THE NEXT GLOBAL FINANCIAL COLLAPSE (EXPLAINED)

THE NEXT GLOBAL FINANCIAL COLLAPSE (EXPLAINED)

GoldSwitzerland by VON GREYERZ: 3-10-2026

Every monetary system in history has eventually collapsed. Now, we're approaching the end of the current dollar-based era.

In this video, Egon mentions what happens when a monetary system reaches its final stage and how holding physical gold and silver may be the only way to protect your savings.

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

Iraq Economic News and Points To Ponder Tuesday Afternoon 3-10-26

Opinion: US-Iran War To Shake Global Economy But Remain Short

2026-03-10   Shafaq News- Washington   The war between the United States and Iran will have broad repercussions for the global economic environment, a financial analyst told Shafaq News on Tuesday, suggesting the conflict is unlikely to last long.

According to analyst Peter Tanos, oil prices will remain elevated until political leaders reach a settlement. “The US financial system is capable of absorbing the current pressures, as its resilience allows it to withstand the war’s economic repercussions without posing a serious threat to financial stability.”

Tanos said that the US Federal Reserve faces a complex economic dilemma as employment data weakens while inflation risks rise due to the war. The Fed may opt to keep interest rates unchanged for the time being because cutting them to stimulate the economy could increase inflationary pressure.

“The dollar will remain the world’s leading reserve currency and a haven during geopolitical crises,” he indicated, noting that the dollar may face futures competition, but it is likely to remain the primary choice in global trade.

Regarding precious metals markets, Tanos said gold will continue to play its traditional role as a safe haven during periods of uncertainty, though he warned against excessive expectations of further gains. Prices surged over the past year, he noted, meaning the metal’s capacity for substantial additional increases may be limited.

Assessing the trajectory of the conflict, Tanos suggested that “the United States and Israel maintain complete air superiority over Iran and can target any location,” making Tehran’s ability to withstand such pressure limited over time. He predicted that initiatives to end the war could emerge within about a week as military and economic pressures intensify.  For Shafaq News, Mostafa Hashem, Washington, D.C.https://www.shafaq.com/en/Economy/Opinion-US-Iran-war-to-shake-global-economy-but-remain-short

Foreign Oil Companies Leave Iraq’s Akkas Gas Field Over Security Concerns

2026-03-10 Shafaq News- Al-Anbar  Foreign oil companies operating at Iraq’s Akkas gas field have begun temporarily leaving the site in Al-Anbar province pending a security assessment, a source in the Provincial Council told Shafaq News on Tuesday.

The companies decided to suspend their presence at the field less than two months after starting operational work, and the move will remain in effect until the security situation in the area is reassessed.

Days earlier, the US-based Gulf Keystone Petroleum halted operations at the Shaikan oil field in the Kurdistan Region as a precautionary measures, without specifying how long the suspension would last. A similar move was taken by Dubai-listed Dana Gas and Oslo-listed DNO.

Eighteen Chinese oil experts and workers from the US oil services company Weatherford, operating in the Rumaila oil field also decided to left Iraq “temporarily” through the Safwan border crossing in Basra province, however, a source told Shafaq News that due to a lack of prior coordination with Kuwaiti authorities the group is still at the crossing. https://www.shafaq.com/en/Economy/Foreign-oil-companies-leave-Iraq-s-Akkas-gas-field-over-security-concerns

Read more: Iraq’s oil lifeline under pressure: US-Iran war reshapes Baghdad’s economic calculus

Iraq Exports 6.5M Barrels Of Oil To US In February

2026-03-10 Shafaq News- Baghdad/ Washington  Iraq exported 6.552 million barrels of crude oil to the United States in February, the US Energy Information Administration (EIA) said on Tuesday.

According to the EIA, the volume declined from 7.037 million barrels exported in January, placing Iraq fourth among oil suppliers to the United States, behind Canada, Saudi Arabia, and Mexico. Iraqi shipments averaged 249,000 barrels per day in the first week of February, 371,000 bpd in the second, 160,000 bpd in the third, and 154,000 bpd in the fourth.

Among Arab exporters, Iraq placed second after Saudi Arabia, which shipped 15.176 million barrels, while Libya followed with 2.99 million barrels.   https://www.shafaq.com/en/Economy/Iraq-exports-6-5M-barrels-of-oil-to-US-in-February

Gulf Giants Slash 6.7M Barrels From Daily Output

2026-03-10   Shafaq News- Washington  Saudi Arabia, Iraq, the United Arab Emirates, and Kuwait have cut oil production by a combined 6.7 million barrels per day, about one-third of their total output, Bloomberg reported on Tuesday.

According to the data, Saudi Arabia reduced production by 2 million to 2.5 million barrels daily, while Iraq implemented the largest cut, lowering output by roughly 2.9 million barrels per day. The UAE trimmed production by 500,000 to 800,000 barrels, and Kuwait by around 500,000 barrels per day.

The cuts came as Iran’s Islamic Revolutionary Guard Corps (IRGC) declared it has “full control” over the chokepoint, while ship-tracking services showed dozens of tankers idling on both sides. The Strait of Hormuz handles roughly 4.5% of total global trade annually. Oil prices jumped more than 20% on Monday to their highest levels since July 2022, as tensions escalate and concerns mount over potential disruptions to energy supplies and shipping through the waterway.   https://www.shafaq.com/en/Economy/Gulf-giants-slash-6-7M-barrels-from-daily-output

Read more: Iraq’s lifeline under pressure: US-Iran war reshapes Baghdad’s calculus

Iraq Cuts 2.9M Bpd, Biggest Oil Production Reduction Globally

2026-03-10   Shafaq News- Baghdad   Iraq has cut its oil production by about 2.9 million barrels per day, making it the country with the largest production reduction globally amid the US-Israeli war with Iran and the closure of the Strait of Hormuz, an economic said on Tuesday.

In a statement, Nabil Al-Marsoumi noted that Saudi Arabia reduced its output by between 2 and 2.5 million barrels per day, while the United Arab Emirates cut production by about 800,000 to 900,000 barrels per day, and Kuwait by around 500,000 barrels per day. The combined reductions by these countries reached approximately 6.7 million barrels per day, equivalent to one-third of their oil production and about 6% of global supply.

Despite these cuts, oil prices fell below $90 per barrel, after the Group of Seven (G7) asked the International Energy Agency (IEA) to prepare plans to release emergency oil reserves to address supply shortages and rising prices.

https://www.shafaq.com/en/Economy/Iraq-cuts-2-9M-bpd-biggest-oil-production-reduction-globally

Iraq Moving Forward With Securing Oil Exports, Prime Minister’s Adviser Says

Baghdad – INA  Financial adviser to the Prime Minister, Muddher Mohammed Salih, affirmed on Tuesday that Iraq is proceeding with efforts to secure its oil exports in order to maximize revenues and address the budget deficit.

He also reviewed alternative export routes available to Iraq to confront geopolitical challenges, stressing that the continued flow of Iraqi oil is essential to secure 90 percent of state revenues.

Salih told the Iraqi News Agency (INA) that Iraq will continue exporting oil from both an economic and practical standpoint, even amid rising prices, noting that the Iraqi economy relies heavily on oil revenues, which account for more than 85–90 percent of public budget income.

He explained that the continuity of exports does not depend solely on price levels but on several key factors, most notably security stability along maritime export routes, particularly through the Strait of Hormuz, the logistical capacity of southern ports in Basra, and global demand for oil—especially from Asian countries such as China and India. He noted that higher prices provide Iraq with greater incentives to increase exports in order to maximize revenue.

Salih added that if oil prices remain elevated for an extended period, Iraq could potentially reduce or cover a large portion of the budget deficit, increase the government’s fiscal surplus, and strengthen the foreign reserves of the Central Bank of Iraq.

He indicated that this outcome depends on three main factors: daily production levels—estimated at 3–4 million barrels per day—high government spending within the budget, and compliance with production quotas under OPEC and the OPEC+ alliance.

He stressed that while higher prices are helpful, they are not the sole solution to the deficit, as Iraq’s structural economic problem lies in its near-total dependence on oil. He noted that if exports through the Gulf encounter security or geopolitical challenges, as is currently the case, Iraq possesses several alternative export routes.

Among these alternatives, Salih highlighted the pipeline through Turkey, specifically the Kirkuk–Ceyhan pipeline leading to the Turkish port of Ceyhan on the Mediterranean Sea, which reduces reliance on the Strait of Hormuz.

He also referred to exports via southern ports in Basra, including the Basra Oil Port and Khor Al-Amaya Port, which currently represent the primary outlets for Iraqi exports.

He further noted the proposed Iraq–Jordan pipeline project, which would extend to the Jordanian port of Aqaba, granting Iraq access to the Red Sea. In addition, he mentioned the possibility of future connectivity with Saudi Arabia through the revival of older export pipelines toward the kingdom and the Red Sea.

Salih pointed out that other alternatives include expanding domestic oil refining capacity by constructing new refineries to export petroleum products rather than crude oil alone. He also referenced the option of transportation by tanker trucks, noting that the availability of 20,000 tankers could theoretically transport more than three million barrels per day.

However, he stressed that using trucks to transport such volumes is economically impractical compared with pipelines or maritime shipping. According to studies, transporting three million barrels of crude oil per day by truck would require a convoy stretching approximately 500 kilometers, making the option largely unfeasible.

He added that the operational capacity of road transport would likely not exceed 10 percent, even toward destinations such as Aqaba in Jordan.

https://ina.iq/en/economy/46392-iraq-moving-forward-with-securing-oil-exports-prime-ministers-adviser-says.html

IEA Calls For An Emergency Meeting On Strategic Reserves

Today, 18:08   INA–Follow up   AFP reported on Tuesday that the International Energy Agency (IEA) has called for an emergency meeting regarding strategic reserves.

"The IEA has called for an emergency meeting regarding strategic reserves," according to the agency.

https://ina.iq/en/economy/46409-iea-calls-for-an-emergency-meeting-on-strategic-reserves.html

Seeds of Wisdom RV and Economics Updates Tuesday Morning 3-9-26

Good Morning Dinar Recaps,

BRICS Currency Strategy Expands as Alliance Pushes to Challenge Dollar Dominance

Five major financial ambitions signal long-term plans to reshape the global monetary system

Overview 

The economic bloc known as BRICS is continuing to explore multiple pathways to reduce dependence on the U.S. dollar and build alternative financial infrastructure.

Following Western sanctions against Russia in 2022, BRICS nations accelerated discussions about currency cooperation, payment systems, and alternative settlement mechanisms.

While momentum slowed somewhat after pressure from Donald Trump, the alliance’s long-term financial ambitions remain intact.

From a potential shared currency to digital payment infrastructure, BRICS is developing five key monetary initiatives designed to gradually reshape global trade and finance.

Key Developments

1. A Proposed BRICS Common Currency

One of the most widely discussed initiatives is the potential creation of a shared BRICS currency for international trade settlement.

The idea involves developing a new unit of account that member nations could use for cross-border trade, reducing reliance on the U.S. dollar in international transactions.

Such a currency could:

• Facilitate trade between developing economies

• Reduce exposure to Western financial sanctions

• Strengthen economic integration among BRICS members

Although still in the conceptual phase, the proposal reflects growing interest in creating a parallel monetary system.

2. Expanding De-Dollarization Efforts

Another major objective is de-dollarization, a strategy aimed at reducing the role of the U.S. dollar in global trade and financial reserves.

Several BRICS members have already begun:

• Reducing dollar holdings

• Increasing gold reserves

• Conducting trade in non-dollar currencies

Countries across Asia, Africa, and Latin America are increasingly exploring similar policies as they seek to diversify financial risk and reduce exposure to Western sanctions.

3. Local Currency Trade Agreements

A more immediate and practical initiative involves expanding trade settlements using national currencies.

For example, trade between **China and Russia has already shifted dramatically toward local currency settlement.

Recent estimates suggest that more than 90% of trade between the two countries now occurs using the Chinese yuan and Russian ruble, bypassing the dollar entirely.

Expanding such arrangements among other BRICS members could significantly reduce the dollar’s role in emerging market trade.

4. Development of the BRICS Pay System

Another major initiative under discussion is BRICS Pay, a financial settlement system designed to connect central banks and financial institutions across member nations.

The system would allow:

• Direct bank-to-bank transactions

• Cross-border payments without relying on Western financial networks

• Faster and cheaper trade settlement

If implemented, BRICS Pay could function as an alternative to global payment systems that currently dominate international transactions.

5. Linking Central Bank Digital Currencies

The most technologically ambitious proposal involves connecting the central bank digital currencies (CBDCs) of BRICS nations into a unified settlement network.

The Reserve Bank of India has proposed linking digital currencies from BRICS central banks, potentially creating a shared digital settlement mechanism.

Such a system could allow participating countries to:

• Conduct instant cross-border transactions

• Reduce currency conversion costs

• Increase financial independence from traditional banking networks

The concept is expected to be discussed further at the upcoming BRICS summit in New Delhi.

Why It Matters

BRICS initiatives represent one of the most significant challenges to the existing global financial system in decades.

The current international monetary system remains heavily centered around the United States dollar, which dominates:

• Global trade settlements

• Central bank reserves

• International financial markets

Efforts to build alternative systems could gradually create a more diversified and multipolar monetary landscape.

Why It Matters to Foreign Currency Holders

For those watching global financial developments closely, the BRICS currency strategy highlights long-term structural changes underway in the international monetary system.

If these initiatives expand successfully, they could lead to:

• Greater use of non-dollar currencies in global trade

• Alternative settlement networks outside Western financial infrastructure

• New digital currency platforms connecting emerging economies

However, such transformations typically occur gradually over many years rather than through sudden change.

Implications for the Global Reset

• Pillar 1: Parallel Financial Infrastructure Emerging

BRICS initiatives show that major economies are actively exploring parallel financial architecture rather than relying solely on Western systems.

This includes:

• Alternative payment systems

• Local currency trade settlements

• New digital currency networks

Together, these efforts could gradually reduce the dominance of a single global financial center.

• Pillar 2: Multipolar Currency System

Instead of replacing the dollar outright, the emerging trend may lead to a multipolar currency environment where several major currencies and settlement systems coexist.

This type of system would likely feature:

• Regional financial blocs

• Multiple reserve currencies

• Diversified payment infrastructure

Such a shift would represent a structural transformation of global finance.

Conclusion

The five currency ambitions outlined by BRICS reflect a broader effort to reshape the global financial landscape.

From local currency trade to digital settlement systems, the alliance is exploring ways to build financial independence from traditional Western-dominated structures.

While these initiatives remain in various stages of development, they signal a clear strategic direction: the gradual construction of an alternative economic ecosystem alongside the existing global monetary system.

Whether the effort ultimately succeeds or not, the momentum toward a more diversified financial order is unmistakable.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher Guru — "5 BRICS Currency Ambitions"

• Reuters — "BRICS Nations Explore Alternatives to Dollar-Based Trade System"

~~~~~~~~~~

🌱 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 Tuesday Morning 3-10-26

USD/IQD Exchange Rates Slip In Baghdad And Erbil

2026-03-10 Shafaq News- Baghdad/ Erbil    The US dollar opened Tuesday’s trading lower in Iraq, hovering around 155,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 155,500 dinars per 100 dollars, down from the previous session’s 155,750 dinars.

In the Iraqi capital, exchange shops sold the dollar at 156,000 dinars and bought it at 155,000 dinars, while in Erbil, selling prices stood at 154,600 dinars and buying prices at 155,500 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-slip-in-Baghdad-and-Erbil-6

Gold Prices Climb In Baghdad, Erbil

2026-03-10 Shafaq News- Baghdad/ Erbil    On Tuesday, gold prices hovered around 1.13 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 1.130 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.126 million IQD. The same gold had sold for 1.110 million IQD on Monday.

The selling price for 21-carat Iraqi gold stood at 1.100 million IQD, while the buying price reached 1.096 million IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.130 million and 1.140 million IQD, while Iraqi gold sold for between 1.100 million and 1.110 million IQD.

In Erbil, 22-carat gold was sold at 1.175 million IQD per mithqal, 21-carat gold at 1.121 million IQD, and 18-carat gold at 961,000 IQD.   https://www.shafaq.com/en/Economy/Gold-prices-climb-in-Baghdad-Erbil-2-2

Basrah Crude Tops $100 Mark In Rare Price Spike

2026-03-10 Shafaq News- Basrah   Iraq’s Basrah crude climbed on Tuesday, hovering near $100 a barrel, amid a decline in global oil markets.

Basrah Heavy crude rose 21.29% to $100.21 per barrel, while Basrah Medium crude gained 20.80%, reaching $102.16 per barrel.

Brent crude futures fell $4.17, or 4.2%, to $94.79 a barrel. US West Texas Intermediate (WTI) crude was down $3.81, or 4%, to $90.96 a barrel.  https://www.shafaq.com/en/Economy/Basrah-crude-tops-100-mark-in-rare-price-spike

Iraq–Iran Trade Continues At Shalamcheh Crossing Despite Explosions Across Border

2026-03-10 Shafaq News- Basra     Commercial traffic at the Shalamcheh border crossing in southern Iraq is continuing despite more than 20 explosions reported on the Iranian side of the border, a source at the crossing told Shafaq News.

Video footage captured by Shafaq News shows trucks and travelers continuing to move through the crossing, while flames can be seen rising from the Iranian side near the Iraqi border. Residents in Basra reported hearing a series of powerful explosions coming from across the border.

The crossing, located in Basra province in Iraq’s southern frontier with Iran, is one of the main trade gateways between the two countries, including for food supplies.

Head of Iraq’s Border Ports Authority, Lieutenant General Omar Al-Waeli, confirmed on Sunday that goods continue to enter Iraq around the clock without interruption, noting that border crossings have not been affected by the ongoing regional developments. The Ministry of Trade said the country’s food supply remains stable and under control, stressing that there are no signs of shortages in local markets following the recent US-Israeli strikes on Iran.

https://www.shafaq.com/en/Economy/Iraq-Iran-trade-continues-at-Shalamcheh-crossing-despite-explosions-across-border 

Iraq Avoids Force Majeure On Oil Exports Despite Production Collapse

2026-03-10    Shafaq News- Baghdad   Iraq has refused to declare force majeure on its oil export contracts despite a sharp drop in production during the US-Israeli war on Iran, seeking to avoid signaling that it has entered the conflict, economist Ahmed Saddam told Shafaq News on Monday.

Saddam explained that the government’s decision aims to protect long-term oil contracts, preserve Iraq’s reputation in global markets, and avoid any indication that Baghdad is a party to the war. “Declaring force majeure could be interpreted as Iraq entering the conflict, which the government does not want."

Force majeure clauses allow suppliers to suspend deliveries without penalties when extraordinary circumstances make exports impossible. Iraq’s oil production has fallen from about 4.3 million barrels per day before the war to roughly 1.3 million, according to the Iraqi Oil Ministry, after tanker traffic through the Strait of Hormuz collapsed following the escalation.   https://www.shafaq.com/en/Economy/Iraq-avoids-force-majeure-on-oil-exports-despite-production-collapse

Oil Prices Retreat Following Trump’s De-Escalation Comments

2026-03-10   Shafaq News   Oil prices fell on Tuesday after hitting an over three-year high in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies.

Brent futures fell $4.17, or 4.2%, to $94.79 a barrel at 0345 GMT, while U.S. West Texas Intermediate (WTI) crude was down $3.81, or 4%, to $90.96 a barrel. Both the contracts fell as much as 11% earlier before paring some losses.

Oil surged past $100 a barrel on Monday to hit their highest since mid-2022, as supply cuts by Saudi Arabia and other producers during the expanding U.S.-Israeli war ⁠with Iran stoked fears of major disruptions to global supplies.

Prices later retreated after Russian President Vladimir Putin held a call with Trump and shared proposals aimed at a quick settlement to the Iran war, according to a Kremlin aide, easing concerns about a prolonged supply disruption.

Trump said on Monday in a CBS News interview that he thinks the war against Iran "is very complete" and that Washington was "very far ahead" of his initial four- to five-week estimated timeframe.

"Clearly Trump's comments about a short-lived war has calmed markets. While there was an overreaction to the upside yesterday, we think there is an overreaction to the downside today," said Suvro Sarkar, energy sector team lead at DBS Bank, adding that the market is underappreciating risks at these levels for Brent.

"Murban and Dubai grades are still well above $100 ⁠per barrel, so practically nothing much has changed in terms of ground realities," he added, referring to benchmark Middle Eastern oil grades.

In response to Trump, Iran's Islamic Revolutionary Guards Corps (IRGC) said they would "determine the end of the war," and Tehran would not allow "one litre of oil" to be exported from the region if U.S. and Israeli attacks continued, state media reported on Tuesday, citing the IRGC's spokesperson.

Prices, however, remain under pressure as Trump considers easing oil sanctions ⁠on Russia and releasing emergency crude stockpiles as part of a package of options aimed at curbing spiking global oil prices, according to multiple sources.

"Discussions around easing sanctions on Russian oil, comments from Donald Trump hinting that the conflict could eventually de-escalate, and the possibility of G7 countries ⁠tapping strategic oil reserves all pointed to the same message - that oil barrels will somehow continue to reach the market," said Phillip Nova analyst Priyanka Sachdeva in a note on Tuesday.

"Once traders sensed that supply routes could still be maintained, the initial 'panic ⁠premium' that had pushed prices above the $100 mark yesterday started to fade, and oil prices quickly pulled back."

(Reuters)   https://www.shafaq.com/en/Economy/Oil-prices-retreat-following-Trump-s-de-escalation-comments

Reopening Of Most Border Crossings Between The Kurdistan Region And Iran

Money and Business    Economy News – Baghdad   The Kurdistan Region's Exporters and Importers Union announced on Tuesday the reopening of most border crossings with Iran, days after they were closed due to recent tensions between Iran, the United States, and Israel.

The union stated in a statement, which was reviewed by “Al-Eqtisad News”, that “the border crossings that were previously closed to trade with the region have been reopened again, with the exception of the Bashmakh crossing, which remained open and was not closed.”

The union explained in its statement that "the Shushmi-Tawila crossing was reopened on the eighth of this month, while the Siranband crossing was reopened on the evening of the ninth of the same month."

He added that "the Bashmakh border crossing is currently witnessing the entry of about 500 trucks daily loaded with transit goods and Iranian goods," noting that "the volume of imports coming from Iran is witnessing a gradual increase."

He explained that "most of the Iranian goods entering the region consist of foodstuffs, such as vegetables, fruits, dairy products and beverages of all kinds, as well as soft drinks, juices, chocolate and biscuits, in addition to other goods that were entering the region before the outbreak of the recent tensions."

According to the statement, other border crossings that are still closed are expected to reopen in the coming days.

https://www.economy-news.net/content.php?id=66582

The Civil Aviation Authority Announces The Extension Of The Closure Of Iraqi Airspace For (72) Hours

Money and Business   Economy News – Baghdad     The Civil Aviation Authority announced on Tuesday that it has extended the suspension of air traffic in the country's airspace for another 72 hours "as a temporary precautionary measure" due to the continued escalation of security tensions in the region.

The authority said in a statement received by “Al-Eqtisad News”, that “the closure of Iraqi airspace to all incoming, departing and transiting aircraft has been extended for (72) hours starting from 12:00 noon on Tuesday, March 10, 2026 (09:00 UTC) until 12:00 noon on Friday, as a temporary precautionary measure.”

She added that the decision comes "based on the ongoing assessment of the security situation and developments in the regional situation."

She noted that "the decision will be reassessed in light of new developments, with airlines and relevant parties being notified of any updates later."

On March 4, the Civil Aviation Authority extended the suspension of air traffic in the country's airspace for another 72 hours due to continued security tensions in the region.   https://www.economy-news.net/content.php?id=66580

MilitiaMan and Crew: IQD News Update-Convergence-Political-Economic-REER Focus

MilitiaMan and Crew: IQD News Update-Convergence-Political-Economic-REER Focus

3-9-2026

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=mjbp3roeZ6Y

Seeds of Wisdom RV and Economics Updates Monday Evening 3-9-26

Good Evening Dinar Recaps,

Emergency Oil Release Considered as G7 Moves to Stabilize Global Energy Markets

Oil prices plunge $15 in hours as major economies weigh a coordinated reserve release

Overview 

Global oil markets experienced dramatic volatility after reports that the Group of Seven (G7) is considering a coordinated release of up to 400 million barrels of crude oil from strategic reserves.

The news sent U.S. oil prices plunging by roughly $15 per barrel within hours, dropping from a surge near $120 to around $108 per barrel.

The potential emergency release comes as ongoing disruptions in the Strait of Hormuz continue to restrict global energy shipments, threatening a broader supply shock across international markets.

If implemented, the move would likely be coordinated through the International Energy Agency (IEA) and could become one of the largest strategic oil interventions in modern history.

Key Developments

1. G7 Considering Massive Strategic Oil Release

According to reports, members of the Group of Seven are exploring a coordinated release of 300–400 million barrels of oil from emergency reserves to stabilize global markets.

The move is designed to:

• Offset supply disruptions from the Middle East

• Reduce extreme price spikes

• Calm financial markets reacting to energy volatility

Collectively, G7 nations hold roughly 1.2 billion barrels of oil in strategic reserves, meaning the proposed release would represent a significant portion of those emergency stockpiles.

Officials from the United States and several other G7 members have reportedly expressed support for the idea as oil prices surged following escalating geopolitical tensions.

2. Oil Prices Reverse Dramatically

Markets reacted instantly to the possibility of additional supply entering the market.

Earlier in the day, oil prices had surged as much as 30% amid supply fears, driven largely by disruptions near the Strait of Hormuz, one of the world’s most critical oil shipping routes.

However, after news of the potential G7 intervention broke:

• Oil prices fell roughly $15 in about two hours

• Prices dropped from near $120 to around $108 per barrel

• Much of the day’s rally was erased

Analysts described the shift as one of the sharpest intraday reversals in oil market history.

3. Strait of Hormuz Disruptions Driving Global Panic

The volatility stems primarily from supply disruptions in the Strait of Hormuz, the narrow waterway connecting the Persian Gulf to global shipping lanes.

The strait normally carries around 20% of the world’s daily oil supply, making it one of the most strategically important energy chokepoints on the planet.

Ongoing regional tensions have:

• Restricted tanker traffic

• Raised insurance costs for shipping

• Triggered fears of a prolonged supply shortage

These risks have forced governments and energy agencies to consider emergency market interventions.

4. Strategic Reserves Become a Geopolitical Tool

Strategic petroleum reserves were originally designed to protect economies from sudden supply disruptions, such as those experienced during the oil crises of the 1970s.

Now they are increasingly being used as market stabilization tools during geopolitical crises.

A coordinated release through the International Energy Agency would allow major economies to inject emergency supply into global markets quickly, helping to:

• Lower energy prices

• Prevent inflation spikes

• Reduce pressure on financial markets

However, such interventions are typically temporary solutions rather than long-term fixes for supply disruptions.

Why It Matters

The proposed G7 intervention highlights how deeply energy markets are intertwined with global geopolitics.

When oil supply disruptions occur, the consequences ripple through the entire global economy:

• Transportation costs surge

• Inflation rises across industries

• Financial markets experience volatility

• Central banks face new policy pressures

Energy shocks can quickly evolve into broader economic crises if supply disruptions persist.

Why It Matters to Foreign Currency Holders

For those tracking global financial stability, oil market volatility is one of the most powerful forces influencing currency systems.

Energy price spikes can:

• Weaken currencies in energy-importing nations

• Strengthen oil-exporting economies

• Drive inflation and interest rate shifts

• Trigger capital flows into commodity-linked assets

Large-scale reserve releases can temporarily stabilize markets, but they also highlight the fragility of global energy supply chains.

Implications for the Global Reset

• Pillar 1: Energy Shocks Accelerating Economic Stress

Oil price volatility has historically played a major role in reshaping global economic cycles.

When prices spike:

• Inflation accelerates

• Economic growth slows

• Governments intervene in markets

Such disruptions often act as catalysts for broader financial and policy shifts.

• Pillar 2: Strategic Resources Becoming Financial Leverage

The current crisis underscores how strategic resources like oil have become geopolitical leverage points.

Control of energy supply routes, reserves, and production capacity increasingly influences:

• Trade alliances

• Monetary policy

• Global financial stability

These dynamics are gradually contributing to a more fragmented and multipolar economic system.

Conclusion

The dramatic reversal in oil prices following reports of a potential G7 reserve release demonstrates how sensitive global markets have become to energy supply risks.

While a coordinated release could temporarily calm markets, it also reveals the deeper vulnerability of the global economy to disruptions in key shipping routes like the Strait of Hormuz.

In today’s interconnected financial system, energy crises quickly evolve into economic and geopolitical events that shape markets worldwide.

When oil supply becomes uncertain, the entire global financial system feels the shock.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher Guru — "US Oil Prices Crash $15 in 2 Hours as G7 Considers Reserve Release"

• Financial Times — "G7 Considers Emergency Oil Reserve Release Amid Global Supply Shock"

~~~~~~~~~~

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Iran and the Acceleration of the Financial Reset

Iran and the Acceleration of the Financial Reset

Miles Harris:   3-9-2026

The escalating conflict around Iran is not just a geopolitical flashpoint; it’s a catalyst for a profound transformation in the global financial system.

As tensions rise, a fundamental rewiring of financial infrastructure is underway, driven by the limitations of traditional finance under physical constraints and sanctions.

At the heart of this revolution is the tokenization of oil and commodities, a process that’s accelerating the shift towards a more efficient, transparent, and decentralized financial architecture.

The global financial system is bifurcating into two parallel digital financial rails, aligned with geopolitical blocs.

The Western system is emphasizing transparency, compliance, and programmable settlement, while the BRICS plus nations are focusing on de-dollarization and sanctions bypass through alternative digital commodity settlement.

This divergence is not just a reaction to geopolitical tensions but a response to the inherent inefficiencies of traditional finance.

Tokenization is the process of creating “digital twins” for physical commodities such as oil, where each token represents an allocated, verified physical barrel or unit.

This system allows for programmable settlement, real-time tracking, automated compliance, and secure provenance verification, reducing counterparty risk and inefficiency inherent in paper-based contracts.

Trade finance platforms like VACT and Comgo are already leveraging tokenization to enable digital passports for oil shipments, ensuring legitimacy and compliance within respective economic zones.

The conflict in the Middle East, particularly involving Iran, is speeding up the adoption of blockchain-enabled smart contracts and digital verification systems.

 As shipping risks, insurance costs, and uncertainty in traditional systems increase, the need for a more robust and resilient financial infrastructure becomes more pressing.

 Tokenization provides a critical mechanism for sanctioned states to maintain sovereign trade outside the US-dominated dollar clearing system, facilitating bilateral commodity settlements using alternative currencies like the Chinese yuan.

Initiatives like MBridge, a BIS-backed cross-border CBDC settlement prototype, have laid the groundwork for sovereign digital settlement networks outside the Western dollar system.

Although BIS’s withdrawal from MBridge reflects the geopolitical complexities of these shifts, the idea of alternative digital settlement networks continues to gain traction.

The tokenization of commodities is enabling the creation of new financial rails that are more efficient, transparent, and decentralized.

The global financial system is moving towards atomic, programmable finance that merges physical commodities with digital verification across competing but parallel ledgers.

 The Iran conflict is accelerating this historic transition, driven by the need for a more robust and resilient financial infrastructure.

Tokenized commodity markets are already operating continuously and more transparently than legacy markets, as exemplified by the surge in the United States Oil Tokenized Fund over a weekend when traditional markets were closed.

The conflict around Iran is not just a geopolitical crisis; it’s a catalyst for a profound transformation in the global financial system.

As the world navigates this new financial era, it’s essential to recognize the increasing importance of physical assets amid growing volatility and structural change in energy markets.

The tokenization of oil and commodities is revolutionizing global finance, enabling the creation of new financial rails that are more efficient, transparent, and decentralized. To stay ahead of the curve, it’s crucial to understand the implications of this shift and its potential to reshape the global financial landscape.

For further insights and information, watch the full video from Miles Harris, which provides a detailed analysis of the tokenization of oil and commodities and its impact on the global financial system.

https://youtu.be/UBYAZsqM89k

Seeds of Wisdom RV and Economics Updates Monday Afternoon 3-9-26

Good Afternoon Dinar Recaps,

China–Taiwan–Japan Tensions Flare Over Rare Taiwanese Leadership Visit

Beijing’s sharp response underscores the geopolitical sensitivity surrounding Taiwan’s international presence

Overview 

Tensions in East Asia escalated after Taiwan’s premier, Cho Jung-tai, made a rare visit to Japan, prompting a strong diplomatic protest from China, which accused the trip of advancing pro-independence goals.

Although the visit was described as private and centered on attending the World Baseball Classic, Beijing condemned the move as a provocation that undermines its “One China” policy.

Officials in Japan quickly downplayed the trip’s political significance, emphasizing that no official meetings took place between Cho and Japanese government leaders.

Still, the episode highlights the extreme geopolitical sensitivity surrounding Taiwan’s global engagement, particularly at a time when tensions between major powers are rising across the Indo-Pacific region.

Key Developments

1. China Condemns Taiwan Premier’s Visit

China reacted strongly to the visit by Cho Jung-tai, accusing him of advancing Taiwanese independence under the cover of a private trip.

A spokesperson for China’s foreign ministry warned that Japan could “pay a price” for allowing the visit to take place.

For China, any international travel by Taiwanese leaders carries symbolic weight because Beijing views Taiwan as part of its sovereign territory.

Even informal or unofficial interactions with foreign governments are often interpreted as efforts to legitimize Taiwan’s political autonomy on the world stage.

2. Japan Moves Quickly to Defuse Diplomatic Fallout

The government of Japan responded by emphasizing that the trip was purely private and not connected to official diplomatic activities.

Japanese officials stated clearly that:

• No meetings occurred between Cho and government officials

• The visit had no political agenda

• Tokyo remains committed to its longstanding diplomatic framework with Beijing

Japan maintains no formal diplomatic relations with Taiwan, following the normalization of relations with China in 1972.

However, the country continues to maintain strong economic, cultural, and unofficial political ties with Taiwan.

3. Taiwan Defends Its Right to International Engagement

Officials in Taiwan rejected Beijing’s criticism, arguing that Taiwanese leaders have the right to travel internationally and interact with foreign societies.

Cho himself stated that his visit focused on supporting Taiwan’s national team at the World Baseball Classic, emphasizing the personal nature of the trip.

Still, the visit carries historic significance.

Taiwanese media noted that this may be the first time a sitting Taiwanese premier has traveled to Japan since diplomatic relations between Tokyo and Taipei were severed in 1972.

4. Historical Ties Between Taiwan and Japan Add Complexity

The relationship between Taiwan and Japan has deep historical roots.

Japan governed Taiwan from 1895 until the end of World War II in 1945, leaving behind lasting cultural, economic, and social connections.

Even without formal diplomatic recognition, the two sides maintain:

• Extensive trade relationships

• Cultural exchanges

• Unofficial political dialogue

In 2022, Taiwanese President Lai Ching-te, then vice president, traveled to Japan to attend memorial events following the assassination of former Prime Minister Shinzo Abe, another visit that drew strong criticism from Beijing.

5. Taiwan’s Strategic Role in Indo-Pacific Security

The incident also highlights Taiwan’s growing strategic importance in regional security discussions.

Japan and the United States have increasingly emphasized that stability in the Taiwan Strait is critical to regional security.

Beijing views these statements as external interference in what it considers a domestic matter, intensifying geopolitical friction.

As a result, even symbolic events—such as attending an international sporting competition—can trigger major diplomatic responses.

Why It Matters

The controversy surrounding Cho Jung-tai’s trip reflects how sensitive Taiwan’s international status remains in global geopolitics.

Three major dynamics are shaping the situation:

1. China is aggressively defending its sovereignty claims over Taiwan.
2. Regional powers are strengthening unofficial ties with Taiwan while avoiding formal recognition.
3. The Indo-Pacific region is becoming a central arena for great-power competition.

These tensions continue to influence military strategy, trade flows, and diplomatic alliances across the region.

Why It Matters to Foreign Currency Holders

For observers of global economic and financial stability, geopolitical tensions surrounding Taiwan carry significant implications.

The Taiwan Strait sits at the center of some of the world’s most important supply chains, including:

• Semiconductors

• Electronics manufacturing

• Shipping routes connecting Asia to global markets

Any escalation in tensions could trigger:

• Market volatility

• Supply chain disruptions

• Currency instability in Asian economies

As geopolitical risk rises, investors often shift capital toward safe-haven assets and currencies.

Implications for the Global Reset

• Pillar 1: Strategic Rivalry in the Indo-Pacific

The triangle between China, Taiwan, and Japan represents one of the most important geopolitical flashpoints in the global economy.

Even small diplomatic incidents can signal deeper strategic shifts, influencing military planning, trade policy, and regional alliances.

• Pillar 2: Supply Chains and Financial Systems

Taiwan plays a central role in global semiconductor production and advanced technology supply chains.

Rising geopolitical tensions around the island therefore have direct implications for global manufacturing, digital infrastructure, and financial markets.

As nations seek to reduce vulnerability to geopolitical shocks, supply chains and trade networks are gradually being restructured across the global economy.

Conclusion

The dispute surrounding Cho Jung-tai’s visit to Japan demonstrates how even symbolic gestures can carry enormous geopolitical weight in the Taiwan question.

For Beijing, Taiwan’s international engagement challenges its sovereignty claims.

For Japan and other regional partners, maintaining ties with Taiwan requires careful diplomatic balancing to avoid direct confrontation with China.

And for the global economy, the episode serves as another reminder that East Asia remains one of the most strategically sensitive regions in the world.

In today’s geopolitical environment, even a sporting event can become a stage for international power politics.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "China Slams Taiwan Premier’s Japan Trip as ‘Provocation’"

• Reuters — "China Condemns Taiwan Premier Visit to Japan Amid Rising Tensions"

~~~~~~~~~~

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

Iraq Retrieves $9M Frozen In Italian Bank

2026-03-09  Shafaq News- Baghdad   Iraq has recovered more than $9 million in frozen government funds from Italy, the Iraq Funds Recovery Fund announced on Monday, describing the transfer as part of ongoing efforts to repatriate state assets held abroad since before 2003.

 Fund Chairman Mohammad Ali Al-Lami said the money had been held in accounts at UniCredit bank in Rome and was linked to contracts signed by Iraqi ministries with Italian companies prior to 2003. He added that additional funds belonging to Rafidain and Rasheed banks are still under legal procedures, as authorities work to complete the documentation required for their recovery.

 The Iraqi Foreign Ministry has previously said funds frozen in Italy since the pre-2003 Saddam Hussein era could total about $700 million. Other estimates suggest Iraq may have lost $250 billion to $450 billion over the past two decades through mismanaged or stolen funds.

 Major scandals include the so-called “Theft of the Century,” involving roughly $2.5 billion siphoned from tax deposits, and separate losses estimated at $18 billion in railway assets. While the government has referred several ministers for prosecution and signed agreements to trace stolen assets abroad, the United Nations and Iraqi oversight bodies warn that political interference and weak judicial enforcement continue to hinder anti-corruption efforts.

 Read more: Iraq's corrupt maze: Oil, bribes, and broken trust  

https://shafaq.com/en/society/Iraq-retrieves-9M-frozen-in-Italian-bank

Iraq Upholds Security Treaty Regarding Iranian Opposition Groups

2026-03-09   Shafaq News- Baghdad  Iraq reaffirmed on Monday its commitment to the security agreement with Tehran on Iranian opposition groups, noting that Baghdad and Erbil are coordinating to prevent any activity by these groups, according to a statement.

 During a meeting with European Union Ambassador to Iraq Clemens Zimtner, National Security Adviser Qassim al-Araji said that Iraq is working diplomatically with friendly and neighboring countries to halt the war and prevent it from escalating, stressing the need for “the voice of peace” and a return to dialogue and understanding.

 Zimtner reassured that the EU is not involved in the conflict but is working with partners to stop hostilities and prevent further escalation, urging all sides to respect international law and settle disputes through dialogue and negotiation.

          قاسم الاعرجي 

Soponterdsh15cgt1g4mm45c2i4uih65g6f85997a1g6u8332mh677i760gt ·

 National Security Adviser Mr. Qasim Al-Arji receives EU Ambassador to Iraq

National Security Adviser, Mr. Qasim Al-Arji, received today Monday, the Ambassador of the European Union to Iraq, Mr. Clemence Zimtner.

The meeting reviewed the cooperation relations between Iraq and the European Union countries, and the developments that the region is experiencing and their consequences on the regional and international level were researched.

Mr. Al-Arji emphasized that the region is living in a state of anxiety as a result of the ongoing war, pointing out that the Iraqi government is neglecting its responsibility to protect diplomatic missions and embassies operating in Iraq, as well as working diplomatically with friendly and sister countries, in order to stop the war and prevent its spread.

Mr. Al-Ragy emphasized the necessity for peace to rise and return to the table of dialogue and understanding, indicating that the European Union countries represent an important party in the international community and adopt the language of dialogue and cooperation in order to establish peace away from the language of war, signaling that the stability of the region is the basis for creating an economic environment and sustainable development.

As Mr. Al-Arji pointed out Iraq's commitment to the security agreement between the Republic of Iraq and the Islamic Republic of Iran, regarding the Iranian opposition, indicating that the federal government is working in coordination with the government of the Kurdistan Region, to prevent any activity or business of these groups, according to the Iraqi constitution, which prohibits the use of Iraqi lands to carry out any hostile activity against the countries the other one.

Mr. Al-Ragy renewed the call for the international community to receive state sponsorship from prisoners recently delivered to Iraq.

On his part, Mr. Zimtenz stressed, that the European Union is not a party to this war, and that it is working with its partners to stop it and prevent its spread, calling for all parties to adhere to international law in resolving conflicts through dialogue and negotiation away from military escalation, stressing the necessity to end military operations in the region and avoid any Additional acceleration, emphasizing the importance of approving diplomatic means for crisis handling.

Media Office of the National Security Adviser

9-March-2026   Last week, Foreign Minister Fuad Hussein warned that Iraq would not become part of the regional conflict and that its territory would not be used for attacks on neighboring countries as tensions rise between the United States, Israel, and Iran.

 The escalation traces back to February 28, when the United States and Israel launched airstrikes on targets inside Iran, including Tehran. The attacks inflicted heavy damage, caused civilian casualties, and killed Iranian Supreme Leader Ali Khamenei along with several senior commanders of the Revolutionary Guard Corps (IRGC).

Iran responded with strikes that affected multiple countries in the region, including Iraq, Israel, Jordan, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Saudi Arabia.

 Read more: Iraqi–Iranian Security MoU rekindles a decade of border deals—and old controversies

 https://shafaq.com/en/Iraq/Iraq-upholds-security-treaty-regarding-Iranian-opposition-groups

Iraq’s Oil Lifeline Under Pressure: US-Iran War Reshapes Baghdad’s Economic Calculus

2026-03-09 Shafaq News    The intensifying confrontation between the United States and Iran is rapidly transforming from a military showdown into a strategic economic test for Iraq, whose oil-dependent economy sits directly in the path of the region’s energy disruptions.

 Ten days after hostilities erupted between Washington and Tel Aviv on one side and Tehran on the other, Baghdad is attempting to remain officially outside the battlefield. Yet the war is already reverberating through Iraq’s economic arteries.

Turbulence in global energy markets, rising insurance costs for shipping, and disruptions to navigation in the Strait of Hormuz threaten the country’s ability to sustain the oil exports that generate more than 90 percent of state revenues.

 For Iraq, the stakes go beyond market volatility. The country exports the majority of its crude through Gulf routes tied to Hormuz —one of the world’s most critical energy corridors. Roughly 20 million barrels of oil per day, nearly 20 percent of global supply, pass through the strait’s narrow 21-mile navigable channel, making any disruption there an immediate risk to Iraq’s fiscal stability.

 Baghdad has so far pursued a cautious political posture, avoiding direct involvement in the war while attempting to shield its economy from the fallout. But the structure of Iraq’s energy sector leaves little room for insulation.

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

Political science professor Issam Al-Feyli of Al-Mustansiriya University told Shafaq News that the trajectory of the conflict points toward deeper escalation, arguing that hardened positions in Washington and Tehran leave limited room for a quick diplomatic exit.

 According to Al-Feyli, Iran has rejected conditions proposed by the United States to halt the war, while Washington appears determined to continue military pressure until it achieves strategic objectives inside Iran —either weakening the current political system or reshaping the country’s political landscape in line with US interests.

 Such a trajectory raises the possibility that regional actors could be drawn into the confrontation. Armed factions in Iraq and Lebanon’s Hezbollah could intensify their involvement, he warned, “widening the conflict and complicating efforts to contain it.”

For Baghdad, the risk is security escalation but also economic paralysis if the Gulf energy corridor becomes unstable. Early signs of disruption have already emerged inside Iraq’s oil industry.

 Field reports indicate that several foreign oil companies have begun evacuating staff from oil fields in Basra toward Kuwait, citing security concerns. Iraqi officials also reported that production has effectively halted at the giant Rumaila field and several fields in the Kurdistan Region, leading to daily losses estimated at 1.6 million barrels of oil.

 The shutdown reflects growing uncertainty about the safety of export routes and the operational risks facing international companies working in southern Iraq.

 The Eco Iraq Observatory estimates that the halt in production at Rumaila and fields in the Kurdistan Region is already costing the country around $128 million per day, placing additional strain on public finances that rely overwhelmingly on oil revenues.

 These disruptions are unfolding as global energy markets enter a period of extreme volatility.

 Economist and energy researcher Ahmed Eid said the war has pushed oil markets into a phase of “volatility and uncertainty,” driven largely by fears surrounding the Strait of Hormuz.

 Threats to navigation in the Gulf have increased shipping costs and maritime insurance premiums, creating bottlenecks in energy flows and unsettling international markets.

Market data suggest that just one week of disruptions in Hormuz could withhold around 140 million barrels of oil from global markets, tightening supply and accelerating price increases.

 As a result, oil prices climbed around 25%, the highest since mid-2022. Brent crude surpassed $119 per barrel. Regional energy companies —including Kuwait Petroleum Corporation and QatarEnergy — have declared force majeure, signaling the severity of logistical disruptions.

 Some Iranian parliamentary projections suggest that if the crisis persists, oil prices could surge to between $150 and $200 per barrel, levels that could reshape global energy markets and dramatically alter the fiscal outlook for oil-producing states.

 For Iraq, higher prices offer both opportunity and risk.

 Iraqi caretaker Prime Minister’s financial and economic adviser Mudhhir Mohammed Salih outlined the government’s calculations as it navigates the unfolding crisis.

 Salih told Shafaq News that Iraq may need to implement precautionary shutdowns at certain oil fields if exports through the Strait of Hormuz become impossible.

 Such a scenario could reduce Iraq’s production capacity by 50 to 60 percent, equivalent to roughly 1.5 to 2 million barrels per day.

 However, the surge in global oil prices could offset part of those losses through what economists describe as the “opportunity cost” effect, where reduced output is compensated by significantly higher prices.

 “The full financial impact of a prolonged closure of the Strait may only become clear after about 60 days,” Salih explained.

 The government is therefore exploring alternative export routes to maintain oil flows if Gulf shipping routes deteriorate.

 One option involves expanding shipments through the Iraq–Turkiye pipeline linking northern fields to the Mediterranean port of Ceyhan, which can transport approximately one million barrels per day. Additional volumes could be moved via tanker trucks or alternative logistical arrangements if maritime routes become unsafe.

 Another factor shaping Iraq’s calculations is the role of China, the largest importer of Iraqi crude.

 Read more: Without oil: Iraq's economic future hanging in the balance

 Salih noted that Beijing’s extensive maritime fleet and long-term energy contracts with Baghdad could help maintain a portion of Iraq’s exports even if security conditions in the Gulf worsen.

 China already accounts for a substantial share of Iraq’s oil purchases, making the stability of those trade channels a key variable in Baghdad’s economic resilience during regional crises.

 Maintaining those flows could cushion Iraq’s fiscal position even if broader energy markets remain unstable.

 Beyond the immediate impact on oil exports, economists warn that a prolonged war between Washington and Tehran could unleash wider economic shocks across the Middle East.

 Disruptions to trade routes could raise shipping costs, food prices, and insurance premiums, amplifying inflation across the region. Oil-dependent economies such as Iraq would face the dual challenge of managing revenue volatility while maintaining domestic spending commitments.

 For Baghdad, the crisis underscores a long-standing structural vulnerability: the country’s overwhelming dependence on oil.

More than 90 percent of Iraq’s state revenues come from crude exports, leaving government finances highly sensitive to external shocks in global energy markets.

 If the confrontation escalates further, Iraq may find itself navigating a difficult balance —benefiting from rising oil prices while simultaneously confronting the possibility of export disruptions and economic instability.

The widening US-Iran confrontation has once again placed Iraq at the intersection of regional power struggles and global energy markets.

Baghdad’s attempt to remain politically neutral may keep the country outside the direct battlefield, but its economic lifeline remains tightly connected to the very routes and markets now under threat.

 Whether the crisis evolves into a prolonged regional war or gradually stabilizes through diplomatic channels will determine how severe the economic shock becomes.

For Iraq, the conflict has already delivered a clear warning: the country’s future economic security remains inseparable from the stability of the region that surrounds it.

 Written and edited by Shafaq News staff.

 https://shafaq.com/en/Report/Iraq-s-oil-lifeline-under-pressure-US-Iran-war-reshapes-Baghdad-s-economic-calculus

“Tidbits From TNT” Monday 3-9-2026

TNT:

Tishwash:  The Ministry of Interior announces the seizure of 61 unlicensed exchange offices and the arrest of 120 individuals accused of illegally dealing in dollars and money laundering.

 The Iraqi Ministry of Interior announced the closure of 61 unlicensed currency exchange offices and the arrest of 120 individuals accused of illegal dollar transactions and money laundering.

In a statement, the ministry said that specialized agencies conducted inspections and surveillance operations that resulted in the closure of dozens of unlicensed exchange offices and the arrest of individuals accused of involvement in the illegal buying and selling of foreign currency, as well as suspected money laundering.

The ministry affirmed that these measures are part of the government's efforts to regulate the currency market and prevent illegal dollar speculation, emphasizing that security campaigns will continue to pursue violators and take legal action against them.  link

Tishwash:  Most of Baghdad's streets are paralyzed

The capital witnessed Baghdad On Sunday afternoon, traffic jams paralyzed traffic in many vital areas, amid widespread discontent among citizens.

Traffic congestion affected almost all of the capital's streets, with thousands of vehicles at a standstill at intersections.

Long queues of cars stretched for considerable distances, with movement proceeding at a snail's pace for unknown reasons.

A number of citizens called for radical solutions to the traffic jams, including adjusting the working hours of government offices and colleges, as well as implementing a vehicle scrapping program where one car is deregistered for another, arguing that this would reduce the number of cars on the roads.   link

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

Tishwash:  Urgent US security alert regarding the situation in Iraq

 The US Embassy in Baghdad issued an urgent security alert regarding the situation in Iraq.

The embassy affirmed that the safety and security of American citizens is a top priority for President Donald Trump, Secretary of State Marco Rubio, and the U.S. Department of State.

The embassy stated that it will share any new departure options with American citizens wishing to leave Iraq, noting that the Department of State can be contacted at +1-202-501-4444 for information and assistance regarding departures.

The embassy emphasized that Iran and its affiliated groups continue to pose a significant threat to public safety, pointing to calls for attacks targeting American citizens and interests within Iraq. It also noted that hotels frequented by foreigners and other facilities in the Kurdistan Region of Iraq have been attacked, in addition to attacks on critical civilian infrastructure in various parts of the country.

The embassy stressed that Americans who choose to remain in Iraq should be in safe locations with sufficient supplies of food, water, medicine, and other essential items.

The embassy indicated that commercial flights are currently not operating from Iraq, while land routes for departure are available to Jordan, Kuwait, Saudi Arabia, and Turkey. It noted that most border crossings are open but may close suddenly without prior notice.
The embassy urged American citizens to seriously consider departing by land if possible, given the potential for airspace closures in some neighboring countries or changes in entry and exit requirements.

The embassy also advised Americans to remain indoors as much as possible, avoid windows, and stay away from protests and demonstrations, particularly in Baghdad, including the vicinity of Tahrir Square and areas near the July 14 Bridge, where anti-American protests have taken place.
It added that the threat of missiles and drones remains in Iraqi airspace, noting that Iraqi authorities have closed the International Zone in Baghdad with limited exceptions.

The U.S. Embassy in Baghdad and the Consulate General in Erbil have suspended all routine consular services until further notice. link

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

Tishwash: Fearing they will be targeted by bombing, Kuwaiti banks are closing their branches in high-rise towers.

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 several Gulf states.  link

Mot: Picard and Riker

Seeds of Wisdom RV and Economics Updates Monday Morning 3-9-26

Good Morning Dinar Recaps,

Trump–Xi Summit Signals Strategic Pause in the World’s Largest Economic Rivalry

Global markets watch closely as Washington and Beijing prioritize stability over transformation

Overview 

The upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping is shaping up to be a summit focused on stabilizing tensions rather than restructuring the global economic relationship.

Expectations for a sweeping economic breakthrough have steadily diminished, with officials on both sides signaling that the primary objective is preventing escalation between the world’s two largest economies.

The meeting, expected March 31–April 2 in Beijing, follows months of trade friction, supply chain competition, and geopolitical rivalry. Instead of a dramatic reset, leaders appear focused on maintaining fragile economic stability.

For global markets and currency watchers, the summit highlights how geopolitical rivalry is now being managed rather than resolved—a key dynamic influencing the future architecture of global finance.

Key Developments

1. Summit Expectations Shift from “Reset” to Risk Management

Early hopes that the summit might reopen broad economic cooperation have faded. Analysts now describe the meeting as a scaled-down diplomatic engagement focused on preventing deterioration in relations.

According to policy experts, the visit increasingly resembles a strategic “maintenance meeting” designed to stabilize ties rather than transform them.

This reflects a deeper reality: economic relations between the U.S. and China are no longer driven purely by trade but by national security, technology competition, and supply chain control.

2. Trade Disputes and Tariffs Still Cast a Long Shadow

Several unresolved issues continue to weigh on relations.

Among them:

• U.S. tariffs on Chinese goods

• Chinese restrictions on rare-earth exports

• Technology export controls

• Investment restrictions between both nations

A new complication emerged after the Supreme Court of the United States invalidated a 10% tariff tied to fentanyl enforcement, forcing Washington to consider alternative legal paths if it wishes to reimpose similar measures.

These lingering disputes illustrate how economic friction between the two powers has become structural rather than temporary.

3. Boeing Aircraft Deal Could Be the Summit’s Biggest Outcome

One major economic deliverable under discussion is a large aircraft purchase by China.

Negotiators are reportedly exploring a deal for around 500 narrow-body aircraft from Boeing, which could become one of the largest commercial aviation orders in years.

However, Beijing is seeking long-term guarantees for aircraft parts and maintenance supply chains, highlighting the growing importance of industrial security and supply continuity in international trade negotiations.

Even if completed, the deal would likely be symbolic rather than transformational, serving as a stabilizing economic gesture between both countries.

4. Investment Tensions and Technology Rivalry Remain Unresolved

Another major issue involves Chinese investment in U.S. markets.

China has expressed concern over increasing scrutiny following the forced restructuring of **ByteDance’s ownership of the video platform TikTok in the United States.

Beijing is seeking clearer assurances that Chinese companies will not face sudden divestment requirements or national security blocks.

Meanwhile, Washington continues tightening rules around technology transfers, semiconductor exports, and AI development, areas increasingly viewed as strategic national security assets rather than traditional trade sectors.

Why It Matters

The Trump–Xi summit reflects a fundamental shift in global economic diplomacy.

Instead of pursuing deeper globalization, major powers are now managing strategic rivalry while attempting to prevent systemic disruption.

This shift has several implications:

• Global supply chains are becoming geopolitically aligned

• Trade policy is increasingly tied to national security

• Large economic agreements are becoming harder to achieve

• Economic stability between superpowers is now treated as a strategic objective

In other words, the goal is no longer economic integration—but controlled competition.

Why It Matters to Foreign Currency Holders

For those watching the global monetary system, this summit highlights the structural tension shaping the next phase of international finance.

Key implications include:

1. The global economy is fragmenting into competing economic blocs.

2. Trade friction continues pushing countries to diversify currency systems and payment rails.

3. Strategic industries such as aviation, technology, and rare-earth minerals are becoming geopolitical leverage points.

These trends are closely tied to emerging discussions about alternative payment systems, trade settlement mechanisms, and evolving reserve currency dynamics.

Implications for the Global Reset

• Pillar 1: Strategic Rivalry Reshaping Global Trade

The U.S.–China relationship remains the central axis of the global economy. When tensions rise, markets experience volatility in commodities, currencies, and supply chains.

Even maintaining stability between these powers prevents systemic shocks that could ripple across global markets.

• Pillar 2: Fragmentation Driving New Financial Architecture

As trust between economic blocs declines, nations are increasingly exploring:

• Alternative trade settlement systems

• New commodity supply networks

• Regional economic alliances

• Non-dollar payment infrastructure

While the summit may not produce a breakthrough, the underlying rivalry continues pushing the world toward a more multipolar financial system.

Conclusion

The upcoming meeting between Trump and Xi is less about rewriting the rules of global trade and more about preventing those rules from breaking altogether.

In today’s geopolitical environment, maintaining stability between the world’s two largest economies has become a strategic victory in itself.

And as economic rivalry increasingly shapes trade, technology, and investment flows, the ripple effects will continue influencing the structure of the global financial system for years to come.

This is not just diplomacy — it is the management of the world’s most important economic rivalry.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "Trump-Xi Summit Aims for Stability, Not a Reset"

• Reuters — "U.S. and China Prepare for Trump–Xi Summit Amid Trade Tensions"

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Hormuz Crisis Shakes India’s Energy Lifeline and BRICS Leadership Role

Rising Gulf tensions disrupt oil flows, remittances, and trade corridors at a critical geopolitical moment

Overview 

Escalating tensions in the Persian Gulf are creating a multi-layered economic shock for India, threatening energy security, trade stability, remittance flows, and its diplomatic position as the current BRICS chair.

A dramatic slowdown in tanker traffic through the Strait of Hormuz — one of the most critical oil chokepoints in the world — has sharply reduced energy shipments to Asia.

With 40–50% of India’s oil imports normally traveling through this corridor, the disruption is forcing urgent shifts in energy sourcing while raising global crude prices above $80 per barrel.

For global markets, the situation highlights how geopolitical instability in key shipping lanes can ripple across trade systems, energy markets, and international alliances.

Key Developments

1. Oil Shipments Through Hormuz Collapse

The **Strait of Hormuz typically carries nearly 20% of the world’s oil supply, making it one of the most strategically vital maritime routes on the planet.

However, shipping activity has dropped dramatically:

• Only three tankers carrying roughly 2.8 million barrels crossed on March 1

• Normal traffic earlier in 2026 averaged nearly 20 million barrels per day

• More than 700 oil tankers are currently backed up near the strait

For India, which relies heavily on Gulf energy imports, this slowdown creates an immediate supply and price shock.

India currently holds around 100 million barrels in strategic and commercial reserves, enough to cover roughly 40–45 days of Hormuz-dependent supply—a cushion, but not a long-term solution.

2. LNG Supply Shock Adds to the Crisis

The crisis deepened after QatarEnergy declared force majeure following a drone strike that damaged facilities at Ras Laffan Industrial City, Qatar’s largest LNG export hub.

The consequences for India are significant:

• Qatar supplied roughly 39% of India’s LNG imports in 2024

• More than half of India’s LNG supply chain is Gulf-linked

• LNG contracts are indexed to Brent crude prices

This creates a dual energy shock—higher physical supply risk and rising contract prices simultaneously.

3. Russia Oil Imports Rebound Despite Political Pressure

The crisis is also reshaping India’s oil sourcing strategy.

Earlier this year, India had reduced imports of Russian crude following pressure tied to trade negotiations with the United States.

Imports had dropped from:

• 1.85 million barrels per day in November 2025

• To about 1.06 million barrels per day by February 2026

However, new shipping data shows tankers carrying Russian oil are already being redirected to Indian ports, suggesting that energy security is taking priority over political commitments.

This highlights a recurring reality in global energy markets: when supply shocks hit, geopolitical alliances often yield to economic necessity.

4. Remittances and Overseas Workers Add Another Layer of Risk

The crisis extends beyond energy markets.

Between 9 and 10 million Indian workers live across Gulf nations, sending home billions in remittances every year.

These transfers account for:

• 38% of India’s total remittance inflows

• Approximately $49–$52 billion annually

Regions including Kerala, Punjab, and Bihar depend heavily on these funds. Any disruption in Gulf employment could therefore create direct economic pressure inside India’s domestic economy.

5. BRICS Leadership Faces Unexpected Diplomatic Stress

The crisis is arriving at a sensitive moment for **BRICS.

India currently serves as chair of the economic bloc, preparing to host the next BRICS summit later this year.

Complicating matters:

• Iran is a BRICS member

• Saudi Arabia and the United Arab Emirates are also members

With tensions escalating between these states, India’s diplomatic balancing act is becoming increasingly difficult.

Meanwhile, several regional economic initiatives have stalled, including the India–Middle East–Europe Economic Corridor, a major infrastructure and trade initiative designed to connect Asia, the Middle East, and Europe.

Why It Matters

The current Gulf tensions illustrate how quickly geopolitical crises can disrupt global supply chains and energy markets.

Key implications include:

• Oil price volatility across global markets

• Supply disruptions to major energy importers

• Pressure on shipping routes and maritime insurance costs

• Increased reliance on alternative energy suppliers

For emerging economies like India, these disruptions expose structural vulnerabilities in energy dependence and trade routes.

Why It Matters to Foreign Currency Holders

For observers of the global monetary and financial system, the situation reveals deeper structural shifts.

Energy disruptions of this scale can:

• Drive inflation across global economies

• Accelerate diversification of energy trade currencies

• Increase geopolitical leverage for energy-producing nations

• Push countries toward alternative payment and settlement systems

Energy supply security has increasingly become a central pillar of currency stability and sovereign financial policy.

Implications for the Global Reset

• Pillar 1: Energy Supply Disruptions Reshape Global Trade

The Hormuz slowdown demonstrates how a single maritime chokepoint can destabilize energy markets worldwide.

When oil flows are interrupted:

• Currencies weaken

• Inflation spikes

• Central banks face new monetary policy pressures

Energy security therefore remains one of the most powerful drivers of global financial change.

• Pillar 2: Geopolitics Accelerating Multipolar Finance

The crisis also reveals how emerging economic blocs like BRICS are increasingly entangled in geopolitical rivalries.

As tensions rise between member states and Western powers, nations are increasingly exploring:

• alternative trade corridors

• new settlement currencies

• regional financial systems

These shifts are gradually contributing to a more fragmented and multipolar global economic structure.

Conclusion

The disruption in the Strait of Hormuz is not just an energy story—it is a geopolitical stress test for global trade networks.

For India, the crisis touches energy security, foreign labor income, diplomatic alliances, and its leadership role in BRICS all at once.

And for the global economy, it serves as a reminder that maritime chokepoints, geopolitical rivalries, and energy dependence remain some of the most powerful forces shaping the future of international finance.

When energy flows slow, the entire global financial system feels the shockwaves.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher Guru — "Prolonged Gulf Tensions Test India’s Trade, Energy, and BRICS Role"

• Reuters — "Strait of Hormuz Disruption Raises Concerns for Global Energy Markets"

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🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

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

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

That is not your failure.

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

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

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

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

Protect your identity. Organize your documents.    Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

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