Iraq Economic News and Points To Ponder Monday Morning 3-9-26

War Shock: Oil Nears $120 Mark

2026-03-09   Shafaq News   Oil prices surged around 25% on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while gold fell 2% as an escalating Iran war squeezed world energy supplies, boosted the dollar and dampened hopes of interest-rate cuts.

Agriculture markets, led by edible oils, rose as they took their cue from oil prices due to the extensive use of vegetable oils in making biofuels. Aluminium firmed on supply worries even as other metals faced headwinds from a stronger dollar.

"The violent reaction stems from the markets seeing no obvious offramp in the escalating ⁠Middle East conflict, now a high-stakes standoff where neither side appears willing to blink first," Tony Sycamore, IG market analyst, said in a note.

"The risk of more lasting economic damage continues to build by the day."

Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that hardliners remain firmly in charge in Tehran a week into its conflict with the United States and Israel.

Soaring Oil Lifts Vegoils, Grains

Brent was on track for its biggest one-day gain ever in both percentage and absolute terms as the expanding U.S.-Israeli war with Iran led some major Middle Eastern oil producers to cut supplies and on fears of prolonged disruption to shipping through the Strait of Hormuz chokepoint.

Brent crude futures climbed to a high of $119.50 per barrel and U.S. ⁠West Texas Intermediate (WTI) to $119.48 a barrel.

"...the situation appears to be deteriorating further," ING analysts said in a note. "In addition, upstream oil production has started to shut in, with producers facing storage constraints. Iraq, Kuwait, and the UAE began reducing oil production."

In agricultural markets, Malaysian palm oil rose 9% and Chicago soybean oil climbed to its highest since late 2022, buoyed by the crude oil rally. Wheat rose to its highest ⁠since June 2024 and corn prices hit a 10-month high.

Gold fell more than 2% as a stronger dollar weighed on greenback-priced bullion, while higher energy costs fuelled inflation concerns and further dimmed the prospects for near‑term reductions in interest rates.

The dollar hovered near a three-month high hit last ⁠week, making bullion more expensive for holders of other currencies.

Oil-driven inflation fears and delayed rate-cut expectations likely strengthened U.S. yields and the dollar, outweighing safe-haven demand and pushing gold down.

Aluminium Jumps on Supply Disruptions

Aluminium soared to its highest in four years as ⁠supply concerns due to the Middle East war intensified.

Benchmark three-month aluminium on the London Metal Exchange hit its highest since March 2022 at $3,544 per ton.

Qatari smelter Qatalum and Aluminium Bahrain have already declared force majeure on shipments amid rising tensions in the Middle East.   Other base metals were weighed down by a firmer dollar.

(Reuters)   https://www.shafaq.com/en/Economy/War-shock-Oil-nears-120-mark

 Iraq Ranks Lowest In Gulf Oil Storage Capacity

2026-03-09 Shafaq News- Baghdad   Iraq has one of the lowest oil storage capacities among Gulf countries, with reserves sufficient for only about six days, according to data released by JPMorgan.

The data, released on Monday, showed that Saudi Arabia leads Gulf states in oil storage capacity, with reserves sufficient for about 65 days if exports are redirected and 36 days without redirection. Qatar ranks second with a storage capacity of about 20 days, followed by the United Arab Emirates, which can store oil for 19 days if exports are redirected and 16 days without redirection. Kuwait comes next with a storage capacity estimated at around 14 days.

https://www.shafaq.com/en/Economy/Iraq-ranks-lowest-in-Gulf-oil-storage-capacity

Iraq Central Bank Dollar Sales Exceed $80B In 2025

2026-03-09   Shafaq News- Baghdad   The Central Bank of Iraq (CBI) sold $80.363 billion in foreign currency in 2025, marking a 3.88% increase from $77.652 billion recorded in 2024, according to official statistics released by the bank on Monday.

According to the data, external transfers accounted for the largest share of the bank’s dollar sales at $73.943 billion, followed by international settlements totaling $3.649 billion, while cash sales reached $2.771 billion.

The CBI also reported that its purchases of foreign currency from Iraq’s Ministry of Finance totaled $63.731 billion during 2025.    https://www.shafaq.com/en/Economy/Iraq-Central-Bank-dollar-sales-exceed-80B-in-2025

Dollar Stabilizes In Baghdad, Slips In Erbil

2026-03-09 Shafaq News- Baghdad/ Erbil   The US dollar opened Monday’s trading mixed in Iraq, hovering around 156,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 155,750 dinars per 100 dollars, unchanged from the previous session.

In the Iraqi capital, exchange shops sold the dollar at 156,250 dinars and bought it at 155,250 dinars, while in Erbil, selling prices stood at 155,200 dinars and buying prices at 155,150 dinars.

https://www.shafaq.com/en/Economy/Dollar-stabilizes-in-Baghdad-slips-in-Erbil

Liquidity Crisis Hits Iraq’s Major State Banks

2026-03-09   Shafaq News- Baghdad   Government banks in Iraq, including Rafidain and Rasheed, are facing a severe liquidity shortage, with cash becoming increasingly scarce, an economic source told Shafaq News on Monday.

Citing security concerns, particularly the conflict involving the United States, Israel, and Iran, depositors have increasingly withdrawn funds from government banks, potentially threatening Iraq’s financial security and economic stability.

“At some Rafidain and Rasheed branches, customers are asked to wait or return later to access their full funds, while others provide only partial amounts, postponing the remainder,” the source explained, adding that these practices have affected service quality and weakened public confidence in the government banking sector.

The banks also continue to face administrative and legal challenges. Over the past years, modernization efforts have remained limited, with many relying heavily on paper-based processes instead of electronic systems and modern banking technology.

On February 28, the United States and Israel carried out airstrikes on targets inside Iran, including Tehran. The attacks caused significant damage and civilian casualties and killed Iranian Supreme Leader Ali Khamenei along with several senior Iranian Revolutionary Guard Corps (IRGC) commanders. Iran responded with retaliatory actions affecting multiple countries in the region, including Iraq, Israel, Jordan, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Saudi Arabia.

https://www.shafaq.com/en/Economy/Liquidity-crisis-hits-Iraq-s-major-state-banks

Gold prices fall in Baghdad and Erbil markets

2026-03-09    Shafaq News- Baghdad/ Erbil   On Monday, gold prices hovered around 1.11 million IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,110,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,106,000 IQD. The same gold had sold for 1,124,000 IQD on Sunday.

The selling price for 21-carat Iraqi gold stood at 1,080,000 IQD, with a buying price of 1,076,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,110,000 and 1,120,000 IQD, while Iraqi gold sold for between 1,080,000 and 1,090,000 IQD.

In Erbil, 22-carat gold was sold at 1,157,000 IQD per mithqal, 21-carat gold at 1,106,000 IQD, and 18-carat gold at 947,000 IQD.   https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-and-Erbil-markets-2

Bitcoin Rebounds From Its Lowest Level In A Week

Money and Business   Economy News - Follow-up  Bitcoin prices rebounded after declines earlier on Monday, during which they hit a one-week low.

Bitcoin rose 2% after being down more than 2% this morning.

Bitcoin is trading at $67,300 by 07:00 GMT, according to CoinMarketCap.

Bitcoin managed to break through the $73,000 level earlier last week, but failed to maintain those gains.

Despite Bitcoin's decline, Ericsenz Capital noted that the drop was relatively limited compared to the decline in stock indices such as the Nasdaq or KOSPI, reflecting a decrease in the volume of leveraged long positions in the market.

https://www.economy-news.net/content.php?id=66533

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 3-8-26

Good Afternoon Dinar Recaps,

Bond Market Shock and Global Debt Surge Raise New Risks for the Financial System
Rising sovereign borrowing and volatile bond markets are emerging as major stress points for the global financial architecture.

Overview

• Global government bond markets are experiencing one of their sharpest selloffs in months.
• Rising energy prices and geopolitical tensions are pushing inflation expectations higher.
• Global sovereign borrowing is projected to reach nearly $29 trillion in 2026, adding pressure to debt markets.
• Analysts warn that financial markets are becoming more fragile and vulnerable to sudden shocks.

Key Developments

1. Global Bond Markets Hit by Major Selloff
Government bond markets around the world have suffered significant losses as investors react to inflation fears and geopolitical instability.

Major bond markets in the United States, Europe, and Asia have experienced sharp declines, marking one of the worst weeks for sovereign debt markets in months. Investors are demanding higher yields to compensate for rising risk, which increases borrowing costs for governments and corporations alike.

The selloff is being fueled by multiple factors converging at once:

• Rising energy prices linked to Middle East conflict
• Persistent inflation concerns
• Large government borrowing needs

Bond yields rising across multiple economies signals tightening financial conditions globally, which can ripple through banking systems and credit markets.

2. Sovereign Debt Levels Continue to Surge Worldwide
At the same time, global borrowing is expected to reach record levels in 2026, with governments and corporations issuing enormous amounts of debt.

According to recent projections, global borrowing could climb to about $29 trillion, driven largely by expanding government deficits and corporate financing needs.

This growing debt burden is forcing governments to confront difficult choices:

• Increase taxes
• Cut spending on social programs
• Allow inflation to erode debt
• Continue borrowing and risk market backlash

Some advanced economies now have public debt levels exceeding their entire annual economic output, raising questions about long-term fiscal sustainability.

3. Markets Showing Signs of Fragility
Financial analysts say markets are becoming increasingly sensitive to macroeconomic shocks.

The current bull market in U.S. equities remains intact, but analysts warn it is growing more fragile and vulnerable to sudden corrections as geopolitical tensions and economic data shift investor sentiment.

Recent investor behavior reflects rising caution:

• Capital moving toward large-cap and defensive stocks
• Reduced exposure to riskier assets and emerging markets
• Heightened volatility in commodities and currencies

These patterns typically emerge when markets sense structural economic uncertainty ahead.

4. War-Driven Inflation Threatens Global Growth
The escalating Middle East conflict is now feeding directly into global inflation risks through energy prices.

Economic analysts warn that sustained increases in oil and gas prices could push inflation higher while slowing economic growth, a combination known as stagflation.

Even a modest 10% sustained rise in energy prices could increase global inflation and reduce economic growth, forcing central banks into difficult policy decisions.

Some central banks may be forced to choose between controlling inflation or supporting economic growth, creating potential instability in financial markets.

Why It Matters

The combination of rising sovereign debt, bond market instability, and geopolitical shocks represents one of the most significant stress tests for the global financial system in years.

Bond markets underpin nearly every major financial structure, including:

• Government financing
• Bank balance sheets
• Mortgage markets
• Corporate credit systems

When bond markets become volatile, the entire financial system feels the impact.

Why It Matters to Foreign Currency Holders

Large financial shifts often originate in debt markets before spreading into currencies and commodities.

Key signals to watch include:

• Rising bond yields increasing pressure on government finances
• Higher borrowing costs impacting economic growth
• Currency volatility as investors move capital between regions

Periods of debt stress historically lead to major monetary policy adjustments and potential restructuring of global financial systems.

Implications for the Global Reset

• Pillar 1 – Sovereign Debt Sustainability Under Pressure
  With global borrowing projected to reach $29 trillion, governments may face mounting pressure to restructure fiscal systems, adjust monetary policy, or pursue new financial frameworks.

• Pillar 2 – Financial Market Fragility
  The volatility in bond markets highlights how interconnected and sensitive global finance has become. Large shocks—such as war or energy disruptions—can quickly ripple across currencies, banking systems, and trade flows.

If these pressures persist, policymakers may be forced to rethink how debt, currencies, and global liquidity are managed in the international financial system.

This is not just market turbulence — it is the structural stress of a debt-heavy global financial system nearing its limits.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — “World’s bond markets battered as war and inflation fears rise”

• OECD — “Global borrowing projected to reach $29 trillion in 2026”

~~~~~~~~~~

Iran Power Transition Amid War: Leadership Succession and Regional Escalation Shake Energy Markets
Iran signals a potential successor to the Supreme Leader as Israeli strikes intensify, raising geopolitical and energy market risks.

Overview 

• Iran is preparing to appoint Mojtaba Khamenei as the next Supreme Leader, signaling continuity in hardline leadership.
• Israeli strikes on Tehran fuel depots and military infrastructure have intensified, entering the ninth day of conflict.
• Regional attacks across Gulf nations—including Kuwait, Bahrain, and the UAE—are escalating tensions.
• The conflict threatens critical energy infrastructure and global oil supply routes, raising financial system concerns.

Key Developments

1. Iran Signals Leadership Succession Amid Conflict
Iranian officials confirmed that Mojtaba Khamenei—the son of Ayatollah Ali Khamenei—has emerged as the likely successor to the Supreme Leadership. Cleric Hossein Ali Eshkevari indicated that a vote for the next leader has already taken place and the formal announcement may come soon.

If confirmed, Mojtaba’s appointment would represent a continuation of the current ideological direction of the Iranian government, reinforcing hardline policies during an already volatile regional conflict.

The timing of this leadership transition is particularly significant as Iran faces military pressure, economic sanctions, and geopolitical confrontation simultaneously.

2. Israeli Airstrikes Intensify Inside Tehran
Israeli forces continued large-scale strikes targeting fuel depots and strategic infrastructure across Tehran, producing massive smoke plumes visible across the capital.

Israeli officials claim the targeted facilities supply fuel and resources to Iran’s military operations, while Iran’s foreign ministry condemned the strikes as a “dangerous new phase” of war and a violation of international law.

Among those reportedly killed during the strikes was Abolqasem Babaian, head of the military office connected to Iran’s Supreme Leader.

Israeli Prime Minister Benjamin Netanyahu vowed to continue the campaign until Iran’s military capability is significantly weakened, signaling the conflict may continue for an extended period.

3. Regional Conflict Expands Across the Gulf
The war has increasingly spilled beyond Iran and Israel, with multiple Gulf nations reporting drone and missile attacks linked to Iranian forces.

Recent incidents include:

• Kuwait: Drone strikes sparked fires and killed two police officers.
• United Arab Emirates: Casualties were reported among migrant workers during attacks.
• Bahrain: A desalination facility was damaged, though water supplies remained stable.
• Saudi Arabia: A projectile strike killed two civilians and prompted warnings of potential retaliation.

The expansion of hostilities into key energy-producing regions raises serious concerns for global supply stability, especially if critical infrastructure becomes a sustained target.

4. Hezbollah and Lebanon Enter the Conflict
The war has also widened along Israel’s northern border as Hezbollah launched rockets and drones from Lebanon into Israeli territory.

Israel responded with heavy airstrikes across southern Lebanon, resulting in numerous casualties including civilians.

This widening front increases the risk of a broader regional war involving multiple state and non-state actors, potentially destabilizing the entire Middle East.

Why It Matters

The combination of leadership uncertainty inside Iran and expanding military conflict across key energy regions creates a highly volatile geopolitical environment.

The Middle East remains one of the most critical energy supply centers in the world, meaning disruptions can rapidly impact:

• Global oil prices
• Shipping lanes and trade routes
• Inflation and economic stability worldwide

Markets are closely watching whether energy infrastructure or major shipping routes become prolonged targets.

Why It Matters to Foreign Currency Holders

Major geopolitical conflicts involving energy-producing regions often trigger rapid financial and currency market reactions.

Potential effects include:

• Oil price volatility influencing currency strength and trade balances.
• Investor movement toward safe-haven assets such as gold and commodities.
• Accelerated discussions around alternative trade settlement systems as geopolitical blocs shift alliances.

Periods of conflict involving energy markets have historically accelerated financial system adjustments and geopolitical realignments.

Implications for the Global Reset

• Pillar 1 – Energy Infrastructure as Strategic Leverage
  Control of fuel depots, refineries, and supply routes remains one of the most powerful tools in modern geopolitical conflict. Disruptions can quickly influence global inflation, currency values, and economic stability.

• Pillar 2 – Geopolitical Realignment and Financial Fragmentation
  Escalating regional conflict may push countries to diversify alliances, payment systems, and commodity trade partners, particularly as sanctions and war reshape global supply networks.

As power blocs adjust to a more volatile world order, economic and financial institutions may evolve alongside shifting geopolitical alliances.

This is not just a regional conflict — it is a stress test for the global financial and energy systems.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — “Iran Anoints Khamenei’s Son as Successor as Israel Ramps Up Strikes”

• Reuters — “Israel intensifies strikes on Iran as regional tensions escalate”

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Sunday Morning 3-8-26

The Central Bank Of Iraq: Our Reserves Cover 12 Months Of Imports, And We Are Exploring Alternatives To Secure Salaries

Baghdad – One News     3/08/2026  The Central Bank of Iraq confirmed the strength of foreign reserves, noting that they cover about 12 months of imports, reflecting the stability of the country’s financial situation.

 The bank explained that it is prepared to face any potential economic fluctuations, while continuing to support bank liquidity and ensure the smooth flow of foreign transfers.  He also noted that a number of alternatives and measures were discussed that would ensure the securing of salaries and basic expenses during the coming months.

 https://1news-iq.net/البنك-المركزي-العراقي-احتياطياتنا-تغ/

PSM Restricts Military Wing To “Humanitarian” Activities Only

2026-03-08 Shafaq News- Baghdad   Saraya Al-Salam fighters have been instructed to limit their activities to “humanitarian” duties only, Muqtada Al-Sadr aide Saleh Mohammad Al-Iraqi said on Sunday, as the US-Israel-Iran war continues.

 In a statement, Al-Iraqi said the group, the armed wing of Al-Sadr’s Patriotic Shiite Movement, would organize relief operations, including opening Al-Sadr’s guesthouse to distribute medical, service, and humanitarian assistance in coordination with affiliated organizations.

 Citing rising attacks “from inside and outside” Iraq, Al-Iraqi called for efforts to assist civilians while asking God to protect the country from “colonialism, terrorism, extremism, and corruption.”

 Iraq has seen a surge in drone and rocket attacks as the confrontation between Iran and the United States and Israel widens. Earlier today, a rocket landed in a football field in Basra, while air defense systems intercepted and destroyed two drones targeting Camp Victoria inside Baghdad International Airport.

 The Islamic Resistance in Iraq (IRI), a network of Iran-aligned armed factions, also claimed 24 attacks over the past 24 hours using drones and missiles against US bases in Iraq and across the Middle East. Saraya Al-Salam, although Shiite, is not part of the Popular Mobilization Forces or the Islamic Resistance in Iraq.

 https://shafaq.com/en/Iraq/PSM-restricts-military-wing-to-humanitarian-activities

Al-Sadr Freezes The Security And Military Activities Of The Peace Brigades: Their Duty Is Purely Humanitarian

 Baghdad – One News     3/08/2026  The leader of the Shiite National Movement, Muqtada al-Sadr, directed the Peace Brigades to adhere only to their "humanitarian duty".

 “The Minister of the Commander,” quoting al-Sadr, said: “O God, protect Iraq, its holy sites, and its people from all evil. There are those who want to harm it from within and from abroad.

From here, we direct our dear brothers in the Peace Brigades, especially in these harsh circumstances, to carry out their humanitarian duty only until further notice, especially with the escalating pace of attacks from within and from abroad.”

 He continued, “Therefore, we will direct them in a subsequent statement to open the Al-Sadr guesthouse and to issue special authorizations for medical, service, and humanitarian aid and the like, according to the time and place specified at that time, and in coordination with our dear brothers in the Al-Bunyan Al-Marsous administration.”

 https://1news-iq.net/الصدر-يجمد-النشاط-الأمني-والعسكري-لسر/

Leader Barzani: Aggression Against Kurdistan Region Will Not Be Tolerated

2026-03-08 Shafaq News- Erbil (Updated at 18:10)   Kurdish leader Massoud Barzani condemned on Sunday the wave of attacks targeting civilian areas, economic infrastructure, and Peshmerga positions in the Kurdistan Region, warning that continued assaults threaten the Region’s stability and security.

 In a public message, Barzani stressed that “the people of Kurdistan have never embraced war but have always sought peace and coexistence. When faced with conflict, they defend their rights and security, guided by a long-standing culture of peace.”

 Urging the Government of Iraq, Iraqi Parliament, and the Shiite Coordination Framework to act decisively to halt the violence, he added that disputes must be resolved through peaceful means, noting that war leaves nothing but destruction and suffering in its wake.   Barzani Headquarters بارەگای بارزانی  sronotSdpec7ugt1c2ma73lma14ta910tiat245i00h23fhh3mglc30l07a0 ·

 A Message From President Barzani To The Public Opinion.

In the name of the merciful God.

 Throughout history, the nation of Kurdistan has never been with war and always wanted peace and harmony. Even if war was fought, they defended themselves and their rights. It is an unchanging principle and it is originally from a strong and rich faith in peace and unity of the Kurdistan nation.

It is very sad that there is a lot of war and tension in our area, now and then, we hope that all problems and problems will be resolved through peace, because war is always the cause of destruction and destruction.

 It is a surprise that some groups and parties are under the name of the mob, with excuses and unnecessary lies, they allow themselves to attack the civil and sub-economy of Kurdistan Region and the bases and headquarters of Peshmarga. This is a war and a public assault on the rights of the citizens, stability and security of Kurdistan Region.

This is where everyone should know well that Independence has its limits. Peshmarga has never accepted injustice or injustice from any side, it can't and it should not be possible that the war selling and destroying the stability of the Kurdistan region and the security of the people by those groups should continue.

 For this purpose, we ask the government, the council of representatives of Iraq and the political parties specially the coalition framework to put a line and a limit to those abuses, because the continuing war will have bad consequences.

 I am expressing my condolences to the families and relatives of those loved ones who were martyred as a result of the unprecedented attacks, we will ensure that the people of Kurdistan will continue to make Kurdistan far from war and misery, peace, security and the lives of the people are safe and victorious. It will be for the Kurdistan nation.

Masoud Barzani

Barzani also criticized groups operating under the name of the “Resistance,” describing their attacks as “a direct assault on citizens,” while warning that “self-restraint has limits, and the Peshmerga will not tolerate aggression that undermines the security of Kurdistan and its people.”

 Meanwhile, Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani condemned the deadly attacks on Erbil, describing them as “unjustified” and driven by “blind hatred and deep-seated malice” toward the region and its people.

Speaking at the funeral of Walat Taher, a member of Erbil International Airport’s Asayish forces killed in the attacks, he stressed that Kurdistan has “never been and will never be a source of threat” to neighboring countries.

 The Kurdistan Region has recently witnessed rising military tensions, with repeated strikes on strategic sites, including the Harir Air Base and Erbil International Airport, amid ongoing confrontations involving Iran, the United States, and Israel.

 Read more: Caught between war and neutrality: Kurdistan navigates escalating US-Iran confrontation

 https://shafaq.com/en/Kurdistan/Leader-Barzani-Aggression-against-Kurdistan-Region-will-not-be-tolerated

President Masoud Barzani: We Call On The Government, The Parliament, And Political Parties To Put An End To These Attacks

Kurdistan – One News    3/08/2026  In a message regarding the attacks on the Kurdistan Region, President Masoud Barzani declared that the people of Kurdistan have never been in favor of war and have always called for peace and coexistence, saying: “All parties must know very well that restraint also has its limits. The Peshmerga have never accepted injustice and oppression from any party.”

 In recent days, following the outbreak of hostilities between Iran, the United States, and Israel, armed groups have been launching attacks from Iraq on cities in the Kurdistan Region. Last night alone, approximately 20 drones and missiles attacked Erbil and Sulaimaniyah, resulting in the death of a security officer in Erbil.

 President Barzani says: “This hostility and undermining of the stability of the Kurdistan Region and the security of its citizens by these groups cannot and should not continue. For this purpose, we call on the Iraqi government, the Council of Representatives, and the political parties, especially the Coordination Framework, to intervene seriously and put an end to these attacks.”    https://1news-iq.net/الرئيس-مسعود-بارزاني-ندعو-الحكومة-ومج/

Iraq Vows Neutrality In Rising Regional Conflict

2026-03-08 Shafaq News- Baghdad    

Iraq has ruled out becoming part of the ongoing regional conflict, warning that its territory will not be used for attacks on neighboring countries, as the war between the United States, Israel, and Iran continues to escalate.

 At the extraordinary Arab League ministerial meeting held via video on Sunday, Foreign Minister Fuad Hussein led Iraq’s delegation and condemned recent assaults across Iraq, noting they are intended to draw Baghdad into the regional war, which the country categorically opposes, calling for its end.

 He further underlined Iraq’s commitment to diplomacy, stressing its longstanding support for negotiations between Iran and the United States, while cautioning that an expanding conflict threatens all regional countries and risks prolonging the war.

 "The situation in the Strait of Hormuz poses serious risks," he warned, adding that it could directly affect Iraq, the wider region, and global energy markets, potentially triggering energy shortages and large-scale displacement.

  وزارة الخارجية العراقية       soprtSoendiga69ic55lmtm19298f1t0h1uh0606u6iu78h12g316f9ft4g0 ·

XCLUSIVE: Washington Eyes Kurdish Unrest To Pressure Tehran

2026-03-08   Shafaq News- Washington    The administration of US President Donald Trump is betting on internal unrest —particularly among Iranian Kurdish groups— as part of a broader strategy to pressure the Iranian government amid the escalating military confrontation with Tehran and its allied factions, former US diplomat William Lawrence told Shafaq News on Sunday.

 Lawrence, director of regional studies at the National Council on US-Arab Relations and a professor at the American University in Washington, said the conflict that erupted on February 28 between the US and Israel on one side and Iran on the other is part of a long-running confrontation unlikely to end soon.

 Drawing on more than 15 years of diplomatic service in seven Middle Eastern countries, Lawrence described the current war as an extension of decades of tension between Iran and its adversaries rather than a short-lived crisis.

 He also ruled out the possibility that the confrontation could evolve into a Vietnam-style war, noting that Vietnam involved a large-scale ground invasion, while there are no indications that the United States plans to invade Iran with ground troops.

nstead, in his view, the conflict more closely resembles scenarios seen in Venezuela, Libya, or Afghanistan before direct intervention, where air power is used to shape developments on the ground without deploying large US ground forces.

 Read more: Between war and neutrality: Kurdistan navigates US-Iran confrontation

 Kurdish Uprising

 According to Lawrence, Trump seeks to pressure Iran’s political system and views unrest in Iran’s Kurdish regions as a potentially positive development. Localized uprisings in Iranian Kurdistan, he explained, could serve as the starting point for broader internal instability across the country.

 He compared this approach to earlier conflicts where local forces advanced with external backing. The model resembles the 2001 Afghanistan campaign, when Kabul fell through the advance of “local militias” supported by US special forces and American air power.

 Reports indicating Kurdish forces have moved deeper into Iranian territory would likely suggest that those groups received firm assurances of aerial support from US and Israeli aircraft.

 Even so, he expressed doubt that such a strategy could lead to the collapse of the Iranian government. Iran’s military establishment and affiliated forces number roughly one million personnel, making widespread defections unlikely. He also pointed to historical experience suggesting that many Iranians reject leaders perceived as chosen or supported by foreign powers, recalling lessons associated with the events of 1953.

 Inside the United States

 Trump, Lawrence said, remains deeply concerned about the upcoming midterm elections. He pointed to divisions within the American right as well as growing opposition among left-leaning voters and independents to attacks on Iran and what they view as unconditional support for Israel.

He explained that the administration is seeking a swift outcome that could be presented domestically as a victory before the elections. Losing control of both the House of Representatives and the Senate would significantly weaken Trump politically, potentially reopening the door to renewed impeachment efforts.

In Lawrence’s assessment, the administration’s handling of the crisis appears closely tied to electoral considerations, with the possibility that Washington may ultimately seek symbolic concessions from Iran similar to those he believes were achieved in cases such as Denmark’s position on Greenland or recent dealings with Venezuela.

 Twenty-one Countries Involved

 The professor also revealed that the conflict has expanded beyond the immediate parties involved, saying that 21 countries are currently participating militarily in various forms. Among those recently joining operations are Azerbaijan, Greece, France, and the Netherlands, while Egypt remains the only major Middle Eastern country that has not entered the conflict directly so far.

 Russia and China, he added, are supporting Tehran through weapons supplies, intelligence sharing, and drone technology, though there are currently no indications that Moscow or Beijing intend to enter the fighting directly with their own forces.

 The war, he concluded, is unlikely to produce a decisive military victory for either side. Instead, it will likely end only after the parties reach a stage of exhaustion, eventually forcing negotiations toward a ceasefire or a fragile settlement. For Iran, the survival of the regime itself would amount to victory, while for Washington, success would mean forcing a change in the regime’s behavior.

 For Shafaq News, Mostafa Hashem, Washington, DC.

 https://www.shafaq.com/en/World/EXCLUSIVE-Washington-eyes-Kurdish-unrest-to-pressure-Tehran

“Tidbits From TNT” Sunday 3-8-2026

TNT:

Tishwash: Iraq extends airspace closure again by 72 hours

 2026-03-07 | 13:49

 BAGHDAD — Iraq’s Civil Aviation Authority on Saturday extended the country’s airspace closure for another 72 hours, keeping it shut to all incoming, outgoing and transit flights until noon Tuesday.

The authority cited “the continued assessment of the security situation and regional developments,” adding that the measure would be reviewed in line with new developments and that airlines would be notified of any updates.

Iraq has kept its airspace closed since last Saturday following U.S. and Israeli strikes on Iran and subsequent Iranian missile and drone launches across the region. The closure was previously extended for 24 hours, then 48 hours, before Saturday’s 72-hour extension.

Tishwash:  The Tehran stock market is closed until further notice. 

Iranian Economy Minister Ali Madani Zadeh announced on Saturday, March 7, that the stock market will remain closed until further notice, based on a decision issued by the Supreme Council of the Stock Exchange.

It is worth noting that the Iranian government announced last week the suspension of all administrative and economic activities in the country following the killing of Supreme Leader Ali Khamenei, and this suspension was scheduled to continue until Sunday, March 8.  link

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Tishwash: Al-Shammari: Most of the forces within the Coordination Framework withdrew their nomination of former Prime Minister Nouri al-Maliki, with the exception of two parties.

 MP Kazem al-Shammari, from the Services Bloc, confirmed that most of the forces within the Coordination Framework have withdrawn their support for former Prime Minister Nouri al-Maliki, with the exception of only two entities that still back his candidacy.

 He indicated that the Framework currently lacks a "big father figure" capable of managing disputes and proposing initiatives.  link

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

Tishwash: Sudani ally reads Maliki tweet as ‘withdrawal’ from premiership race

2026-03-07 | 23:35

BAGHDAD — A senior ally of Prime Minister Mohammed Shia al-Sudani said Saturday that a recent tweet by former Prime Minister Nouri al-Maliki amounts to a de facto withdrawal from the race for the premiership — a significant shift after weeks in which Maliki had resisted pressure to step aside.

Bahaa al-Araji, head of Sudani’s Reconstruction and Development bloc in parliament, said on Al-Sharqiya TV that he interpreted Maliki’s message as stepping back from the nomination.

“I read Mr. Maliki’s tweet, in which he called on the next government to follow an independent national approach away from political axes. This represents a withdrawal from the nomination for the position of prime minister, and he should be thanked for that under the current circumstances,” Araji said, adding that the tweet “reflected the position of a statesman and a leader who understands the situation in all its details.”

Araji also said the Coordination Framework’s most recent meeting reflected a shift away from Maliki’s candidacy. “Its leaders reached a consensus that it would be difficult to proceed with Mr. Maliki’s nomination,” he said.

He positioned Sudani as the dominant figure in the current political moment. “Sudani is no longer just a candidate. Today, Sudani is the decisive figure at this stage. Who among the other candidates can reach an understanding with both the United States and Iran at the same time?”

Araji also noted his bloc’s parliamentary weight in ongoing negotiations, saying its 50-odd seats entitle it to five ministries.

In the March 5 tweet, Maliki wrote that Iraq “must be an effective balancing element in its regional environment” and called for an “independent national approach that does not engage in axes” — language Araji interpreted as a signal of withdrawal.

Maliki’s candidacy had become an increasingly awkward standoff within the Coordination Framework. After being nominated following the 2025 elections, he faced mounting pressure to stand down but refused to withdraw, repeatedly absenting himself from Framework meetings rather than formally conceding — leaving the alliance in the position of having to either force him out or proceed with a nominee that Washington had publicly rejected. U.S. President Donald Trump warned that Washington could reconsider its support for Iraq if Maliki became prime minister, and the Foreign Ministry said the U.S. message included an “explicit hint” of sanctions.

Mot: Secret to Long Life

Seeds of Wisdom RV and Economics Updates Sunday Morning 3-8-26

Good Morning Dinar Recaps,

Oil Shock, Sanctions Shifts, and Economic Weakness: New Developments Signal Stress in the Global Financial System
Energy market disruption and policy shifts in the last 24 hours highlight growing cracks in the current global economic order.

Overview (Key Points)

• Global oil prices surged above $92 per barrel, shaking financial markets.
• The U.S. is considering easing sanctions on Russian oil to stabilize global supply.
• Unexpected U.S. job losses raised recession concerns, adding pressure to global markets.
• These developments are fueling inflation risks and accelerating conversations about alternative financial systems.

Key Developments

1. Oil Prices Surge Amid Global Energy Disruptions
Energy markets were rattled as Brent crude jumped more than 8% to about $92 per barrel, the highest level in nearly two years. The surge was driven by supply disruptions in the Middle East and production cuts from major producers, creating immediate volatility in global markets.

Energy analysts warn that if geopolitical tensions continue, oil prices could climb as high as $150 per barrel, a scenario that would significantly impact inflation, global trade costs, and economic stability.

Oil remains the foundation of global trade settlement, meaning price shocks ripple directly through currency markets, sovereign debt costs, and international trade balances.

2. U.S. Considers Lifting Sanctions on Russian Oil
In response to tightening energy supplies, U.S. Treasury officials indicated the government may allow additional Russian oil to re-enter global markets. The administration already issued a temporary waiver allowing India to purchase Russian crude stranded at sea, with officials now exploring whether more sanctioned barrels could be released.

Treasury officials say hundreds of millions of barrels of sanctioned oil currently remain stranded, and unsanctioning them could immediately increase supply and stabilize markets.

This decision highlights how energy security is forcing policymakers to reconsider geopolitical sanctions, demonstrating how fragile global supply systems have become.

3. Weak U.S. Jobs Report Raises Economic Concerns
Compounding market anxiety, the latest U.S. employment data showed an unexpected loss of roughly 92,000 jobs in February, contradicting forecasts that anticipated continued growth.

The job losses spanned multiple sectors including:

• Healthcare
• Hospitality
• Construction
• Manufacturing

Financial markets reacted quickly.

• The Dow Jones fell more than 400 points.
• European markets posted their worst weekly performance in nearly a year.
• Bond yields rose, reflecting expectations that inflation may remain elevated.

Together, rising oil prices and economic weakness are creating stagflation fears—one of the most destabilizing conditions for global financial systems.

4. IMF Warns Energy Inflation Could Slow Global Growth
The International Monetary Fund warned that higher oil prices could dampen global economic growth while intensifying inflation pressures.

Energy-driven inflation increases transportation costs, manufacturing expenses, and food prices, making it harder for central banks to stabilize economies through monetary policy.

For many emerging markets already carrying heavy debt loads, rising commodity costs combined with slower growth could trigger currency volatility and financial stress.

Why It Matters

These developments highlight three major stress points within the current global financial architecture:

• Energy supply shocks that threaten price stability
• Geopolitical sanctions reshaping commodity flows
• Economic slowdowns colliding with persistent inflation

When these forces occur simultaneously, they often accelerate structural changes in global finance, including new trade alliances, currency diversification, and alternative payment infrastructure.

Why It Matters to Foreign Currency Holders

For those watching the evolution of the global monetary system, several signals stand out:

• Energy markets remain the backbone of international currency flows.
• Sanction adjustments reveal the limits of political control over commodity markets.
• Economic instability increases pressure for alternative financial mechanisms.

Historically, major monetary transitions often emerge during periods of combined geopolitical conflict, inflation, and economic uncertainty.

Implications for the Global Reset

• Pillar 1 – Energy Markets Driving Monetary Shifts
  Oil remains one of the most powerful forces shaping global currency dynamics. When supply disruptions occur, they force nations to rethink payment systems, alliances, and trade settlement structures.

• Pillar 2 – Sanctions Reshaping Global Trade Networks
  The potential release of sanctioned Russian oil shows that economic pressure tools are increasingly fluid, and global commodity flows are adapting to geopolitical realities.

As nations experiment with new payment rails, regional trade blocs, and alternative reserve strategies, the global financial system may gradually transition toward a more multipolar structure.

This is not just market volatility — it’s the financial architecture of the post-Bretton Woods era evolving in real time.

Sources

• The Guardian — “Brent crude hits $90 as Middle East tensions shake markets”

• Anadolu Agency — “US may lift sanctions on additional Russian oil to ease global supply gap”

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BRICS Walks a Strategic Tightrope: De-Dollarization Push Collides With Western Economic Pressure
The bloc is advancing financial alternatives while simultaneously avoiding direct confrontation with Western financial power.

Overview (Key Points)

 • BRICS nations continue promoting de-dollarization and expanding gold reserves, signaling a long-term financial shift.
• At the same time, bloc statements and diplomacy often soften under Western pressure, revealing internal divisions.
• BRICS central banks now hold more than 6,000 tons of gold, roughly 21% of global central bank reserves.
• Analysts say this dual strategy reflects a pragmatic balancing act between economic reform and geopolitical realities.

Key Developments

1. BRICS Messaging Reveals a Strategic Balancing Act
Recent diplomatic developments highlight how BRICS is attempting to navigate two competing priorities: advocating for global financial reform while maintaining stable economic ties with Western markets.

At the 2025 BRICS Summit in Rio de Janeiro, the bloc’s joint declaration expressed “serious concerns” about rising global tariffs, but notably avoided directly naming the United States.

This careful wording reflected the delicate balance BRICS nations face:

 • Promoting alternatives to Western financial dominance
• Avoiding economic retaliation from major Western trading partners

U.S. President Donald Trump warned that countries aligning with “anti-American policies of BRICS” could face additional tariffs, highlighting the economic stakes involved.

2. India Signals Caution on Dollar Displacement
India, which currently chairs the bloc, has taken a measured stance on de-dollarization rhetoric.

Indian External Affairs Minister S. Jaishankar emphasized that the U.S. dollar still plays a stabilizing role in the global economy, stating that global markets currently need “more economic stability, not less.”

This position reflects the reality that many BRICS members remain deeply integrated into the Western financial system, even while exploring alternative frameworks.

The result is a dual-track strategy: gradual financial diversification without immediate disruption to global monetary stability.

3. Iran Crisis Exposes Internal Political Divisions
The bloc’s response to geopolitical tensions has also highlighted its diverse and sometimes conflicting national interests.

When Iran—one of the bloc’s newest members—came under attack in 2025, BRICS took eleven days to release a joint statement, and the statement did not identify any specific aggressor.

The delay underscored how member states maintain independent foreign policies, even when crises involve fellow BRICS partners.

During the same period:

 • India strengthened relations with Israel
• Iran criticized regional responses to its missile actions
• Other members remained diplomatically cautious

Analysts say this illustrates that BRICS functions more as a coalition of interests than a unified geopolitical alliance.

4. Gold Accumulation Signals Long-Term Financial Strategy
While political unity remains limited, BRICS financial strategy is advancing steadily—particularly through gold accumulation and alternative settlement mechanisms.

Central banks within BRICS now hold over 6,000 tons of gold, accounting for roughly 21% of global central bank gold reserves.

Two countries dominate these holdings:

 • Russia: approximately 2,336 tons
• China: approximately 2,304 tons

Meanwhile, experimental initiatives are emerging, including a gold-linked settlement instrument known as “Unit,” which combines 40% gold backing with 60% BRICS currencies.

These developments reflect a long-term effort to diversify reserve assets and reduce dependence on a single global currency system.

Why It Matters

BRICS’ strategy reveals the complex realities of reshaping the global financial system.

On one hand, the bloc is:

 • Expanding gold reserves
• Exploring digital and alternative payment systems
• Advocating reforms to global financial institutions

On the other hand, members remain economically intertwined with Western markets, which limits how quickly systemic changes can occur.

The result is a gradual transition rather than an abrupt financial revolution.

Why It Matters to Foreign Currency Holders

For observers tracking potential global monetary shifts, BRICS developments remain a key signal.

• Central bank gold accumulation often indicates long-term monetary hedging strategies.
• Alternative payment systems could diversify how global trade is settled.
• A gradual decline in dollar reserve share suggests a slow transition toward a more multipolar financial system.

These trends do not necessarily signal immediate disruption—but they do suggest structural change unfolding over time.

Implications for the Global Reset

• Pillar 1 – Strategic Diversification of Reserve Assets
   The continued accumulation of gold by emerging economies indicates growing interest in reserve diversification, particularly as global financial risks increase.

• Pillar 2 – Incremental Development of Alternative Financial Infrastructure
   Payment systems, digital currency discussions, and settlement experiments within BRICS suggest parallel financial networks may gradually develop alongside existing systems.

This evolution reflects a world economy transitioning toward greater financial plurality rather than a single dominant monetary framework.

This is not just diplomacy — it’s the slow redesign of the global financial architecture.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher Guru — “BRICS Playing a Double Game Between De-Dollarization and the West”

• Reuters — “BRICS nations debate alternatives to the dollar amid global trade tensions”

~~~~~~~~~~

🌱 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 Morning 3-8-26

Fearing They Will Be Targeted By Bombing, Kuwaiti Banks Are Closing Their Branches In High-Rise Towers.

banks    Economy News — Follow-up   Several Kuwaiti banks and companies announced on Sunday the temporary closure of their headquarters located in high-rise towers, following a fire that broke out on the upper floors of the Public Institution for Social Security tower as a result of it being targeted by an Iranian drone, according to what was reported by media outlets and official platforms.

The National Bank of Kuwait said in a statement published on its X platform page that it has decided to close its headquarters starting from Sunday, March 8, until further notice, in light of current developments and in order to ensure the safety of employees and the continuity of business.

For its part, Kuwait Finance House announced the suspension of work on Sunday in the two main buildings (1 and 2) and their affiliated departments in the “KFH” tower, as a precautionary measure related to the current developments.

Boubyan Bank also announced, in a post on the “X” platform, the temporary suspension of work at its headquarters and branches for Sunday, March 8, in light of the security developments.

For its part, the telecommunications company “Ooredoo Kuwait” announced the closure of its main building branch starting today until further notice, as a precautionary measure.

These measures come at a time of escalating tension in the region, amid fears of attacks targeting high-rise or vital facilities in a number of Gulf countries.    https://www.economy-news.net/content.php?id=66487

America Spends $6 Billion In The First Week Of The War Against Iran

Arabic and international   Economy News - Follow-up   The United States spent about $6 billion in the first week of its military operation in Iran, according to The New York Times.

According to the newspaper, the Pentagon disclosed the amount to the US Congress this week, and the newspaper indicated that $4 billion of this amount was spent on missiles, especially for Iranian missile interception systems.

The newspaper indicated that the US administration may request additional funding from Congress for the military operation, according to the Russian news agency TASS.

 According to estimates published by the Turkish Anadolu Agency, US forces spent about $779 million during the first 24 hours of military operations in the Middle East, and these expenditures represent about 0.1% of the total US military budget for 2026.

The agency also estimates that the United States has lost nearly $2 billion worth of military equipment since the start of operations against Iran.

Experts warned that continuing the war could significantly increase its costs for Washington, especially with rising oil prices. A Financial Times report stated that every $10 increase in the price of Brent crude could reduce US economic growth by about 0.1 to 0.2 percentage points over 12 months.   https://www.economy-news.net/content.php?id=66505

"Bullion": Gold Will Reach These Levels If The War Lasts A Long Time.

Money and Business   Economy News - Follow-up   Mohamed Salah, the head of operations at "Sabaik" company, confirmed that gold will rise to $5,500 per ounce before the end of the first half of 2026, but if the war continues, it will fall to $4,800.

Salah added that the movement of gold was affected by several factors, noting that investors look for assets that generate returns during times of inflation.

Gold prices were largely stable in their last trading session globally the day before yesterday, after falling by more than 1% in the previous session, as investors continue to assess the impact of the escalating conflict in the Middle East on the global economy.

Spot gold was steady at $5,076.09 an ounce by 01:16 GMT. U.S. gold futures for April delivery rose 0.1% to $5,084.50.

The dollar was broadly steady in early Asian trading on Tuesday, on track for its biggest weekly gain in more than a year, as escalating conflict in the Middle East boosted demand for safe-haven assets.

The euro and yen remained under pressure after oil prices rose due to the conflict, fueling inflation risks in economies dependent on energy imports and upsetting expectations about the policies of the Federal Reserve (the US central bank) and other central banks.   https://www.economy-news.net/content.php?id=66504

A Noticeable Decrease In Gold Prices In Local Markets

Money and Business   Economy News – Baghdad   Prices have fallen in local markets in the capital, Baghdad, today, Sunday, with a noticeable decline in the value of buying and selling compared to previous days.

The selling price of one mithqal of 21-karat gold from the Gulf, Turkey, and Europe in the wholesale markets of Al-Nahr Street in Baghdad was recorded at about 1.124 million dinars, while the buying price reached 1.120 million dinars, after it was higher during yesterday’s trading.

One mithqal of 21 karat local product recorded a selling price of 1.094 million dinars, compared to 1.090 million dinars for purchase.

In goldsmith shops, the selling price of a mithqal of 21-karat gold from the Gulf ranged between 1.125 million and 1.135 million dinars, while the selling price of a mithqal of local product ranged between 1.095 million and 1.105 million dinars.

In Erbil markets, 22-karat gold was priced at 1.180 million dinars, 21-karat gold at 1.128 million dinars, and 18-karat gold at approximately 967,000 dinars.    https://www.economy-news.net/content.php?id=66494

Kia Tops Car Sales In Iraq For 2025

Money and Business   Economy News – Baghdad   Data from the Iraqi car market showed a change in positions, with South Korea’s Kia surpassing Japan’s Toyota to become the best-selling brand in the local market for 2025, while South Korea’s Hyundai dropped to fifth place.

A report by Focus 2 Move indicated that "the car market in Iraq witnessed a slight decline during 2025, with total sales decreasing by -0.7% year-on-year."

As for brands, Kia topped the list with a growth of 19.1% and a market share of 27%, advancing one place. Toyota came in second after its sales decreased by 27.4% and it dropped one place, while the Japanese Nissan took third place after climbing ten places and achieving tremendous growth of 610.2%.

China's MG came in fourth place with a growth rate of 7.5%, while Hyundai dropped to fifth place after losing two places.

As for models, the Kia Frontier became the best-selling car in Iraq, achieving a growth of 25.6% year-on-year, while the Toyota Hilux dropped one place to second place after losing 23% of its sales.

In the electric vehicle market, the sector saw growth of 28.8%, reaching 2% of total car sales, with the sector continuing to experience slow growth.

Toyota dominates the electric vehicle market with a 92.8% share, far ahead of Lexus and Land Rover, while Iraq's efforts to boost non-oil revenue sources are expected to accelerate the adoption of this technology in the future.

https://www.economy-news.net/content.php?id=66498

Hormuz Tensions Threaten The Arrival Of Indian Tea To Iraq

Money and Business   Economy News - Follow-up   An Indian newspaper warned on Sunday that escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz could threaten the flow of Indian tea exports to Gulf markets, particularly Iraq.

The Times of India reported that "Indian exporters are increasingly concerned about the possibility of shipment delays or disruptions to shipping in this vital sea lane, through which a large proportion of trade between Asia and the Middle East passes, which could lead to higher transportation and marine insurance costs and slower access to regional markets."

The report, which was reviewed by Shafaq News Agency, quoted tea industry experts as saying that "about 60% of Indian tea exports pass through shipping routes linked to the Strait of Hormuz towards Middle Eastern markets, which makes the sector highly vulnerable to any geopolitical disturbances in the region."

He added that "continued tensions may also affect food prices in importing countries, with the possibility of higher shipping costs and longer sea voyages, which may affect the supply of some agricultural and food products."

Iraq is an important market for Asian food commodities, including tea, with trade between the two countries relying mainly on maritime transport across the Arabian Gulf.

Observers believe that any disruption to navigation through the Strait of Hormuz could slow the flow of goods to Iraq and other countries in the region, and increase pressure on supply chains in the coming period.

https://www.economy-news.net/content.php?id=66499

Iraq's Domestic Public Debt Has Risen To More Than 8%

banks   Economy News – Baghdad   The Central Bank of Iraq revealed on Sunday that domestic public debt will increase by the end of 2025.

The bank said in an official statistic that “Iraq’s domestic public debt rose by the end of 2025 to reach 90 trillion and 695 billion dinars, an increase of 8.43% compared to 2024, which amounted to 83.050 trillion dinars, and an increase of 22% compared to 2023, which amounted to 70.558 trillion dinars.”

He added that "the increase came as a result of the increase in discounted treasury remittances at the Central Bank from 49.512 trillion dinars to 52.486 trillion dinars, the increase in term delivery bonds for farmers which amounted to 9.834 trillion dinars, treasury remittances in favor of government banks amounting to 1.870 trillion dinars, and the increase in loans to financial institutions to 15.608 trillion dinars."

He pointed out that "treasury transfers at the Ministry of Finance have decreased to 1.500 trillion dinars and loans to government banks have decreased to 5.600 trillion dinars."   https://www.economy-news.net/content.php?id=66501

Iraq And The Risks Of Closing The Strait Of Hormuz: Financial Repercussions And Strategic Options

Iraq And The Risks Of Closing The Strait Of Hormuz: Financial Repercussions And Strategic Options 

Economy News – Baghdad   Dr. Haitham Hamid Mutlaq Al-Mansour / Economist

In a report published by Reuters this week, JPMorgan warned that the continued closure of the Strait of Hormuz would place significant pressure on oil exports from Iraq and Kuwait, potentially forcing both countries to reduce their production in the near future.

This warning comes amid the strategic importance of the strait, which connects the Gulf to the Gulf of Oman and the Arabian Sea, and through which approximately 20% of global oil and liquefied natural gas trade passes, making it one of the most vital energy arteries for the international economy.

According to the aforementioned bank's estimates, a continued closure could halt a significant portion of oil supplies from both countries within a few days. Iraq possesses export reserves sufficient for only about three days, while Kuwait has a relatively larger capacity, enough to sustain exports for approximately fourteen days thanks to its available storage facilities.

With tanker traffic disrupted in this vital waterway, Iraq may be forced to reduce its exports through the strait. If tanker traffic continues to be disrupted in this crucial waterway, global oil supply could decline by approximately 3.3 million barrels per day by the eighth day of the conflict in the Middle East.

This could rise to about 3.8 million barrels per day by the fifteenth day, before reaching nearly 4.7 million barrels per day by the eighteenth day if the closure persists.

This scenario is particularly dangerous for Iraq given the rentier nature of its economy and its heavy reliance on oil revenues. Under normal circumstances, Iraq exports approximately 3.3 to 3.5 million barrels per day from its southern ports via the Gulf.

These exports constitute about 85–90% of total state revenues and nearly 60% of GDP, both directly and indirectly. Assuming an average oil price of $80 per barrel, halting the export of approximately 3.3 million barrels per day would mean a loss of about $264 million daily, equivalent to roughly $1.85 billion weekly.

These losses could exceed $8 billion monthly if the disruption continues.

These losses are quickly reflected in Iraq's public finances, as the annual budget amounts to approximately 150 trillion Iraqi dinars (around $115 billion), with over 90 trillion dinars of that amount dependent on oil revenues.

Therefore, a halt in exports for a period ranging from two weeks to a month could lead to a significant financial gap exceeding $6 billion to $10 billion, placing direct pressure on the government's ability to pay the salaries of 7 million employees, retirees, and social welfare beneficiaries, in addition to funding infrastructure projects and investment spending.

Furthermore, a decline in oil revenues of this magnitude could impact Iraq's foreign currency reserves at the Central Bank of Iraq, estimated at approximately $110-115 billion. The government might be forced to draw on these reserves to cover current expenditures and maintain the stability of the dinar's exchange rate.

As the crisis persists, Iraq's trade balance, which relies on crude oil for over 95% of its exports, could suffer a severe imbalance. This, in turn, would affect liquidity levels in the domestic economy and the state's ability to finance food and commodity imports.

Thus, the closure of shipping through the Strait of Hormuz could transform from a mere crisis in global energy markets into a direct financial shock to the Iraqi economy, given its heavy structural dependence on oil exports, most of which transit through this strategic waterway.

 Therefore, we suggest several necessary steps to address and mitigate the impact of the lockdown shock, as follows:

First: The political steps to mitigate the risks of the shock are based primarily on balanced diplomacy, seeking to reduce regional tensions, and strengthening Iraq’s role as a conciliatory actor in the region, in a way that protects its economic interests and reduces its exposure to the repercussions of geopolitical conflicts.

Secondly: Economic steps. From a "technical-economic" perspective, one of the most important alternatives within the framework of strategic treatment is:

1.Adopt flexible oil export policies by diversifying export routes and reducing dependence on the Gulf. Iraq has an alternative outlet via the Kirkuk-Ceyhan pipeline, which transports oil to the Turkish port of Ceyhan on the Mediterranean Sea. This requires expediting its reactivation and increasing its export capacity to more than 1 million barrels per day, thus providing a strategic outlet away from the geopolitical risks in the Gulf.

Furthermore, efforts can be made to revive the Basra-Aqaba pipeline project, which connects Iraq to the Red Sea via Jordan, with a design capacity that could reach 1 million barrels per day. This would give Iraq an additional outlet outside the sensitive straits.

2. A flexible storage policy aimed at expanding oil storage capacity both inside and outside Iraq. Increasing storage capacity to at least 20 to 30 million barrels in southern ports or in external storage facilities gives Iraq greater flexibility to continue production even in the event of a temporary export disruption, instead of having to reduce production within a few days.

3. Adopting prudent fiscal policies that reduce overall dependence on oil for budget financing by increasing non-oil revenues, particularly taxes and customs duties, and by stimulating productive sectors such as agriculture and manufacturing. Raising the contribution of non-oil revenues from approximately 10% currently to 25% of total public revenues in the coming years will reduce the economy's vulnerability to oil price shocks.

4. One strategic financial measure is the establishment of a stabilization fund or sovereign emergency fund into which a percentage of oil revenues are transferred during periods of high prices. A fund of between $50 billion and $100 billion could provide a financial buffer, allowing the government to fund salaries and essential expenditures for several months in the event of a sudden export shock.

5. Iraq can work within the framework of coordination with OPEC and major producing countries to mitigate fluctuations in the global market, and seek temporary logistical arrangements in emergency situations, such as using pipelines or export facilities in other countries in the region.

Finally, the most effective solution is to diversify exports in the long term, so that oil is not the almost sole source of revenue. Increasing the contribution of non-oil sectors to GDP to more than 50% over the next decade will make the economy less vulnerable to geopolitical shocks.   https://www.economy-news.net/content.php?id=66461

MilitiaMan and Crew: IQD News Update-Reforms-unification-Evidence-Saleh-RT Bank-REER Ready

MilitiaMan and Crew: IQD News Update-Reforms-unification-Evidence-Saleh-RT Bank-REER Ready

3-7-2026

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=Z3v68EKyQKA

The Precipice

The Precipice

Notes From the Field By James Hickman (Simon Black)   March 2, 2026

“OK, so now I just want a bunker,” a close friend of mine texted over the weekend. And I get it. Fear, apprehension, unease… these are completely normal feelings right now.

 Google Trends shows that searches for “WW3” and “nuclear war” spiked over the weekend.  Similar hashtags on social media (#WW3, etc.) also surged.

 It doesn’t help that much of the legacy media has been stoking these fears, as they almost always do.

 Now, I suspect most people already have very strong opinions on the conflict. I certainly do. So there’s no sense in spending time today trying to litigate whether the military action was a good idea; we’ll all find out soon enough.

 Instead, I want to focus on two key points:

The first is that—regardless of how someone feels about this conflict— World War III is LESS LIKELY today than it was on Friday. And it’s not hard to understand why.

 US military capabilities have been on full display this year— first in Venezuela, where special operations forces managed to extract one of the world’s most tightly protected dictators… and it was over in a matter of hours.

 Only weeks later we see total dominance of Iran’s air defense systems— most of which are Russian or Chinese technology.

 In other words, China and Russia saw their military technology completely embarrassed by the United States. And this unmitigated defeat makes them both less interested in taking on America’s military.

 More importantly, Russia is completely depleted after four years of war in Ukraine. China’s military has almost no combat experience and has never had to project power beyond the South China Sea.

 So while they’ll certainly phone in their condemnations and strongly worded tweets, these countries have neither the capacity nor the inclination for war.

 It’s also noteworthy that the US rolled out a new weapon against Iran— a ‘kamikaze drone’ which was first pioneered by the Iranians themselves.

 Over the past several years the Iranian military developed its low-cost Shahed-136 drone— and sold vast quantities of them to Russia for use in Ukraine.

Well, an Arizona-based defense startup reverse engineered the Shahed-136… and made major improvements with respect to range, firepower, networking, cybersecurity, and more.

 It’s also dramatically more cost effective and can be manufactured in America at less than half the price as the Iranian variant.

 This shows how valuable the US private economy can be in war— managing to best the Iranians at their own game in less than a year. Foreign adversaries cannot ignore this.

 Look, nothing is impossible. But in terms of probabilities— at this moment, the specter of world war, nuclear war, etc. is actually lower… and adversary nations’ appetite for direct military conflict is diminishing by the day.

The second point is what’s really at stake.

 Military action of this scale brings almost infinite permutations. And, yes, there are many possibilities which result in the US subduing Iran’s military and a new, America-friendly regime takes control of the country.

 China has already lost access to Venezuelan oil. Now they stand to lose access to Iranian oil. This is bad news for China’s domestic economy.

 More importantly, by exerting de-facto control (or at least significant influence) over most of the largest oil supplies on the planet—Iran, Venezuela, the US, most of the Gulf states— America would be able to re-establish the US dollar’s dominance.

Every country that wants to buy oil— which is pretty much everyone— would need to own and hold US dollars to pay for it. This means that foreign countries must continue buying vast quantities of Treasury bonds—helping to finance America’s deficit and keep interest rates down.

 But there are other outcomes as well.

 If the remaining military campaign does not go well— if the Iranian regime manages to suppress the protestors, survive the bombings, and maintain their grip on power— then the US could be in trouble.

 US casualties at that point will be mounting. Munitions will be depleting rapidly. And most media attention and political opposition will pounce on the President.

 Frankly I’d expect to see more well-funded protests and professional agitators making a stink across American cities, i.e. the Left will fall back on its Minneapolis/ICE playbook to force a military withdrawal.

 China and Russia would likely take advantage, capitalizing on US weakness and the fact that America’s relations with Europe are heavily strained.

 Between the tariff chaos, domestic social divisions, Congressional intransigence, constant government shutdown threats, etc., adding in a humiliating military defeat in Iran might just be the final straw.

 Led by China, other nations could come together and say, ‘enough is enough’, then force a new Bretton Woods style convention to formally establish a new order that strips the US of its power.

 Again, there are nearly infinite ways in which this could play out. But regardless of where someone stands on this weekend’s airstrikes, it’s important to acknowledge the stakes.

 A successful outcome could provide major benefit to the dollar for decades to come. Defeat could trigger the end of US geopolitical dominance.

 America might just be on a precipice. And we’ll find out which way it goes over the coming weeks.

To your freedom,   James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/the-precipice-154465/?inf_contact_key=071abd843b06b43578c03e94b61a801bdcd31c885f4ab1b34be5363d83ed1062

“Tidbits From TNT” Saturday 3-7-2026

TNT:

Tishwash: Foreign oil companies evacuate their employees from Iraq

 Reuters reported on Saturday that several foreign oil companies have begun evacuating their foreign staff from oil fields in Iraq to Kuwait.

This comes amid fears of an escalating conflict in the region, as the US military in recent days abruptly canceled a major military exercise planned for an elite paratrooper unit, a move that has sparked speculation within the US Department of Defense about the possibility of sending ground troops to the Middle East as the confrontation with Iran widens.

 Financial and consulting institutions have warned of potential repercussions on global oil supplies if the war with Iran continues, pointing to the possibility of a large part of production being halted due to the closure of the Strait of Hormuz.

Approximately 20% of the world's daily oil demand passes through the Strait of Hormuz. With the strait effectively closed for seven days, this meant that roughly 140 million barrels of oil, equivalent to about 1.4 days of global demand, were unable to reach the market.  link

Tishwash: Iraq tells US Envoy it seeks to stay out of regional war

Iraqi Foreign Minister Fuad Hussein told the US chargé d’affaires Joshua Harris on Thursday that Iraq is working to avoid being drawn into the widening regional war, according to Iraq’s Foreign Ministry.

He warned that the fighting threatens broader regional stability and said Baghdad is trying to keep the conflict from spilling into Iraq.

Hussein also outlined the war’s potential economic impact on the country and reiterated that Iraq will protect diplomatic missions operating on its territory.

facebook post

Fuad Hussein, during his meeting with the US Chargé d'Affaires, affirmed Iraq's commitment to shielding itself from the repercussions of the war.

Arabic | English

On Thursday, March 5, 2026, Deputy Prime Minister and Minister of Foreign Affairs, Mr. Fuad Hussein, received the Chargé d'Affaires of the Embassy of the United States of America in Iraq, Mr. Joshua Harris.

During the meeting, they discussed developments in the war in the region and its repercussions on the regional situation. Mr. Fuad Hussein emphasized the seriousness of the continued war and its consequences for the security and stability of the entire region.

The minister stressed that the Iraqi government is making continuous efforts to keep the repercussions of the war away from Iraq, and to prevent it from slipping into the cycle of conflict, in order to preserve its security and stability.

The Minister also gave an explanation of the financial and economic effects of the war and its repercussions on Iraqi society, in light of the challenges facing the region.

In a related context, Mr. Fuad Hussein affirmed the Iraqi government’s commitment to protecting diplomatic missions operating in Iraq and ensuring their security in accordance with international agreements and norms.

He also reiterated that Iraqi territory would not be used as a launching pad for any hostile acts against neighboring countries. In this context, he referred to the Kurdistan Region leadership's declaration that the regional authorities would not allow any party to exploit its territory to organize acts of violence against neighboring countries, including the Islamic Republic of Iran.

Fuad Hussein Affirms Iraq's Determination to Keep the Country Away from the Repercussions of War During Meeting with the US Charge d'Affairs

Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Iraq, HE Mr. Fuad Hussein, received on Thursday, 5 March 2026, the Chargé d’Affairs of the Embassy of the United States of America to the Republic of Iraq, Mr. Joshua Harris.

During the meeting, the two sides discussed the developments of the war in the region and its repercussions on the regional situation. HE Mr. Fuad Hussein stressed the seriousness of the continued war and its consequences for the security and stability of the entire region.

HE the Minister emphasized that the Iraqi government is making continuous efforts to keep Iraq away from the repercussions of the war and to prevent the country from being drawn into the circle of conflict, in order to preserve its security and stability.

HE the Minister also provided an explanation of the financial and economic impacts of the war and their repercussions on Iraqi society, particularly in light of the challenges currently facing the region.

In this context, HE Mr. Fuad Hussein reaffirmed the Iraqi government's commitment to protecting diplomatic missions operating in Iraq and ensuring their security in accordance with international agreements and diplomatic norms.

 HE also reiterated that Iraqi territory will not be allowed to be used as a launching point for any hostile acts against neighboring countries. In this regard, HE referred to statements by the leadership of the Kurdistan Region affirming that the authorities of the Region do not permit any party to exploit its territory to organize acts of violence against neighboring states, including the Islamic Republic of Iran.

more of the article:

He added that Iraqi land will not be used to launch attacks against neighboring states.

The minister also referred to statements from Kurdistan Region authorities that the region will not allow its territory to be used for attacks against neighboring countries, including Iran.

The meeting comes as the United States and Israel continue strikes inside Iran, which Tehran has answered with attacks on Israeli targets and US interests across the region.  link

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Tishwash: A government advisor identifies four paths to achieving economic diversification in Iraq.

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed on Friday that achieving sustainable economic stability in Iraq requires expanding the productive base and activating four main policy paths to reduce dependence on oil revenues.

Saleh told Al-Furat News Agency: “The first path is based on manufacturing natural resources and maximizing their added value, indicating that Iraq possesses strategic resources such as silicon, sulfur and phosphate, and that moving from exporting raw materials to processing them industrially allows for the establishment of integrated production chains that contribute to increasing returns and generating job opportunities.

He added that the second track relates to revitalizing the micro, small and medium enterprises sector, as it is capable of absorbing about 60% of the workforce if the appropriate financial and regulatory environment is available, stressing the need to link these projects to a broader industrial strategy that focuses on infrastructure.

Saleh added that the third path includes developing the agricultural sector and enhancing food security through adopting digital transformation and developing logistics services, noting that expanding agricultural manufacturing doubles the economic value of products and creates productive links between agriculture and industry.

Regarding the fourth track, Saleh called for restructuring the tourism sector through partnership with the private sector and developing tourism infrastructure, stressing that Iraq represents a historical, archaeological and religious treasure trove that can be transformed into an important source of national income.

Saleh concluded by pointing out that achieving economic diversification requires the integration of policies that link industry, agriculture, services and tourism within a comprehensive development vision to build a more sustainable economy.  link

Mot: Remember When?

News, Rumors and Opinions Saturday 3-7-2026

KTFA:

Paulette:  IMO..... After listening to the CC, Frank stated in answer to a question that a HCL has never been passed.  The question alleged that Maliki's COM passed an HCL in 2007 and sent it to Parliament.  The questioner also asked if a COM has never passed a HCL, how can Parliament discuss a HCL much less pass one.

Upon further research this morning, it is reported that Maliki's HCL did pass a HCL in February of 2007 and sent it to Parliament in May of 2007.  This was the culmination of a push by the Bush administration that started in 2004 after they hired the consulting firm Bering Point to help write the law.  

The Bush administration considered this passage of the law as a Benchmark for the Maliki administration.  Although it was sent to parliament, due to its contentious nature, it was never even brought for a First Reading in Iraq's Parliament.  At least that is what my research revealed.  

 I know Frank continues to say Parliament is going to discuss and/or pass the HCL to give money to the citizens.  I am confused as I don't understand from where this money will magically appear.  

90% of Iraq's revenues come from oil sales in USD.  Even an RI will not affect the value of the oil sales.  In fact, each dollar will buy less IQD after the RI that we expect.

 Additionally, Iraq is and has been functioning with a deficit over the last few years.  We have seen many articles regarding this fact  It was always my understanding that money remitted directly to the people can only be from a surplus.  

 I would really appreciate some clarification as to what HCL can be passed by Parliament much less even discussed as Frank himself even said that there has never been an HCL passed.  Wouldn't a COM have to have had to pass it and send it to Parliament and it have a First Reading, a Second Reading, possibly a Third Reading and a vote???

 I really think it would be helpful for Frank and his Teams to weigh in on this as to how Parliament can be in a position to discuss and pass a HCL possibly as early as Saturday and also as to where funds will come from to remit to the citizens......

If we have to wait until the HCL is passed prior to the RI, I think many of us would want to understand what to watch for and how soon this can occur.  It just doesn't seem to me to be possible anytime soon.

 Even the Oil and Gas Law between Baghdad and Kurdistan cannot be finalized and agreed as the non-oil revenues remain a contentious issue.  How can a full HCL be ready for a vote? I am just trying to be a good student and I continue to have more questions than answers.

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Mike: IMO.. I dont know any more than most others about this 'Revalue process and HCL', but I have some long standing beliefs.  One of those is that we will see the HCL (Article 140) prior to or at the same time as a new rate. 

 Im not sure of the exact numbers but I believe that oil sales are in USD and are around 3.5 to 4 mil bbls/day?  As production increases, depending on the agreements with OPEC, that may increase. 

Iraq has paid Kuwait and has paid for the oil infrastructure which needed to be built, so there should be more money for other modernization projects in the budget.  Also, they are starting to use natural gas for their energy needs.

The HCL was never supposed to give citizens money as much as setting aside a portion of the oil sales for future generations- much like Kuwait. 

 It also sets the agreements between the Kurdish region and the Central govt.  They have been discussing this for years.  They have an idea where these numbers lie.  As they find new oil or mineral deposits, the numbers may change slightly to account for this, but they know. 

For them to make a final agreement on anything, they need a gentle push, or maybe a shove.  They need to 'Save Face' in regards to their agreements.  It's not something which we really understand.

The Reval, on the other hand, increases purchasing power.  If the rate goes 1-1 with the dollar, and they remove the 3 zero notes, then they have gained a small amount of purchasing power.  If their rate goes to $2.00, they now can buy twice as much as before, especially with imported goods and services. 

This should also apply to contracts w outside contractors as they are paid with a revalued dinar. 

We have seen for years that the banks in Iraq needed to increase their reserves.  I really dont understand the 'financial system of this world', but if the CBI holds a billion dinar which is currently 1 million dollars, then after a reval at 1-1, its instantly a billion dollars. 

I assume this is how we can afford to be paid. 

They used the dollars we paid to survive the lean times to get their oil infrastructure going.  The world took money out of the financial system when they devalued the dinar.  Now they will be adding it back in. 

My opinion- for what its worth- which aint much!  As the Canadian bank story guy said, Be generous.

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Clare: Exiled Crown Prince of Iran Reza Pahlavi Says He Has Accepted the Role as Iran’s Transitional Leader

Crown Prince Reza Pahlavi from Iran

by Jim Hoft Mar. 6, 2026 12:30 pm

Crown Prince of Iran Reza Pahlavi says he has agreed to accept the role of Iran’s transitional leader.

Reza Pahlavi is the son of the Shah of Iran who fled the country when Ayatollah Khomeneini took control of the Islamic nation.

Reza Pahlavi released this statement earlier today.

The Islamic Republic has launched missiles at the United Arab Emirates, Bahrain, Qatar, Kuwait, Oman, Jordan, Iraq, and Saudi Arabia. It is targeting our Arab neighbors. These violations of their sovereignty are unacceptable, and we condemn them. But this is nothing new. This is who the Islamic Republic has always been, and this is why it must end.

For nearly five decades, this terrorist regime has sown chaos and bloodshed across our region. It propped up Assad, turning Syria into a graveyard. It planted Hezbollah as a state within a state in Lebanon. It armed the Houthis to destabilize the Arabian Peninsula. It empowered militias in Iraq to undermine Iraqi sovereignty. It attacked the economic hubs of the Kingdom of Saudi Arabia and the United Arab Emirates.

None of this has ever been the desire of the Iranian people, but rather that of a regime occupying our country. Now, however, the landscape has fundamentally shifted.

Assad is gone. Hezbollah has been decimated. The regime’s military nuclear program has been set back. Its economy is in a freefall. The pillars of this regime’s aggression are crumbling. The Iranian people have paid the price in blood to reach this moment. The regime massacred tens of thousands of my compatriots in just two days, but it didn’t break the people.

Instead, the regime itself is breaking. Today, his History reminds us of our future potential. Before the revolution, Iran worked closely with Arab leaders, from King Faisal to Sheik Zahid to King Hussein to President Sadat. In Oman, my father helped Sultan Qabuz defend his country against insurgency. We were true partners then. We will be true partners again.   LINK

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

Militia Man  Here is what was to be expected. They are making a move to withdraw Maliki's nomination officially.  An official statement will likely be forthcoming very soon. If they do Al-Sudani is highly likely to get the nod for PM. He is the most qualified, has the largest bloc and global support.  To me at this stage Maliki's nomination is effectively over. The outcome is looking to be a cleaner and more stable government, as the outcome.

Mnt Goat   there is WOW! WOW! WOW! news to tell regarding the RV as we may be getting the new Iraqi government in place very shortly.  Maliki still persisted in not dropping out, however...the Coordination Framework was forced to withdraw Maliki’s nomination. Article:  "THE SHIITE FRAMEWORK DECIDES TO WITHDRAW AL-MALIKI’S CANDIDACY – ARAB MEDIA"  A stormy meeting in Baghdad ends with a preliminary agreement within the Shiite framework to exclude Maliki from the race. Quote:  "...the members of the framework reached a preliminary agreement in their meeting today to withdraw the nomination of Nouri al-Maliki for the presidency of the next Iraqi government and to choose an alternative to be determined later.”  [Post 1 of 2....stay tuned]

Mnt Goat  Can the Coordination Framework still be able to pick their candidate or is this now not allowed since they already pasted all the constitutional deadlines?  Parliament turned this over to the Judiicary to decide what to do next. If it is to be enforced, we can be assured that al-Sudani will be the candidate, since his party has the largest winner in the elections, as the ruling states....according to this ruling, al-Sudani is already now the candidate. If this ruling holds true the Coordination Framework no longer gets to choose the nominee... WOW! WOW! WOW! again…  [Post 2 of 2]

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Can Iraq Revalue At $3 Like Kuwait ?

Dinar for Dummies: 3-6-2026

In this video I compare the 2 countries of Iraq and Kuwait and the values of their currencies.

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