MilitiaMan and Crew: IQD News Update-Market Economy-State Power-Self Sufficient-REER

MilitiaMan and Crew: IQD News Update-Market Economy-State Power-Self Sufficient-REER

3-2-2026

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

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=olGyJmUNRtM

Is AI the Setup for the Greatest Wealth Transfer?

Is AI the Setup for the Greatest Wealth Transfer?

Taylor Kenny:  3-1-2026

As we navigate the complexities of the modern world, a growing concern is emerging about the accelerating impact of artificial intelligence (AI) on our society, economy, and individual autonomy. A recent thought-provoking discussion among experts has shed light on a potentially dystopian future, where AI replaces a staggering 95% of current jobs, paving the way for a systemic shift from ownership to subscription-based access for virtually every commodity and service.

This radical transformation is not just about the way we live and work; it’s also intricately linked to a broader agenda that includes Universal Basic Income (UBI) and centralized control via digital currencies.

The implications are far-reaching, with the potential to concentrate wealth and power in the hands of a few behemoth corporations and financial entities, such as BlackRock.

To understand the magnitude of this shift, it’s essential to draw parallels with historical events. The Great Depression’s property tax hikes and the Roman “bread and circus” distractions serve as cautionary tales about how systemic control can be maintained through economic manipulation and social distractions.

The speakers in the discussion highlighted these examples to illustrate how governments and corporations might employ similar tactics to maintain control in an AI-driven world.

In this envisioned future, AI is not just a technological disruptor in the labor market; it’s a tool that can be exploited to control narratives, depress asset prices, and buy up assets cheaply before reinflating them under a new economic order supported by UBI.

The rise of AI-driven fake social media personas and the phenomenon of AI hiring humans to perform tasks it cannot complete itself are just a few examples of the increasing blurring of lines between human and machine activity.

Furthermore, concerns about bio-warfare facilitated by AI are emerging as part of the rapid AI arms race between global powers. The potential consequences are dire, and it’s crucial that we acknowledge the risks associated with this technological advancement.

Despite the bleak outlook, there is a glimmer of hope. The experts emphasize the importance of owning tangible assets like gold and silver as a form of financial security and resistance against total systemic control. In a world where subscription-based access becomes the norm, possessing physical assets can provide a safeguard against the whims of corporations and governments.

As we stand at the precipice of this AI-driven revolution, it’s essential that we take proactive steps to prepare for the changes that are fast approaching. Education and awareness are key to understanding the implications of this technological shift. By recognizing the potential risks and opportunities, we can make informed decisions about our financial security and individual autonomy.

Fear can be a motivator for sound decision-making, and it’s crucial that we don’t ignore the warning signs. By taking control of our financial futures and staying informed about the developments in the AI landscape, we can navigate the complexities of this emerging world.

For further insights and information, we recommend watching the full video from ITM Trading, where the experts delve deeper into the implications of an AI-driven future. By staying informed and taking proactive steps, we can ensure that we’re prepared for the challenges and opportunities that lie ahead.

In conclusion, the AI-driven future is a complex and multifaceted phenomenon that requires careful consideration and proactive action. By understanding the potential risks and opportunities, we can navigate this emerging world with confidence and ensure that our individual autonomy and financial security are preserved.

https://youtu.be/8jlhU_1h0_8

Coin Shops Say They're Swimming In So Much Silver And Gold That They're Having To Limit Purchases

Coin Shops Say They're Swimming In So Much Silver And Gold That They're Having To Limit Purchases

Dominick Reuter   Business Insider   Updated Sun, February 8, 2026

• Spot prices for silver and gold are stabilizing after a rocky stretch of record gains and losses.

• The market volatility has caused headaches for local coin shops that typically buy precious metals.

• "If you do this wrong, you run out of capital really fast," one shop told Business Insider.

If January was a party in the precious metals market, February is the hangover.

The per-ounce price of gold topped $5,300 and silver reached nearly $120 at the end of January before tumbling sharply. The stretch of record gains and losses has since stabilized in the early days of February.

"These price moves have done a lot of damage all across the line," HSBC precious metals analyst James Steel told Business Insider.

One type of business bearing the brunt of volatility is local coin shops, where people often trade in gold and silver. High prices have led to a huge influx of people selling, but some shops tell Business Insider they're running out of their usual places to offload excess metals.

As the market was in its tailspin, Tim Heuer said the shop he manages, University Coin & Jewelry in Madison, Wisconsin, was still doing deals.

Heuer said a customer came in to sell some silver when the spot price was $98 an ounce and falling: "By the time I wrote his check, silver was already down $3.50 from the time he walked in the door."

The recent volatility is putting those businesses in an uncomfortable position, beyond quickly changing spot prices that erode profit margins.

Local coin shops play an essential role in the circulation of physical gold and silver by providing a reliable way for individuals to sell their bars, coins, or scrap metal.

If someone bought a gold bar last year from Costco and wants to turn it back into cash, a local coin shop is one of the first places they might go.

And while these shops do turn around and sell some of what they buy, most of the metal is sold to refineries to be melted and minted into new bars or coins.

Precious metals refineries are experiencing major backlogs

That flow has been interrupted in recent months as the run in gold and silver prices has encouraged more people to trade in their metals, leading to a backlog of raw materials at refineries.

Jarret Niesse, president of Precious Metal Refining Services in Chicago, said his company stopped buying scrap silver back in October, when the price crossed $50 per ounce, sparking a frenzy of people trading in old silverware, platters, and other tchotchkes that had been gathering dust.

And the market has only gotten wilder since then.

"This entire crazy silver move that has happened, we have been sitting on the sidelines," he said.

Refineries like Niesse's are one step in the process. Much of the product they melt down gets further refined by other mints and exported to Asian markets, where demand for bars and coins is higher. With so much gold and silver to process, those refineries have also stopped buying, thereby cutting into the cash flow of local coin shops.

To Continue an d Read More:  https://www.yahoo.com/finance/news/coin-shops-theyre-swimming-much-105201247.html

“Tidbits From TNT” Monday 3-2-2026

TNT:

Tishwash: Reuters: Three drones shot down over Erbil airport in northern Iraq

Security sources told Reuters on Monday that three armed drones were shot down over Erbil airport in northern Iraq, where US forces are stationed.

Explosions were heard Monday morning near Erbil International Airport in Iraq's Kurdistan region, where forces from the US-led international coalition are stationed, according to an AFP correspondent.

Early this morning, an AFP photographer reported that air defenses shot down at least two drones near the airport, which houses a coalition forces base.

Since the start of the American-Israeli attack on Iran, Erbil, where a huge complex of the American consulate is also located, has been subjected to attacks by drones that are shot down by air defenses.  lin

Tishwash:  The Iraqi parliament postpones its session until further notice.

The Iraqi parliament decided on Sunday to postpone its scheduled session until further notice.

The council's media department stated in a brief statement received by Al-Sa'a Network that "the council decided to postpone its session scheduled for today until further notice  link

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Tishwash: Statement from the US Embassy in Baghdad regarding the demonstrations near the Green Zone

 The US Embassy in Baghdad issued a security alert on Sunday (March 1, 2026) regarding demonstrations taking place in areas near the Green Zone in the Iraqi capital.

The embassy said in a statement received by "Baghdad Today" that "the US mission in Iraq advises American citizens to exercise extreme caution, limit their movements, and remain in their places of residence when necessary, given the continued reports of missiles, drones, or projectiles being detected in Iraqi airspace, and to monitor active threats to US interests, including restaurants, businesses, and individuals."

The statement noted that "the southern bank of the July 14 Bridge in Baghdad is witnessing anti-American demonstrations, along with calls for demonstrations in various parts of the country, warning of the possibility of the gatherings turning into acts of violence, in light of a security situation that the embassy described as 'complex and rapidly changing'."

As a precautionary measure, the US mission directed its staff who are able to work from home to do so until further notice, and consular operations, including routine services for US citizens, were temporarily suspended.

She emphasized that "the Level 4 travel warning for Iraq (Do Not Travel) remains in effect, urging American citizens not to travel to Iraq for any reason, and to review their personal security plans if they are already in the country, and not to rely on the U.S. government for departure or evacuation operations."

The statement noted that "Iraqi airspace is currently closed, with the possibility of it being reopened or closed again at short notice," and called on "travelers to contact airlines for the latest information."

The embassy clarified that "work at its headquarters in Baghdad and the US Consulate General in Erbil continues on a limited basis and is restricted to essential operations only."

The embassy, ​​according to the statement, urged “American citizens to enroll in the Smart Traveler Enrollment Program (STEP) to receive security updates, prepare contingency plans, ensure adequate basic necessities, keep their communication devices charged, avoid large gatherings and areas frequented by foreigners, and follow local media to stay informed of developments.”

link

Tishwash:  Gasoline and dollar queues are the first signs... Is Iraq entering a tunnel of economic turmoil?

The ongoing conflict between the United States and Israel on one side, and Iran on the other, has quickly cast a shadow over the overall situation in Iraq, particularly the economic aspect.

Concerns related to energy markets and supply chains have resurfaced, with growing anxiety about the impact of any escalation of the conflict on oil exports, shipping routes, and the stability of the domestic market in a country almost entirely dependent on imports.

The exchange rate of the dollar has also seen a significant increase in Baghdad's Al-Kifah Street market, exceeding 160,000 dinars per 100 dollars, alongside a sharp rise in the prices of both foreign and Iraqi gold in the markets of Baghdad and Erbil. In a tangible indication of the "shock" spreading domestically, Iraqi cities witnessed signs of a fuel crisis.

For example, the city of Fallujah in Anbar province saw long queues at gas stations, revealing the public's sensitivity to any development that might be perceived as a direct threat to supply chains or transportation between provinces.

The government, for its part, attempted to offer reassurances to alleviate the confusion. The Ministry of Trade affirmed that the food situation in Iraq is "stable and under control," and that there are no indications of concern regarding the availability of food in the markets following the Israeli-American attack on Iran.

Ministry of Trade spokesman Mohammed Hanoun stated that "the government has given great attention to the food security file in anticipation of emergency circumstances, and has worked during the past period to strengthen the strategic reserves of basic commodities, especially wheat, in addition to ration card items such as rice, sugar, and oil." He emphasized that "the stock is good and sufficient to meet citizens' needs within a plan aimed at ensuring continued supply and market stability, with daily monitoring of market activity to prevent exploitation and price hikes."

Economically, "energy sensitivity" appears to be the most prominent issue. Iraq may theoretically benefit from higher oil prices, but at the same time, it faces the risks of disruptions to export routes, shipping, and insurance, along with the accompanying pressure on internal stability and prices, especially if the war escalates to a stage where economic infrastructure or maritime routes are targeted.

What about the Strait of Hormuz?

Economist Safwan Qusay warns Al-Mada that "expanding the scope of the war in the Middle East to include economic targets and closing the Strait of Hormuz will lead to a rise in global oil prices, forcing Baghdad to confront the challenge of managing risks, not merely monitoring figures."

Qusay believes that "Iraq needs options to mitigate the potential shock, including reaching an understanding with Saudi Arabia on arrangements to secure supplies in case some routes are disrupted, or relying on the reserves of the Central Bank of Iraq to ensure the financing of public spending for a period that may exceed six months if the crisis enters a phase of severe pressure."

Qusay goes further, discussing logistical alternatives, such as "expanding export routes towards Turkey by utilizing the Kirkuk-Ceyhan pipeline and its capacity, with the possibility of boosting exports by truck to Jordan, Kuwait, or Turkey, depending on developments in the security and trade situation."

Warnings of a more dangerous scenario .

In this context, political analyst Mohammed Naanaa told Al-Mada that "Iraq must prepare for the repercussions and consequences of a war with Iran, especially if the war escalates or the Iranian regime loses control of the internal situation." He warned that the most dangerous scenario is the possibility of the war leading to widespread internal disintegration, which could open the door to large waves of displacement towards the Iraqi border.

Naanaa stressed the necessity of "taking all necessary precautions to confront potential challenges and threats, including administrative and security preparedness and the management of resources and services in the provinces near the front lines."

According to field observations, Iraqi markets remain in a phase of "anticipation and questioning" rather than an actual crisis. However, observers note that this phase could change rapidly if the war continues and expands, especially given the sensitivity of consumer sentiment towards fuel and basic commodities, and the potential for rumors to ignite excessive buying that would disrupt the market even if stocks are stable.  link

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Mot: Procrastination

A Structural Shift in the Global Financial System that Nobody is Seeing

A Structural Shift in the Global Financial System that Nobody is Seeing

Miles Harris:  3-1-2026

The global financial system is undergoing a significant transformation, driven by the inherent dynamics of its debt-based monetary structure.

In a recent video presentation, “The Structural Foundations of the New Financial System,” Miles Harris introduces a new series that delves into the intricacies of this evolution.

 The presentation provides a comprehensive overview of the fundamental pillars of the financial system, its historical context, and the challenges it faces in the modern era.

At the heart of the financial system lies a complex interplay between credit creation, collateral base, and settlement infrastructure. The speaker emphasizes that the system’s stability is threatened when credit creation outpaces the growth of underlying assets and collateral, leading to increased fragility.

As debt levels rise, the ability to settle transactions weakens, making the system more vulnerable to shocks. This is particularly concerning when credit expansion surpasses the growth of real assets and liquidity becomes concentrated in too few institutions.

To understand the current state of the financial system, it’s essential to examine its historical context.

The gold standard era provides valuable insights into how collateral definitions and settlement speed influenced financial stability and scalability.

The transition from asset-backed collateral (gold) to debt-based collateral (government debt) post-1971 marked a significant shift, enabling massive credit expansion but also creating paradoxes. The system now relies on debt to create collateral to back further debt, raising concerns about its long-term sustainability.

The expansion of shadow credit and offshore dollar markets has further complicated the financial landscape, increasing liquidity outside traditional banking systems.

While this has provided new avenues for credit creation, it has also reduced visibility and stability. The emergence of new technologies, such as programmable currencies and stablecoins, may increase transparency and settlement efficiency but also raises concerns about control and surveillance.

As the financial system continues to evolve, several key questions arise: Is debt growing faster than real resources? Is money too concentrated? Are financial promises becoming overly complex and opaque?

The presentation highlights the need for evolving settlement infrastructure, expanding or enhancing collateral, and upgrading liquidity mechanisms to address these challenges.

The ongoing transformation of the global financial system will have far-reaching implications in the coming years and decades.

It’s crucial to grasp the fundamental knowledge underlying this evolution to navigate the changing landscape. By understanding the structural foundations of the new financial system, we can better appreciate the challenges and opportunities that lie ahead.

For those interested in gaining a deeper understanding of the evolving financial architecture, we recommend watching the full video presentation by Miles Harris.

The series promises to provide valuable insights into the complex dynamics driving the transformation of the global financial system.

As the financial system continues to evolve, it’s essential to stay informed about the latest developments and trends. By doing so, we can gain a better understanding of the complex interplay between credit creation, collateral, and settlement infrastructure, and how they shape the future of finance.

https://youtu.be/3hoBg9-tXK8

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 3-1-26

The Oil Shock Begins: Hormuz Closure Freezes 20% of Global Energy Flows

After U.S. and Israeli strikes on Iran, tanker traffic through the world’s most critical oil artery grinds to a halt.

February 28, 2026

 Overview (Key Points)

• Iran declares the Strait of Hormuz closed
• Tanker owners halt crude, fuel, and LNG shipments
• Ships cluster near Fujairah as traders pause movement
• 20% of global oil supply disrupted
• Immediate implications for inflation, currencies, and global reset dynamics

A major energy shock is unfolding. Following U.S. and Israeli strikes on Iran, Tehran has declared the Strait of Hormuz closed — triggering a rapid halt in crude oil, fuel, and LNG shipments.

Shipping giants, oil majors, and trading houses are pulling vessels from transit routes as risk calculations change overnight.

This is not just geopolitical escalation — it is a direct hit to the global energy system.

Key Developments

1. Tanker Traffic Freezes

Shipping sources confirm vessels are remaining idle for several days as military risk intensifies.

Satellite imagery shows oil tankers clustering near Fujairah, one of the Gulf’s major energy export hubs.

According to reports:

• Iranian Revolutionary Guards have warned ships via VHF radio not to transit the strait
• 14 LNG carriers have slowed or reversed course
• Traders are pausing new contracts until security clarity emerges

The strait handles roughly 20% of global oil flows and a significant share of LNG exports — particularly from Qatar.

2. Naval Warnings Escalate

The United States Navy reportedly issued navigation safety warnings covering:

• The Persian Gulf
• Gulf of Oman
• North Arabian Sea
• Strait of Hormuz

The United Kingdom Royal Navy stated Iran’s closure order carries no legal standing, but urged vessels to exercise extreme caution.

Meanwhile, Greece’s shipping ministry advised its fleet to avoid affected waters entirely.

3. Energy Markets Brace for Spike

Hormuz is the narrow gateway between the Persian Gulf and global markets. Disruption here impacts:

• Saudi crude exports
• UAE shipments
• Iraqi oil flows
• Qatari LNG exports

Energy traders are pricing in:

• Immediate supply shock risk
• Higher insurance premiums
• Potential rerouting delays
• Inflationary ripple effects

Even a temporary pause could send oil sharply higher.

4. Strategic Leverage Play

Iran has long used Hormuz as a geopolitical pressure valve. Closing it — even symbolically — forces the world’s largest economies to respond.

The move follows escalating tensions after reported strikes on Iranian leadership targets.

Energy infrastructure is now directly entangled with military escalation.

Why It Matters

Hormuz is the artery of the global energy system.

A shutdown:

• Pushes oil and LNG prices upward
• Raises global inflation expectations
• Disrupts supply chains
• Pressures energy-importing economies
• Heightens military confrontation risk

Energy markets are the foundation of financial markets. When oil spikes, everything reprices.

Why It Matters to Foreign Currency Holders

Energy shocks influence:

• Dollar demand (petrodollar system)
• Emerging market currency stability
• Inflation-driven interest rate shifts
• Central bank policy tightening

If Hormuz remains unstable:

• Oil exporters gain leverage
• Import-dependent nations weaken
• BRICS energy settlement alternatives gain traction
• Safe-haven flows intensify

Currency volatility often follows oil volatility.

When oil stops, the system shakes.

Implications for the Global Reset

• Pillar 1: Energy Weaponization Accelerates Realignment
  Energy chokepoints becoming active battlegrounds force nations to rethink settlement systems and strategic reserves.

• Pillar 2: Inflation Shock Meets De-Dollarization Debate
  If Gulf energy flows are disrupted, alternative trade corridors and non-dollar energy settlements could gain urgency.

This event underscores how fragile the current global financial architecture remains when exposed to kinetic conflict.

“Oil Is Power — And Power Just Shifted.”

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — “The Oil Shock Begins: Traders Flee Hormuz Following US Strikes”

• Reuters — “Tanker traffic slows as tensions escalate in Strait of Hormuz”

~~~~~~~~~~

🌱 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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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Sunday Afternoon 3-1-26

Japanese Shipping Companies Halt Their Vessels' Passage Through The Strait Of Hormuz

Money and Business   Economy News - Follow-up  Japanese shipping companies have halted operations in the Strait of Hormuz after the United States and Israel launched military strikes on Iran.

A spokesman for Nippon Yusen said the company had instructed its ships to stop transiting the area on Saturday.

A spokesman for Mitsui O.S.K. Lines said, "We are refraining from sailing through the Strait of Hormuz. Our vessels have been instructed to remain in safe waters," adding that the safety of the crew, cargo, and vessels is "the top priority," according to Reuters.

A spokesman for Kawasaki Kisen said that a number of its vessels currently in the Gulf are on standby, adding that unlike other routes, there are no options for diverting shipments.

The spokesman said, "We will not attempt to send ships through the strait or send additional ships to the area until the situation stabilizes."

The Strait of Hormuz is one of the world's busiest oil chokepoints. Approximately 20% of the world's oil passes through the strait, along with significant quantities of liquefied natural gas. https://economy-news.net/content.php?id=66194

USD/IQD Exchange Rates Increase In Baghdad And Erbil

2026-03-01 Shafaq News- Baghdad/ Erbil   The US dollar opened Sunday’s trading higher in Iraq, hovering around 157,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 157,000 dinars per 100 dollars, up from Saturday’s156,000 dinars.

In the Iraqi capital, exchange shops sold the dollar at 157,500 dinars and bought it at 156,500 dinars.

In Erbil, selling prices stood at 157,000 dinars per 100 dollars, while buying prices reached 156,500 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-increase-in-Baghdad-and-Erbil

Gold Prices Surge In Baghdad And Erbil Markets

2026-03-01 Shafaq News- Baghdad/ Erbil   On Sunday, gold prices jumped sharply in Baghdad and Erbil markets, rising well above 1.155 million IQD per mithqal, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1.157 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.153 million IQD, compared with 1.150 million IQD on Saturday.

The selling price for 21-carat Iraqi gold stood at 1.127 million IQD, while the buying price reached 1.123 million IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.160 million and 1.170 million IQD, while Iraqi gold sold for between 1.130 million and 1.140 million IQD.

In Erbil, 22-carat gold was sold at 1.230 million IQD per mithqal, 21-carat gold at 1.175 million IQD, and 18-carat gold at 1.007 million IQD.   https://www.shafaq.com/en/Economy/Gold-prices-surge-in-Baghdad-and-Erbil-markets-4

EIA: Iraq’s Oil Exports To US Dip Over The Week

2026-03-01 Shafaq News- Baghdad/ Washington  Iraq’s crude oil exports to the United States dropped 211,000 barrels per day (bpd) last week, US Energy Information Administration (EIA) data showed on Sunday.

According to the data, Iraqi shipments averaged 160,000 bpd last week, 56.7% less than the previous week’s average of 371,000 bpd.

Total US crude imports from ten major suppliers fell to 6.101 million bpd, down 101,000 bpd from 6 million bpd the previous week.

Canada remained the top supplier at 4.050 million bpd, followed by Saudi Arabia with 444,000 bpd, Mexico with 414,000 bpd, and Venezuela with 339,000 bpd.

Imports also included Columbia at 240,000 bpd, Nigeria at 163,000 bpd, Libya at 139,000 bpd, Brazil at 115,000 bpd and Ecuador at 36,000 bpd.   https://www.shafaq.com/en/Economy/EIA-Iraq-s-oil-exports-to-US-dip-over-the-week-4    

Bitcoin Recovers After Sharp Declines, Nearing $68,000

Money and Business  Economy News - Follow-up  The price of Bitcoin rose by more than 2%, significantly reducing the losses it suffered yesterday following the US-Israeli military strikes on Iran.

Bitcoin exchange-traded funds (ETFs) recorded positive net investments of $782 million last week, for the first time in six weeks.

Cryptocurrencies linked to gold, such as XAUt and PAXG, also rose to historic highs, exceeding $5,500, as investors sought to hedge against the closure of global markets during the US-Israeli strikes on Iran.

On Saturday, countries in the region, including Kuwait, Saudi Arabia, Qatar, Bahrain, and Jordan, were subjected to Iranian missile attacks, following the Israeli-American attack on Tehran that killed Supreme Leader Ali Khamenei.

https://economy-news.net/content.php?id=66204

Iraq Weighs Risks As Hormuz Crisis Disrupts Global Energy Flows

2026-03-01 Shafaq News- Baghdad   Iraq joined an emergency meeting of the OPEC+ alliance on Sunday as escalating military tensions in the Gulf disrupted shipping through the Strait of Hormuz, a critical artery for global energy markets that carries roughly one-fifth of the world’s daily oil consumption.

The meeting comes amid growing fears that the confrontation involving Iran, the United States, and Israel could trigger wider disruptions to oil supplies, forcing producers to consider raising output to stabilize global markets.

Iraq is participating in the urgent consultations as one of the eight key OPEC+ members responsible for production adjustments, alongside Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman.

Delegates are expected to examine a potential production increase of 411,000 barrels per day (bpd) or more, significantly above earlier projections of around 137,000 bpd, according to industry reports.

Oil prices have already climbed to around $73 per barrel, their highest level since July, driven by concerns that the conflict could expand across the Middle East and further disrupt shipments through the Strait of Hormuz. The narrow waterway handles more than 20% of global oil trade, making it one of the most strategically important chokepoints in the world energy system.

Analysts note that the bulk of the spare capacity capable of significantly increasing supply remains concentrated in Saudi Arabia and the United Arab Emirates, potentially limiting the broader impact of production increases by other producers.

OPEC+ had previously raised production quotas by approximately 2.9 million bpd between April and December 2025, before pausing the increases early in 2026 due to weaker seasonal demand.

For Iraq, higher oil prices could translate into increased revenue if exports remain uninterrupted. However, the country remains highly vulnerable to disruptions in Gulf shipping lanes.

The government is closely monitoring developments around the Strait of Hormuz as several international shipping companies suspend operations in the area, raising concerns about supply chain disruptions. Iraq is among the region’s major crude exporters to Asian markets, which import roughly two-thirds of their oil from the Gulf region. Japan relies on the Middle East for about 90% of its oil imports, while roughly half of China’s crude imports originate from the region.

In response to rising risks, several Asian governments and energy firms have begun reassessing supply options and strategic reserves.

Japanese shipping companies have suspended operations near the strait, while India -the world’s second-largest oil importer- said its state-run refineries are evaluating alternative sources of crude, noting that existing reserves could cover roughly 20 days of demand.

South Korea has also convened emergency consultations and indicated it could release oil from strategic reserves if supply disruptions persist, adding that current stockpiles could support domestic demand for several months.

In Baghdad, the Iraqi Oil Ministry convened an emergency meeting today chaired by Oil Minister Hayan Abdul-Ghani, bringing together senior officials responsible for export operations to evaluate contingency plans.

A government source told Shafaq News that the meeting focused on ensuring the continuity of Iraqi oil exports to global markets amid the escalating regional conflict.

The discussions were prompted by Iran’s announcement that the Strait of Hormuz had been closed to commercial shipping following the intensifying military confrontation. Officials reviewed mechanisms to maintain export flows and mitigate potential disruptions should the conflict persist for an extended period.

According to maritime tracking data, more than 150 oil and gas tankers are currently waiting in Gulf waters outside the Strait of Hormuz as tensions escalate. Commercial vessels on both sides of the strait have largely halted movement, with the exception of Iranian and Chinese naval ships operating in the area.

European maritime security mission Aspides reported that vessels in the region had received radio messages warning that navigation through the strait was no longer permitted.

In parallel, several major oil trading firms and shipping companies have suspended shipments through the corridor amid ongoing military strikes and rising insurance risks.

Insurance providers covering war risks have also warned shipowners that policies for vessels transiting the strait may be cancelled or sharply repriced.

According to the Financial Times, insurance premiums could rise by as much as 50%. Dylan Mortimer, head of war-risk hull insurance at brokerage Marsh, said premiums that previously stood at roughly 0.25% of a vessel’s value could climb significantly.

For a tanker valued at $100 million, insurance costs for a single voyage could increase from around $250,000 to $375,000.

Risk consultancy EOS Risk Group also reported that several ships had received warning messages from Iran’s Revolutionary Guard stating the waterway was closed, prompting at least three vessels to abandon plans to transit the strait.

The disruption intensified after Iranian state television reported that an oil tanker attempting to pass through the strait without complying with Iranian warnings had been targeted. According to the broadcaster, the tanker was struck and later reported to be sinking, though independent confirmation has not yet emerged.

Earlier, Iranian military officials announced that the Strait of Hormuz had been closed and warned vessels that the route was unsafe amid ongoing military exchanges with the United States and Israel.

Economists warn that a prolonged closure of the strait could deal a severe blow to Iraq’s economy. Iraqi economic expert Nabil Al-Mirsoumi told Shafaq News that roughly 94% of Iraq’s oil exports pass through southern Gulf terminals, meaning any sustained disruption could sharply reduce national revenues.

He estimated that monthly oil income -currently around $7 billion- could drop to less than $1 billion if exports through the Gulf were halted.

Alternative export routes remain limited. Iraq can currently ship only about 210,000 barrels per day via the Turkish port of Ceyhan, in addition to small volumes transported by truck to Jordan.

Such levels would fall far short of covering government spending obligations, including salaries for the country’s vast public sector.

A prolonged export halt could also force Iraq to cut production dramatically, potentially to around one million bpd, which could damage reservoir pressure and reduce long-term production capacity.

The economic impact could extend beyond the oil sector. Lower crude production would reduce associated gas output used to fuel power plants, potentially worsening electricity shortages across the country.

Read more: Iraq braces for financial meltdown amid Hormuz closing threats

https://www.shafaq.com/en/Economy/Iraq-weighs-risks-as-Hormuz-crisis-disrupts-global-energy-flows

“Tidbits From TNT” Sunday 3-1-2026

TNT:

Tishwash: Iraq’s parliament to hold emergency Sunday session on regional security

 Iraq’s Council of Representatives announced it will hold an evening session Sunday to discuss recent security developments in Iraq and the region, as the country faces escalating tensions following U.S. and Israeli strikes on Iran.

The session is scheduled for 9 p.m. and will include discussion of “recent security challenges in Iraq and the region,” along with a vote on members of permanent parliamentary committees. link

Tishwash: Attempts to storm the US embassy in Baghdad and violent clashes in front of the Green Zone

The Iraqi capital, Baghdad, witnessed a dangerous escalation on the ground today, Sunday, March 1, 2026, following the influx of crowds of demonstrators towards the fortified Green Zone, where violent clashes broke out with the security forces tasked with protecting the diplomatic and sovereign headquarters.

Field reports indicate that hundreds of protesters attempted to storm the US embassy compound in Baghdad, expressing their anger over the joint US-Israeli attack on Iran. Security forces are working to prevent the demonstrators from breaching the concrete barriers and reaching the embassy grounds, amidst an unprecedented atmosphere of security tension.

These disturbances in Baghdad coincide with a series of rapidly unfolding events that have swept through the region in recent hours, most notably:

Erbil Airport Targeted: The "Saraya Awliya al-Dam" group claimed responsibility for a suicide drone attack targeting US military bases at Erbil International Airport, in retaliation for what it described as attacks on sovereignty.

Leadership Vacuum in Iran: Tehran officially announced the martyrdom of Supreme Leader Ali Khamenei and a number of military commanders and advisors in the "Epic Wrath" attack, and initiated procedures for the transfer of power under Article 111 of the Iranian Constitution.

Popular and Diplomatic Reactions: The "banner of revenge" was raised above the dome of the Imam Reza shrine in Mashhad, and demonstrations took place in Nasiriyah, while US President Donald Trump stated that reaching a diplomatic solution was now "easier."

A state of high alert prevails among the Iraqi armed forces and diplomatic missions, awaiting developments in the coming hours amidst calls for de-escalation and others for further escalation on the ground.  link

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

Tishwash:  Barak told the Sudanese about Trump's plan: mid-next week, followed by sanctions.

 A source within Al Jazeera's coordination framework revealed on Friday an American warning related to Iraqi political entitlements. The source stated that US envoy Tom Barrack informed the Iraqi Prime Minister that Washington might impose sanctions if Nouri al-Maliki is nominated for a high-ranking political position.

The source indicated that the potential US sanctions on Iraq may be announced in the middle of next week, and will initially target figures loyal to Iran, before later including leaders in the coordination framework.

US President's envoy Tom Barrack made his second visit to Iraq in less than a week. During his first visit, he met with four political leaders, none of whom included Nouri al-Maliki, the prime ministerial candidate nominated by the Coordination Framework.

 In today's visit, Barrack met with al-Maliki, in addition to two separate meetings with Prime Minister Mohammed Shia al-Sudani and the head of the Supreme Judicial Council, Faiq Zaidan. Al-Maliki's office did not mention any sanctions or rejection of al-Maliki's nomination in the statement it distributed to the media after the meeting with Barrack.

Al-Sudani's statement was limited to mentioning a review of views on solving the region's problems and Iraq's pivotal role in building stability and promoting regional development.  link

Tishwash: Trump praises Barack's role: He's doing a good job in Iraq

 On Friday, US President Donald Trump praised the performance of his special envoy, Tom Barrack, in Iraq, coinciding with a series of meetings the US envoy held with a number of officials in the capital, Baghdad, during his second visit in a week.

Trump stated in remarks reported by the media that "Tom Barrack is doing a good job in Iraq."

This praise came after Tom Barrack met on Friday with the outgoing Iraqi Prime Minister, Mohammed Shia al-Sudani, to discuss bilateral relations between Iraq and the United States, the general situation and developments in the region, and the importance of sparing Iraq from their repercussions, according to a statement from al-Sudani's office.

This meeting came after the US envoy met with Nouri al-Maliki, head of the State of Law Coalition and the coordinating framework's candidate for the Iraqi premiership.

A statement from al-Maliki’s office said that during the meeting with Tom Barrack, he stressed the importance of “supporting the democratic process and strengthening political stability, emphasizing the need to respect Iraq’s sovereignty and the choices of its people, while the continuation of communication and coordination between the two sides on files of common interest was emphasized.”

The head of the Supreme Judicial Council, Judge Faiq Zaidan, also discussed with US Special Envoy Tom Barrack on Friday the role of the judiciary in supporting efforts to complete the remaining constitutional requirements during the next phase.

This is the second meeting of its kind in a week, amid a major escalation in the region, especially the American threats to strike Iran.

Last Sunday, Barak met in Baghdad with caretaker Prime Minister Mohammed Shia al-Sudani, before moving to Erbil, the capital of the Kurdistan Region, where he met with Kurdish leader Masoud Barzani, Kurdistan Region President Nechirvan Barzani, and Regional Government Prime Minister Masrour Barzani. link

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

Mot: Kids Say The Funniest Things — Straight From the Classroom:

TEACHER: Why are you late?

STUDENT: Class started before I got here.

TEACHER: John, why are you doing math on the floor?

JOHN: You told me to do it without using tables!

TEACHER: Glenn, how do you spell ‘crocodile’?

GLENN: K-R-O-K-O-D-I-A-L.

TEACHER: That’s wrong.

GLENN: Maybe, but you asked how I spell it.

(This kid’s got a future in politics.)

TEACHER: Donald, what’s the chemical formula for water?

DONALD: H I J K L M N O.

TEACHER: What?

DONALD: Yesterday you said it’s H to O!

TEACHER: Winnie, name one important thing we have today that we didn’t have 10 years ago.

WINNIE: Me!

TEACHER: Glen, why do you always come to school so dirty?

GLEN: I’m closer to the ground than you are.

TEACHER: Millie, make a sentence starting with ‘I’.

MILLIE: I is...

TEACHER: No, Millie — always say ‘I am’.

MILLIE: Okay. I am the ninth letter of the alphabet!

TEACHER: Why didn’t George Washington’s dad punish him for cutting down the cherry tree?

LOUIS: Because George still had the axe in his hand.

TEACHER: Do you say prayers before eating?

SIMON: Nope, my mom’s a great cook.

TEACHER: Clyde, your essay on ‘My Dog’ is identical to your brother’s! Did you copy?

CLYDE: Nope, same dog.

TEACHER: Harold, what do you call a person who talks when no one’s interested?

HAROLD: A teacher.

And finally, a sign of the times:

Due to current economic conditions, the light at the end of the tunnel has been switched off until further notice.

Seeds of Wisdom RV and Economics Updates Sunday Morning 3-1-26

Good Morning Dinar Recaps,

Beijing’s Red Line: Can China Defend Iran Without Going to War With America?

China backs Tehran with missiles, cyber shields, and diplomacy — but stops short of direct confrontation.

 Overview (Key Points)

• China condemns U.S.–Israeli strikes on Iran
• Beijing accelerates indirect military and cyber support to Tehran
• Arms deals expand — including supersonic anti-ship missiles
• Energy security and Belt & Road investments at risk
• Global power alignment enters a dangerous new phase

Following large-scale U.S. and Israeli strikes on Iran, Beijing has drawn a strategic line: support Iran — but avoid direct war with Washington.

Rather than military intervention, China is moving through arms transfers, cyber integration, UN diplomacy, and energy contingency planning.

This is a geopolitical chess move — not a battlefield deployment.

Key Developments

1. Missile & Air Defense Acceleration

Beijing is reportedly fast-tracking arms cooperation with Tehran, including:

• CM-302 supersonic anti-ship cruise missiles
• MANPADS (man-portable air defense systems)
• Ballistic missile components
• Loitering munitions (kamikaze drones)
• Air defense and anti-ballistic systems

The CM-302 is designed to penetrate advanced naval defenses — posing risk to U.S. carrier groups operating near the Strait of Hormuz.

China is helping Iran rebuild missile capabilities degraded in previous conflicts.

2. Cyber & Digital Sovereignty Strategy

Beyond weapons, China is fortifying Iran’s digital defenses.

Under provisions tied to China’s 2026–2030 planning cycle, Beijing is:

• Replacing Western software in Iran with closed Chinese systems
• Enhancing AI-driven cybersecurity tools
• Providing cyber defense architecture resistant to CIA/Mossad penetration

This aligns with broader strategic cooperation agreements between China and Iran, aimed at expanding Iran’s “digital sovereignty.”

Technology is now as critical as missiles.

3. UN Veto Power & Diplomatic Shielding

China strongly condemned U.S. and Israeli military actions, calling them violations of sovereignty and the UN Charter.

At the United Nations Security Council, Beijing has historically:

• Opposed additional sanctions on Iran
• Blocked authorization for military escalation
• Called for dialogue over regime change

Diplomatic shielding is Beijing’s first line of defense.

4. Energy & Belt and Road Exposure

China’s stake in Iran is massive:

• Heavy reliance on discounted Iranian oil
• Billions invested under a 25-year strategic cooperation agreement
• Infrastructure, telecom, and port projects
• Iran as a critical corridor in the Belt and Road Initiative

A prolonged war threatens:

• Oil supply stability
• Shipping lanes in the Gulf
• Energy price spikes
• Capital losses in infrastructure

Beijing is balancing support with self-preservation.

Why It Matters

This moment tests China’s superpower posture.

If Beijing:

• Intervenes directly → risk of U.S.–China confrontation
• Does nothing → credibility with allies weakens

Instead, China is choosing asymmetric reinforcement:

Missiles. Cyber. Diplomacy. Energy hedging.

It is defending Iran without firing a shot at America.

“Support Without Soldiers: Beijing’s Strategic Balancing Act.”

Why It Matters to Foreign Currency Holders

Escalation in the Gulf impacts:

• Oil pricing benchmarks
• Dollar liquidity via the petrodollar system
• Yuan internationalization efforts
• Energy settlement currencies

If China and Iran expand non-dollar energy settlements, this accelerates de-dollarization narratives already circulating within BRICS.

Energy instability reshapes currency stability.

Implications for the Global Reset

• Pillar 1: Multipolar Military Shielding
  China is proving it can protect allies indirectly — reshaping how superpowers project influence without direct warfare.

• Pillar 2: Energy Security Drives Financial Realignment
  If Gulf shipping or Iranian exports are disrupted, China will accelerate alternatives — from yuan oil settlements to strategic reserves.

• Pillar 3: Cyber Sovereignty as Economic Warfare
  Replacing Western systems with closed Chinese infrastructure marks a deeper technological decoupling between blocs.

This is not just about Iran.

It’s about whether China can expand influence without triggering world war.

Energy, Cyber, and Power: The Quiet Front of Global Realignment.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — “Beijing’s Red Line: Can China Defend Iran Without Going to War With America?”

• Reuters — “China condemns US-Israel strikes, urges restraint amid Gulf tensions”

~~~~~~~~~~

Shockwave in Tehran: Reports Claim Ayatollah Khamenei Killed in Israeli Strike

Unconfirmed reports of the Iranian Supreme Leader’s death send geopolitical tremors across the Middle East and global financial markets.

Overview (Key Points)

• Reports claim Ayatollah Ali Khamenei was killed in an Israeli airstrike
• U.S. and Israeli officials reportedly believe he is dead
• No formal confirmation yet from Iran, Israel, or the U.S.
• Potential succession crisis inside Iran
• Major geopolitical and market implications globally

A dramatic and unconfirmed development has shaken the Middle East: senior Israeli sources reportedly believe Ali Khamenei, Supreme Leader of the Islamic Republic of Iran, was killed in an Israeli airstrike targeting an underground bunker in Tehran.

If verified, this would mark the most consequential political event in Iran since the 1979 Islamic Revolution.

Key Developments

1. Strike on Underground Compound

Senior Israeli officials were reportedly informed Saturday evening that Khamenei’s body was found beneath rubble after a precision strike on his Tehran compound.

Israeli Prime Minister Benjamin Netanyahu stated in a televised address that there were “growing indications” the Iranian leader had been killed, though he stopped short of official confirmation.

Documentation of the body was reportedly presented to Netanyahu.

At this stage, no official confirmation has been issued by Iran, Israel, or the United States.

2. U.S. Reaction

U.S. President Donald Trump posted on social media indicating he also believed Khamenei was killed in the strike.

However, Washington has not released independent verification.

The absence of coordinated confirmation underscores the sensitivity and potential explosiveness of the situation.

3. Opposition Response

Exiled Iranian Crown Prince Reza Pahlavi publicly celebrated the reported death, calling it the effective end of the Islamic Republic and urging Iranians to prepare for mass demonstrations.

His statement framed the moment as a turning point toward regime collapse, though conditions inside Iran remain unclear.

4. A Leader Since 1989

Khamenei ruled Iran since 1989, succeeding Ruhollah Khomeini.

Key background:

• Born in Mashhad in 1939
• Studied in Qom
• Served as Iran’s president from 1981–1989
• Survived a 1981 bombing that paralyzed his right arm

He has been the central authority in Iran’s political, military, and religious structure for nearly four decades.

His death would immediately trigger succession procedures within Iran’s Assembly of Experts — potentially destabilizing the region during an already volatile period.

Why It Matters

If confirmed, this would represent:

• The sudden removal of one of the longest-serving leaders in the world
• A potential power vacuum in Tehran
• Increased risk of retaliatory escalation against Israel
• Heightened volatility in oil markets
• Strategic recalculations across BRICS, NATO, and Gulf states

Iran is a central actor in Middle Eastern geopolitics — influencing energy flows, proxy conflicts, and global shipping routes.

Leadership uncertainty at the top could spark internal factional struggles or external confrontation.

Why It Matters to Foreign Currency Holders

Iran plays a role in:

• Energy supply chains
• Strait of Hormuz shipping routes
• BRICS geopolitical alignment
• Sanctions and alternative settlement systems

Escalation risks could:

• Drive oil price spikes
• Strengthen safe-haven currencies short term
• Accelerate regional security realignments
• Impact de-dollarization discussions within emerging markets

Any disruption to Gulf energy corridors immediately affects global inflation expectations and currency markets.

Implications for the Global Reset

• Pillar 1: Geopolitical Shock Risk
  A confirmed leadership decapitation strike could escalate military confrontation between Israel and Iran — with ripple effects through global markets.

• Pillar 2: Power Structure Realignment
  If regime transition occurs, Iran’s role within BRICS and its strategic alignment with China and Russia could shift.

Moments like this alter more than politics — they reshape energy markets, currency flows, and global security doctrine.

Until official confirmation emerges, markets and governments remain in a holding pattern — watching Tehran closely.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• The Jerusalem Post — “US, Israel believe Iranian Supreme Leader Khamenei killed in strike on underground bunker”
  

• Reuters — “Middle East tensions escalate amid reports of strike on Iranian leadership compound”

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Late Saturday Evening 2-28-26

Iraq Condemns Iran's Attacks In Babil, Kurdistan, And Gulf States

2026-02-28 Shafaq News- Baghdad/ Erbil   Iraq’s Foreign Ministry on Saturday condemned a wave of Iran's regional attacks, after strikes reportedly hit Jurf al-Sakhr in Babil province and Iran launched missiles targeting sites in the Kurdistan Region and several US military bases across the Gulf.

 The ministry said the purpose of the attacks in Iraq is to draw the country into the ongoing regional conflict, a move Baghdad “categorically rejects.” It reiterated Iraq’s support for resolving disputes through negotiations and called for continued diplomatic efforts, including talks related to Iran’s nuclear program.

 The ministry also expressed solidarity with “brotherly Gulf states” affected by the strikes and stressed the need to respect state sovereignty and international law to prevent further escalation.

Ministry of Foreign Affairs of the Republic of Iraq
The Ministry of Foreign Affairs expresses the Republic of Iraq’s strong condemnation and denunciation of the attacks that targeted various areas, both in central Iraq and in the Kurdistan Region, considering such acts a threat to national security and stability.

The purpose of these aggressive attacks is to drag the Republic of Iraq into the ongoing war in the region—a war we condemn and call for its immediate cessation. Our policy is based on rejecting wars and believing in resolving conflicts through negotiations. Accordingly, we have been among the principal supporters of the negotiations that took place between the Islamic Republic of Iran and the United States of America.

From this standpoint, we condemn the ongoing military campaigns against our neighboring country, Iran, while reaffirming our view that any expansion of the war constitutes a threat to all countries in the region and will only prolong and perpetuate the conflict.

We express our solidarity with our brothers, and our firm rejection of the attacks that targeted some sisterly Gulf states. We call for respect for national sovereignty and adherence to international law in order to avoid any further escalation in the region.
The Ministry renews its commitment to diplomatic solutions and constructive dialogue to ensure regional security and stability.

Ministry Of Foreign Affairs Of The Republic Of Iraq
28 February 2026    The Jurfal-Sakhr (also known as Jurf al-Nasr) hosts armed factions aligned with the Popular Mobilization Forces (PMF). The two consecutive attacks killed two fighters and injured six others.

 Separately, Iranian projectiles were reported to have hit the vicinity of Harir Air Base in the Kurdistan Region, as well as areas near Erbil International Airport.

Iranian state media also reported strikes on US military facilities in Qatar, the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. US officials have not immediately confirmed the extent of the damage or whether there were casualties. https://www.shafaq.com/en/Iraq/Iraq-condemns-attacks-in-Babil-Kurdistan-and-Gulf-states

Iraqi Factions Target US Military Bases

2026-02-28 Shafaq News- Baghdad   The Islamic Resistance in Iraq (IRI) reported on Saturday that it carried out 16 operations using dozens of drones across Iraq and the surrounding region.

 In a statement, the group described the targets as “enemy bases,” indicating that further details would be released later.

 Meanwhile, Saraya Awliya Al Dam, an Iraqi Shiite armed faction aligned with Iran, executed a “precision operation” with three drones targeting a US operations command in Erbil, the capital of the Kurdistan Region, “in support of the Islamic Republic of Iran and in defense of Iraq’s sovereignty.”

 Iraq’s Kataib Hezbollah, Harakat Al Nujaba, and Kataib Sayyed Al Shuhada —all aligned with the IRI and the Iran backed Axis of Resistance— have previously declared their readiness to join Tehran in confronting the United States and Israel.

 Earlier today, witnesses and security sources reported more than ten explosions near Erbil International Airport, which includes a military section used by US led Coalition forces, and at Harir Air Base, another facility hosting US troops.

 The Kurdish Counter Terrorism Service later confirmed that the Global Coalition intercepted and shot down several missiles and drones over Erbil province, without providing details on damage or casualties.

 These developments came hours after coordinated US and Israeli strikes targeted sites inside Iran, described by Washington as actions against “imminent threats.” In retaliation, Tehran, through the Islamic Revolutionary Guard Corps (IRGC), launched missile and drone attacks against Israel and US military bases in several Arab countries, including Saudi Arabia, Kuwait, Bahrain, Qatar, and the United Arab Emirates. Media outlets also reported attacks on bases in Saudi Arabia and Iraqi Kurdistan.    https://www.shafaq.com/en/Security/Iraqi-factions-target-US-military-bases

Iraq Intercepts Nine Drones Targeting Military Bases

 2026-02-28 / Shafaq News- Baghdad    Iraq shot down nine drones targeting military sites in Dhi Qar and Basra provinces in southern Iraq, including four over Imam Ali Air Base, the Joint Operations Command said (JOC) on Saturday.

 According to a statement, three were injured in Basra, “as investigations and necessary procedures are ongoing in accordance with established protocols.”

 The JOC did not identify the party responsible for launching the drones.

 Meanwhile, a security source told Shafaq News that US air defenses at Victory Base inside Baghdad International Airport shot down a drone without causing losses.

 Earlier today, Iraq’s Popular Mobilization Forces (PMF) reported two strikes targeting one of its positions in Jurf al-Sakhr (also known as Jurf al-Nasr), north of Babil province.  https://www.shafaq.com/en/Security/Iraq-intercepts-nine-drones-targeting-military-bases

The US State Department Told “Lwan News”: Our Operations Inside Iran Are Limited And Coordinated With Israel, And We Are Committed To Supporting Iraq.

America – One News   2/28/2026   The US State Department confirmed in exclusive statements to “Lwan News” that the United States is carrying out specific military operations inside Iran in coordination with Israel, noting that these moves came in response to the escalation of threats related to the Iranian nuclear and missile programs after exhausting diplomatic avenues.

 She stressed that the United States is not seeking to expand the war or enter into a comprehensive regional conflict, and that the priority of its actions is to protect its national security and the security of its allies, with a full commitment to supporting Iraq’s sovereignty and stability, and not to target Iraqi territory or infringe upon bilateral commitments with Baghdad, while continuing close coordination with the Iraqi government to ensure that its security is not affected by developments.

 The US State Department affirmed that the door remains open for a serious diplomatic path, and that the goal of the operations is to prevent the spread of nuclear weapons and achieve regional stability, noting that the Iranian regime is facing an unprecedented test, and the future of the stage is determined by the choices of the leadership in Tehran and its regional behavior, and that any escalation by factions linked to the Iran axis will have serious consequences.

 She added that her operations target the system responsible for destabilizing the region, not the Iranian people, and that any real change begins with respecting international law and stopping support for armed groups, stressing that the stability and sovereignty of Iraq is a top priority and that she exclusively supports Iraqi state institutions.

 https://1news-iq.net/السوداني-يقود-غرفة-عمليات-دبلوماس/

Government Advisor: Converting The Dollar To Multiple Currencies Enhances The Efficiency Of The Banking System.

Baghdad (INA) – Nassar Al-Hajj –   Advisor to the Prime Minister, Mazhar Muhammad Saleh, affirmed on Friday that the Central Bank's initiative to expand the capacity of banks enhances the flexibility of dollar management and trade finance. He also indicated that converting dollars into multiple currencies strengthens the efficiency of the banking system.

Saleh told the Iraqi News Agency (INA): "The Central Bank's initiative to expand the capacity of private banks to support international trade for their clients represents an advanced degree of flexibility in managing dollar resources derived from oil exports, by allowing their conversion into multiple international currencies and their use in financing foreign trade.

" He pointed out that "this will facilitate import operations, reduce conversion costs and the risks associated with relying on a single currency, and enhance the smooth flow of transactions through global banking channels."

He added that "allowing the issuance of letters of credit in several currencies (such as the euro, the Emirati dirham, the Chinese yuan, the Jordanian dinar, and others) gives private banks greater ability to meet the needs of their clients and expands their correspondent banking network, which will positively impact the efficiency of banking operations and Iraq's deeper integration into the international trade system."

Saleh explained that "this mechanism comes at the same time within a framework of strict institutional compliance that aligns with international standards and regulations in general, and American standards in particular, thus allaying concerns about regulatory conflicts or currency misuse."

 He pointed out that "the process of converting dollars into other currencies, as a precursor to trade finance, is conducted through a transparent financial system subject to rigorous oversight and governance, which reduces the likelihood of suspicious transactions and enhances the credibility of the Iraqi banking system."

He added that "this will deepen mutual trust with international partners, especially the United States, by confirming that financial flows related to Iraq's foreign trade are consistent with international compliance rules and do not conflict with foreign policy or national security considerations of the countries involved, especially in an international environment characterized by escalating geo-economic competition and the use of financial tools in what is known as soft warfare."

https://ina.iq/ar/economie/256085-.html

Sudani Leads Diplomatic “Operations Room” With Arab Leaders To Contain Escalation

Baghdad – One News    2/28/2026   The head of the Reconstruction and Development Bloc, Bahaa Al-Araji, and MP Alia Nassif, revealed in two separate posts on the (X) platform today, Saturday (February 28, 2026), that Prime Minister Mohammed Shia Al-Sudani is leading an active diplomatic “operations room” in communication with a number of Arab leaders, with the aim of formulating a unified position to contain the repercussions of the military escalation in the region.

 Al-Araji stressed that Iraqi moves seek to find serious ways to de-escalate tensions and block the path to “escalation efforts” that threaten the security and stability of the region’s peoples, noting Baghdad’s keenness to play a pivotal role in defusing escalating regional crises and promoting stability.  https://1news-iq.net/السوداني-يقود-غرفة-عمليات-دبلوماس/

President Barzani, Syrian FM urge regional cooperation after US-Israel strikes on Iran

2026-02-28 Shafaq News- Erbil    Kurdistan Region President Nechirvan Barzani called for stronger regional coordination on Saturday during a phone conversation with Syrian Foreign Minister Asaad al-Shaibani, as hostilities intensified following direct military exchanges between the United States, Israel, and Iran.

 According to a statement from the Kurdish Presidency, the two sides reviewed the latest security developments and assessed their impact on regional stability. They stressed the importance of enhanced cooperation to prevent further escalation.

 The call follows coordinated US and Israeli strikes on sites inside Iran, which Washington described as action against “imminent threats from the Iranian regime.” Tehran responded with missile and drone attacks targeting Israel and US military facilities in Kuwait, Bahrain, Qatar, and the United Arab Emirates. Regional media also reported strikes on sites in Saudi Arabia and Iraq’s Kurdistan Region.

 Authorities in the Kurdistan Region, in response, suspended schools and universities until March 4 across all public and private educational institutions, citing safety concerns.

 https://www.shafaq.com/en/Kurdistan/President-Barzani-Syrian-FM-urge-regional-cooperation-after-US-Israel-strikes-on-Iran

MilitiaMan and Crew: QD News Update-Insights from Militiaman & Crew:Short SitRep

MilitiaMan and Crew: QD News Update-Insights from Militiaman & Crew:Short SitRep

2-28-2026

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

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=4sUkCeYURfU