“News Tidbits From TNT” Wed. Morning 4-1-2026

TNT:

Tishwash:  A delegation from the Kurdistan Democratic Party arrives in Baghdad

 An informed source reported today, Tuesday (March 31, 2026), that a delegation from the Kurdistan Democratic Party has arrived in Baghdad.

The source told Baghdad Today that "a delegation from the Kurdistan Democratic Party arrived in the capital, Baghdad, to discuss the missile and drone attacks targeting the Kurdistan Region, in addition to a number of political issues related to the internal Iraqi situation."

The source indicated that "the delegation includes Fadel Mirani, head of the working body in the political office, Fawzi Hariri, head of the office of the presidency of the region, Nawzad Hadi, member of the central committee, and Omid Sabah, member of the central committee."

He added, "The delegation is scheduled to hold a series of meetings with Iraqi political forces to discuss the issue of missile and drone attacks that targeted areas in the region during the past weeks, in addition to the issue of forming the new Iraqi government, and the dialogues related to electing a new president for the Republic of Iraq during the next stage."

The delegation's visit comes amid continued regional tensions resulting from the war between Iran on one side, and the United States and Israel on the other, and the accompanying repeated targeting in Kurdistan. The visit also coincides with broad internal political activity to resolve the requirements for forming the government and agreeing on a candidate for the position of President of the Republic.  link

Tishwash:  MP: The session to elect the president is not yet decided, and postponement is possible.

Former MP, Arif Al-Hamami, confirmed on Tuesday that the session scheduled for April 11 to elect the President of the Republic has not yet been decided, noting that setting the date came as a result of initial understandings that have not reached the stage of final confirmation.

Al-Hamami told Al-Maalouma that “the Iraqi parliament’s setting of a session on April 11 to elect the president is still not decided among the political forces, and it cannot be confirmed that it will be held at this time,” indicating that “postponing the date remains very possible in light of the lack of mature agreements.”

He added that “Iraq is going through a difficult phase and multifaceted challenges, which requires a clear political decision to complete the formation of the government, starting with the election of the President of the Republic, up to the assignment of the candidate of the largest bloc, in order to proceed with managing the current crises, especially the financial and economic files.”

Al-Hamami indicated that “next week will witness a series of important meetings in Baghdad between various political forces,” noting that “these meetings may lead to outcomes that push towards greater consensus regarding the April 11th session, including the forces of the Coordination Framework, in preparation for electing the President of the Republic and tasking the candidate of the largest bloc.”  link

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Tishwash: The oil speculation market and the Iraq crisis

 The equation for determining the equilibrium price of crude oil globally is burdened with variables. Economic growth and its role in stimulating demand on one hand, and production levels and their role in the size of supply on the other hand, lead to determining the equilibrium price.

These are data that represent (internal) variables in the function. In addition, there is another set of variables that affect the determination of that price level, including wars, political events, supply chains, in addition to expectations related to major economies, alternative energy sources, weather seasons, and others, all of which are considered (external) variables in the function.

What concerns us here is that variable that operates silently and in the shadows, which is the oil speculation market. What is this market? How does it work? What is its size? And the important question is, can Iraq invest in it during its current crisis? 

It is a financial market where securities, such as oil futures contracts, are traded. These contracts are speculated upon to generate financial returns by investing in fluctuations in global oil prices.

This market includes various types of investors, such as hedge funds, banks, and other financial institutions. The New York, London, and Shanghai stock exchanges are among the most important of these markets.

What is striking about this market is the volume of trades taking place in it. In contrast to the actual daily oil production, which is estimated at about (100) million barrels, the value of contracts traded in the market is between (10 - 30) times, i.e., from one billion to three billion barrels.

This reflects the high levels of financial returns achieved by this trading and the extent of its impact on the course of the oil market in general, and thus its role in determining the equilibrium price of crude oil globally.

Like other variables that make up the oil structure in Iraq, and given the absence of a specialized oil financial center in Iraq and the nature of the oil policy of SOMO and behind it the Iraqi Ministry of Oil, which focuses on selling only real oil without a financial trading aspect, this means that Iraq does not achieve a presence in this market.

Iraq’s oil does not enter those markets in the form of contracts with different maturities that are subject to speculation, but rather it is sold through direct contracts, and this is a deficiency in the general structure of Iraqi oil policy.

The events taking place in the region, especially the decision to close the Strait of Hormuz, which is considered the oil lifeline for Iraq since we export the majority of our oil through it, have put Iraq in a very critical phase that may lead to a financial crisis in light of the disruption of oil exports.

Therefore, it is necessary to pay attention to the characteristics of this financial market and to urge those concerned in the Iraqi Ministry of Oil to find ways to communicate with these markets and offer futures contracts at competitive prices as much as possible to find a financial resource that addresses the current problem of the cessation of most oil exports.

There should be a lesson learned from what is happening now, and we should adopt future policies that work to create an active role for Iraq in the oil financial speculation market.  link

Tishwash:  A Chinese-Pakistani initiative to de-escalate tensions in the Middle East: an immediate ceasefire, securing the Strait of Hormuz, and a comprehensive peace process.

China and Pakistan announced a joint initiative aimed at restoring peace and stability in the Gulf region and the Middle East, following official talks held Tuesday in Beijing between Chinese Foreign Minister Wang Yi and his Pakistani counterpart, Muhammad Ishaq Dar.

The two sides exchanged views on the rapidly evolving situation in the region, amid escalating regional tensions. They agreed to propose a five-point initiative based on a set of practical steps to contain the crisis and prevent its further escalation.

The initiative includes a call for an immediate cessation of hostilities, emphasizing the need for a comprehensive ceasefire and urgent action to prevent the conflict from spreading. It also calls for facilitating the unimpeded delivery of humanitarian aid to affected areas.

Furthermore, the initiative stresses the importance of launching peace negotiations as soon as possible, emphasizing respect for the sovereignty and territorial integrity of states, particularly Iran and the Gulf states, and affirming that dialogue and diplomacy are the only viable means of resolving disputes.

The initiative urges all parties to commit to resolving their differences peacefully and to refrain from the use of force or the threat of force during the negotiation process.

On another front, China and Pakistan emphasized the need to protect civilians and non-military targets, stressing adherence to international humanitarian law and the cessation of attacks on vital infrastructure, including energy, water, and electricity facilities, as well as peaceful nuclear facilities.

The initiative also focused on the importance of securing waterways, particularly the Strait of Hormuz, a vital artery for global trade and energy supplies, calling for ensuring the safety of ships and their crews and restoring the smooth flow of maritime navigation as quickly as possible.

The initiative reaffirmed the primacy of the UN Charter and the necessity of strengthening multilateralism and supporting the UN's role in reaching a comprehensive peace framework that guarantees lasting stability in the region, in accordance with the principles of international law. link

Seeds of Wisdom RV and Economics Updates Tuesday Evening 3-31-26

Good Evening Dinar Recaps,

Debt Growth Outpaces Economy: Powell Warns U.S. Fiscal Path “Will Not End Well”

Federal Reserve Chair signals rising concern as national debt accelerates beyond economic growth, creating long-term systemic risk.

OVERVIEW (KEY POINTS)

In remarks delivered this week, Jerome Powell issued a clear and unusually direct warning about the direction of U.S. fiscal policy. While he emphasized that the current debt level is not an immediate crisis, he stressed that the trajectory is unsustainable and increasingly dangerous.

The United States national debt has now reached approximately $39 trillion, continuing a rapid upward trend.

Powell’s central concern is not simply how large the debt is today—but that it is growing “substantially faster” than the overall economy, creating a widening imbalance that cannot be maintained long-term.

His warning was blunt:
👉 “The level of the debt is not unsustainable, but the path is not sustainable… it will not end well.”

This signals a critical shift in tone from the Federal Reserve—highlighting structural fiscal risk rather than short-term crisis.

KEY DEVELOPMENTS

1. Debt Nears $39 Trillion and Rising Rapidly

The scale of U.S. borrowing continues to accelerate.

• National debt has climbed to roughly $39 trillion

• Debt levels have increased sharply in recent years due to deficits, stimulus, and war-related spending

2. Core Warning: Debt Growing Faster Than the Economy

Powell’s primary concern is the imbalance between debt and growth.

• Debt is expanding “substantially faster” than GDP

• This creates a structural divergence that compounds over time

👉 This is the key issue—not just how much debt exists, but how fast it is growing relative to income (GDP).

3. Interest Costs Becoming a Major Risk Factor

As debt rises, so does the cost to service it.

• Interest payments are projected to exceed $1 trillion annually

• This becomes one of the fastest-growing parts of the federal budget

4. Powell Calls for Policy Action “Fairly Soon”

The warning includes urgency—but not panic.

• Powell emphasized the need for policy adjustments before crisis conditions emerge

• Focus is on stabilizing the path, not immediate debt reduction

5. Not a Crisis—Yet, But a Structural Imbalance

Powell made a clear distinction:

• Current debt level = manageable (for now)

• Future trajectory = unsustainable without change

WHY IT MATTERS

This is one of the most important financial signals coming from a central bank leader right now.

When debt grows faster than the economy:

• The system must borrow increasingly just to sustain itself

• Interest costs compound faster than income

• Fiscal flexibility shrinks over time

Eventually, this forces difficult choices:

• Higher taxes

• Reduced spending

• Monetization (money creation)

• Or financial system restructuring

This is why Powell’s warning is significant—it highlights a mathematical imbalance, not a political opinion.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency stability: Rising debt pressures confidence in long-term dollar strength

• Inflation risk: Debt expansion increases likelihood of monetary expansion

• Interest rates: Higher debt → higher yields needed to attract buyers

• Global flows: Investors may begin diversifying away from debt-heavy systems

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Debt Sustainability Crisis Building Beneath the Surface

The issue is no longer the size of debt—but its growth dynamics.
This signals a slow-moving shift toward debt restructuring, monetization, or systemic change.

• Pillar 2: Transition from Growth-Driven to Debt-Driven System

When debt outpaces economic growth, the system becomes increasingly:

• Dependent on borrowing

• Sensitive to interest rates

• Vulnerable to shocks

This is a hallmark of late-stage financial cycles and often precedes major monetary transitions.

CONCLUSION

Powell’s message was not alarmist—but it was deeply consequential.

The United States is not facing an immediate debt crisis—but it is moving along a path that becomes harder to correct over time.

The real risk is not today’s $39 trillion debt level—it is the trajectory where debt continues to outgrow the economy year after year.

That imbalance quietly builds until it forces policy change, market repricing, or systemic reset.

This is not a sudden collapse scenario—it is a slow structural shift that eventually demands a new financial framework.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Yahoo Finance — "Jerome Powell says $39 trillion national debt path ‘will not end well’"

• Moneycontrol — "Fed Chair warns U.S. debt growing faster than economy"

~~~~~~~~~~

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Iraq Economic News And Points To Ponder Tuesday Evening 3-31-26

Expert: The Government Does Not Have The Authority To Contract For The Purchase Of Air Defense Systems.

2026/03/31  {Security: Al-Furat News} Security expert Adnan Al-Kinani confirmed that the government lacks the legal authority to conclude contracts for the purchase of air defense systems under the current circumstances.

Al-Kinani said, during his appearance on the “Free Talk” program on Al-Furat satellite channel, that: “The current situation in light of the war reveals a crisis in funding and liquidity, as well as the absence of the necessary legitimacy to make a decision to contract for the purchase of air defense systems and radars,” indicating that “it was supposed to be directed towards purchasing missiles to repel air attacks.”

He added that "Iraq needs to set a clear time limit for contracting, training and installation processes, in addition to developing an integrated financing mechanism that is consistent with the legal frameworks, as well as identifying the entry points for these systems and the contracting parties and countries."

Al-Kinani pointed out that “Iraq used to rely on the Eastern bloc in the areas of armament and preparation, as Russia was one of the most committed countries in contracts and supply, and it contributed to strengthening military capabilities with various types of weapons.”

Al-Kinani pointed to "the possibility of returning to reliance on the Eastern bloc, in addition to benefiting from China in the field of limiting drones and developing capabilities to counter them."

The Cabinet, in its meeting held today, Tuesday, reviewed the implementation of armament, efficiency improvement and equipping of our armed forces with modern equipment, which had been previously approved and implemented within the government program, taking into account the priorities in the latest developments and the requirements of the various formations of our armed forces.

In the same context, the Cabinet approved “contracting to purchase defense systems, as well as approving all the necessary requirements to complete the tasks of the air defense formations and improve performance, according to what was submitted by the Ministry of Defense in this regard.” LINK

Brent Crude Futures Surpass $118 Per Barrel

{Economic: Al-Furat News} Oil prices rose again on Tuesday, with Brent crude futures exceeding $118 a barrel, amid global markets monitoring economic tensions and oil supplies.

Reuters reported that "Brent crude futures surpassed $118 a barrel, after concerns intensified following an attack on an oil tanker in the Middle East."   LINK

Gasoline Prices In The United States Jump Again, Exceeding $4 Per Gallon.

2026/03/31    {Economic: Al-Furat News} Fuel prices in the United States recorded a new jump on Tuesday, reaching their highest levels in four years, driven by the repercussions of the ongoing military confrontation in Iran as well.

Gasoline prices at U.S. gas stations have risen above $4 a gallon for the first time since the summer of 2022, as a result of rising oil prices due to the war in Iran, the Washington Post reported on Tuesday.

Economic reports indicate that the pace of price increases during the last month was faster and greater than the increases that followed the famous Hurricane Katrina in 2005, and even greater than the jumps that followed the imposition of sanctions on Russia during the Ukraine crisis in 2022.   LINK

Security Expert: Iran Will Be A Quagmire For US Forces In Any Ground Invasion Or Landing.

2026/03/31  {Security: Al-Furat News} Security expert Adnan Al-Kinani confirmed that any American ground intervention in Iran would face major challenges and could turn into a long war of attrition.

Al-Kinani said, during his appearance on the “Free Talk” program on Al-Furat satellite channel, that “US President Donald Trump is making reckless decisions and presenting a chaotic picture of the American interior,” noting that “there is a state of dissatisfaction within the United States that may be reflected in the upcoming elections.”

He added that "the current war represents a war of attrition for the American side and that prolonging it is in Iran's interest," predicting that "Washington will be forced to accept Tehran's conditions and withdraw from the region, which may lead to a decline in its role in international relations and the emergence of new alliances."

Al-Kinani continued, “The world has entered a new phase that may reshape economic balances with the possibility of a decline in the dominance of the dollar,” noting that the Iranian army possesses advanced combat capabilities and relies on a garrisoning style, which makes any land, sea, or air landing extremely costly.   LINK

Oil Falls 1%

2026/03/31     {Economic: Al-Furat News} Oil prices fell in Asian trading on Tuesday, reversing their previous gains.

Brent crude futures for May delivery fell $1.22, or 1.08%, to $111.56 a barrel at 02:10 GMT, after rising as much as 2% earlier in the session. The May contract expires today, Tuesday, while the more actively traded June contract was at $105.76.

U.S. West Texas Intermediate crude futures for May fell 98 cents, or 0.95%, to $101.90 a barrel, after hitting their highest level since March 9 at the start of trading, according to Reuters.   https://alforatnews.iq/news/%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%8A%D9%86%D8%AE%D9%81%D8%B6-1

Dollar Prices Rise In Baghdad

2026/03/30    {Economic: Al-Furat News} The exchange rate of the US dollar rose this morning, Monday, in the markets of the capital, Baghdad.  The prices were as follows... The selling price was 155,750 dinars for 100 dollars, while the buying price was 154,750 dinars for 100 dollars.  https://alforatnews.iq/news/%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF

Gold Rises As The Dollar Weakens

  {Economic: Al-Furat News} Gold prices rose slightly on Monday as the dollar weakened, but gains were limited by a sharp rise in energy prices that exacerbated concerns about inflation and further diminished expectations that the Federal Reserve (the US central bank) would cut interest rates this year.

Spot gold rose 0.3% to $4,505.86 an ounce. U.S. gold futures for April delivery also climbed 0.3% to $4,535.80.

The US dollar weakened, making commodities priced in the US currency more accessible to holders of other currencies, according to Reuters.

Gold has fallen more than 14% so far this month, its biggest monthly drop since October 2008, pressured by the US dollar, which has risen by more than 2%

As for other precious metals, silver rose 0.8% to $68.67 an ounce in spot trading. Platinum gained 2.5% to $1,909.45, and palladium climbed 3.2% to $1,420.63.   LINK

No Buyers for US Treasuries as $10 Trillion due for Refinance in 12 Months

No Buyers for US Treasuries as $10 Trillion due for Refinance in 12 Months

Lena Petrova:  3-30-2026

The ongoing bond market meltdown has taken a significant turn, with the recent weakest US Treasury auction in over three years sending a stark warning signal about the state of the US economy.

As highlighted in the latest video by Lena Petrova, the second part of a series on the bond market crisis, growing investor unease is manifesting in declining demand for US government debt, rising yields, and a vicious cycle of higher borrowing costs and weakening trust.

The escalating war in Iran has emerged as a critical factor contributing to this unease, with investors increasingly concerned about the implications of geopolitical risks on the US economy and fiscal sustainability.

The surge in oil prices, driven by tensions in critical global energy corridors such as the Strait of Hormuz and Bab al-Mandab Strait, is fueling inflation expectations and pushing interest rates upward. As a result, investors are becoming more cautious, preferring shorter-term bonds and demanding higher yields as compensation for increased risk.

This shift in investor behavior reflects broader concerns around massive government borrowing, unresolved geopolitical conflict, and inflation.

The US is facing a daunting financial challenge, with trillions in debt needing refinancing in the year ahead. The situation is further complicated by the fact that about 20% of federal tax revenue is already being used to service existing debt.

Rising debt issuance from both the government and corporations, combined with geopolitical uncertainty and potential military escalation, is driving volatility and instability in bond markets.

The bond market, often operating quietly in the background, is a crucial determinant of economic outcomes. Its current shifts signal broader economic and financial stress ahead.

As the video emphasizes, the future hinges on whether geopolitical tensions ease or worsen. Prolonged conflict is likely to exacerbate inflation, weaken demand for Treasuries, and increase financial strain.

The implications of this bond market meltdown are far-reaching and have significant consequences for the US economy.

Rising borrowing costs and decreasing demand for government debt can create a self-reinforcing cycle, where higher interest rates further weaken the economy, leading to even lower demand for Treasuries.

This, in turn, can have a ripple effect on the broader financial system, potentially triggering a wider economic downturn.

For investors, policymakers, and anyone interested in understanding the intricacies of the global economy, it is essential to stay informed about the developments in the bond market. Watch the full video from Lena Petrova to gain further insights and information on this critical issue.

 As the situation continues to unfold, one thing is clear: the bond market meltdown is a warning sign that should not be ignored.

https://www.youtube.com/watch?v=Hcu54GZAgWY

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 3-31-26

Good Afternoon Dinar Recaps,

Oil Shock Triggers Second-Wave Inflation Risk: Energy Crisis Spreads into Food and Global Supply Chains

Record energy price surges are now feeding into broader inflation pressures, signaling a deeper and more persistent disruption to the global financial system.

OVERVIEW (KEY POINTS)

Global markets are facing a historic energy shock, with oil prices posting their largest monthly increase on record amid ongoing conflict and disruption in the Strait of Hormuz. This surge is not only impacting fuel costs but is now spilling into broader economic sectors, amplifying systemic risk.

The most critical development is the emergence of a second wave of inflation, as higher energy prices begin to drive fertilizer shortages, agricultural cost increases, and rising food prices. This creates a delayed but more persistent inflation cycle that central banks cannot easily control.

At the same time, financial conditions are tightening globally without direct policy action. Markets themselves are driving higher yields, reduced liquidity, and rising borrowing costs, effectively doing the work of central banks.

The broader implication is significant: this is no longer just an energy crisis—it is evolving into a multi-layered inflationary cycle, reinforcing structural changes aligned with a global financial reset.

KEY DEVELOPMENTS

1. Record Oil Price Surge Reshapes Global Cost Structure

Oil prices have surged dramatically, marking a historic shift in energy markets.

• Brent crude reached $115–$118 per barrel, with the largest monthly gain on record

• Forecasts for 2026 oil prices have been revised sharply upward, reflecting sustained disruption

2. Second-Wave Inflation Emerging Through Food Systems

Energy shocks are now feeding into agriculture and supply chains.

• Fertilizer and input costs are rising, driving future food price increases

• Food inflation tends to lag energy but persist longer, creating extended pressure

3. Strait of Hormuz Disruption Alters Global Trade Flows

Shipping constraints continue to reshape global logistics.

• The Strait has been effectively restricted since late February, limiting energy flows

• Partial transit signals adaptation, not normalization, in global trade routes

4. Markets Tighten Without Central Bank Action

Financial conditions are tightening organically.

• Rising yields, mortgage rates, and costs reflect market-driven tightening

• Central banks are being forced into a wait-and-see posture

5. Stagflation Risks Intensify Across Economies

The combination of inflation and slowing growth is becoming more pronounced.

• Energy-driven inflation is colliding with weakening economic momentum

• Markets increasingly fear a stagflationary environment

WHY IT MATTERS

This development marks a shift from a single shock event to a cascading economic cycle. Energy price increases are no longer isolated—they are feeding into food, manufacturing, and transportation costs, expanding inflation across the entire economy.

Central banks are losing flexibility. With inflation rising again through secondary channels, policymakers face a longer and more complex battle, limiting their ability to stimulate growth or ease financial conditions.

At the system level, this signals a move toward a higher-cost global economy, where supply shocks have longer-lasting and more widespread effects.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Energy-importing nations face currency weakness from rising costs

• Purchasing power: Food and energy inflation erode real value more persistently

• Capital flows: Investors may favor commodity-linked and inflation-resistant assets

• Exchange rates: Increased divergence driven by inflation exposure and policy response

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Structural Inflation Regime Shift

The transition from energy-driven inflation to broad-based cost inflation signals a structural shift. Inflation is becoming embedded and multi-layered, reducing the effectiveness of traditional monetary tools.

• Pillar 2: Supply Chain and Resource Repricing

Global supply chains are being repriced around energy access, resource control, and geopolitical alignment. This is accelerating a move toward regionalization and strategic resource dominance.

CONCLUSION

The current oil shock is no longer just a market event—it is evolving into a system-wide transformation of cost structures and inflation dynamics. What begins as an energy disruption is now spreading into food systems, supply chains, and monetary policy constraints.

Markets may still be reacting in phases, but the underlying shift is clear: inflation is becoming more persistent, more complex, and more difficult to control.

This marks a critical turning point where energy, inflation, and policy are converging into a sustained structural shift in the global financial system.

The shock is no longer temporary—it is embedding itself into the foundation of the global economy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "Global markets rocked by record oil surge and war-driven volatility"

• Reuters Breakingviews — "Food inflation is hard to digest for central banks"

~~~~~~~~~~

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“News Tidbits From TNT” Tuesday 3-31-2026

TNT:

Tishwash:  Oil above $100... Hormuz disrupts supplies and there is no clear agreement with Iran

Global oil prices have surged above $100 a barrel, driven by escalating tensions in the Middle East and reduced oil flows through the Strait of Hormuz, one of the world's most vital energy chokepoints.  

Brent Crude has fluctuated between $103 and $110 a barrel in recent days, experiencing sharp volatility linked to developments on the ground and political statements regarding Iran. Recent data indicates that Brent reached $107 today (March 30, 2026), an increase of more than 2%.

The Strait of Hormuz: A Troubled Artery.

Shipping traffic through the strait has slowed considerably, with limited passage of oil tankers, particularly from Asian countries, amid cautious routes suggesting tacit coordination with Iran. 

Reports have also indicated a significant drop in activity, with direct threats to block the passage of ships associated with "enemies," as Iran has designated them. These "enemies" include countries linked to the United States and Israel, according to the Iranian classification, which also encompasses Gulf states. This has led markets to price in scenarios of a severe supply shortage. 

Is there an agreement with Iran?

Despite US President Donald Trump's announcement of "promising opportunities" for reaching an agreement, Tehran denied the existence of direct negotiations, confirming only contacts through intermediaries, thus maintaining a state of uncertainty in the market. 

This discrepancy between political statements and the reality on the ground has led markets to react cautiously, with prices rising with any escalation and temporarily declining with talk of a possible de-escalation. Regarding 

Basra oil and tankers 

, there are still no clear indications of a complete stabilization of oil tanker traffic in the Gulf, including Iraqi exports from Basra ports, as shipping remains directly linked to the level of tension in the Strait of Hormuz.

According to current data, tanker transit is limited and cautious, and no full or safe return to normal export operations has been announced, despite the Iraqi side's announcement of reaching an agreement with Iran regarding allowing Iraqi oil to transit through Hormuz.

According to reports up to March 30, 2026, at least one oil tanker carrying Iraqi crude had transited the Strait of Hormuz since the outbreak of regional tensions that led to its de facto closure. 

The supertanker "Omega Trader," operated by a Japanese company, successfully transited the Strait of Hormuz carrying two million barrels of Iraqi oil.

The tanker arrived in Mumbai, India, suggesting that the transit was arranged specifically to serve the Indian market.

In mid-March, the Iraqi oil minister announced ongoing communication with Iran to secure passage for some tankers to alleviate the oil glut. However, the transit remains very limited and does not represent a full resumption of exports.

Iran stipulates that tankers must not be affiliated with the United States or Israel to be permitted passage, and limited exceptions have been granted to countries such as India, Pakistan, and China.  link

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Tishwash:  Three sources of payroll funding: A new strategy to counter global financial shocks

Amid a turbulent international scene, Baghdad is sending reassuring messages to millions of employees and those covered by the welfare network, stressing that the compass of living stability will not be affected by the tremors of energy markets or the winds of regional crises.

Relying on a combination of digital transformation of tax collection, capitalizing on the oil price boom, and a solid cash reserve, represents a financial "buffer zone" through which Iraq seeks to secure the livelihood of its citizens, away from the repercussions of the surrounding political and military conflicts.

Countering global financial shocks

In this regard, the Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Tuesday that the current policy guarantees the continuation of salaries and social welfare grants. While he identified three main sources to ensure the sustainability of salaries and social spending, he indicated that Iraq is capable of facing global financial and economic shocks efficiently and effectively.

Saleh said: “Ensuring the sustainability of monthly expenditures for salaries, wages, pensions, and social welfare allowances, in light of the current economic challenges and global fluctuations due to geopolitical risks , is a top priority, and depends on three main sources of revenue that guarantee the protection of the living and social stability of citizens on a regular monthly basis.”

Maximize revenues

He explained that “the first source is maximizing non-oil revenues, as ensuring the liquidity of collecting these revenues is achieved by intensifying approved electronic payment methods, which enhances the state’s own financial resources and reduces total dependence on oil revenues.”

Expanding the oil export base

Saleh added that “the second source is expanding the base of crude oil and petroleum product exports. This policy includes using traditional export channels whenever possible, including land and sea transport through neighboring countries, according to current global oil prices, which have seen an increase of nearly 70% compared to their levels before the outbreak of tensions in the Gulf and Middle East region.”

He pointed out that “this export expansion, in light of high crude oil prices, contributes to boosting the revenues needed to cover social spending and ensure the stability of the local market.”

quantitative easing policies

He explained that “the third source of revenue is to follow a pattern of targeted quantitative easing policies, with monetary and fiscal coordination, where coordination between monetary and fiscal policy is intensified, and this coordination is supported by efficient foreign exchange reserves, to ensure the stability of the national economy and the sustainability of public social spending, including the payment of salaries, pensions and social welfare allowances without any interruption.”

Saleh concluded by saying, “The continuation of these integrated policies guarantees the protection of monthly job income, enhances economic and social stability in the country, and enables Iraq to face global financial and economic shocks efficiently and effectively.”  link

Tishwash:  Government advisor: 13% of the economy is used to subsidize goods and stabilize fuel prices.

The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that government support for goods and services in Iraq amounts to about 13% of the gross domestic product, noting that the stability of fuel prices despite the rise in global oil prices has contributed to the stability of living costs.

Saleh told Al-Furat News Agency that: “The situation in the country is very different, as government support for goods and services consumes the equivalent of 13% of the gross domestic product,” noting that “the stability of fuel prices in Iraq, despite the rise in global oil prices due to the geopolitical conditions in the world and the Middle East in particular, represents the highest case of price support and is reflected in the stability of living costs.”

He explained that "the stability of fuel prices is reflected in the costs of services, especially transportation, electricity generation and domestic use of fuel, in addition to the consumption of fuel and energy for industrial and agricultural purposes and various professional activities."

Saleh added that "supporting the food and medicine basket and the necessities of life will undoubtedly reduce what is called imported inflation of goods entering the country resulting from the effects of rising global energy prices, in which the price of a barrel of oil has exceeded $107."

 He explained that "the common rule among economic circles indicates that a 10% increase in oil prices leads to an increase in global inflation of about 0.2% to 0.4%, and this increase is usually included in the imported inflation equation for products."

Saleh noted that "the economic authorities in the country renew their commitment to continue supporting the living stability of citizens, enhancing economic and social security, and taking measures to confront any external challenges in a way that ensures the sustainability of growth and protects economic gains."  link

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

Tishwash: Netanyahu: There are military solutions to reopen the Strait of Hormuz, led by Washington.

Israeli Prime Minister Benjamin Netanyahu revealed on Monday evening that there are US-led military solutions to reopen the Strait of Hormuz, but declined to elaborate.

Netanyahu told the American website Newsmax, "The Strait of Hormuz can be bypassed, and there is an interest in achieving this and allowing the free flow of oil and gas. There are military solutions to reopen the strait led by the United States, but I will not address them."

He noted that "there are post-war ideas to divert energy and oil pipelines from the Gulf to Mediterranean ports."

US Treasury Secretary Scott Bisent revealed on Monday that "individual" agreements had been made with Iran for ships to pass through the Strait of Hormuz. This coincided with preparations by European Union energy ministers to hold an emergency meeting on Tuesday to discuss ways to coordinate a response to the disruptions in global energy markets caused by the war with Iran.

Earlier today, US President Donald Trump said that Iran had agreed to allow 20 oil tankers to pass through the Strait of Hormuz starting Monday morning for several days "as a gesture of respect," adding that Tehran "agrees with most" points of America's ceasefire plan.

In an interview with Israel's Channel 14, Trump said: "The Iranians desperately want to reach an agreement and are begging to do so," stressing that the United States is "already working to control the Strait of Hormuz."

In response to a question about the level of coordination with Israeli Prime Minister Benjamin Netanyahu, he explained that relations are "at their peak," adding: "The coordination is very close, and our relationship is good. It couldn't be better."   link

Seeds of Wisdom RV and Economics Updates Tuesday Morning 3-31-26

Good Morning Dinar Recaps,

War Costs Pressure U.S. Debt: Rising Yields Signal Growing Strain on Treasury Markets

Escalating conflict-driven spending and inflation pressures are pushing U.S. borrowing costs higher, raising concerns about long-term fiscal sustainability.

OVERVIEW (KEY POINTS)

The U.S. Treasury market is facing mounting pressure as inflation and war-related costs push yields higher, signaling growing stress within the financial system. The conflict with Iran has already driven energy prices upward, feeding into inflation and complicating monetary policy decisions.

At the same time, a new layer of concern is emerging: the fiscal burden of a prolonged conflict, including increased military spending, potential tariff refunds, and stimulus measures if economic growth weakens. These pressures are building on an already fragile fiscal position marked by record debt levels.

Bond markets are beginning to reflect this strain. The S&P U.S. Aggregate Bond Index has declined, while Treasury yields across maturities are rising, indicating reduced investor appetite and higher borrowing costs.

The broader implication is a tightening financial environment where fiscal expansion and monetary constraints collide, creating structural pressure on the U.S. debt market and the global financial system.

KEY DEVELOPMENTS

1. Rising Yields Reflect Inflation and War Pressures

Treasury yields are climbing as inflation persists and conflict-driven costs increase.

• 10-year yields approached 4.5%, signaling higher long-term borrowing costs

• Markets are adjusting to prolonged inflation and delayed rate cuts

2. Fiscal Deficit Risks Expanding Sharply

War-related spending could significantly increase the U.S. deficit.

• Deficit projected near 6% of GDP, potentially rising toward 8% with war costs

• Additional burdens include military funding, tariff refunds, and stimulus measures

3. Record Debt Amplifies Systemic Risk

The U.S. fiscal position was already under strain before the conflict.

• National debt has reached approximately $39 trillion

• Annual interest payments nearing $1 trillion, limiting fiscal flexibility

4. Weak Demand Signals Bond Market Stress

Recent Treasury auctions show soft demand, reflecting investor caution.

• Short-term yields rising due to reduced expectations of Fed rate cuts

• Long-term yields also increasing, indicating broad-based pressure

5. Policy Uncertainty Complicates Market Outlook

Monetary and fiscal policy paths remain unclear.

• Federal Reserve may face limits on rate cuts amid rising spending

• Treasury may adjust issuance strategy if long-term yields continue climbing

WHY IT MATTERS

The combination of rising yields, expanding deficits, and persistent inflation creates a challenging environment for the U.S. economy. Higher borrowing costs can slow investment, tighten financial conditions, and increase debt servicing burdens.

Markets are entering a phase where fiscal policy is no longer neutral, but a major driver of financial conditions. This increases the risk of volatility across bonds, equities, and global capital flows.

At the system level, the U.S. debt market—long considered the foundation of global finance—is facing growing structural pressure, which could have ripple effects worldwide.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Rising yields may support the U.S. dollar short term, but long-term debt risks could weaken confidence

• Purchasing power: Persistent inflation erodes real value across currencies

• Capital flows: Investors may shift toward higher-yield or safer assets, impacting global liquidity

• Exchange rates: Increased volatility tied to policy uncertainty and debt sustainability concerns

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Debt Sustainability Under Pressure

The expanding U.S. deficit and rising interest costs highlight a structural challenge to sovereign debt sustainability. As borrowing becomes more expensive, governments face harder trade-offs between spending and stability, reshaping fiscal policy globally.

• Pillar 2: Shift in Global Capital Allocation

Rising yields and fiscal uncertainty are driving a reallocation of global capital, as investors reassess risk and return. This shift could accelerate diversification away from traditional safe-haven assets and alter the balance of financial power.

CONCLUSION

The U.S. Treasury market is entering a period of heightened pressure as fiscal expansion collides with tighter financial conditions. Rising yields are not just a market reaction—they are a signal of deeper structural strain within the system.

While markets have not fully repriced these risks, the trajectory of debt, deficits, and geopolitical costs suggests that pressures are building beneath the surface.

This moment reflects a broader shift where fiscal policy, not just monetary policy, is driving market outcomes, with implications that extend far beyond U.S. borders.

The cost of conflict is no longer contained—it is being absorbed directly into the foundation of the global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Modern Diplomacy — "Treasury Market Faces Rising Costs of Prolonged War"

• Reuters — "U.S. Treasury yields rise amid inflation and fiscal concerns"

~~~~~~~~~~

🌱A Message to Our Currency Holders🌱

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

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

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

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

That is not your failure.

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

Instead, we focus on:

• Verifiable developments • Institutional evidence

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

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

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

Protect your identity. Organize your documents.    Verify everything.

Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team

Newshounds News

~~~~~~~~~~

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Iraq Economic News And Points To Ponder Tuesday Morning 3-31-26

Saleh: 3 Main Sources Ensure The Sustainability Of Salaries And Social Spending And Iraq's Ability To Cope With Crises

Money and Business   Economy News – Baghdad   The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Tuesday that the current policy guarantees the continuation of salaries and social welfare grants. While identifying three main sources to ensure the sustainability of salaries and social spending, he indicated that Iraq is capable of facing global financial and economic shocks efficiently and effectively.

 Saleh said that "the sustainability of monthly expenditures for salaries, wages, pensions and social welfare allowances, in light of the current economic challenges and global fluctuations due to geopolitical risks, is a top priority, and depends on three main sources of revenue that ensure the protection of the living and social stability of citizens on a regular monthly basis."

He explained that "the first source is maximizing non-oil revenues, as ensuring the liquidity of collecting these revenues is achieved by intensifying approved electronic payment methods, which enhances the state's own financial resources and reduces total dependence on oil revenues."

Saleh added that “the second source is expanding the base of crude oil and petroleum product exports. This policy includes using traditional export channels whenever possible, including land and sea transport through neighboring countries, according to current global oil prices, which have seen an increase of nearly 70% compared to their levels before the outbreak of tensions in the Gulf and Middle East region.”

He pointed out that “this export expansion contributes, in light of high crude oil prices, to boosting the revenues needed to cover social spending and ensure the stability of the local market.”

He explained that "the third source of revenue is to follow a pattern of targeted quantitative easing policies, with monetary and fiscal coordination, where coordination between monetary and fiscal policy is intensified, and this coordination is supported by efficient foreign exchange reserves, to ensure the stability of the national economy and the sustainability of public social spending, including the payment of salaries, pensions and social welfare allowances without any interruption."

Saleh concluded by saying: “The continuation of these integrated policies guarantees the protection of monthly job income, enhances economic and social stability in the country, and makes Iraq capable of facing global financial and economic shocks efficiently and effectively.”   https://www.economy-news.net/content.php?id=67351

Eurozone Bonds Are Nearing Their Worst Monthly Performance In A Decade.

Money and Business   Economy News - Follow-up   Eurozone government bonds are on track to record one of their worst months in the past decade, driven by inflation fears stemming from rising oil and gas prices due to the war with Iran and the closure of the Strait of Hormuz.

Italy’s 10-year borrowing costs rose to 4.14%, their highest level since mid-2024, while French 10-year bond yields touched 3.9%, the highest since 2009, and Spanish yields rose to 3.7% for the first time since late 2023.

Fund managers believe that rising long-term bond yields are exacerbated by the expected impact on public finances resulting from higher borrowing costs and measures aimed at protecting consumers from rising prices.

Investors are betting that the European Central Bank will raise interest rates three times this year to contain an expected wave of inflation.  https://www.economy-news.net/content.php?id=67314

Iraq Is Losing About $11 Million A Month Due To The Suspension Of Air Traffic.

Money and Business‍ ‍Economy News – Baghdad   The Echo Iraq Observatory announced on Monday that Iraq is losing about $360,000 a day as a result of the suspension of flights through its airspace, which is equivalent to $10.8 million a month, amid the repercussions of the ongoing war in the region.

The observatory explained that before the outbreak of the war, Iraqi airspace witnessed the passage of about 800 aircraft daily, both local and foreign, which is higher than the previous rates that ranged between 700 and 750 aircraft daily.   He added that the fees for a single aircraft crossing Iraqi airspace amounted to about $450, which provided daily revenues estimated at $360,000.

The observatory noted that the suspension of air traffic came after the Ministry of Transport announced, on February 28, the closure of Iraqi airspace due to security developments in the region.https://www.economy-news.net/content.php?id=67310

60 Oil Tankers Crossed Through The Al-Walid Border Crossing And Headed To Revive The Haditha-Aqaba Pipeline.

Money and Business   Economy News – Baghdad   Anbar Provincial Council member Adnan al-Kubaisi announced on Tuesday that more than 60 trucks loaded with Iraqi oil have begun crossing through the al-Walid border crossing, expecting the number of trucks transporting oil to rise to between 600 and 700 in the coming period.

Al-Kubaisi said, "There is a trend to resume the mechanism of exporting oil through the Syrian and Jordanian ports in quantities that may exceed 200,000 barrels per day, as was the practice before 2003 using tankers."

He added that "the next stage may witness parliamentary action to compel the government to implement the modern Aqaba pipeline project, given its strategic importance in diversifying oil export outlets."

Al-Kubaisi pointed out that "the project was previously approved but faced objections, but there is currently pressure to reactivate it and proceed with its completion, given the economic benefits it provides, as well as its positive impact on Anbar Governorate, especially with regard to the petrodollar file."   https://www.economy-news.net/content.php?id=67362

The Integrity Commission Announces Its Annual Report: Protecting 837 Billion Dinars And Hundreds Of Millions Of Dollars

Money and Business   Economy News – Baghdad   The Federal Integrity Commission announced the details of its annual report, confirming that the total amount of funds that were preserved amounted to (837,094,441,942) eight hundred and thirty-seven billion Iraqi dinars, and (550,815,321) five hundred and fifty million US dollars, within the framework of its investigative and precautionary procedures aimed at protecting public funds and preventing their waste.

The Authority explained that the number of reports it considered during the year amounted to (37,175) reports with a completion rate of (85.64%), while the number of criminal cases amounted to (31,355) cases with a completion rate of (73.23%), which reflects the growing volume of work in the investigative field, indicating that the number of summons orders issued amounted to (14,645) orders, including (18) orders against ministers and those of their rank, and (276) orders against those of special ranks, general managers and those of their rank.

The number of arrest warrants reached (3461) warrants, including (21) warrants against ministers and those of their rank, and (118) warrants against those of special ranks, in addition to issuing (1950) arrest warrants, and (215) travel ban decisions, including decisions against senior leaders, noting the implementation of (1555) arrest operations in various governorates, which resulted in the arrest of (671) accused persons caught in the act, while the number of cases referred to the competent court reached (2444) cases, and (5676) referral orders were issued, including (8) warrants against ministers and those of their rank and (89) warrants against those of special ranks and general managers.

Regarding stalled projects, the commission identified (116) projects in (10) governorates, with a total value of (946,031,754,995) billion dinars and (721,191,424) million dollars, and (32) criminal cases were opened concerning them.

In the legal field, the Authority confirmed the issuance of (522) non-final judicial rulings of conviction involving (810) convicts, while the rulingsthat had reached the final level amounted to (370) rulings of conviction, and the number of convicts covered by the general amnesty amounted to (1301) convicts for (666) judicial decisions.

She continued, explaining that her achievements in the preventive field were represented by receiving (49,060) financial disclosure statements, in which the response rate of the three presidencies was (100%), and revealing (83) cases of conflict of interest, while the total amount of funds in which final judicial rulings were issued in cases of illicit enrichment amounted to (21,035,599,000) billion Iraqi dinars, while the number of visits carried out by the Commission through its teams to monitor job performance and enhance the integrity of work procedures, protect public funds, follow up on press monitoring, and follow up on the implementation of the electronic governance project and the comprehensive digital transformation, amounted to (734) visits that included (419) administrative formations, while the number of reports prepared regarding them amounted to (61) reports.

In the field of recovery, the number of files for receiving fugitives that are ready is (78) files, and (55) files are being prepared, while the number of files for recovering smuggled funds that are ready is (56) files, and (139) files are being completed, and (5,947,308,992) five billion Iraqi dinars were recovered inside Iraq.

The Authority affirmed that these indicators reflect an increase in institutional performance and integration between investigative, legal, preventive and awareness-raising roles, which enhances the protection of public funds and consolidates the principles of integrity and transparency.  https://www.economy-news.net/content.php?id=67359

Iraq Allows The Import Of 5 Agricultural Crops To Meet Market Demand.

Money and Business   Economy News – Baghdad   The Ministry of Agriculture announced on Tuesday that it has opened the door to importing five agricultural crops in order to meet the needs of the local market and to ensure price stability in the country.

The ministry stated in a statement received by “Al-Eqtisad News” that the crops allowed to be imported through all border crossings are: (cabbage, cauliflower, turnip, beetroot, and lettuce), noting that the decision came in light of the end of the season of their local abundance.

The statement added that the decision was issued based on the approved “agricultural calendar” indicators and monitoring of the wholesale markets, which confirmed the depletion of the local product, noting that the Ministerial Council for Economy had approved the Ministry’s request in this regard.   https://www.economy-news.net/content.php?id=67353

Locally, Gold Prices Have Risen Significantly, Coinciding With The Rise Of The Dollar.

Money and Business   Economy News – Baghdad   Gold prices, both foreign and Iraqi, recorded a significant increase on Tuesday in the local markets of Baghdad and Erbil, coinciding with a slight movement in the dollar exchange rates.

In the wholesale markets on Al-Nahr Street in Baghdad, the selling price of one mithqal of Gulf, Turkish and European 21-karat gold reached about 997 thousand dinars, compared to 993 thousand dinars for buying, after the selling price yesterday was 989 thousand dinars.

The selling price of a mithqal of 21-karat Iraqi gold reached approximately 967,000 dinars, while the buying price was 963,000 dinars. In goldsmith shops, the selling price of a mithqal of Gulf gold ranged between 1 million and 1,010,000 dinars, while Iraqi gold ranged between 970,000 and 980,000 dinars.

In Erbil, prices also rose, with the selling price of 22-karat gold reaching about 1.078 million dinars, 21-karat gold about 1.030 million dinars, while 18-karat gold recorded about 882 thousand dinars.

This increase coincided with a slight rise in the dollar exchange rates in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, where it recorded 155,250 dinars per 100 dollars.

The pricing of gold locally is based on a formula that includes the global price of an ounce and the dollar exchange rate in the local market.   https://www.economy-news.net/content.php?id=67350

The Qatar Central Bank Is Taking A Series Of Measures To Protect The Financial System.

Banks   Economy News - Follow-up   The Qatar Central Bank announced a package of proactive measures to protect the country’s financial system in light of the geopolitical events the country is going through.

In a statement published by the bank, the Central Bank explained that the bank's financial position is in excellent condition, that the liquidity situation in the country is solid, and that capital levels significantly exceed regulatory requirements.

The bank explained that Qatar’s financial system has a strong financial structure that is the result of years of work.

 Regarding the new procedures, the bank explained that it will provide unlimited repurchase (repo) facilities in Qatari Riyals, in addition to overnight repurchase facilities, and the bank will launch facilities for term repurchase operations of up to three months.

These measures enable banks to manage their cash flows with a degree of certainty. The bank also added measures to support borrowers.https://www.economy-news.net/content.php?id=67303

MilitiaMan and Crew: IRAQ DINAR UPDATE- Reality Read Out-Progress Under Crisis

MilitiaMan and Crew: IRAQ DINAR UPDATE- Reality Read Out-Progress Under Crisis

3-30-2026

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

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

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

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

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

Iraq Economic News And Points To Ponder Monday Afternoon 3-30-26

Airspace Closure Costs Iraq $360K Daily

2026-03-30   Shafaq News- Baghdad  Iraq is losing an estimated $360,000 per day due to the suspension of overflights across its airspace, totaling about $10.8 million per month, according to the Eco Iraq Observatory on Monday.

The observatory said Iraqi airspace had previously handled around 800 flights per day —both domestic and international— exceeding earlier averages of 700 to 750 flights daily, adding that each aircraft paid approximately $450 in overflight fees, generating daily revenues of about $360,000.

Read more: Iraq airspace closure costs $43 million during US-Israel war on Iran

Air traffic has been halted since the Ministry of Transport closed Iraqi airspace on February 28 following the outbreak of the Israel-US war on Iran, amid escalating regional security risks, including missile and drone exchanges across Iraqi skies and attacks by Iran-aligned factions on US facilities in Baghdad and the Kurdistan Region.  https://www.shafaq.com/en/Economy/Airspace-closure-costs-Iraq-360K-daily

Oil Surges As Houthi Attacks Widen Middle East Conflict

2026-03-30 Shafaq News   Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after ‌Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East.

Brent crude futures jumped $2.43, or 2.16%, to $115 a barrel by 0342 GMT after settling 4.2% higher on Friday.

U.S. West Texas Intermediate was at $101.50 a barrel, up $1.86, or ​1.87%, following a 5.5% gain in the previous session.

"The market has all but discounted the prospect of a ​negotiated end to the war, Trump’s claims of ongoing 'direct and indirect' talks with Iran notwithstanding, and ⁠is bracing for a sharp escalation in military hostilities, which is a bullish signal for crude, with huge uncertainties on ​the timing and nature of the outcome," said Vandana Hari, founder of oil market analysis provider Vanda Insights.

U.S. President Donald Trump said​the U.S. and Iran have been meeting "directly and indirectly" and that Iran's new leaders have been "very reasonable", as more U.S troops arrived in the region, while the Israeli military said on Monday it is attacking the Iranian government's infrastructure throughout Tehran.

Brent has soared 59% this month, the steepest monthly ​jump, exceeding gains seen during the 1990 Gulf War, after the Iran conflict effectively closed the Strait of Hormuz, a conduit ​for a fifth of the world's oil and gas supplies.

The war, launched on February 28 with U.S. and Israeli strikes on Iran, has ‌spread ⁠across the Middle East, with Yemen's Iran-aligned Houthis on Saturday launching their first attacks on Israel since the start of the conflict, raising concern about shipping lanes around the Arabian Peninsula and the Red Sea.

"The conflict is no longer concentrated in the Persian Gulf and around the Strait of Hormuz, but now extends into the Red Sea and the Bab el-Mandeb — one of the ​world's most crucial chokepoints for ​crude and refined product flows," ⁠JP Morgan analysts led by Natasha Kaneva said in a note.

Saudi crude exports re-directed from the Strait of Hormuz to the Yanbu port in the Red Sea reached 4.658 million barrels ​per day last week, data from analytics firm Kpler showed.

If exports from Yanbu were disrupted, ​Saudi oil would ⁠need to pivot toward Egypt’s Suez-Mediterranean (SUMED) pipeline to the Mediterranean, JP Morgan analysts said.

Attacks in the region escalated over the weekend and damaged Oman's Salalah terminal despite efforts to start ceasefire talks.

Iran said it was ready to respond to a U.S. ground attack, accusing Washington ⁠on Sunday ​of preparing a land assault even as it sought negotiations.

Pakistan's Foreign Minister ​Ishaq Dar said they had covered possible ways to bring an early and permanent end to the war in the region as well as potential U.S.-Iran ​talks in Islamabad.

(REUTERS)   https://www.shafaq.com/en/Economy/Oil-surges-as-Houthi-attacks-widen-Middle-East-conflict

Oil Could Hit $200 As Trump Threats Rattle Markets

2026-03-30 Shafaq News- Washington/ Tehran   Oil prices could surge to $200 per barrel if the conflict escalates, analysts warn, as US threats against Iranian energy infrastructure and disruptions in the Strait of Hormuz tighten global supply.

Tamas Varga of PVM Energy said a ground offensive against Iran, expanded strikes on Gulf energy assets, or a full closure of Hormuz would sharply constrain flows, pushing prices toward extreme levels. Even a disruption of 10 million barrels per day would remove roughly three days of global supply each month.

US President Donald Trump raised tensions further, suggesting Washington could seize Iran’s Kharg Island, a key export hub, or destroy it if Tehran fails to reopen Hormuz and negotiations stall. Analysts say capturing the island would not grant control over Iranian oil but would cripple export capacity and drive prices higher.

The conflict has already disrupted shipments through Hormuz, a chokepoint for about 20% of global oil and gas flows, amplifying volatility across energy markets. Even under a ceasefire, restoring supply chains could take months, with additional US deployments signaling prolonged instability.

The impact is feeding into inflation risks in Europe. Germany has moved to cap fuel price increases, while businesses signal further price hikes as energy costs rise.  https://www.shafaq.com/en/Economy/Oil-could-hit-200-as-Trump-threats-rattle-markets

Cash Dominates Payments In Iraq Despite Rise In Bank Cards

2026-03-30 Shafaq News- Baghdad   Cash transactions remain the preferred method of payment for many Iraqis despite the expansion of banking cards and digital applications, as concerns over trust and system stability continue to limit broader adoption.

Economic expert Mohammed Al-Hassani told Shafaq News on Monday that Iraq’s liquidity structure continues to reflect a heavy reliance on cash, noting that around 40% to 45% of the money supply remains outside the banking system, while only 55% to 60% is held within banks.

The Central Bank of Iraq (CBI) also indicated that total cash in circulation stands at 93.789 trillion dinars, while 115.535 trillion dinars ($79.7 billion) are held within banks. Recent economic reports estimate that 90% to 95% of transactions in Iraq are still conducted in cash.

Financial adviser to the Prime Minister, Mazhar Mohammed Salih, told our agency that the informal economy still accounts for a significant share of activity in Iraq, reinforcing reliance on cash, particularly in markets and small businesses. He added that cultural factors and limited digital financial awareness contribute to this preference, alongside concerns over fees and technical errors, noting that many cardholders use their cards primarily to withdraw salaries rather than as a payment tool.

However, Salih pointed to emerging positive indicators, with gradual growth in the use of electronic payment cards, particularly at fuel stations and in some services, supported by the government’s economic and banking reform program.

Speaking to Shafaq News, financial expert Mahmoud Dagher said the shift from cash to electronic payments faces several challenges, including the lack of a fully organized economic cycle, such as business registration, property documentation, and access to bank accounts.

Additionally, the absence of large segments of consumers and merchants from the banking system limits the expansion of electronic payment tools, while increasing trust in the banking sector and offering incentives, such as discounts or additional benefits, is essential to encourage adoption.

“Imposing electronic payments by force may not yield positive results,” he stated, noting that Iraq’s electronic payment system is still relatively new, having emerged only around two years ago.https://www.shafaq.com/en/Economy/Cash-dominates-payments-in-Iraq-despite-rise-in-bank-cards

Read more: From Cash to Cards: Iraq's shift to a cashless future

Read more: Cash culture dominates Iraq, reform efforts stall

Dollar Rises In Baghdad And Erbil

2026-03-30 Shafaq News- Baghdad/ Erbil   The US dollar opened Monday’s trading higher 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 155,200 dinars per 100 dollars, up from the previous session’s 154,500 dinars.

In the Iraqi capital, exchange shops sold the dollar at 155,750 dinars and bought it at 154,750 dinars, while in Erbil, selling prices stood at 155,100 dinars and buying prices at 155,050 dinars.   https://www.shafaq.com/en/Economy/Dollar-rises-in-Baghdad-and-Erbil-6-7

Gold Prices Rise In Baghdad And Erbil Markets

2026-03-30 Shafaq News- Baghdad/ Erbil   On Monday, gold prices hovered around 990,000 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 989,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 985,000 IQD. The same gold had sold for 978,000 IQD on Sunday.

The selling price for 21-carat Iraqi gold stood at 959,000 IQD, while the buying price reached 955,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 990,000 and 1,005,000 IQD, while Iraqi gold sold for between 960,000 and 970,000 IQD.

In Erbil, 22-carat gold was sold at 1,063,000 IQD per mithqal, 21-carat gold at 1,015,000 IQD, and 18-carat gold at 870,000 IQD.   https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-and-Erbil-markets-4-0

USD/IQD Exchange Rates Edge Higher In Baghdad And Erbil

2026-03-  Shafaq News- Baghdad/ Erbil   The US dollar closed Monday’s trading higher in Iraq, hovering around 155,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 155,250 dinars per 100 dollars, up from the morning session’s 155,200 dinars.

In the Iraqi capital, exchange shops sold the dollar at 155,750 dinars and bought it at 154,750 dinars, while in Erbil, selling prices stood at 155,600 dinars and buying prices at 154,350 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-edge-higher-in-Baghdad-and-Erbil-3

“News Tidbits From TNT” Monday 3-30-2026

TNT:

Tishwash:  The Iraqi parliament sets April 11 as the date for holding a session to elect the president of the republic.

The Iraqi parliament's presidency announced on Monday that April 11th has been set as the date for a session to elect the president of the republic.

The Presidency of the Council stated in a statement received by Shafaq News Agency that it “held an expanded meeting with the heads of the parliamentary blocs to discuss a number of important files related to the work of the Council, most notably the discussion of a number of important laws that will be included on the agendas of the Council’s sessions during the coming period, as well as completing the vote on the Council’s standing committees.”

She added: "The meeting also discussed at length the issue of electing the President of the Republic, and the importance of proceeding with this constitutional entitlement and ending the political deadlock in light of the security and economic conditions that the country is suffering from."

According to the statement, the Speaker of Parliament decided to "set Saturday, April 11, as the date for holding a session to elect the President of the Republic," calling on the leaders of the political blocs to "assume their responsibilities in completing the constitutional requirements and forming a government capable of facing the challenges."

The Presidency of the House of Representatives held a consultative meeting yesterday, Sunday, in which it discussed the ongoing preparations to set a date for a session to elect the new President of the Republic of Iraq during this week in order to end the current political deadlock and proceed with the formation of the next government.

This comes as 220 members of the Iraqi parliament submitted a list of their names and signatures to the parliament's leadership, demanding that a session be held next Monday to elect the president of the republic.

The coordinating framework that brings together the ruling Shiite political forces in Iraq agreed to postpone deciding on a prime ministerial candidate until after the end of the ongoing regional war between the United States and Israel against Iran, according to a political source who spoke to Shafaq News Agency earlier.

The Coordination Framework had officially nominated Maliki on January 24, a move that opened the door to negotiations to form the new government, but the process faltered as disagreements continued over the election of the President of the Republic, the constitutional entitlement that precedes assigning the candidate of the largest bloc to form the government.  link

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Tishwash: Economic expert: A Hong Kong company has submitted a proposal to Iraq to extend two oil pipelines towards Jordan and Turkey.

Economic expert Nabil Al-Marsoumi revealed that Iraq has received an offer to construct oil pipelines from the Hong Kong-based company Heritage Funds LPF.

Al-Marsoumi stated in a Facebook post, which was monitored by Iraq Observer, that this company possesses extensive experience in financing government projects and is prepared to implement and finance the construction of an oil and gas pipeline project using an engineering, procurement, and construction (EPC) model based on barter contracts with a share of crude oil.

He explained that the company submitted its offer to the Iraqi Ministry of Oil to implement the following two projects:

1. A project extending from the port of Basra to the city of Haditha, and from Haditha to Aqaba in Jordan or the port of Latakia on the Mediterranean Sea in Syria.

2. A pipeline extending from the port of Basra to the Turkish border.

Al-Marsoumi did not specify when this offer was submitted or whether it was related to the current crisis.

Iraqi oil production halted after the closure of the Strait of Hormuz due to the ongoing war, and the strait is the main outlet for Iraqi oil exports.

While Iraq exported around four million barrels per day before the war, its exports have now plummeted to just 200,000 barrels per day via the Turkish Ceyhan pipeline and a few thousand more by tanker through Jordan.

Iraq faces complex economic challenges and fears of complete economic paralysis with the cessation of its oil revenues, which constitute more than 95% of the income of this rentier state. link

Tishwash:  Capital Intelligence awards an Iraqi bank a global rating for its ability to absorb risks despite challenges.

Capital Intelligence Ratings announced that it has affirmed the National Bank of Iraq’s core financial strength rating at “BB”, along with affirming its long-term and short-term foreign currency ratings at “B”, with a stable outlook. 

The bank said in a statement, “These ratings come as part of the periodic annual review conducted by the global rating agency to assess the financial performance of banking institutions.

The rating reflects the strength of the National Bank of Iraq’s financial position and growing operational performance, along with its continued commitment to applying the best international banking standards, which enhances the levels of confidence it enjoys among its customers and partners in the market.” 

According to the agency's report, the bank has succeeded in developing its balance sheet and capital base to become the largest bank in the Iraqi private sector, driven by a flexible business model and a banking strategy focused on providing banking services to companies and individuals.

Commenting on this achievement, the Managing Director of the National Bank of Iraq, Ayman Abu Dhaim, said, “The confirmation of our credit ratings by a prestigious global agency like Capital Intelligence, with the highest ratings awarded in the Iraqi market, is a testament to the strength of our financial position and the effectiveness of our expansion strategy.

We are committed to continuing to innovate and apply the best international standards to serve our clients and enhance our role as a key partner in supporting the Iraqi economy, especially with our recent investment in the electronic payment sector, which will reshape the digital banking experience in the country.” 

Capital Intelligence praised the bank's high operational efficiency, which maintained the best profitability levels among Iraqi banks. It also noted the bank's commitment to the new capital requirements set by the Central Bank of Iraq, which enhances its ability to absorb risks and continue sustainable growth in a challenging operating environment. 

The agency also affirmed the bank’s national ratings in Iraq at “iqA” for the long term and “iqA1” for the short term, with a stable outlook for all ratings.

The National Bank of Iraq’s core financial strength rating and national rating are the highest among Iraqi banks covered by Capital Intelligence, reflecting the bank’s robust financial position and asset quality, along with strong liquidity supported by a growing customer deposit base and high profitability levels.  link

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Tishwash: Al-Hakim is planning the return of Al-Sudani, and Parliament is ready on Tuesday... Bahaa Al-Araji is very optimistic

The head of the Reconstruction and Development parliamentary bloc, Bahaa al-Araji, revealed on Sunday (March 29, 2029) an intensive political movement led by the Wisdom Movement to reinstate Mohammed Shia al-Sudani for a second term as Prime Minister.

He confirmed that 9 out of 12 forces within the coordination framework support this direction. Al-Araji indicated that the upcoming parliamentary session next Tuesday will witness the achievement of a two-thirds quorum to elect the President of the Republic, considering any further delay to be a “clear violation of the constitution.”

He added that Iraq is exempt from the decision to prevent passage through the Strait of Hormuz, and that Washington informed the Kurdistan Regional Government of the error of its decision to prevent oil exports. Al-Araji also announced that April 8 has been set as the final date for resolving the outstanding entitlements.

The Reconstruction and Development Coalition published, via its Facebook page, a statement by the head of the bloc, Bahaa Al-Araji, which was followed by the 964 Network , in which he revealed that “the two-thirds quorum required to elect the President of the Republic will be achieved in the upcoming parliamentary session on Tuesday, stressing that the opposition does not exceed a minority, foremost among them the “Al-Asas” Coalition, while the Badr Organization and the Victorious and National Approach blocs will be at the forefront of those present.”

Al-Araji explained that “Fuad Hussein requested a postponement of the session, but in his opinion, the current delay constitutes a clear violation of the constitution.”

In the Prime Minister's file, Al-Araji stated that "nine out of twelve forces within the coordination framework support granting Mohammed Shia Al-Sudani a second term, noting that the Wisdom Movement is the owner of this project, and it is supported by the Sadiqun and Badr blocs and the forces of Abu Alaa Al-Walai."

He confirmed that “Nouri al-Maliki pledged to return the position to al-Sudani, and that the decision to withdraw al-Maliki’s nomination was taken implicitly despite the existence of an opposing wing within the State of Law coalition.”

On the security and regional level, Al-Araji praised Al-Sudani’s success in “keeping Iraq away from the war that Israel is trying to drag it into,” stressing that “the authority to declare war is limited to the Commander-in-Chief and Parliament, and that the decision to defend oneself belongs to the Popular Mobilization Forces alone.”

Al-Araji described the targeting of the army in Habbaniyah as an unintentional mistake, while he considered the bombing of Nechirvan Barzani’s house as a blatant attempt to incite strife.

Regarding the international scene, Al-Araji criticized the policies of the Trump administration, describing the decision to assassinate Iranian Supreme Leader Sayyid Ali Khamenei as a “foolish decision,” stressing that “Iraq is exempt from the decision to prevent passage through the Strait of Hormuz, and that Washington informed the Kurdistan Regional Government of the error of its decision to prevent oil exports.”

In a subsequent post on the “X” platform, Al-Araji said, “With a firm will and sincere parliamentary efforts, today we reaped the fruits of diligent work by setting April 8 as the final date for resolving the stalled entitlements.”

He added, “This achievement would not have seen the light of day were it not for the insistence on breaking the deadlock and moving towards forming a fully empowered government capable of confronting the grave challenges facing Iraq.”  link

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