Seeds of Wisdom RV and Economics Updates Thursday Morning 4-30-26

Good Morning Dinar Recaps,

Shipping Crisis Deepens: Red Sea Disruptions and Oil Volatility Strain Global Trade System

Escalating maritime threats and rerouted supply chains are driving costs higher and exposing vulnerabilities in the global financial system

OVERVIEW (KEY POINTS)

Global trade is facing renewed strain as shipping disruptions intensify across key maritime routes, particularly in the Red Sea and surrounding regions tied to Middle East instability.

This is happening now because ongoing geopolitical tensions have forced shipping companies to reroute vessels away from high-risk zones, increasing transit times and operational costs.

Key players include global logistics firms, energy markets, and major economies now adapting to higher transportation costs and supply chain uncertainty.

The broader implication is clear: persistent disruption in global trade routes is feeding inflation, slowing growth, and increasing systemic financial stress.

KEY DEVELOPMENTS

1. Red Sea Shipping Disruptions Intensify

Critical trade routes remain unstable.

• Attacks and threats forcing vessels to avoid key corridors

• Increased reliance on longer routes around Africa’s Cape of Good Hope

2. Freight Costs Surge Globally

Shipping expenses are rising sharply.

• Longer routes increasing fuel consumption and delivery times

• Freight rates climbing across container and bulk shipping sectors

3. Oil Markets React to Supply Risks

Energy prices remain volatile.

• Disruptions impacting oil transport and availability

• Prices responding to uncertainty around secure delivery routes

4. Supply Chains Face Prolonged Delays

Businesses are adjusting operations.

• Delays affecting manufacturing and retail sectors

• Companies increasing inventory buffers to manage risk

5. Logistics Firms See Mixed Impact

Short-term gains, long-term uncertainty.

• Higher rates boosting near-term profitability

• Concerns over future demand if global growth slows

WHY IT MATTERS

This development highlights how physical trade disruptions can quickly translate into financial stress, especially when they affect key global supply routes.

Markets are reacting through increased volatility in commodities, equities, and transportation sectors, reflecting uncertainty in delivery timelines and costs.

For policymakers, rising shipping costs add another layer to inflation, complicating decisions around interest rates and economic support measures.

At the system level, this reinforces a key vulnerability: global trade efficiency is critical to financial stability, and disruptions expose structural weaknesses.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Import-heavy currencies face added pressure from higher costs

• Purchasing power declines due to rising goods prices

• Exchange rate volatility increases with trade imbalances

• Commodity-linked currencies may benefit from higher prices

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Trade Route Vulnerability Exposed

Ongoing disruptions highlight the need for diversified and resilient global supply chains, reshaping trade strategies.

• Pillar 2: Cost-Driven Economic Realignment

Rising logistics and energy costs are forcing economies to restructure pricing, sourcing, and production models.

CONCLUSION

The escalation in shipping disruptions marks a critical stress point for global trade and financial systems.

As costs rise and delays persist, the impact is spreading across industries, contributing to inflation and economic uncertainty.

This is not an isolated issue—it reflects a broader shift in how geopolitical risk is influencing global commerce and finance.

When trade routes become unstable, the financial system built on them must adjust.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Shipping firms reroute vessels as Red Sea risks persist"

• Reuters — "Freight costs surge as global trade routes face disruption"

~~~~~~~~~~

🌱 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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Iraq Economic News And Points To Ponder Thursday Morning 4-30-26

The Dollar Is A Pressure Tactic... A US Report Links The Suspension Of Shipments To The Influence Of Factions In Iraq!

Published on: April 29, 2026, 3:45 PM  Follow-up/Al-Mada  The Foundation for Defense of Democracies in the United States held Iraqi factions linked to Iran responsible for Washington’s decision to suspend dollar shipments to Baghdad, considering this move a financial and security pressure tool that can be used to push Iraq towards deeper changes in the management of its economy and banking system.

The report explained that the United States had been sending cash payments ranging between $400 and $500 million to Iraq periodically for years, within a mechanism linked to oil revenues, but the US Treasury Department recently halted these shipments.

The report indicated that the decision came in the context of escalating attacks carried out by armed factions using drones and missiles against American targets inside Iraq, including the American embassy in Baghdad, considering that suspending the flow of dollars was “justified,” and that its effectiveness depends on how it is used as a tool of pressure.

He explained that the Iraqi economy is heavily dependent on dollar inflows, so any disruption to these shipments directly impacts the market, leading to increased demand for hard currency, a decline in the value of the dinar, and greater difficulty in importing basic commodities such as food and fuel.

The report noted that part of these funds reaches, through the banking system, entities linked to armed factions, through companies operating in the fields of construction, import, banking and security services, indicating that the problem is not limited to cash flows, but extends to the mechanisms of their distribution.

In this context, the report considered Rafidain Bank, as the government entity through which oil revenues deposited in the US Federal Reserve pass, to be a key link in the distribution of funds within Iraq, including employee salaries. It added that transferring the salaries of some entities to Al-Nahrain Islamic Bank, under pressure from the US Treasury Department, did not solve the problem but merely shifted it to another entity.

He warned that a prolonged dollar shortage could lead to inflation and monetary instability, weakening the Iraqi government's ability to manage the economy and giving factions more room to strengthen their financial and social networks.

The report called on Washington to use this suspension thoughtfully, so that it would press for Iraqi compliance without causing an economic collapse, suggesting linking the resumption of dollar shipments to enhanced security measures around American diplomatic facilities.

He also stressed the need to push Iraq towards reducing reliance on cash and moving towards electronic payment systems, in order to limit illegal activities, calling for an investigation into the activities of Al-Nahrain Islamic Bank for possible involvement in money laundering operations, and the possibility of subjecting it to procedures under “Article 311” of the “Patriot” Act.

In the same context, the report recommended threatening sanctions against government officials if they are found to be involved in fuel smuggling or supporting financial networks linked to factions, in addition to strengthening oversight and external auditing of Al-Rafidain Bank, as it is the main channel for the flow of dollars.

The report concluded by emphasizing that Iraq’s continued access to dollars without strict oversight is no longer an acceptable option, calling for any future financial flows to be linked to transparent procedures that ensure they do not leak to entities outside the official framework.   https://almadapaper.net/433487/

An American Institute: Iraqi Factions Are Behind The Suspension Of Dollar Shipments To Baghdad, And The Trump Administration Is Using The Move As A Pressure Tactic

 4/29/2026   Baghdad – One News   The US-based Foundation for Defense of Democracies blamed “Iraqi militias linked to Iran” for Washington’s suspension of dollar shipments to Baghdad, describing the move as “correct” and potentially useful for security and financial pressure on Iraq, and calling for an investigation into the activities of “Al-Nahrain Islamic Bank.” 

The American Institute noted in a report that the United States has been transferring funds in amounts ranging from $400 to $500 million at a time to Baghdad for many years, pointing out that the US Treasury Department stopped sending these shipments related to Iraqi oil sales.

 The report confirmed that Iraq is critically dependent on dollar inflows, but the Iraqi government, especially the Ministry of Oil, is deeply entangled with the militias, adding that suspending the shipments represents an effective and short-term financial lever for security and financial pressure. https://1news-iq.net/معهد-أميركي-الفصائل-العراقية-وراء-تعل/

A Parliamentary Question To The Governor Of The Central Bank Regarding The Delay In Releasing Foreign Remittances

Baghdad / NINA / The Parliamentary Finance Committee directed a question to the Governor of the Central Bank on Tuesday regarding the delay in releasing foreign currency transfers.

Committee member, MP Hussein Mounis, stated in a press release: "A question was directed to the Governor of the Central Bank of Iraq regarding the delay in releasing foreign currency transfers (excluding US dollars) to Iraqi banks, despite the completion of the requirements for the first phase of reforms being implemented by Oliver Wyman."

He added, "The current circumstances in the region and Iraq, along with the accompanying difficulties in international trade, necessitate greater support for the Iraqi market through financing and credit facilities that contribute to the stability of commercial activity." He demanded clarification on the reasons for the delay in releasing these transfers and the setting of an official date for their implementation, given their importance in supporting imports and trade.

Mounis stressed the need to answer the parliamentary question within a period not exceeding 15 days, based on the provisions of Article (15) of the Law of the Council of Representatives and its Formations. /End 9   https://ninanews.com/Website/News/Details?key=1292558

Parliamentary Finance Committee: Preparing The Budget Requires A Fully Empowered Government And Real Resources, Not "Fantasy" Figures

2026-04-28 10:53  Shafaq News – Baghdad   Jamal Kojar, a member of the Finance Committee in the Iraqi Parliament, confirmed on Tuesday that the deficit is hindering the resolution of the budget, while pointing out that budgets are based on resources and not on "fanciful figures".

Kojer told Shafaq News Agency that preparing the budget law and sending it to the House of Representatives requires a fully empowered government, and that the current caretaker government does not have the authority to send the draft budget law to Parliament.

He added that the House of Representatives, in coordination with the government, has three options: to limit spending to the 1/12 system, to legislate a law similar to the Food Security Law, or to submit a draft budget law for the second half of this year.

Koger explained that "the total budget amount cannot be determined given that there is a financial deficit, and the important point is that budgets are based on resources and not on imaginary figures."

The Finance Committee in the Iraqi Parliament confirmed last week that voting on the 2026 budget law is linked to the formation of the next government, the government program, and the speed with which it is sent to the Council.

Committee member Ribwar Karim told Shafaq News Agency that the committee received information from the government indicating that "there is no liquidity crisis, and that employees' salaries are fully secured for the coming months."

Karim added that the parliament is still waiting for the formation of the next government with full powers, so that it can present projects to confront any economic crisis in the next stage.

https://www.shafaq.com/ar/سیاسة/المالية-النيابية-عداد-الموازنة-يتطلب-حكومة-كاملة-الصلاحية-وموارد-فعلية-وليس-رقاما-فضا-ية

A US Report Recommends That The Trump Administration Sanction Iraq's Rafidain Bank: A Means Of Securing Dollars For Factions

Baghdad – One News   4/29/2026  According to the US report, dollar shipments arriving in Iraq sometimes fall into the hands of militias through banking services, which run construction and import companies, currency exchanges, and security contracting firms.

 The report considered that a large part of the problem lies with the state-owned Rafidain Bank, as it is the final means of distributing oil revenues deposited in the Federal Reserve Bank of New York, which reach Iraqi society, especially civil servants, after until recently it also reached members of the Popular Mobilization Forces through their salaries, which were forced by pressure from the Treasury Department to be transferred to the smaller, state-owned Al-Nahrain Islamic Bank. https://1news-iq.net/تقرير-أمريكي-يوصي-إدارة-ترامب-بمعاقبة/

Thursday Iraq News Posted by Tishwash at TNT 4-30-2026

TNT:

Tishwash:  Al-Marsoumi: Iraq is at a critical economic crossroads and needs competent individuals and political support.

Economic expert, Nabil Al-Marsoumi, warned that the Iraqi economy is going through a phase that requires extensive reforms in light of the major challenges that will face the president and the next government.

Al-Marsoumi told Al-Furat News Agency that: “The economic reality is characterized by significant pressures, most notably limited liquidity, challenges in the oil sector, budget deficits, high rates of unemployment and poverty, and declining economic performance.”

He added, "The next government will not be able to change the reality on its own unless it has broad political support, and political forces must refrain from demands that may hinder its work and limit populist rhetoric that increases the burdens on the state."

Al-Marsoumi stressed that “Iraq stands today at an important crossroads in its economic path due to the magnitude of the challenges,” emphasizing “the importance of forming a government of competent individuals, far removed from quotas, capable of managing the current stage and addressing the economic crisis.”  link

Tishwash:  Baghdad and Erbil meet to unify customs procedures

 Iraq’s Border Ports Commission held a meeting Tuesday with federal and regional representatives aimed at unifying customs procedures between federal authorities and the Kurdistan Region, focusing on tariff alignment and the rollout of a shared electronic system.

The meeting, held under commission chief Lt. Gen. Omar al-Waeli and convened on directives from the Ministerial Council for Economy, discussed unifying the customs tariff and implementing the ASYCUDA electronic system across all border crossings. Participants also addressed customs exemptions, prohibition and restriction lists, standardization and quality control, radiographic inspection procedures, the agricultural calendar, unofficial crossings and tax procedures.

Waeli called for discussions “in a positive spirit, making citizens’ needs, meeting their requirements, and facilitating trade movement between the region and the governorates a top priority.” He noted that “the region is going through exceptional circumstances that require everyone to overcome differences in viewpoints and implementation,” and described the commission as “a point of meeting and understanding with the region.”

Efforts to unify customs procedures follow years of differences between federal and regional systems, including variations in tariff application at border crossings that have led to trade disruptions and delays. Previous attempts to enforce unified tariffs and clearance procedures have highlighted the impact of inconsistent regulations on traders and supply chains.

Recent discussions between Baghdad and Erbil have focused on aligning tariffs and ensuring consistent conditions for companies operating across all crossings. 

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

Tishwash:  An advisor to the outgoing prime minister, said that al-Zaidi met with the US chargé d’affaires in Baghdad, Joshua Harris

 Abdul Amir Taiban denies the existence of an American veto on Ali al-Zidi, who is tasked with forming the next government, and confirms that all leaders of the framework support this assignment. 

Al-Zaydi at the US embassy hours after the framework was nominated and approved – Taiban

A day after Ali al-Zaidi was tasked with forming Iraq’s ninth government, Abdul Amir Taiban, an advisor to the outgoing prime minister, said that al-Zaidi met with the US chargé d’affaires in Baghdad, Joshua Harris, considering this meeting a “green card” and an American approval and blessing of his appointment, contrary to the voices that say there is an American “veto” on his appointment.

 In an interview with journalist Laith Al-Jazaeri, which was followed by 964 , Taiban reveals a “unique situation” that the framework was notNetwork accustomed to, after it unanimously agreed to nominate Al-Zidi, a situation that the framework had lacked throughout the past five months.

He explained that the absence of Humaam Hamoudi and Amar  Al-Hakim  from the picture during Al-Zidi's assignment does not mean that they do not support his assignment, revealing absolute support for Al-Zidi’s assignment.

On Monday evening (April 27, 2026), the Coordination Framework announced the nomination of Ali al-Zidi for the premiership, praising the “historic stances” of the head of the State of Law Coalition, Nouri Kamel al-Maliki, and the head of the Reconstruction and Development Coalition, Mohammed Shia al-Sudani, by relinquishing their candidacy for the premiership and formation of the next government, in the absence of the head of the Sayyid al-Shuhada Brigades, Abu Ala al-Walai, and the head of the Supreme Islamic Council, Humam Hamoudi.

President Nizar Amidri tasked Ali al-Zidi, the candidate of the largest parliamentary bloc, with forming the new government, explaining that“with this, we have completed the third stage of the constitutional entitlement, which could not tolerate delay,” wishing him “success in forming a strong national government that represents all Iraqis and meets their aspirations.”

The President called on all political forces to “support al-Zaydi and cooperate with him to expedite the completion of this constitutional and national entitlement in a way that serves the interests of Iraq and its people.” The official news agency quoted Prime Minister-designate Ali al-Zidi’s first remarks, in which he said, “We are determined to work with all political forces to form a government that responds to the demands of citizens in establishing security and stability and achieving comprehensive development.”

 Al-Zidi’s nomination comes after a difficult process that included two violations of the constitutional deadlines.

The first lasted 71 days, until the election of the President of the Republic on April 11, 2026, while the other violation appears to be about to end within hours, after the country lived through 48 hours of a constitutional violation of the deadline for assigning the candidate of the largest bloc to head the government. conducted   a preliminary investigation into the history, life, andNetwork 964 Thebusiness of Prime Minister-designate Ali al-Zaidi before his appointment.  provides more information about the young businessman who following report appears to be more active than is typical among his peers.

His name appears on long lists of those who own or contribute to companies that carry out large projects. He also has extensive political connections, despite not practicing politics. link

Tishwash:  Badr: Washington will return $500 million to Iraq as a message of support for al-Zaidi

Hamed al-Moussawi, spokesman for the Badr parliamentary bloc, said on Wednesday that Washington would resend the $500 million shipment it had previously withheld from Baghdad as a "goodwill gesture" to the new project in Iraq led by Prime Minister-designate Ali al-Zidi .

Al-Moussawi said in a televised interview followed by Al-Sa’a Network that “the coordination framework held a first session through a group of advisors to develop visions regarding the form of the next government and to divide the points between the parties .”

He added that "there is a vision within the coordination framework that believes that the Ministry of Foreign Affairs should be within the framework, because the ministry during the past period went through circumstances that did not reflect the vision of Iraq as a whole, and there is talk about creating a position of (Minister of State for Foreign Affairs) that would be part of the coordination framework, and through which it would try to open a window with the world, provided that this person would also be the Minister of the Economic Ministerial Council ."

He continued, “Some of those who are affiliated with us in the factions’ channels are saying: What is Al-Zaidi’s political and security experience? And how will he manage foreign affairs? And I say to them: Looking at our other partners, there is now a person who leads an entire component (Al-Halbousi), and he was a simple person and later became the leader of a bloc, so why do we revolt when we reach the Shiite? ”

He noted that he had heard that the Americans would release the $500 million they had previously withheld from Iraq, as a goodwill gesture to the new project led by al-Zaidi .

He explained that "Badr has 20 deputies, and this guarantees us two ministries according to the prevailing equation in the political process. According to the language of numbers and electoral entitlement, 20 seats correspond to two ministries and 20 special grades .  link

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

Tishwash:  Independent politician: Government formation will proceed too quickly and in less time than planned.

An independent politician suggested that the process of forming the new government will proceed at a record speed and in less than the constitutional period, in light of political consensus and support within the coordination framework.

Abu Mithaq Al-Masari said during his appearance on the program “On the Ruler” broadcast by Al-Furat satellite channel, that “the visit of the Prime Minister-designate to both Hadi Al-Amiri and Nouri Al-Maliki dispelled doubts about the seriousness of his assignment, especially with the country entering the critical stage of constitutional deadlines.”

He added that "the formation of the government will proceed very quickly and in less time than specified, and that al-Zidi's nomination is serious and heading towards completing the formation," indicating that "Washington is interested in having a strong political actor in Baghdad, and al-Zidi has the consensus of the framework forces, which is what the United States wants, without any objection to it."

He pointed out that "Al-Zaydi faces a difficult task and must prioritize the issue of managing Iraq's funds with the US Federal Reserve," noting that "the government only needs half plus one, and all the members of the framework support it, which means there is no difficulty in passing it within the parliament."

Al-Masari continued, "There are expected concessions to the Kurdistan Democratic Party regarding the sovereign ministries, with talk of rotating the portfolios of Foreign Affairs and Finance, in addition to a move to rotate the Ministry of Education with Higher Education," expecting that "Abbas al-Amiri will assume the presidency of al-Zaydi's office."  link

Seeds of Wisdom RV and Economics Updates Wednesday Evening 4-29-26

Good Evening Dinar Recaps,

Central Banks Split: Oil Shock Drives Inflation Higher as Policy Gridlock Emerges

Surging energy prices and global uncertainty are dividing central banks, increasing risks to growth, currencies, and financial stability

OVERVIEW (KEY POINTS)

Major central banks are showing growing division and caution as rising oil prices and geopolitical tensions push inflation higher across global economies.

This is happening now because the ongoing Middle East conflict has driven oil above $110–$120 per barrel, feeding directly into inflation while slowing growth expectations.

Key players include the U.S. Federal Reserve, European Central Bank, and global institutions now facing a policy dilemma between controlling inflation and supporting economic growth.

The broader implication is clear: policy fragmentation and inflation pressure are increasing systemic risk, signaling deeper stress within the global financial system.

KEY DEVELOPMENTS

1. Federal Reserve Shows Rare Internal Division

Policy consensus is breaking down.

• Fed held rates steady at 3.5%–3.75%

• Most divided vote since 1992, signaling uncertainty

2. Oil Prices Surge on Prolonged Supply Disruption

Energy markets remain under pressure.

• Oil climbed above $118–$120 per barrel amid supply fears

• Ongoing blockade concerns point to extended disruption

3. Global Inflation Pressures Reaccelerate

Energy costs are driving price increases worldwide.

• Inflation rising across Europe and globally due to energy spikes

• Fuel-driven inflation spreading into broader economies

4. Central Banks Hold Rates Despite Rising Risks

Policy caution dominates globally.

• Bank of Canada and others keeping rates unchanged amid uncertainty

• ECB signaling potential future hikes despite weak growth outlook

5. Global Growth Forecasts Are Being Cut

Economic outlook is weakening.

• Asia growth forecast reduced while inflation raised to 5.2%

• Manufacturing and exports showing signs of slowing momentum

WHY IT MATTERS

This development highlights a critical shift: central banks are no longer aligned, reflecting uncertainty about how to respond to energy-driven inflation.

Markets are reacting to this divergence with increased volatility in bonds, currencies, and equities, as expectations for future policy become less predictable.

For policymakers, the challenge is intensifying. Raising rates risks slowing economies further, while holding rates allows inflation to persist longer.

At the system level, this signals a transition toward a more fragile and fragmented financial environment, where coordinated global responses are harder to achieve.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency volatility increases due to policy divergence

• Purchasing power declines as inflation rises globally

• Safe-haven currencies may strengthen during uncertainty

• Emerging market currencies face added pressure

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Monetary Policy Fragmentation

Diverging central bank strategies signal a shift away from coordinated global monetary policy, increasing systemic instability.

• Pillar 2: Energy-Driven Inflation Reshaping Economies

Persistent energy shocks are forcing structural adjustments in pricing, trade, and economic policy frameworks.

CONCLUSION

The current environment reflects more than temporary volatility. It represents a fundamental shift in how central banks respond to global shocks.

As inflation rises and policy consensus breaks down, the financial system is becoming more sensitive to both geopolitical events and energy markets.

This moment highlights a deeper reality: when central banks lose alignment, systemic risk rises significantly.

When energy shocks divide monetary policy, the global financial system enters a new phase of instability.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Fed holds rates steady in most divided vote since 1992"

• Reuters — "Oil rises on fears of prolonged Middle East supply disruption"

~~~~~~~~~~

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Iraq Economic News And Points To Ponder Wednesday Evening 4-29-26

Iraq Ranks 82nd Globally With 8.4% Housing Price Ratio

2026-04-29 Shafaq News- Baghdad   Iraq ranked 82nd out of 104 countries in the 2025 housing price-to-income ratio index, marking a 0.1 percentage point increase from the previous year, according to World Population Review.

The report placed Iraq’s ratio at 8.4% with an affordability index of 1.2, compared with 8.3% and 1.1 in 2024.

Globally, Syria topped the list at 115.1%, followed by Cuba (48%), Ethiopia (47.1%), Cameroon (46.6%), and Sri Lanka (34.2%). Other countries near the top included Nepal (32.1%), Hong Kong (29.1%), China (28.5%), Vietnam (25.8%), and Thailand (23.1%).

At the lower end, Oman ranked 104th with a ratio of 3.1%, alongside Saudi Arabia, indicating relatively lower housing cost pressure relative to income.https://www.shafaq.com/en/Economy/Iraq-ranks-82nd-globally-with-8-4-housing-price-ratio

US Dollar Tops 180,000 Toman In Iran

2026-04-29 Shafaq News- Tehran   The US dollar surpassed 180,000 toman in Iran's open market on Wednesday, an increase of nearly 8% from the previous day. According to Iran’s Donya-e-Eqtesad, the dollar had traded around 160,000 toman on Tuesday before closing near 165,000.  One toman = 10 Iranian rials 

https://www.shafaq.com/en/Economy/US-dollar-tops-180-000-toman-in-Iran

USD/IQD Exchange Rates Dip Slightly In Baghdad And Erbil At Closure

2026-04-29   Shafaq News- Baghdad/ Erbil  The US dollar closed Wednesday’s trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,450 dinars per 100 dollars, down from the previous session’s 153,750 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,000 dinars and bought it at 153,000 dinars, while in Erbil, selling prices stood at 153,450 dinars and buying prices at 153,350 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-dip-slightly-in-Baghdad-and-Erbil-at-closure

Gold Prices Edge Lower In Baghdad And Erbil Markets

2026-04-29 Shafaq News- Baghdad/ Erbil   On Wednesday, gold prices hovered around 990,000 IQD per mithqal in Baghdad and Erbil markets, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 986,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 982,000 IQD. The same gold had sold for 1,005,000 IQD on Tuesday.

The selling price for 21-carat Iraqi gold stood at 956,000 IQD, with a buying price of 952,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 985,000 and 995,000 IQD, while Iraqi gold sold for between 955,000 and 965,000 IQD.

In Erbil, 22-carat gold was sold at 1,037,000 IQD per mithqal, 21-carat gold at 990,000 IQD, and 18-carat gold at 848,000 IQD.  https://www.shafaq.com/en/Economy/Gold-prices-edge-lower-in-Baghdad-and-Erbil-markets-1-2

US Renews Calls For Dismantling Iran-Aligned Groups In Iraq After Three Reward Offers

2026-04-29 Shafaq News- Washington/ Baghdad   The United States Department of State renewed its call for the dismantling of Iran-aligned armed groups in Iraq, tying the issue directly to the future of the US-Iraq relationship, as Washington placed its third $10 million reward offer on a senior commander within roughly two weeks.

 A State Department spokesperson, speaking on background, said that Washington had "spoken clearly to what is needed to dismantle the Iran-aligned militias in Iraq," adding that the United States stands with Iraqis working toward sovereignty, security, and a prosperous future.

The latest reward offer, announced through the Rewards for Justice program run by the State Department's Diplomatic Security Service, targets Hashem Finyan Rahim al-Saraji, also known as Abu Alaa al-Walae, leader of Kataib Sayyid al-Shuhada.

The program accused him of directing attacks on US diplomatic facilities and military personnel in Iraq and Syria, and of involvement in the killing of Iraqi civilians. Washington designated the group a Foreign Terrorist Organization in September 2025.

Ten days earlier, a $10 million reward was announced for Ahmad al-Hamidawi, leader of Kataib Hezbollah, over attacks on US diplomatic facilities in March 2026 and a sustained campaign against American personnel in Iraq.

A separate offer followed for Haydar al-Sa'adi, Secretary General of Harakat Ansar Allah al-Awfiya —the group held responsible for the January 28, 2024, drone strike on Tower 22 in Jordan that killed three American service members.

All three men operate within the Islamic Resistance in Iraq, the umbrella coalition of Iran-aligned factions that has claimed over 750 strikes on US targets since the outbreak of the 2026 US-Israeli conflict with Iran.

Attacks attributed to its affiliated groups have struck the US Embassy in Baghdad, logistical support center at Baghdad International Airport, Harir Base, and Erbil Airport in the Kurdistan Region, and energy infrastructure across the country.

For Shafaq News, Mostafa Hashem, Washington, D.C.

https://www.shafaq.com/en/Iraq/US-renews-calls-for-dismantling-Iran-aligned-groups-in-Iraq-after-three-reward-offers

Al-Marsoumi: Iraq Is At A Critical Economic Crossroads And Needs Competent Individuals And Political Support.

Time: 2026/04/29    {Economic: Al-Furat News} Economic expert, Nabil Al-Marsoumi, warned that the Iraqi economy is going through a phase that requires extensive reforms in light of the major challenges that will face the president and the next government.

Al-Marsoumi told Al-Furat News Agency that: “The economic reality is characterized by significant pressures, most notably limited liquidity, challenges in the oil sector, budget deficits, high rates of unemployment and poverty, and declining economic performance.”

He added, "The next government will not be able to change the reality on its own unless it has broad political support, and political forces must refrain from demands that may hinder its work and limit populist rhetoric that increases the burdens on the state."

Al-Marsoumi stressed that “Iraq stands today at an important crossroads in its economic path due to the magnitude of the challenges,” emphasizing “the importance of forming a government of competent individuals, far removed from quotas, capable of managing the current stage and addressing the economic crisis.”

https://alforatnews.iq/news/المرسومي-العراق-أمام-مفترق-اقتصادي-حرج-يحتاج-كفاءات-ودعم-سياسي

SHOCKING: Bond Collapse Warning From Former Treasury Secretary | Andy Schectman

SHOCKING: Bond Collapse Warning From Former Treasury Secretary | Andy Schectman

Liberty and Finance:  4-28-2026

Andy Schectman returns to break down mounting stress in the silver market, including a growing mismatch between COMEX open interest and available supply.

He highlights record-breaking gold and silver imports by China as evidence of a major shift happening beneath the surface.

Andy also points to rising U.S. debt pressures and warns that interest payments are approaching historic levels.

Notably, he discusses former Treasury Secretary Hank Paulson’s warning that the U.S. should prepare for a potential collapse in Treasury demand.

He also explores the rapid rise of stablecoins and digital financial systems, raising concerns about surveillance, control, and the future of financial freedom.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Gold & silver update

12:00 Genius Act & tokenization

24:00 Warning of Treasury market collapse

https://www.youtube.com/watch?v=c_en1PPjHro

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 4-29-26

Good Afternoon Dinar Recaps,

Blockade Strategy Expands: Trump Signals Prolonged Pressure on Iran as Markets React

Extended U.S. blockade plans intensify economic strain on Iran while raising global energy and financial system risks

OVERVIEW (KEY POINTS)

U.S. President Donald Trump is preparing to extend the blockade on Iran’s ports, signaling a shift toward sustained economic pressure rather than immediate military escalation.

This is happening now as negotiations remain stalled, with Iran refusing to meet U.S. demands on immediate nuclear concessions, while attempting to manage the conflict through alternative trade routes.

Key players include the United States, Iran, European economies responding to rising energy costs, and global markets adjusting to prolonged disruption in oil flows.

The broader implication is clear: a sustained blockade strategy is amplifying inflation, currency instability, and global trade disruptions, increasing systemic financial risk.

KEY DEVELOPMENTS

1. U.S. Plans Extended Blockade Strategy

A long-term pressure approach is taking shape.

• Blockade viewed as lower-risk alternative to military escalation

• Aims to force Iran into favorable negotiation terms

2. Iran’s Currency Collapse Accelerates

Economic strain inside Iran is intensifying.

• Rial weakened to 1,810,000 per dollar

• Nearly 15% decline in just two days

3. Inflation Surges to Extreme Levels

Domestic conditions deteriorate rapidly.

• Inflation reached 65.8% in a single month period

• Rising costs expected to further destabilize the economy

4. Strait of Hormuz Disruptions Continue

Global energy flows remain constrained.

• Iran restricting shipping through a key route for global oil supply

• U.S. blockade compounding trade and logistics disruptions

5. Oil Prices Rise Amid Supply Concerns

Markets respond to prolonged uncertainty.

• Oil prices increased nearly 3% on continued conflict

• Risk of extended supply shortages priced into markets

WHY IT MATTERS

This development highlights how economic warfare strategies can have global financial consequences, particularly when energy supply chains are involved.

The combination of restricted oil flows and rising prices is feeding into inflation across multiple economies, increasing pressure on consumers and businesses.

For policymakers, prolonged disruption complicates decisions around interest rates, energy policy, and economic stability.

At the system level, this reinforces a critical shift: geopolitical conflict is directly influencing currency values, inflation, and global financial conditions.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Energy-importing currencies face increased pressure

• Purchasing power declines as inflation rises globally

• Safe-haven currencies may strengthen during instability

• Exchange rate volatility increases across regions

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Economic Warfare Reshaping Global Systems

Extended blockades demonstrate how financial and trade restrictions can be used as strategic tools, impacting global economic structures.

• Pillar 2: Currency Instability and Realignment

Severe currency devaluation highlights vulnerabilities that could lead to broader shifts in reserve strategies and trade settlements.

CONCLUSION

The move toward a prolonged blockade represents a significant escalation in economic pressure, with consequences extending far beyond the immediate conflict.

As Iran’s economy weakens and global energy markets remain unstable, the ripple effects are being felt across currencies, inflation, and trade systems.

This is not just a regional conflict—it is a systemic stress event influencing global financial stability.

When economic pressure targets energy and currency simultaneously, the global financial system absorbs the impact.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "U.S. considers extended blockade strategy against Iran amid stalled talks"

• Modern Diplomacy — "Trump Urges Iran to ‘Get Smart’ on Deal Amid Plans to Prolong Blockade"

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

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Thank you Dinar Recaps

More “Iraq News” Posted by Tishwash AT TNT 4-29-2026

TNT:

Tishwash:  Washington announces its solidarity with Iraq and supports al-Zaidi's efforts to form a government.

The United States Mission in Iraq expressed its best wishes to Prime Minister-designate Ali al-Zaidi in his mission to form a government capable of meeting the aspirations of the Iraqi people and achieving a brighter and more peaceful future.

 In a statement, the mission affirmed Washington’s solidarity with the Iraqi people in their pursuit of common goals, foremost among them preserving the country’s sovereignty, enhancing security to eliminate terrorism, and building a prosperous economy that brings tangible benefits to both the Iraqi and American sides.

The Coordination Framework announced in a statement the selection of Ali al-Zidi as the official candidate of the Coordination Framework bloc, being the largest bloc in the House of Representatives, to assume the position of Prime Minister and form the next Iraqi government.

 This came during a crucial meeting held by the leaders of the framework at the Government Palace in Baghdad on Monday, where the name of Al-Zaydi was agreed upon after studying the list of candidates and choosing the person whose specifications match the requirements of the current stage and its challenges.  link

Tishwash:  Al-Jubouri: The government will be formed within two weeks, less than the constitutional deadlines.

Fahd Al-Jubouri, a leader in the National Wisdom Movement, predicted that the government would be formed within two weeks, in less time than the constitutional deadline, according to political agreements.

Al-Jubouri said, during his appearance on the “On the Ruler” program on Al-Furat satellite channel, that “things are moving towards accelerating the formation of the government within a period not exceeding two weeks, based on understandings between the political forces,” indicating that “Prime Minister-designate Ali Al-Zidi will return to the coordination framework regarding the formation of the ministerial cabinet and some files, as he is the supporting and sponsoring party.”

He added that "the coordination framework will hold a meeting tomorrow in the presence of the Prime Minister-designate to discuss the ministerial formation," noting that "Al-Zidi is assigned a service-oriented task and refuses to engage in any discussion related to his financial dealings with the state."

He explained that "the new government will face major challenges, foremost among them the economic situation and foreign relations, especially with neighboring countries," noting that "the Wisdom Movement announced its support for Al-Zaidi and its backing for him in this matter."

Al-Jubouri added that "the United States is awaiting the outcomes of the new Iraqi government and will base its position on them," stressing "the need for the next government to have plans to address regional challenges, including the repercussions of the closure of the Strait of Hormuz and its impact on Iraqi oil exports."

He pointed out that "the coordination framework hopes for the success of Al-Zaidi's government, and at the same time will monitor its performance," noting that "the framework stipulated that Al-Zaidi not participate in the elections or form a political party, and he expressed his unwillingness to go in this direction."

Al-Jubouri concluded by saying, "The framework formed two committees, one of which is concerned with discussing the ministerial formation, and it has made significant progress in its work."  link

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

Tishwash:  Financial Inclusion Week kicks off in Halabja

The city of Halabja witnessed the launch of the activities of the Financial Inclusion Week for the year 2026, under the sponsorship and supervision of the Central Bank of Iraq, and organized by the “Our Awareness” Organization for Electronic Payment Culture and the “We Reach You” Financial Inclusion Initiative, under the slogan “Financial Health: The Path of Individuals Towards Sustainable and More Stable Financial Inclusion,” in a step that reflects the growing interest in promoting financial culture and expanding the scope of modern banking services in various Iraqi governorates, in line with the state’s directions towards building a more efficient and sustainable digital economy.

The events were held with broad participation from financial, banking and non-banking institutions, in a scene that reflects the extent of coordination and integration between the parties concerned with consolidating the concepts of financial inclusion and supporting the transition towards the digital economy, in line with the directions of the government and the Central Bank of Iraq aimed at reducing reliance on paper money and promoting the use of modern electronic payment methods, and in a way that contributes to raising the efficiency of financial transactions and achieving higher levels of transparency and economic stability, as well as facilitating citizens’ access to official financial services in a safe and fast manner.

National Initiative

Financial Inclusion Week opened with an official conference attended by the Governor of Halabja, Ms. Noukhsha Naseh Ahmed, who affirmed in her address the local government's full support for this national initiative. She noted that choosing Halabja as the launch location carries significant implications, reflecting its role in supporting development projects and impactful community initiatives. She explained that financial inclusion is a fundamental tool for empowering citizens to access safer and more reliable financial services, in addition to its role in strengthening trust in financial and banking institutions and supporting the gradual transition to modern digital systems.

Sound resource management

She added that expanding financial inclusion is not limited to providing banking services only, but also includes building a new community culture based on financial awareness and sound resource management, which helps families and individuals to plan financially better, enhances opportunities for saving and investment, and reduces the risks associated with traditional cash transactions, which positively impacts social and economic stability in the province and in Iraq in general.

A development message

For his part, Mr. Nabil Al-Najjar, head of the “Our Awareness” organization for the culture of electronic payment, stressed that launching the activities from Halabja carries an important humanitarian and developmental message, which is that modern financial services should be available to all citizens without exception, and in the various Iraqi governorates. 

He pointed out that this initiative actively contributes to establishing a culture of electronic payment within Iraqi society, and expanding opportunities for access to financial services, which enhances the role of small and medium enterprises and supports sustainable economic development paths, especially in areas that need more developmental and service support.

Modern financial services

Ghazi Al-Kinani, advisor to the Global Smart Card Company, confirmed that electronic payment companies and governmental and private banks, in cooperation with the Central Bank of Iraq, are making great efforts to promote a culture of banking and increase citizens’ interaction with modern financial products and services more than they are now, in a way that contributes to consolidating trust between financial institutions and citizens.

Citizen's needs 

Al-Kinani explained that banking awareness among citizens has witnessed remarkable development in recent years, as citizens have become more aware of the importance of banking services and more informed about all new financial products that suit their daily needs and the requirements of their working lives, which reflects the success of the awareness and regulatory efforts made in this field.

He added that the Financial Inclusion Week represents an important opportunity to bring the service provider closer to the citizen directly, through field communication and introducing the available services and mechanisms for benefiting from them, stressing that this continuous banking movement will achieve positive results that serve all parties and contribute to supporting the national economy and enhancing financial stability.  lin

Tishwash:  The Iraqi ambassador to Washington discusses regional developments and government formation with the chairman of the House Subcommittee on the Middle East.

Nizar Al-Khairallah, the Ambassador of the Republic of Iraq to the United States, met with Mike Lawler, Chairman of the Subcommittee on Foreign Affairs of the U.S. House of Representatives concerned with the Middle East and North Africa.

During the meeting, the two sides discussed the ongoing developments in the Middle East region and their implications for Iraq, exchanging views on regional challenges and their impact on internal stability.

The meeting also addressed the process of forming the new government in Iraq, emphasizing the importance of supporting political stability and promoting progress in the democratic process, in order to meet the aspirations of the Iraqi people.

The two sides discussed bilateral relations between Baghdad and Washington, and ways to expand prospects for joint cooperation in various fields, in order to strengthen the strategic partnership between the two countries and serve mutual interests.  link

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

Tishwash:  Global Tech partners with Huawei to enhance digital infrastructure in Iraq

Global Tech has entered into a strategic partnership agreement with Huawei to enhance the reliability of digital infrastructure inIraqEspecially in vital sectors.

The company said in a statement received byAlsumaria NewsThe agreement was concluded on the sidelines of a specialized seminar held by Global Tech entitled (Business Continuity in Modern Data Centers) with the participation of a select group of representatives from the banking sector, electronic payment companies, and the technology sector.

 She explained that "the agreement aims to enhance cooperation in the field of data center development and provide advanced solutions that support business continuity, thereby contributing to raising the level of reliability of the digital infrastructure inIraq“Especially in vital sectors.”

The seminar was attended by a number of decision-makers and specialists in the fields of technology and digital infrastructure. Its sessions addressed the readiness of data centers to ensure system continuity and reduce operational risks, in accordance with international standards.
The statement indicated that “the agreement comes within the framework of GlobalTek’s strategy to expand its strategic partnerships and provide integrated solutions that support the development of digital infrastructure and enhance the readiness of institutions to meet the requirements of digital transformation in Iraq.”

According to the statement, the event included a panel discussion with representatives from Huawei and the Uptime Institute, along with GlobalTek and Tabadul for Electronic Payments. The discussion reviewed the most prominent challenges facing business continuity and the role of modern technological solutions in supporting system stability. link

Seeds of Wisdom RV and Economics Updates Wednesday Morning 4-29-26

Good Morning Dinar Recaps,

Peace Talks Stall: Trump Rejects Iran Proposal as Energy Disruptions Intensify

Breakdown in negotiations deepens conflict risks, driving oil volatility and increasing pressure on the global financial system

OVERVIEW (KEY POINTS)

U.S. President Donald Trump has rejected Iran’s latest peace proposal, signaling a widening gap between both sides as the conflict enters a more entrenched phase.

This is happening now because Iran is pushing a phased negotiation strategy, delaying nuclear discussions, while the U.S. insists on addressing core nuclear issues upfront, creating a fundamental disagreement.

Key players include the United States, Iran, Pakistan as mediator, and broader alliances such as the Shanghai Cooperation Organisation, reflecting the expanding geopolitical scope of the conflict.

The broader implication is clear: continued stalemate is prolonging energy disruptions, fueling inflation, and increasing systemic financial stress globally.

KEY DEVELOPMENTS

1. U.S. Rejects Iran’s Phased Peace Proposal

Negotiations face a critical setback.

• Iran proposed delaying nuclear talks until after conflict resolution

• U.S. demands immediate inclusion of nuclear restrictions

2. Strait of Hormuz Disruptions Intensify

Energy supply remains heavily constrained.

• Daily traffic dropped from 125–140 ships to minimal flows

• Oil shipments significantly reduced, tightening global supply

3. Oil Prices Rise on Prolonged Conflict

Markets react to continued instability.

• Oil prices increased nearly 3% amid ongoing disruptions

• Traders pricing in longer-term supply risk

4. Iran Expands Strategic Alliances

Regional alignment is shifting.

• Iran signaling deeper cooperation within the Shanghai Cooperation Organisation

• Potential expansion of defense and economic partnerships

5. Diplomatic Channels Weaken

Efforts to mediate are losing momentum.

• U.S. canceled planned diplomatic outreach to Pakistan

• Reduced engagement increases risk of prolonged stalemate

WHY IT MATTERS

This development highlights how failed diplomacy can directly impact global markets, especially when tied to critical energy infrastructure.

Energy disruptions are feeding into broader economic pressures, increasing inflation, supply chain instability, and market volatility.

For policymakers, the challenge is intensifying. Prolonged conflict limits options while increasing the risk of policy misalignment and economic slowdown.

At the system level, this reinforces a growing trend: geopolitical conflict is now a primary driver of financial system stress.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Energy-importing currencies face downward pressure

• Purchasing power declines due to rising inflation

• Safe-haven currencies may strengthen during uncertainty

• Exchange rate volatility increases across markets

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Energy Disruption as a Systemic Trigger

Sustained constraints in oil flow highlight how energy supply shocks can destabilize global financial systems, accelerating structural shifts.

• Pillar 2: Fragmentation of Global Alliances

Shifting partnerships signal movement toward a more divided and multipolar geopolitical and financial landscape.

CONCLUSION

The rejection of Iran’s proposal marks a critical escalation point, reinforcing the likelihood of prolonged conflict and continued market disruption.

As negotiations stall, the impact is extending beyond geopolitics into energy markets, inflation, and financial stability.

This is not just a diplomatic breakdown—it is a systemic pressure point with global consequences.

When diplomacy fails at critical energy chokepoints, the global financial system absorbs the shock.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Trump dissatisfied with Iran peace proposal amid ongoing conflict"

• Modern Diplomacy — "Trump dissatisfied by Iran’s New Peace Proposal"

~~~~~~~~~~

A Message to Our Currency Holders

If you’ve been holding foreign currency for many years, you were not foolish.

You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:   • No dates • No rates • No hype • No gurus

Instead, we focus on:

• Verifiable developments • Institutional evidence

• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.

Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News™

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Wednesday Morning 4-29-26

Oil Dips On UAE OPEC Exit, Hormuz Blockade Props Prices

2026-04-29 Shafaq News   Oil prices eased on Wednesday from a multi-day rally as ‌investors digested the ramifications of the United Arab Emirates' surprise decision to quit OPEC, though supply disruptions from the stalemated Iran war support the market.

Brent crude futures for June dipped 1 cent to $111.25 a barrel by 0413 GMT, having climbed for the previous seven sessions. The June contract expires on Thursday and the more active July contract down 28 cents at $104.12.

Wednesday's slight decrease could be partly linked to the UAE's surprising decision to leave ⁠producer cartel OPEC, said LSEG senior analyst Anh Pham, as it points to a stronger supply outlook when the country is free of the group’s output quotas.

"However, this effect is not immediate, as the incremental barrels may not be deliverable in the near term due to the ongoing Hormuz blockade," he added.

"So while prices are down slightly, this appears to be more of a correction from earlier gains, with Brent still holding at elevated levels around $110 per barrel."

U.S. President Donald Trump has told aides to prepare for an extended blockade of Iran, the Wall Street Journal said on Tuesday, citing U.S. officials.

Trump is opting to keep squeezing Iran's economy and oil exports by blocking shipping traffic with its ports, ‌it ⁠added.

Despite a ceasefire in the U.S.-Israeli war with Iran, the conflict is deadlocked as both sides seek a formal end to the fighting.

Iran has shut the Strait of Hormuz, a conduit for about 20% of global oil and LNG supplies, and the United States blockaded Iranian ports.

"The recent rise in oil prices has been driven by the Strait blockade," said Yang An, an analyst at ⁠Haitong Futures. "If Trump is prepared to extend the blockade, supply disruptions would worsen further and continue to push oil prices higher."

The U.S. is pressing Iran to end what it says is a nuclear weapons programme, while Iran wants some form of reparations for the latest ⁠round of fighting, an easing of economic sanctions and some form of control over the Strait of Hormuz.

The Hormuz shutdown is prompting pulls from global inventories, with market sources saying late on Tuesday the American Petroleum Institute reported U.S. ⁠crude oil inventories fell for a second week.

Crude stocks fell by 1.79 million barrels in the week ended April 24, the sources said. Gasoline inventories fell by 8.47 million barrels, while distillate inventories fell by 2.60 million barrels. (Reuters)

https://www.shafaq.com/en/Economy/Oil-dips-on-UAE-OPEC-exit-Hormuz-blockade-props-prices

Basrah Crudes Outpace Regional Benchmarks Despite Decline

2026-04-29 Shafaq News- Basrah   Iraq’s Basrah crude prices edged lower by 0.12% on Wednesday, outperforming several regional benchmarks.   Basrah Heavy crude fell by 15 cents to $120.93 per barrel, while Basrah Medium crude declined by the same margin to $123.30.

In contrast, Saudi Light stood at $120.30 per barrel, Kuwait crude at $103.79, the UAE’s Murban at $106.70, and Qatar’s Al-Shaheen at $107.

Globally, Brent crude rose $3.08, or 2.8%, to $114.34 per barrel. US West Texas Intermediate (WTI) gained $2.75, or 2.8%, to $102.68.

Iraq prices its crude based on export destinations, with shipments to Asia linked to the Dubai and Oman benchmarks, exports to Europe tied to Brent with premiums or discounts, and cargoes to the United States priced against WTI in line with market conditions. https://www.shafaq.com/en/Economy/Basrah-crudes-outpace-regional-benchmarks-despite-decline

Iran’s Khuzestan Exports $61M To Iraq In One Month

2026-04-29 Shafaq News- Tehran/ Baghdad   Iran’s Khuzestan province exported 221,000 tons of goods to Iraq worth $60.8 million in the first month of the current Iranian year, Iranian media reported on Wednesday.

According to Iranian outlets, local official Behrouz Qarabiji said imports during the same period totaled 874,000 tons valued at $360 million, while customs revenue rose 409% year-on-year to around $51 million. Customs and transit activity also increased, with 30 clearance declarations covering 2,438 tons and 279 transit filings totaling 36,200 tons.

https://www.shafaq.com/en/Economy/Iran-s-Khuzestan-exports-61M-to-Iraq-in-one-month

UAE Exit From OPEC And OPEC+ Sparks Mixed Outlook For Oil Markets

2026-04-29 Shafaq News- Baghdad    The United Arab Emirates’ decision to withdraw from OPEC and the OPEC+ alliance has drawn mixed reactions among specialists, amid close monitoring of global markets for producer compliance with output policies and the impact of geopolitical developments on supply and demand.

Oil expert Dirgham Mohammed Ali told Shafaq News that the UAE’s exit could lead to increased production outside the quota system, raising the risk of a significant supply surplus.

He warned that any unregulated rise in output would put strong downward pressure on prices, potentially leading to sharp declines or even a market collapse, particularly if other OPEC+ members show weak adherence to agreed production limits.

Ali explained that the oil market relies on a balance between supply and demand, noting that any disruption by a major producer such as the UAE would have immediate effects. “Iraq could be among the most affected countries, as more than 90% of its budget depends on oil revenues,” the expert noted.

Economic expert Mohammed Al-Hassani downplayed the potential impact, suggesting that the UAE’s withdrawal would not necessarily trigger a sharp price drop.

In remarks to Shafaq News, he said the market is influenced by multiple factors, including global demand, geopolitical tensions, and the ability of major producers, particularly Saudi Arabia, to stabilize supply through production adjustments.

“The UAE may continue informal coordination with other producers, which could limit market disruptions,” he explained, clarifying, “While any price decline would affect Iraq, it is unlikely to result in a severe collapse.”

https://www.shafaq.com/en/Economy/UAE-exit-from-OPEC-and-OPEC-sparks-mixed-outlook-for-oil-markets

MilitiaMan & CREW IRAQ DINAR UPDATE-Reforms Moving Forward Despite Political Noise-Monetary Strength

MilitiaMan & CREW IRAQ DINAR UPDATE-Reforms Moving Forward Despite Political Noise-Monetary Strength

4-28-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=KZW9FkR8bGM