of its anti-corruption campaign, in a move that expands the scope of prosecutions to include ministers, governors, directors-general, and current and former officials, while simultaneously tracking funds, real estate, and investments linked to those suspected of involvement inside and outside Iraq.
The website indicated that the new phase includes opening files in the Ministries of Health, Oil and Electricity, in addition to completing the procedures for the “Where did you get this?” bill to strengthen the prosecution of illicit enrichment; the step comes within the government’s efforts to expand accountability, recover public funds and prosecute those involved without exception. https://1news-iq.net/ميدل-إيست-حكومة-الزيدي-تمضي-نحو-فتح-ملف/
Iraq’s Cf Backs Anti-Corruption Drive
2026-07-06 Shafaq News- Baghdad Iraq’s Shiite Coordination Framework (CF), the largest bloc in Parliament, reaffirmed on Monday its support for government and judicial measures to combat corruption, protect public funds, and strengthen the rule of law, according to a statement.
During a meeting at the office of Badr Organization Secretary-General Hadi Al-Amiri, attended by Supreme Judicial Council President Faiq Zaidan and Prime Minister Ali Al-Zaidi, the CF also reviewed official and public preparations for the funeral of Iran’s late Supreme Leader Ali Khamenei, calling for broad participation in the ceremony.
As Parliament resumed sessions following its legislative recess, the bloc called for activating oversight mechanisms and accelerating the approval of key legislation.
On June 28, Iraqi authorities launched Dawn Crackdown (Sawlat Al-Fajr), a nationwide anti-corruption campaign under Al-Zaidi’s direction targeting current and former officials, lawmakers, politicians, business figures, ministers, directors-general, provincial governors, and other suspects.
On Sunday, Tasmeem Alliance head Amer Al-Fayez revealed to Shafaq News that anti-corruption efforts would be on the agenda of the CF’s regular meeting.
Read more: Iraq detains top officials in anti-corruption sweep: What we know so far
https://shafaq.com/en/Iraq/Iraq-s-CF-backs-anti-corruption-drive
In The Presence Of The Head Of The Supreme Judicial Council, Faiq Zaidan, The Coordination Framework Affirms Its Support For The Anti-Corruption Campaign And Calls On Parliament To Strengthen Its Oversight Role
Baghdad - One News - 7/06/2026 The Coordination Framework held its periodic meeting today at the office of the Secretary-General of the Badr Organization, Hadi al-Amiri, in the presence of Prime Minister Ali al-Zaidi and the President of the Supreme Judicial Council, Judge Faiq Zaidan, to discuss the latest political, security and judicial developments in the country.
According to an official statement, the attendees discussed developments on the national scene, focusing on the sustainability of the anti-corruption campaign and the mechanisms to ensure the continuation of governmental and judicial procedures aimed at pursuing corruption cases and protecting public funds.
The Coordination Framework, according to the statement, affirmed its full support for the measures taken by the government and the judiciary in combating what it described as the “corruption pandemic,” stressing the importance of continuing efforts to stop the waste of public funds and strengthen the rule of law.
The participants called on the House of Representatives to activate its oversight tools in line with the ongoing governmental and judicial steps, in addition to intensifying work on passing laws that represent a priority during the current stage, in order to support the reform process and enhance the performance of state institutions.
The meeting also addressed a number of political and organizational issues, and the coordinating framework renewed its call for broad public participation in the funeral procession of the martyr Sayyid Ali Khamenei.
The meeting comes at a time when the Iraqi scene is witnessing an escalation in the pace of the anti-corruption campaign, coinciding with political and judicial efforts aimed at strengthening coordination between state institutions and supporting measures aimed at pursuing corruption cases and recovering public funds. https://1news-iq.net/بحضور-رئيس-مجلس-القضاء-الأعلى-فائق-زيد/
Seeds of Wisdom RV and Economics Updates Tuesday Evening 7-7-26
Good Evening Dinar Recaps,
US-Iran Ceasefire Tested as Drone Attacks Hit Ships in the Strait of Hormuz
Renewed attacks on commercial vessels have heightened tensions in the Gulf, threatening fragile peace efforts and raising new concerns over global energy security and maritime trade.
Good Evening Dinar Recaps,
US-Iran Ceasefire Tested as Drone Attacks Hit Ships in the Strait of Hormuz
Renewed attacks on commercial vessels have heightened tensions in the Gulf, threatening fragile peace efforts and raising new concerns over global energy security and maritime trade.
Overview
Commercial vessels transiting the Strait of Hormuz were struck in separate attacks, prompting accusations against Iran and sharply escalating regional tensions.
The incidents place the fragile U.S.-Iran ceasefire at risk, just weeks after both sides agreed to pursue diplomatic negotiations.
Oil prices jumped immediately as traders reacted to renewed threats against one of the world's most critical energy corridors.
Key Developments
1. Commercial Ships Targeted in the Strait of Hormuz
Reports indicate that multiple commercial vessels were attacked while transiting the Strait of Hormuz, including a Qatari LNG tanker that suffered significant damage after an apparent drone strike. A Saudi-flagged crude tanker was also damaged, though no fatalities were reported.
2. U.S. Responds with Military Action
Following the attacks, U.S. Central Command announced retaliatory strikes against Iranian military targets, describing the vessel attacks as violations of the existing ceasefire agreement. The United States also revoked a conditional license that had permitted limited Iranian oil exports.
3. Oil Markets React Immediately
Brent crude and U.S. crude prices rose sharply as investors priced in renewed supply risks. Because nearly one-fifth of global oil shipments normally pass through the Strait of Hormuz, even limited disruptions can significantly affect global energy markets.
4. Shipping Security Deteriorates
Maritime security agencies raised the threat level for vessels operating in the region. Shipping companies are expected to face higher insurance costs, increased security measures, and potential route adjustments while tensions remain elevated.
5. Peace Talks Face New Uncertainty
The attacks have complicated ongoing diplomatic efforts between Washington and Tehran. Officials now face the challenge of preventing the latest violence from completely derailing negotiations aimed at restoring long-term stability in the Gulf.
Why It Matters
The Strait of Hormuz remains one of the world's most strategically important shipping lanes. Any disruption threatens global oil supplies, raises transportation costs, increases inflationary pressures, and injects new uncertainty into international financial markets. Renewed military escalation also risks delaying broader diplomatic efforts to stabilize the Middle East.
Why It Matters to Foreign Currency Holders
Currency investors continue monitoring geopolitical developments because energy prices directly influence inflation, interest-rate policy, and global capital flows. Prolonged instability in the Gulf could strengthen demand for safe-haven assets while increasing volatility across foreign exchange and commodity markets.
Implications for the Global Reset
Pillar 1 – Energy
Renewed attacks on commercial shipping demonstrate how energy security remains central to global financial stability, with oil prices responding rapidly to disruptions in critical transportation corridors.
Pillar 2 – Trade
The Strait of Hormuz is one of the world's busiest maritime trade routes. Higher shipping risks, insurance costs, and supply chain disruptions could increase global trade expenses and prolong inflationary pressures.
Closing Thought
This is not just about military escalation—it highlights how geopolitical conflict can rapidly influence global energy markets, international trade, inflation, and the stability of the world's financial system.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters – Hormuz shipping risk raised to severe after tankers hit, reviving U.S.-Iran tensions
Reuters – US military launches strikes against Iran after attacks on commercial ships
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The Strait Of Hormuz Has Reopened — Why That Might Be A Problem For The Oil Market
The Strait Of Hormuz Has Reopened — Why That Might Be A Problem For The Oil Market: Chart Of The Day
Jake Conley Yahoo Finance
As the war has wound down and the US and Iran continue ongoing negotiations, ship traffic through the Strait of Hormuz has begun to pick up, sending increasing amounts of oil to the global market that has been starved for it.
That might be a problem for the oil market, according to JPMorgan commodity strategists, led by head of commodities research Natasha Kaneva.
The Strait Of Hormuz Has Reopened — Why That Might Be A Problem For The Oil Market: Chart Of The Day
Jake Conley Yahoo Finance
As the war has wound down and the US and Iran continue ongoing negotiations, ship traffic through the Strait of Hormuz has begun to pick up, sending increasing amounts of oil to the global market that has been starved for it.
That might be a problem for the oil market, according to JPMorgan commodity strategists, led by head of commodities research Natasha Kaneva.
"Regardless of timing, one thing is certain: a wave of oil is about to enter the market," the strategists wrote. "And here lies the paradox. The surge in oil supply is about to collide with a market that, at least for now, simply does not need it."
Critically, a significant chunk of that demand destruction came — in a stunning turnaround — from China. Through 2025, China bought massive volumes of oil, far above the nation's domestic need, helping to keep a floor under prices at a time when the world faced a major oversupply glut.
China's sudden drop in imports, the strategists noted, allowed countries getting squeezed to find an international supplythey could buy to keep their economies functioning. CHART
As the war in Iran squeezed the world's supply of oil, China's imports plummeted.
Now, millions of barrels of oil locked in the Persian Gulf are flooding back into a market that has adapted, even as it loses its lead buyer. In fact, China's internal oil demand dropped so sharply during the war that officials are reportedly examining whether the change was just a temporary war-driven adaptation or a more structural shift in fossil fuel consumption throughout the country.
"The barrels now exiting Hormuz increasingly have nowhere to go except China. But China is not buying," the JPMorgan strategists wrote. "The immediate consequences are clear: the market is facing the risk of a temporary glut as trapped oil finally re-enters a system that has already spent months learning how to function without it."
That's not to say prices will plummet, the strategists cautioned. Chinese refiners are likely to reenter the market and begin buying once more, they said, and countries and private companies that emptied their stores to backfill the missing barrels will begin replenishing those stocks, buying oil off the market.
But both of those factors, the strategists wrote to clients, could take time to emerge as the market evaluates the state of supply into 2027. World oil demand is now expected to fall by 1.1 million bpd in 2026, according to the International Energy Agency, which has predicted a vast oil supply overhang into 2027.
"Much like a computer after a major crash, the oil market is attempting a system reboot," the JPMorgan strategists wrote.
"But rebooting a complex system is rarely instantaneous. Memory lingers. Processes restart unevenly. Temporary files accumulate. And before stability returns, the system must first sort through the residual chaos left behind by the shock."