Why Britain's New Marxist Leader Suddenly Loves Oil
Why Britain's New Marxist Leader Suddenly Loves Oil
Notes From the Field By James Hickman (Simon Black / Sovereign Man) July 21, 2026
On November 27th in the year 176 AD, Marcus Aurelius promoted his 15-year old biological son Commodus to be Co-emperor of Rome. Marcus Aurelius never realized it, but he was sealing Rome’s fate… and essentially marking an end to the Empire’s golden age.
Why Britain's New Marxist Leader Suddenly Loves Oil
Notes From the Field By James Hickman (Simon Black / Sovereign Man) July 21, 2026
On November 27th in the year 176 AD, Marcus Aurelius promoted his 15-year old biological son Commodus to be Co-emperor of Rome. Marcus Aurelius never realized it, but he was sealing Rome’s fate… and essentially marking an end to the Empire’s golden age.
Commodus was quite popular in his youth— reportedly handsome, athletic, and gregarious. But after Marcus Aurelius died a few years later, the popularity and support that Commodus had enjoyed for so long began to wane.
It didn’t help that he heavily debased Rome’s currency, contributing to widespread inflation and economic decline. He spent lavishly at taxpayer expense, ignored even the most basic affairs of imperial administration, and murdered his enemies.
Finally, on New Year’s Eve in 192 AD, Commodus was assassinated, kicking off a period of political instability in which five different men would sit on the throne in a single year; in fact 193 AD became known as the Year of the Five Emperors.
Eventually Rome landed on Septimius Severus, who ruled for nearly two decades with an iron fist. His reign— though stable— is regarded as one of the cruelest in Roman history. And he, too, contributed immensely to inflation and rising taxes.
His successor, Caracalla, ruled briefly and incompetently. Soon came Elagabalus— history’s first transgender emperor who promised to give away half of the empire to any physician who could turn him into a woman.
Along the way the infamous “Crisis of the Third Century” became worse and worse: migrant invasions, economic depression, hyperinflation, plague, and unprecedented political instability— including the year 238 AD in which six different men claimed the title of Emperor.
It was as if Rome lost the ability to produce a decent, capable leader anymore.
I thought of this historical lesson yesterday morning watching Andy Burnham, the former mayor of Greater Manchester, become Britain's seventh prime minister in a decade.
That’s an unprecedented level of instability for a modern, major power. Even worse, Britain’s leaders have become more incompetent over time, each one chipping away at the country’s economy and social stability.
Liz Truss lasted just 49 days, the shortest tenure of any prime minister in British history. Her plan for £45 billion in unfunded tax cuts set off a panic in the bond market, launching the pound into freefall.
And government borrowing costs spiked so violently as a result of Ms. Truss that the Bank of England had to step in to prevent British pension funds from collapsing.
Prior to Truss was Boris Johnson— a one-man scandal machine who was fined for quite hypocritically throwing big parties in Downing Street during his own COVID lockdowns.
Then came Rishi Sunak, who threw Britain's doors wide open to immigration. Sunak seemingly woke up every morning and said: Give me more Somalis. Give me more Islamic terrorists.
Along the way, Britain imported some of the worst ideas of the American Left and made them its own.
Britain is now the wokest place on the planet, and to an Orwellian standard; British police arrest people over tweets, and the England flag itself is now treated as a symbol of racism.
To cap it all off, Sunak was succeeded by Keir Starmer, probably the worst leader of a major power in modern history— and that includes Joe Biden.
When Parliament took up a national inquiry into the grooming gangs that had raped thousands of English girls over decades while local officials looked away, Starmer's party voted it down, and Starmer dismissed the calls as "the bandwagon [of] the far right."
Starmer spent his tenure finishing off the oil industry, taking the headline tax rate on North Sea producers to 78% and banning new exploration licenses.
By the time Starmer resigned last month, the UK had a tax burden heading to its highest level since records began in 1948. Borrowing costs are higher than any other major economy, with 10-year government bond yields well above those in the US, France, Germany, and Japan.
Plus, wealthy Brits are heading for the exits in record numbers after Starmer abolished the centuries-old non-dom tax regime.
Starmer was so widely despised that his own party finally threw him out. Their solution? A slightly younger, slightly less vapid version of Starmer.
His name is Andy Burnham, and all of his ideas come straight from the Communist Manifesto.
In his opening remarks as prime minister, Burnham said not one word about the national debt or Britain's borrowing costs. Nothing about the migration crisis. Nothing about justice for the grooming gang victims. Nothing about turning the economy around.
His first order of business, Burnham announced, was taking care of homeless/migrants with a new £340 million benefit program.
To his credit, Burnham has sense enough to know that he cannot throw around that kind of money without a way to pay for it. Borrowing more money is out; in fact he spent the past year complaining that Britain must get beyond "being in hock to the bond markets."
That only means one thing: higher taxes.
So, days before taking office, his team began preparing approvals for two North Sea oil and gas fields— the same ones that his own party spent years trying to shut down.
This is not because Burnham suddenly cares about energy security. He’s just looking for more money to steal.
All of those homeless migrants need handouts, so Burnham needs a new revenue stream, i.e. something else to tax.
So he’s allowing two new North Sea fields— with the existing 78% rate in place.
In short, Burnham did not decide that energy matters. He decided it hasn’t been milked entirely dry yet.
This is a cannibalist mentality. Britain is sliding into its own Crisis of the 21st Century, and the "conservative" politicians who presided over the first half of the decline were anything but. Starmer and now Burnham are straight-up Marxists.
We wrote about Argentina just yesterday, where nearly every asset in the country is surging. It’s not hard to understand why: Argentina hit rock bottom, threw out the people who destroyed the country, and started climbing under new leadership.
Britain can reverse its fortunes the same way. Unfortunately, it is probably going to have to hit rock bottom first. And we can already see the shape of how this ends.
First the money will run out, the benefits will be cut, and the people who came for free stuff will go home.
Then, with markets in the dumps, this highly educated and productive country will eventually reverse all of its idiotic policies from the past and one day become among the most interesting places in the world to invest.
There’s an old saying credited to a Rothschild about investing when there’s “blood in the streets.” He may turn out to be right. But he probably wasn't picturing London when he said it.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Seeds of Wisdom RV and Economics Updates Tuesday Evening 7-21-26
Good Evening Dinar Recaps,
Washington, Frankfurt, and the IMF Signal Cautious Path as Central Banks Balance Inflation and Global Risks
Central banks are increasingly emphasizing financial stability, inflation control, and policy credibility as geopolitical tensions reshape the global economy and influence future monetary decisions.
Good Evening Dinar Recaps,
Washington, Frankfurt, and the IMF Signal Cautious Path as Central Banks Balance Inflation and Global Risks
Central banks are increasingly emphasizing financial stability, inflation control, and policy credibility as geopolitical tensions reshape the global economy and influence future monetary decisions.
Overview
Major central banks continue to prioritize inflation control despite heightened geopolitical uncertainty and energy market volatility.
The IMF is urging governments to maintain credible fiscal and monetary policies as the global economy navigates repeated external shocks.
Markets are increasingly focused on interest-rate expectations, recognizing that monetary policy remains a key driver of global financial stability.
Key Developments
1. Central Banks Maintain a Cautious Policy Stance
The European Central Bank (ECB) is expected to keep interest rates steady while closely monitoring the effects of higher energy prices stemming from Middle East tensions. Policymakers remain cautious as inflation risks persist despite recent moderation in price pressures.
2. IMF Calls for Credible Monetary Policy
The International Monetary Fund warned that today's economic environment requires governments to maintain price stability, sound fiscal policy, and financial credibility. IMF officials noted that repeated global shocks—including inflation, geopolitical conflict, debt pressures, and technological change—have made economic forecasting increasingly difficult.
3. Energy Risks Continue to Influence Inflation
Although oil prices have eased from recent highs, policymakers remain concerned that prolonged disruptions to global energy supplies could create secondary inflation effects, particularly through transportation, manufacturing, fertilizer production, and food prices.
4. Financial Stability Remains the Primary Objective
Central banks are balancing the need to support economic growth while ensuring inflation expectations remain anchored. Officials continue to stress that maintaining confidence in monetary policy is essential as governments navigate an increasingly uncertain global environment.
Why It Matters
Interest-rate policy influences nearly every sector of the global economy—from government borrowing and banking to mortgages, business investment, and international capital flows. Decisions made by major central banks help determine the direction of global liquidity and financial stability.
Why It Matters to Foreign Currency Holders
For foreign currency holders, monetary policy remains one of the most important long-term drivers of currency values. Stable inflation, credible central banks, and disciplined fiscal policies contribute to stronger confidence in national currencies and the broader international monetary system.
Implications for the Global Reset
Pillar 1: Debt
Higher interest rates increase borrowing costs for governments, businesses, and consumers while influencing global debt sustainability and fiscal policy.
Pillar 2: Trade
Inflation, energy prices, and monetary policy directly affect international trade, investment flows, and global economic growth.
Future Outlook
Markets will closely monitor upcoming policy meetings from major central banks, along with new inflation and employment data that could influence future interest-rate decisions. Continued geopolitical uncertainty—particularly surrounding energy supplies—will remain a significant factor shaping monetary policy in the months ahead.
As governments adapt to a world characterized by higher debt levels, technological transformation, and shifting geopolitical alliances, central bank credibility will remain one of the most important anchors supporting the global financial system.
This is not simply about interest rates—it reflects the broader transformation of the global financial system as central banks balance inflation, financial stability, and geopolitical uncertainty in an increasingly interconnected world.
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Iraq Economic News and Points To Ponder Tuesday Evening 7-21-26
Sudani Referred 38,000 Reports To The Integrity Commission And Five Ministers To The Judiciary. The Ministry Of Reconstruction And Development Stated That Al-Zidi Possesses A Broader Political Mandate For Dismissal And Accountability
latest newsTuesday,July 21, 2026Baghdad - One News - 7/21/2026 The Reconstruction and Development Coalition highlighted what it described as the difference in the political environment in which the previous and current governments operated, considering that the executive authority’s ability to proceed with anti-corruption files is not only related to legal procedures, but also to the extent of the political cover available for making decisions on dismissal and accountability.
Sudani Referred 38,000 Reports To The Integrity Commission And Five Ministers To The Judiciary. The Ministry Of Reconstruction And Development Stated That Al-Zidi Possesses A Broader Political Mandate For Dismissal And Accountability
latest newsTuesday,July 21, 2026Baghdad - One News - 7/21/2026 The Reconstruction and Development Coalition highlighted what it described as the difference in the political environment in which the previous and current governments operated, considering that the executive authority’s ability to proceed with anti-corruption files is not only related to legal procedures, but also to the extent of the political cover available for making decisions on dismissal and accountability.
Coalition spokesman Firas al-Muslawi said that former Prime Minister Mohammed Shia al-Sudani referred about 38,000 reports to the Integrity Commission, and also referred five ministers from his government to the judiciary, as part of measures aimed at pursuing corruption cases and subjecting them to the judicial process.
Al-Muslawi believed that these measures were implemented under a complex political equation that, as he described it, prevented the Sudanese government from having sufficient political cover to make decisions to dismiss ministers or expand the scope of accountability within the ministerial formation, despite proceeding to refer a number of files to regulatory and judicial authorities.
In contrast, he argued that Prime Minister Ali al-Zaidi’s government operates in different political circumstances, explaining that it enjoys a mandate and political support that give it more room to make direct executive decisions, including dismissing ministers or referring them to the judiciary whenever legal justifications are available.
He pointed out that this political cover gives the current government greater ability to turn the anti-corruption slogan into executive measures, away from the constraints that political balances imposed on previous governments, thus allowing it to proceed with holding officials accountable, regardless of their positions, in accordance with legal and constitutional frameworks.
Al-Muslawi's statements come at a time when the current government is continuing its anti-corruption campaign, which has included opening investigation files, referring officials to the judiciary, and taking measures that the government says aim to establish the principle of no impunity and enhance public confidence in state institutions.
https://1news-iq.net/السوداني-أحال-38-ألف-بلاغ-إلى-النزاهة-و5-و/
Al-Moussawi: The 2027 Budget Will Take Into Account Reducing The Deficit And Maximizing Revenues.
Today 13:35 1 Share The Information Agency / Baghdad...MP Ahmed al-Moussawi revealed today, Tuesday, the fate of the 2026 budget, confirming that the Parliament will vote on the schedules for the remainder of the current year, while the 2027 budget will be voted on at the beginning of next year.
Al-Moussawi told the Information Agency, “The current fiscal year is nearing its end, and therefore the Parliament will vote on the schedules for the remaining period of the 2026 budget.”
He added, "The 2027 budget will be voted on at the beginning of next year in accordance with the financial and economic requirements of the next phase."
He pointed out that "the government and the Finance Committee will focus, during the preparation of the 2027 budget, on maximizing non-oil revenues and reducing the size of the budget deficit in light of the economic conditions the country is experiencing and the tensions in the Middle East region that are affecting the economic and financial situation." End/25
Parliamentary Finance Committee: The Value Of The Dollar Will Decrease Further.
Economy | 20/07/2026 Mawazin News - Economy The Parliamentary Finance Committee confirmed on Monday that the value of the dollar will decrease further.
Committee Chairman Uday Awad stated in a statement reported by Mawazin News that "lifting sanctions on a number of banks will affect the dollar's price, its flow, and the parallel market," explaining that "this measure will benefit the Iraqi market."
He added that "this will reduce the dollar's value," noting that "we will host the Central Bank Governor in the committee to clarify the vision and mechanisms he will adopt regarding this matter."
He mentioned that "banks will resume dealing in dollars."
Regarding the budget, Awad indicated that "the government has begun preparing the 2027 budget, which will reach Parliament in October," pointing out that "the budget will be approved before the end of the year." https://mawazin.net/Details.aspx?jimare=286585
The Parliamentary Finance Committee Intends To Host The Governor Of The Central Bank.
The Finance Committee in the House of Representatives revealed on Tuesday its intention to host the Governor of the Central Bank of Iraq to discuss the most prominent issues related to monetary policy and financial stability, as part of its oversight efforts to monitor the performance of financial institutions.
The head of the parliamentary finance committee, Uday Awad, told the official newspaper, as reported by Al-Sa’a Network, that “the committee has sent an official invitation to the governor of the Central Bank to attend a specialized hosting session to discuss the most prominent issues related to monetary policy and financial stability.”
He explained that "the hosting session will address the Central Bank's directions regarding monetary policy during the coming years in light of geopolitical and economic changes, in addition to discussing the reality of developing the banking sector and the stages of implementing international agreements, especially the (Oliver Wyman) project, and its implications for supporting monetary and financial stability and the national economy."
Awad added that "the committee will also examine the Central Bank's final accounts for the fiscal year ending December 31, 2025, and assess their contribution to achieving financial and economic sustainability and strengthening the country's monetary reserves."
He stressed that "the Finance Committee is proceeding with activating its oversight role by hosting executive officials and monitoring the performance of economic and financial institutions, which contributes to strengthening coordination between the legislative and executive authorities, supporting financial stability and protecting the national economy."
https://alssaa.com/post/show/56840-المالية-النيابية-تعتزم-استضافة-محافظ-البنك-المركزي
Central Bank Of Iraq Outlines Roadmap To Reduce Cash Reliance And Expand Digital Services
Mohammed Jangadost The Central Bank of Iraq (CBI) held an expanded meeting on Tuesday with licensed electronic payment providers to accelerate the nation’s digital financial transformation, strengthen financial inclusion, and curb card misuse.
Chaired by CBI Governor Nizar Nasser Hussein, the meeting centered on executing the regulator’s strategic roadmap to modernize Iraq’s payment ecosystem and transition away from a cash-heavy economy.
Addressing representatives from the sector, Al-Alaq stated that the upcoming phase demands a noticeable increase in service quality, efficiency, and system reliability to build public trust in digital transactions.
Key Objectives and Strategic Focus
During the session, the central bank outlined several operational and regulatory priorities:
Compliance with Global Standards: The CBI urged payment firms to adhere strictly to international frameworks, particularly regarding cross-border financial transactions. Compliance is expected to enable higher card transaction limits and facilitate the rollout of new financial products.
Countering Card Misuse: Regulators and payment companies discussed joint enforcement procedures to prevent card misuse and enhance payment network security.
Expanding Acceptance Networks: Al-Alaq called on providers to expand POS (Point-of-Sale) acceptance networks, streamline digital collection processes, and deepen integration with licensed commercial banks.
The initiative comes as part of broader government efforts to modernize the national economy, reduce cash dependency, and implement modern financial infrastructure across both the public and private sectors. https://channel8.com/english/news/61771
Every Asset In Argentina Is Surging Higher... Except The Apartments
Every Asset In Argentina Is Surging Higher... Except The Apartments
Notes From the field By James Hickman (Simon Black / Sovereign Man) July 20, 2026
If you have a budget of $179,000 to spend on real estate in the United States, I hope you like renovated sheds. Or a six-hour drive to the nearest airport.
But right now, $179,000 buys a typical three-room apartment in Buenos Aires, the "Paris of South America" (minus the Islamic terrorists).
Every Asset In Argentina Is Surging Higher... Except The Apartments
Notes From the field By James Hickman (Simon Black / Sovereign Man) July 20, 2026
If you have a budget of $179,000 to spend on real estate in the United States, I hope you like renovated sheds. Or a six-hour drive to the nearest airport.
But right now, $179,000 buys a typical three-room apartment in Buenos Aires, the "Paris of South America" (minus the Islamic terrorists).
Studio apartments in Argentina's capital are going for $108,000. All of it is quoted and paid in US dollars, because Argentina's property market gave up on their local currency for real estate transactions a long time ago.
But this is arguably the last cheap sector of Argentina. Prices of every other asset have gone up dramatically thanks to country’s general economic recovery; ever since President Milei was elected, he has slashed government spending and delivered the country's first budget surplus in over a decade. The stock market has surged. Every asset is up. Except for apartments.
Remember, a century ago, Argentina was one of the ten richest countries in the world; its people were better off per capita than the French or Germans.
Then came Juan Perón. Elected in 1946, he nationalized everything— railways, utilities, etc. He regulated wages and prices. It was full-blown command socialism.
Perón was thrown out in 1955, but the machine he built outlived him by seventy years. He had created a permanent bloc of voters— paid by the state— and every government that tried to cut spending found out it could not survive doing so. So they printed money instead.
That is where the price controls, the capital controls, the repeated defaults, and the chronic inflation all came from.
Milei took office at the end of 2023 and started taking the machine apart. He cut the number of federal ministries in half and fired tens of thousands of government employees. He scrapped the price controls and stopped the central bank from printing money to cover the government's bills.
It hurt. Poverty jumped before it came down, and real wages fell before they recovered.
The month Milei took office, prices rose 25.5%. That was the MONTHLY inflation figure, not the annual one. By June 2026, monthly inflation was down to 1.9%.
To be clear, that is still astronomical by North American or European standards. Argentina is still a high-inflation country. But they’ve come a long way in bringing inflation down, and the country is no longer collapsing. There’s clearly a light at the end of the tunnel.
And it got there using the same playbook every country that climbed out of a hole this deep has run.
For example, in 1965 Singapore was an impoverished backwater with no resources and a third of its population squatting in slums. Lee Kuan Yew cut the tariffs, kept taxes low, and threw the doors open to foreign companies. Today Singapore produces more than $90,000 per person— more than the United States.
No country is permanently rich, and no country is permanently poor. For the first time in a very long time, Argentina is heading the right direction.
Foreign capital has noticed. Under a new incentive regime, companies have launched roughly $95 billion of projects. The state oil company YPF filed a $25 billion shale development in Vaca Muerta in May, and Chevron committed more than $10 billion to the same basin.
Companies do not pour concrete and steel into countries they expect to collapse.
The financial markets repriced accordingly. Argentine stocks have run hard, and the main US-listed Argentina fund is up more than 230% over five years.
After a run like that, you could argue the stocks are no longer even cheap. Even the bonds have moved: the extra interest Argentina must pay to borrow compared to US government bonds fell in July to its lowest level in eight years.
Which brings us back to that $179,000. The citywide Buenos Aires apartment index rose just 1.6% over the past twelve months. And that’s in US dollars.
In other words, every asset in Argentina has repriced, but the apartments aren’t even keeping pace with inflation.
The reason is credit, or rather the total absence of it; nine out of ten home purchases in Buenos Aires are paid in cash, without a mortgage.
And prices settle at whatever buyers can pay in cash.
The same condition holds across much of Latin America, and Colombia shows where it leads. Only around 3% of Colombian adults carry a mortgage, so prices sat at cash levels there too.
Then foreigners discovered Medellín. Buyers from North America and Europe arrived with money and bought apartments that looked absurdly cheap to them. In El Poblado, the neighborhood the expats favor, prices have jumped 66% in three years.
We think the same thing is going to happen in Argentina, with a bigger catalyst behind it, because the country is becoming an investment destination and an expat destination at once. It happened in Medellín, Mexico City, and other places in Latin America. It’s basic supply and demand.
There is still risk— Argentines vote again on October 24, 2027... so if Milei’s political movement collapses, the country could return to its old ways. But that’s pretty much the same anywhere. Every country carries risk.
For example, I doubt anyone is rushing to buy British assets right now. Britain's finances and politics have genuinely deteriorated, and its government now pays close to 6% to borrow money, the most since 1998.
Now that Marxist Andy Burnham has taken over as Prime Minister as of this morning, the situation will likely get worse before it gets better. At some point Britain will get cheap enough that its stocks and bonds become attractive again. But today is not that day.
And American assets are no automatic refuge either. Just wait and see what happens if Gavin Newsom gets the chance to do to the whole country what he did to California.
Argentina, at least, pays you to take its risk. The apartments are cheap, and the catalyst pushing them up is already arriving.
It is also a serious Plan B destination. Living there costs roughly half of what it does in the United States, and it draws far fewer foreigners than the places everyone has already found.
Our flagship service, Plan B Confidential, just published a full report on Argentine real estate, covering which neighborhoods hold their value, how to move money in and out, and where residency and citizenship stand.
Dr. Scott Young: The Dollar is Collapsing, here’s the Proof. Why is the Treasury bringing out a new $100 Bill right now?
Dr. Scott Young: The Dollar is Collapsing, here’s the Proof. Why is the Treasury bringing out a new $100 Bill right now?
7-21-2026
The global financial system is standing on a precipice. For decades, the world has operated on a system of “fiat” money—currency backed by nothing more than government promises and public trust. But as inflation climbs, national debt skyrockets, and geopolitical alliances shift, that trust is rapidly eroding.
In a recent eye-opening video, financial analyst and commentator Dr. Scott Young took a deep dive into the current turmoil brewing within the U.S. Treasury.
Dr. Scott Young: The Dollar is Collapsing, here’s the Proof. Why is the Treasury bringing out a new $100 Bill right now?
7-21-2026
The global financial system is standing on a precipice. For decades, the world has operated on a system of “fiat” money—currency backed by nothing more than government promises and public trust. But as inflation climbs, national debt skyrockets, and geopolitical alliances shift, that trust is rapidly eroding.
In a recent eye-opening video, financial analyst and commentator Dr. Scott Young took a deep dive into the current turmoil brewing within the U.S. Treasury. From the mystery surrounding Fort Knox to the whispers of a new gold-backed currency initiative, Dr. Young paints a compelling picture of a monetary system in transition.
Are we witnessing the death throes of the U.S. Dollar as we know it? And more importantly, how can everyday people survive—and thrive—during the transition? Let’s explore the critical insights from Dr. Scott Young’s analysis.
To understand where the global economy is going, we must first understand how we got here. Money was not always an abstract concept printed out of thin air.
The Gold and Silver Standards: For the majority of American history, the U.S. Dollar was directly tied to tangible wealth. Under the gold and silver standards, paper bills were simply “certificates of deposit” representing physical metal held in safekeeping. You could walk into a bank, hand over a paper bill, and walk out with physical gold or silver coin.
The 1971 Nixon Shock: This all changed on August 15, 1971, when President Richard Nixon unilaterally ended the convertibility of the U.S. Dollar into gold. This temporarily suspended the Bretton Woods system, ushering in the era of pure fiat currency.
Historically, every fiat currency in human history has eventually failed, usually due to hyperinflation caused by governments printing too much money. Dr. Scott Young argues that the U.S. Dollar is rapidly approaching this inevitable historical d**d-end.
If the world is to transition back to a gold-backed economic system, a critical question must be answered: Where is the gold?
Without absolute transparency, the integrity of the U.S. Treasury’s reserves remains a massive question mark. If a new gold-backed system is on the horizon, proving the existence of these physical reserves will be the first step in restoring global trust.
One of the most fascinating aspects of Dr. Young’s analysis is the changing dynamic between the U.S. Treasury and the Federal Reserve.
While many believe they are the same entity, they are vastly different. The Federal Reserve is a private banking cartel, while the Treasury is a department of the federal government. For decades, the Fed has held the reins of monetary policy. However, Dr. Young highlights several unusual anomalies pointing to a potential power shift:
Dr. Young critiques highly confusing and contradictory statements from Treasury officials regarding upcoming currency designs. Most notably, rumors and official hints have circulated regarding new currency prints featuring President Donald Trump’s signature—a highly irregular occurrence that defies traditional bipartisan presidential decorum.
Historically, the Fed dictates monetary policy, and the Treasury simply prints the bills. However, recent administrative moves suggest the Treasury may be asserting authority over the Federal Reserve. Could this be a controlled demolition of the Fed’s private banking system to make way for a state-controlled, asset-backed alternative?
As the fiat system crumbles, what will replace it? Dr. Young points to two major pillars of the future economy: Asset-backing and Blockchain technology.
There are growing murmurs of a new currency initiative designed to bypass the debt-laden Federal Reserve Note. This new system would be anchored to commodities—specifically gold and silver—to immediately establish trust and halt the devastating effects of inflation.
One of the greatest drivers of the current economic crisis is unchecked, untraceable government spending. Dr. Young touches on a revolutionary solution: migrating federal spending to a public blockchain ledger.
If a systemic reset is imminent, holding your wealth entirely in fiat currency (cash in the bank, traditional savings accounts, or digital dollar investments) presents a massive risk. When fiat money collapses, its purchasing power vanishes.
Dr. Scott Young strongly urges viewers to take matters into their own hands by diversifying into precious metals.
By acquiring physical gold and silver, you are not just buying “commodities”—you are purchasing financial insurance against the collapse of a volatile monetary system.
We are living through a historic economic transition. The decisions made by the U.S. Treasury and the Federal Reserve over the coming months will shape the financial reality for generations to come.
Are you prepared for the end of the fiat era?
Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 7-21-26
Good Afternoon Dinar Recaps,
Washington Advances CLARITY Act as U.S. Moves Toward a Clear Digital Asset Framework
Bipartisan Senate action marks a significant step toward establishing long-awaited rules for digital assets, strengthening the foundation for institutional adoption and future financial innovation
Good Afternoon Dinar Recaps,
Washington Advances CLARITY Act as U.S. Moves Toward a Clear Digital Asset Framework
Bipartisan Senate action marks a significant step toward establishing long-awaited rules for digital assets, strengthening the foundation for institutional adoption and future financial innovation.
Overview
The U.S. Senate Banking Committee approved the CLARITY Act with bipartisan support, advancing one of the most significant digital asset regulatory bills in years.
The legislation would divide oversight between the SEC and CFTC, providing clearer regulatory authority over cryptocurrencies and digital assets.
Greater regulatory certainty could encourage broader institutional participation while supporting the continued modernization of the U.S. financial system.
Key Developments
1. Senate Banking Committee Advances the CLARITY Act
The Senate Banking Committee approved the Digital Asset Market Clarity (CLARITY) Act by a bipartisan 15–9 vote, representing one of the strongest congressional efforts yet to establish a comprehensive regulatory framework for digital assets.
If enacted, the legislation would provide long-awaited legal certainty for cryptocurrency markets that have operated under overlapping regulatory interpretations for years.
2. SEC and CFTC Responsibilities Become More Clearly Defined
A central feature of the legislation is the creation of a clear division of regulatory authority between the nation's two primary financial regulators.
Under the proposal:
The Commodity Futures Trading Commission (CFTC) would oversee digital assets classified as commodities.
The Securities and Exchange Commission (SEC) would retain jurisdiction over digital assets determined to be securities.
Supporters argue that clearly defining these responsibilities would reduce regulatory uncertainty while encouraging innovation and investment.
3. Digital Asset Industry Continues to Mature
The legislation also includes provisions addressing market oversight, decentralized finance (DeFi), investor protections, sanctions compliance, and public official disclosure requirements.
Separate legislation covering stablecoins continues to move through Congress, while lawmakers are also considering tax reforms affecting cryptocurrency mining and staking.
Together, these efforts represent one of the most comprehensive attempts yet to modernize U.S. digital asset regulation.
4. Institutional Adoption Could Accelerate
Markets responded positively following committee approval, with Bitcoin rising above $82,000 before settling lower.
Many institutional investors have cited regulatory uncertainty as one of the primary barriers to expanding digital asset exposure. A clearer legal framework could encourage additional participation from banks, investment firms, payment companies, and financial institutions.
Why It Matters
The CLARITY Act represents an important milestone in the ongoing evolution of the U.S. financial system. Rather than determining whether digital assets should exist, policymakers are increasingly focused on how they will operate within the existing regulatory framework.
Clear rules may help reduce uncertainty while supporting innovation, investment, and broader integration between traditional finance and blockchain-based financial infrastructure.
Why It Matters to Foreign Currency Holders
For foreign currency holders, the legislation reflects continued modernization of the global financial system rather than an immediate change in currency values. As digital asset regulations become more standardized, blockchain-based payment systems, tokenized assets, and regulated stablecoins could play a larger role in international finance and cross-border transactions.
Implications for the Global Reset
Pillar 2: Trade
Clear digital asset regulations could improve the efficiency of cross-border payments and international financial transactions, supporting the continued evolution of global commerce.
Pillar 4: Technology
The CLARITY Act strengthens the regulatory foundation for digital assets, blockchain infrastructure, tokenization, and future financial innovation, helping integrate emerging technologies into the broader financial system.
Future Outlook
The CLARITY Act now advances toward additional consideration in the Senate, where lawmakers will continue debating issues surrounding decentralized finance, stablecoins, taxation, and market oversight.
If ultimately enacted, the legislation would establish one of the most comprehensive regulatory frameworks for digital assets in the United States, potentially encouraging greater institutional investment while providing clearer rules for market participants. Combined with recent stablecoin legislation and ongoing tokenization initiatives, the bill signals continued movement toward a more digitally integrated financial system.
This is not simply about cryptocurrency regulation—it reflects the broader transformation of the global financial system as governments establish the legal framework for digital assets, tokenized finance, and the next generation of international markets.
Seeds of Wisdom Team
Newshounds News™ Exclusive
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Iraq Economic News and Points To Ponder Tuesday Afternoon 7-21-26
Hormuz Tensions Push India To Cancel Iraqi Oil Cargoes
2026-07-21 08:38 Shafaq News- Baghdad State-owned Indian Oil Corp. on Tuesday canceled plans to load two million barrels of Iraqi crude from the Basra terminal onto the crude carrier (VLCC) Lila Jamnagar around July 23 because of security concerns in the Strait of Hormuz.
Hormuz Tensions Push India To Cancel Iraqi Oil Cargoes
2026-07-21 08:38 Shafaq News- Baghdad State-owned Indian Oil Corp. on Tuesday canceled plans to load two million barrels of Iraqi crude from the Basra terminal onto the crude carrier (VLCC) Lila Jamnagar around July 23 because of security concerns in the Strait of Hormuz.
Quoting three sources, Reuters said another state-run refiner, Mangalore Refinery and Petrochemicals Ltd. (MRPL), also deferred loading an Iraqi oil cargo aboard the Indian-flagged tanker Desh Gaurav.
New Delhi has advised shipowners, vessel operators, and crewing companies not to deploy Indian seafarers aboard ships transiting Hormuz following the resumption of hostilities in the region.
During the first round of fighting between the US and Iran, from Feb. 28 to April 8, India slashed crude oil imports from Iraq by about 84% after disruptions in the Strait of Hormuz hit shipping.
https://www.shafaq.com/en/Economy/Hormuz-tensions-push-India-to-cancel-Iraqi-oil-cargoes
Chinese Exports To Iraq Fall 42% In H1 2026
2026-07-21 05:05 Shafaq News- Baghdad Chinese exports to Iraq totaled $5.18 billion in the first half of 2026, down 41.7% from $8.89 billion in the same period last year, according to a report released on Tuesday by the Iraq Future Foundation for Economic Studies and Consultancy.
The report showed lower imports of air conditioners, consumer electronics and mobile phones, which had previously ranked among Iraq's leading imports from China.
Manar Al-Obaidi, head of the foundation, attributed the decline to higher customs tariffs on those products, which he said had risen to 33%, as well as supply-chain disruptions and shipping delays linked to instability in the Strait of Hormuz.
In contrast, imports of Chinese vehicles increased to $275 million in the first half of 2026 from $243 million a year earlier.
https://www.shafaq.com/en/Economy/Chinese-exports-to-Iraq-fall-42-in-H1-2026
Gold Edges Higher On Iran Ceasefire Proposal
2026-07-21 02:23 Shafaq News Gold prices rose more than 1% on Tuesday as investors weighed diplomatic efforts to ease the U.S.-Iran conflict, which could temper oil-driven inflation risks and influence the U.S. Federal Reserve's interest rate path.
Spot gold rose 1.2% to $4,054.24 per ounce as of 0529 GMT. U.S. gold futures for August delivery were up 1.1% at $4,059.10.
"It looks like gold is trying to find a base somewhere around this ($4,000) level and is going to try to re-engage the upside from there," said Ilya Spivak, head of global macro at Tastylive.
"These headlines from the Middle East seem to have some degree of knock-on, though it is increasingly only being paid attention to in a passing kind of way."
Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen's Houthis.
A senior Iranian official told Reuters on Monday that Tehran had received a proposal from mediators for a 10-day ceasefire in efforts to salvage the interim deal, intended to pave the way to a lasting agreement to end the war.
The recent escalation in the conflict drove oil prices to more than a one-month high on Monday, with a growing chorus of U.S. policymakers arguing interest rates may need to rise to beat back persistent inflation.
High interest rates increase the opportunity cost of holding non-yielding bullion.
While the Federal Reserve is widely expected to keep interest rates unchanged at next week's meeting, traders are currently pricing a 64% chance of a rate hike in September, according to the CME FedWatch Tool. FEDWATCH
Spot silver gained 2.8% to $57.99 per ounce, platinum was up 1% at $1,610.06 and palladium rose 1.2% to $1,267.68. (Reuters)
https://www.shafaq.com/en/Economy/Gold-edges-higher-on-Iran-ceasefire-proposal
Iraq Stock Exchange Logs $290M+ In Trading In H1 2026
2026-07-21 07:38 Shafaq News- Baghdad The Iraq Stock Exchange (ISX) on Tuesday recorded trading worth 390.35 billion Iraqi dinars ($296.67M) during the first half of 2026, with 389.46 billion shares changing hands across 112 sessions.
Shares in 90 of the exchange’s 120 listed companies were traded through 119,375 transactions carried out by 37 brokerage firms using the electronic trading system.
The ISX60 index ended the first half at 1,019.39 points, marking a 5.56% increase from a year earlier, while the ISX15 finished at 1,273.79 points, up 16.52% over the same period.
Twenty-two listed companies saw no trading activity, while eight others remained suspended throughout the period.
https://www.shafaq.com/en/Economy/Iraq-Stock-Exchange-logs-290M-in-trading-in-H1-2026
China Delivers First Batch To Iraq's Maritime Fleet
2026-07-21 09:45 Shafaq News- Basra Iraq's General Company for Maritime Transport, based in Basra, took preliminary delivery of 15 modern marine boats and three passenger ferries, the company's director said on Tuesday.
According to Ahmad Jassem, the new ferries will operate passenger routes between Iraq and Gulf countries, helping boost travel, trade, and tourism while opening new opportunities for regional cooperation in maritime transport.
https://www.shafaq.com/en/Economy/China-delivers-first-batch-to-Iraq-s-maritime-fleet
Rice Leads India's $545M Exports To Iraq In Q1
2026-07-21 13:25 Shafaq News- Baghdad India exported goods worth $545 million to Iraq during the first quarter of 2026, India's Directorate General of Commercial Intelligence and Statistics said on Tuesday.
Data showed that rice topped India's exports to Iraq at $169 million, followed by frozen beef at $60 million and petroleum oils and related products at $50 million. Other major exports included bananas worth $46 million, pharmaceuticals at $25 million, large-diameter steel pipes at $20 million, ceramic tiles at $16 million, and tea at $13 million.
The directorate also reported that sunflower seed oil shipments reached $6.1 million, while exports of passenger vehicles totaled $5.9 million during the same period.
According to InfoFlix data in January, Iraq ranked as India's seventh-largest trading partner, with bilateral trade totaling $33.3 billion.
https://www.shafaq.com/en/Economy/Rice-leads-India-s-545M-exports-to-Iraq-in-Q1
What Happens to Your Debt in a RESET?
What Happens to Your Debt in a RESET?
Taylor Kenny: 7-21-2026
Most people assume their mortgage, retirement account, and financial contracts will work exactly the way they do today. ITM Trading Senior Analyst Keely Caul says that's a dangerous assumption.
Drawing on years in banking, finance, and loan auditing, she joins Taylor Kenney to expose the hidden clauses most people never read, explain how the rules have changed during past financial crises, and reveal why understanding what you actually own could matter far more than most people realize.
What Happens to Your Debt in a RESET?
Taylor Kenny: 7-21-2026
Most people assume their mortgage, retirement account, and financial contracts will work exactly the way they do today. ITM Trading Senior Analyst Keely Caul says that's a dangerous assumption.
Drawing on years in banking, finance, and loan auditing, she joins Taylor Kenney to expose the hidden clauses most people never read, explain how the rules have changed during past financial crises, and reveal why understanding what you actually own could matter far more than most people realize.
CHAPTERS:
00:00 What a Monetary Reset Really Means
03:07 The Monetary Reset Has Already Begun
06:18 Digital Money, Surveillance, and Control
09:08 Will Your Debt Disappear in a Reset?
11:04 What Did You Actually Sign?
14:07 Mortgage Default and Acceleration Clauses
17:28 What Keely Saw Before the 2008 Crisis
31:15 Should You Pay Off All Your Debt?
33:37 Argentina’s Mortgage Reset Warning
43:09 Gold vs. Silver During a Monetary Crisis
48:47 What Happens When Banks Fail?
50:28 How to Prepare for a Monetary Reset
News, Rumors and Opinions Tuesday 7-21-2026
Ariel: The Iraqi Dinar Stability Architecture
7-21-2026
The Iraqi Dinar Stability Architecture: Moving To A Market Economy
We Have Some Major Points To Cover Today
The Central Bank of Iraq under Governor Nizar Nasser Hussein has locked the operational conditions for a controlled upward shift in dinar value. Strengthened monetary defenses plus phased restoration of correspondent banking access equal the precise dual mechanism required.
Ariel: The Iraqi Dinar Stability Architecture
7-21-2026
The Iraqi Dinar Stability Architecture: Moving To A Market Economy
We Have Some Major Points To Cover Today
The Central Bank of Iraq under Governor Nizar Nasser Hussein has locked the operational conditions for a controlled upward shift in dinar value. Strengthened monetary defenses plus phased restoration of correspondent banking access equal the precise dual mechanism required.
Stability buys the CBI time and reserves firepower. Expanded rails (non-USD first, then full dollar clearing) inject real foreign capital and trade volume that generate organic demand for IQD.
This is not abstract theory. This is the live engineering now in motion following the July 2026 US Treasury framework and the multi-phase banking reform completed under Oliver Wyman and Ernst & Young guidance. Let’s go deeper into this reform phase.
Let’s Discuss How They Are Shaping The Reforms
Phase 1 completion: All 60+ private banks completed the forced choice comply (raise capital to 400 billion IQD minimum), merge, or exit. Only a handful exited. Majority are in compliance or merger tracks. Oliver Wyman handled private-bank side; Ernst & Young handled public-bank restructuring. Capital raise from previous 250 billion IQD floor is live.
Phase 2 acceleration (July 2026 live): AML/CFT frameworks, governance upgrades, risk management, and digital audit trails. Cashless mandate for government institutions took full effect early July 2026. Electronic payment card spending limits raised for registered companies. Joint CBI–Federal Integrity Commission AML unit activated 2 July 2026 with real-time data exchange specifically to choke dollar smuggling channels.
Read Full Article:
https://www.patreon.com/Prolotario1/posts/iraqi-dinar-to-164381262
https://dinarchronicles.com/2026/07/20/prolotario-the-iraqi-dinar-stability-architecture/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff The news is phenomenal. What all the news boiled down to was positioning of the money. That's why Iraq put such a massive emphasis on signings MOU's, oil revenue, all that. They needed the money to move forward. That's what they did. Now that the money is positioned they can now move forward on completing their cabinet, changing the rate and launching the economy, getting back on the world stage. Everything can happen now.
Stephen Summarizing al-Zaidi's visit to Washington last week...It was a much more eye opening week than I think anyone anticipated. I thought it was going to be more ceremonial, him and President Trump in the Oval Office taking some questions and that was essentially going to be what we were going to see... So much was communicated to the public. We heard about a bunch of deals...He was getting stuff done. Article: "Iraq and America sign the largest economic agreement in history" How amazing is that? ...I can tell you for certain, Iraq...got 100 years worth of progress wrapped up in one week. I'm not exaggerating. That is the truth...This propelled Iraq into the next stratosphere...
Mnt Goat I want to caution many on a lot of the negativity now about this investment. We must remember we haven’t waited 23 years to sell our dinar now...First, we don’t control the reinstatement. Second, we all should know by now that the Iraqi dinar is being artificially suppressed and its real value, if it were to be restated to FOREX today, would be/should be much higher than 1/6 of a penny. Third...there are elements that do not want Iraq to flourish. Instead it has become a situation of massive corruption...Forth, we must follow the news from Iraq and if we do we can see that a new Iraq is on the horizon... I believe we are closer than ever for the dinar to get reinstated...
Iraqi Dinar Update: Why Iraq Wants a Stronger Currency
Edu Matrix: 7-21-2026
https://www.youtube.com/watch?v=mxqzltgenz0
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Private Credit a “SLOW MOTION TRAIN WRECK” – Chris Whalen Warns of Housing Crash & 2028 Reset
Daniela Ccambone: 7-21-2026
“We have zombie private credit funds, private equity funds today." Investment banker Chris Whalen warns of a "slow motion train wreck" in private credit and a brewing housing crisis.
Seeds of Wisdom RV and Economics Updates Tuesday Morning 7-21-26
Good Morning Dinar Recaps,
International Financial Institutions Coordinate Response as Middle East Crisis Reshapes Global Economy
The IMF, World Bank, WTO, and International Energy Agency strengthen cooperation to address growing risks to energy security, global trade, and financial stability.
Good Morning Dinar Recaps,
International Financial Institutions Coordinate Response as Middle East Crisis Reshapes Global Economy
The IMF, World Bank, WTO, and International Energy Agency strengthen cooperation to address growing risks to energy security, global trade, and financial stability.
Overview
The world's leading financial and economic institutions have increased coordination in response to the ongoing Middle East conflict and its impact on global markets.
Energy security, trade flows, and supply chain resilience have become top international priorities as disruptions continue around the Strait of Hormuz.
The coordinated response highlights how geopolitical crises are increasingly driving global financial policy and international economic cooperation.
Key Developments
1. International Institutions Increase Economic Coordination
The International Monetary Fund (IMF), World Bank, World Trade Organization (WTO), and International Energy Agency (IEA) have strengthened coordination as governments work to reduce the economic impact of continued instability in the Middle East.
Officials emphasized the importance of maintaining open trade routes, supporting energy security, and preserving financial stability as global markets continue to respond to geopolitical developments.
2. Energy Security Becomes a Global Economic Priority
With continued uncertainty surrounding the Strait of Hormuz, international organizations are closely monitoring the potential effects on oil supplies, inflation, and economic growth.
The institutions stressed that stable energy markets remain essential to supporting global recovery, protecting supply chains, and minimizing disruptions to international commerce.
3. Trade and Supply Chains Remain Under Pressure
The coordinated effort also focuses on protecting global trade flows from prolonged disruptions. Shipping delays, higher transportation costs, and increased insurance premiums have already placed additional pressure on businesses and consumers worldwide.
International policymakers continue working with governments to improve supply-chain resilience while encouraging cooperation that reduces economic uncertainty.
4. Financial Stability Remains the Primary Objective
Central banks and international financial institutions recognize that prolonged geopolitical instability can influence inflation, interest-rate expectations, investment flows, and currency markets.
By coordinating policy discussions and sharing market analysis, these organizations hope to reduce uncertainty and strengthen confidence across the global financial system.
Why It Matters
The growing coordination among the world's largest financial institutions demonstrates that geopolitical events are no longer viewed solely as security issues—they have become major economic and financial concerns. Energy markets, trade routes, and supply chains now play a central role in shaping monetary policy, investment decisions, and global economic stability.
Why It Matters to Foreign Currency Holders
Foreign currency holders should recognize that coordinated action by the IMF, World Bank, WTO, and IEA reflects a broader effort to stabilize the international financial system during periods of geopolitical stress. Policies affecting energy prices, inflation, global trade, and capital flows can ultimately influence exchange rates and long-term currency valuations.
Implications for the Global Reset
Pillar 2: Trade
International organizations are prioritizing the protection of global trade routes and supply chains, recognizing that disruptions to strategic shipping corridors can quickly ripple through the world economy.
Pillar 5: Energy
The continued focus on energy security highlights the growing importance of reliable energy supplies as a foundation for economic growth, inflation management, and financial stability.
Future Outlook
International institutions are expected to continue coordinating with governments and central banks as the Middle East situation evolves. Markets will closely monitor developments surrounding the Strait of Hormuz, global energy supplies, and diplomatic efforts that could reduce geopolitical risk.
Should tensions ease, global trade and energy markets could stabilize, helping reduce inflationary pressures. However, prolonged disruptions would likely reinforce the need for continued international coordination and could accelerate efforts to diversify supply chains and strengthen economic resilience.
This is not simply about managing a regional conflict—it reflects the broader transformation of the global financial system as governments and international institutions increasingly coordinate responses to protect trade, energy security, and long-term economic stability.
Seeds of Wisdom Team
Newshounds News™ Exclusive
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🌱 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
Iraq Economic News and Points To Ponder Tuesday Morning 7-21-26
The Shiite Political Bloc Can No Longer Accommodate Everyone.
A leader told One News: "The 'Coordination Framework' is heading towards a harsh restructuring, reducing its seats to 5 and excluding prominent forces."
latest news Tuesday, July 21, 2026 Baghdad - One News - Leading political sources in Baghdad revealed to One News that intense and unprecedented activity is underway within the corridors of the ruling Shiite "Coordination Framework" in Iraq, aimed at a radical restructuring of its leadership.
The Shiite Political Bloc Can No Longer Accommodate Everyone.
A leader told One News: "The 'Coordination Framework' is heading towards a harsh restructuring, reducing its seats to 5 and excluding prominent forces."
latest news Tuesday, July 21, 2026 Baghdad - One News - Leading political sources in Baghdad revealed to One News that intense and unprecedented activity is underway within the corridors of the ruling Shiite "Coordination Framework" in Iraq, aimed at a radical restructuring of its leadership.
Discussions behind the scenes are leaning towards reducing the coalition's leadership body to just five seats, a preemptive move by influential forces seeking to expedite decision-making and avert the internal deadlock and paralysis that now threatens the framework's cohesion.
According to exclusive information obtained by “One News” from a leading source who requested anonymity, the proposed restructuring plan includes excluding five prominent figures from the decision-making circle within the coalition: Ahmed al-Asadi, Abu Alaa al-Walai, Shibl al-Zaidi, along with former Prime Minister Haider al-Abadi, and the head of the Supreme Islamic Council, Humam Hamoudi.
The source linked the inclusion of al-Asadi and al-Zaydi’s names on the list of those excluded to indications of prosecutions and files related to suspicions of financial and administrative corruption that some of them or their relatives have recently faced, while the exclusion of al-Abadi, Hammoudi, and al-Walai comes as part of the process of “re-engineering the difficult balances” within the Shiite alliance, with the aim of forming a smaller, more harmonious, and more maneuverable decision-making circle.
This potential organizational shake-up comes as an extension of a silent crisis that has been plaguing the “coordination framework” for months, the pace of which has noticeably increased following the formation of Prime Minister Ali al-Zidi’s government and the vote on its cabinet, as resentment prevailed among several parties who felt that they had been excluded or had not received their “electoral and executive entitlement” from ministerial portfolios and independent bodies.
But the deeper dimensions of this anticipated transformation lie in the widening rift between the "traditional" political forces and those with armed factional wings. According to the leading source, the armed wings within the framework are now facing a real dilemma in consolidating their official influence within the state structure, due to a strict, albeit undeclared, "American veto" that obstructs the assignment of any sensitive executive or ministerial positions to figures associated with the factions.
This has, consequently, led to a decline in their representation and influence, prompting other parties to move towards limiting their presence in the framework's political decision-making center.
These restructuring efforts reflect serious concerns among key figures in the Shiite alliance about entering a "highly complex and dangerous political phase."
Prominent leaders believe this phase could impose harsh scenarios on the entire Iraqi political landscape and jeopardize the continuity of the current "coordination framework" unless internal divisions are addressed and a unified discourse is established. https://1news-iq.net/البيت-الشيعي-لم-يعد-يتسع-للجميع-قيادي/
Al-Mada: Al-Zaidi Intends To Request Iranian Support For The Transfer Of Ballistic Missiles And To Finalize Iraq's Weapons File Before The End Of September
latest news Tuesday, July 21, 2026 Baghdad - One News - 7/21/2026 Al-Mada newspaper reported that Prime Minister Ali Faleh al-Zaidi, five days after his visit to Washington, is preparing to head to Tehran on July 23, in a visit that will test the government’s ability to implement the pledges he brought from the American capital.
She indicated that during his visit to Iran, Al-Zaydi will ask Tehran to exert pressure on the armed factions to release what the sources described as the “ballistic card,” and to hand over the missiles in their possession before September 30, which is the date set by the government to end the issue of weapons outside the state's control.
According to the newspaper, the meetings in Tehran will focus primarily on the groups that government circles describe as “rebels,” who refuse to disarm, noting that estimates suggest they possess hundreds of drones, in addition to at least eight ballistic missiles that they obtained from Iran and refuse to hand over. https://1news-iq.net/المدى-الزيدي-يعتزم-طلب-دعم-إيراني-لتسل/
Oil Retreats On Mediation Hopes
2026-07-21 01:28 Shafaq News Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen's Houthis.
Brent crude futures eased 78 cents, or 0.9%, to $88.44 per barrel by 0415 GMT. U.S. West Texas Intermediate crude was down 73 cents, or 0.9%, to $82.50 per barrel, while the more active contract for September delivery slipped 41 cents, or 0.5%, to $82.07 a barrel.
"There's some hope of de-escalation between the U.S. and Iran. Reports are that mediators are proposing a 10-day ceasefire, which could put the Memorandum of Understanding (MoU) back on track," ING analysts said in a note, referring to the June interim deal.
However, this won't be easy as major differences remain between Washington and Tehran, while Trump has warned of retaliation after several U.S. troops were killed, ING added.
A senior Iranian official told Reuters Tehran had received a proposal from mediators for a 10-day ceasefire in efforts to salvage the deal signed on June 17, intended to pave the way for a lasting agreement to end the war that began on February 28 with U.S.-Israeli attacks on Iran.
The diplomatic push followed another night of U.S. strikes on Iranian cities and attacks by Iran's Revolutionary Guards on U.S. military assets across the region. Later on Monday, U.S. Central Command said it had begun another round of strikes on Iran.
A tanker in the Strait of Hormuz reported being struck by an unknown projectile, forcing its crew to abandon ship and board a lifeboat, the United Kingdom Maritime Trade Operations agency said on Tuesday. Vessel crossings via the strait also dropped further amid growing caution following fresh attacks between the U.S. and Iran.
Additionally, Yemen's Iran-aligned Houthis said on Monday they would impose a naval blockade on Saudi Arabia, opening a potential new front against the U.S. in its war on Iran and raising the threat to global energy supplies and trade beyond the Gulf.
"The threats of a naval blockade on Saudi Arabia by the Houthis are significant because they raise the risk of disruption to another major oil exporter," said Tim Waterer, chief market analyst at KCM Trade.
Meanwhile, U.S. crude oil stockpiles were expected to have fallen last week alongside gasoline, while distillate stocks likely rose, a preliminary Reuters poll showed on Monday. (Reuters)
https://www.shafaq.com/en/Economy/Oil-retreats-on-mediation-hopes
Dollar Drops In Baghdad And Erbil
2026-07-21 04:04 Shafaq News- Baghdad/ Erbil The US dollar opened Tuesday's trading lower in Iraq, hovering around 150,000 dinars per 100 dollars in Baghdad and Erbil.
According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 149,600 dinars per 100 dollars, down from Monday's 150,800 dinars.
In the Iraqi capital, exchange shops sold the dollar at 150,000 dinars and bought it at 149,000 dinars.
In Erbil, selling prices stood at 150,050 dinars and buying prices at 149,900 dinars.
https://www.shafaq.com/en/Economy/Dollar-drops-in-Baghdad-and-Erbil-2