What Happens If Oil Is No Longer Priced in Dollars?

What Happens If Oil Is No Longer Priced in Dollars?

Miles Franklin Media: 4-7-2026

Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, and Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, break down a major shift that could challenge the global financial system.

For decades, the petrodollar has been the foundation of global trade – oil priced in U.S. dollars, with revenues recycled back into U.S. assets. But that system may now be under pressure.

Reports suggest Iran is allowing oil shipments through the Strait of Hormuz only if payments are made in Chinese yuan. At the same time, China is building alternative payment systems like mBridge, while expanding infrastructure that allows yuan-based oil trade to be converted directly into physical gold.

Deutsche Bank is now warning that this conflict could test the dollar’s role in global trade and potentially accelerate the shift toward what some are calling the “petroyuan.” So what happens if oil is no longer priced in dollars?

In this ‘Quick Cut’ clip:

Is the petrodollar system starting to break?

Iran, yuan payments, and the Strait of Hormuz

China’s push for alternative trade systems (mBridge)

Oil-for-yuan… convertible into gold?

Why this could reshape global trade and reserves

What it means for the U.S. dollar and gold

https://www.youtube.com/watch?v=oGN9JnkW_ns

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 4-8-26

Good Afternoon Dinar Recaps,

Ceasefire Shockwave | Oil Collapse and Market Surge Signal Fragile Stability

Global markets rally hard, but underlying risks remain unresolved

Overview

A sudden U.S.–Iran ceasefire announcement triggered a dramatic reversal across global markets, with oil plunging, stocks surging, and bond yields falling. The move provided short-term relief from escalating war fears, particularly around the Strait of Hormuz—a critical artery for global energy supply.

However, despite the optimism, analysts warn the situation remains highly unstable, with continued regional conflict and unresolved tensions threatening to reverse gains quickly.

Key Developments

1. Oil Prices Collapse in Historic Move

Oil prices plunged over 15% in a single day, falling below $100 per barrel—one of the sharpest drops since 2020. The decline reflects rapid unwinding of war-risk premiums built into energy markets.

2. Global Stock Markets Surge on Relief Rally

Equity markets worldwide surged, with major indexes in Asia and Europe jumping 5–7%, as investors responded to reduced geopolitical risk and easing inflation expectations.

3. Bond Yields Fall as Rate Pressure Eases

Government bond yields declined sharply as markets began pricing in a lower likelihood of aggressive rate hikes, driven by falling oil prices and reduced inflation fears.

4. Ceasefire Remains Fragile Amid Ongoing Conflict

Despite the agreement, continued attacks in the region and disputes over ceasefire terms highlight how fragile the situation remains. Markets are increasingly sensitive to headline-driven volatility.

Why It Matters

This event underscores how quickly global financial conditions can shift when geopolitical pressure eases.

However, the sharp reaction also reveals a deeper issue: markets are heavily dependent on stability in energy supply routes, making them vulnerable to sudden shocks.

Why It Matters to Foreign Currency Holders

• Falling oil prices may temporarily ease global inflation pressures

• Dollar weakness during the rally suggests shifting capital flows

• Volatility remains elevated, increasing currency risk exposure

• Commodity-linked currencies may continue to swing with energy prices

Implications for the Global Reset

• Pillar 1: Volatility-Driven Monetary Instability

Sudden shifts in inflation expectations and rate outlooks highlight a system increasingly driven by external shocks rather than fundamentals.

• Pillar 2: Energy Dependency Exposed

The global economy’s reliance on key chokepoints like Hormuz reinforces the growing importance of resource control in financial power structures.

Analysis

The ceasefire has delivered immediate relief, but not resolution.

Markets are reacting to hope, not certainty, and the structural issues—energy disruption, geopolitical rivalry, and inflation risk—remain firmly in place.

If tensions reignite, the current rally could reverse rapidly, reinforcing a broader trend of instability-driven market cycles.

This is not stability — it’s a temporary release of pressure in a highly fragile system.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• “Oil Prices Plunge, Stocks Surge After Ceasefire” — The Guardian

• “Global Markets Jump as Oil Falls on Ceasefire” — Associated Press

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“Iraq News” Posted by Tishwash at TNT 4-8-2026

TNT:

Tishwash:  Parliamentarian: The session to elect the President of the Republic will proceed as scheduled, and absence will cost one million dinars.

 MP Nour Al-Bajari, from the "Al-Hasam" parliamentary bloc, confirmed on Tuesday that the Speaker of Parliament informed members of Parliament during Monday's session that next Saturday's session, dedicated to electing the President of the Republic, will proceed as scheduled and will be held on time.

Al-Bajari told Shafaq News Agency that "the Speaker of Parliament informed the MPs that Saturday's session will proceed as scheduled and will be held to elect the President of the Republic."

He added that "the Speaker of Parliament informed members of Parliament that MPs who are absent from the session to elect the President of the Republic will be officially marked absent and one million dinars will be deducted from their salaries."

He pointed out that "there is confirmation from the Speaker of Parliament and the heads of the political blocs that the session to elect the President of the Republic will be held on its scheduled date."

The Speaker of Parliament announced that April 11th has been set as the date for holding a session to elect the President of the Republic, following an extensive meeting with the heads of parliamentary blocs to discuss a number of issues related to the work of the Council.

The presidency stated that the meeting discussed "the issue of electing the president of the republic and the importance of proceeding with the completion of this constitutional entitlement and ending the state of political deadlock," before deciding to set Saturday, April 11, as the date for holding the election session. link

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Tishwash:  Britain is withdrawing its forces and canceling the deployment of military personnel in Iraq for fear they could become targets for Iran.

 The British newspaper i revealed that British military personnel have been evacuated from their duties in Iraq, against the backdrop of escalating tensions between the United States and Iran.

The newspaper quoted a military source as saying that the British Ministry of Defence had withdrawn a number of its personnel from Iraq and had also cancelled the deployment of forces that were scheduled to participate in military exercises as part of operations against ISIS.

The source explained, according to the newspaper, that the decision came as a result of "the high level of risk," whether in terms of the safety of individuals or the strategic risks associated with the presence of British forces within the American military system, which may make them vulnerable to targeting.

According to the report, British forces in Iraq had previously shot down Iranian drones during recent confrontations, with one strike coming within 400 meters of their positions last month.

The report noted that NATO had taken a similar step last month, withdrawing its advisory mission from Iraq and moving hundreds of its personnel to bases in Europe, following attacks targeting allied forces in the north of the country.

British forces are deployed in strategic locations in the Middle East, including a naval base in Bahrain with about 300 personnel, in addition to the participation of about 200 soldiers in supporting Iraqi and Kurdish forces through training and advising.   link

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Tishwash:  A Malaysian ship carrying one million barrels of Iraqi oil crosses the Strait of Hormuz

 The Malaysian Foreign Ministry in Kuala Lumpur said on Tuesday that a Malaysian ship had safely crossed the Strait of Hormuz and was now continuing on its way to its final destination.

Iran effectively closed this vital sea lane, through which a fifth of the world’s oil and liquefied natural gas flows pass, in response to the US and Israeli air strikes that began in late February.

The Malaysian Foreign Ministry confirmed in a statement that one of the seven Malaysian-owned commercial vessels stranded in the Strait of Hormuz due to the Iran war has been granted safe passage.

The ministry did not mention the name of the ship, its final destination, or whether it was carrying a cargo.

The ministry said, "This positive outcome follows high-level diplomatic efforts," including a phone call between Malaysian Prime Minister Anwar Ibrahim and Iranian President Masoud Pezeshkian late last month.

The Iranian embassy in Kuala Lumpur stated in a social media post on Monday that the first Malaysian ship had crossed the Strait of Hormuz.

Data from the London Stock Exchange Group and Kpler showed that the oil tanker "Ocean Thunder," chartered by Petco, a unit of Malaysian state energy company Petronas, crossed the strait near the Iranian coast loaded with Iraqi crude.

Kpler data showed that the tanker was loaded with about 1 million barrels of Basra Heavy crude on March 2, and is expected to unload its cargo in Pengerang, Malaysia in mid-April  link

Tishwash: Iraq has fallen out of the economic equation... Huge reserves with no trace, and the dinar faces ongoing challenges - Urgent

Economic expert Duraid Al-Anzi confirmed on Wednesday (April 8, 2026) that Iraq’s gold reserves do not play a direct role in improving the performance of the local economy, noting that they are effectively isolated within the management of the Central Bank and are used primarily to enhance its international standing.

Al-Anzi explained in a statement to “Baghdad Today” that Iraq possesses one of the most prominent gold reserves in the Arab world, and occupies advanced positions compared to a number of countries, but this has not been reflected in its credit rating, which is still within the (B) category, reflecting a clear gap between the size of the reserve and the overall economic performance.

He explained that owning gold gives the Central Bank of Iraq financial strength, and may indirectly support the dinar within the local market, but it has not succeeded in strengthening the position of the Iraqi currency globally, as the dinar is still among the weakest currencies, and the effect of the reserve is limited to achieving limited internal stability.

He pointed out that the relationship between the government and the central bank is governed by a strict legal framework that prevents the use of reserves, whether gold or cash, to finance the deficit or support the budget, except in exceptional cases that require special legislation, such as severe crises related to the cessation of oil revenues.

He added that the dollar reserve, which exceeds $100 billion and is deposited with international financial institutions, is subject to strict restrictions and controls, and cannot be used freely to address internal crises, which reduces the government's ability to rely on it as a direct solution.

He stressed that addressing the financial crises in Iraq cannot rely on cash or gold reserves, but requires activating internal revenues such as taxes, customs and fees, in addition to combating corruption and reducing financial waste, noting that there are internal files that can contribute to solving the crisis within a short period if they are managed seriously.

Al-Anzi cited the experiences of countries such as Lebanon, Turkey and Iran, which have large gold reserves, but at the same time suffer from severe monetary crises, which confirms that gold does not represent a direct solution to economic crises.

He added that the impact of Iraq’s gold reserves remains symbolic and indirect, and cannot be relied upon as a tool to address financial or monetary crises, considering that employing it in this way is not in line with sound economic principles.

The economies of countries, including Iraq, rely on a mix of financial and monetary tools to achieve stability. Gold reserves are one element of financial strength, but they are often used as currency cover or to boost international confidence, rather than as a direct tool for addressing crises.

Given the Iraqi economy's heavy reliance on oil revenues, challenges remain in diversifying income sources and strengthening non-oil sectors, meaning any decline in oil prices or revenues will directly impact financial stability.  link

**

Seeds of Wisdom RV and Economics Updates Wednesday Morning 4-8-26

Good Morning Dinar Recaps,

Ceasefire Sparks Market Rally | Trump’s Iran Pause Sends Oil Down, Stocks Up

Temporary peace lifts markets but deeper risks remain beneath the surface

Overview

A two-week ceasefire between the U.S. and Iran has triggered an immediate global market rebound, easing fears of a prolonged energy disruption in the Strait of Hormuz.

Following the announcement, oil prices dropped, bond markets strengthened, and equities surged, reflecting investor optimism that Gulf energy flows may resume. However, analysts caution that the ceasefire is fragile and temporary, with long-term risks still unresolved.

Key Developments

1. Markets Rally as War Fears Ease

The ceasefire led to a sharp reversal in market sentiment, with oil prices falling, stocks rising, and bonds gaining as investors priced in reduced geopolitical risk. The move signals how sensitive global markets are to energy supply disruptions.

2. Oil Market Remains Structurally Tight

Despite the drop in prices, analysts warn that oil supply will not normalize quickly. Damage to infrastructure and lack of confidence in lasting peace could keep markets tight, even if shipping resumes.

3. Ceasefire Credibility Gains Support

Pakistan’s involvement as an intermediary has added diplomatic weight to the agreement, increasing cautious optimism that the ceasefire could extend beyond the initial two-week window.

4. Inflation Risks Still Linger

Even with easing oil prices, experts suggest energy costs are unlikely to return to pre-conflict levels, meaning inflationary pressures may persist globally, especially in energy-dependent economies.

Why It Matters

This event highlights how quickly geopolitical developments can shift financial markets, particularly when tied to critical energy chokepoints like the Strait of Hormuz.

While markets are celebrating short-term relief, the situation underscores a deeper reality: global stability remains highly dependent on fragile geopolitical balances.

Why It Matters to Foreign Currency Holders

• Falling oil prices may provide temporary relief to inflation pressures

• Continued uncertainty supports safe-haven demand and volatility

• Energy-linked currencies may remain unstable in the near term

• Long-term pricing above pre-war levels could weaken purchasing power globally

Implications for the Global Reset

• Pillar 1: Market Sensitivity & Monetary Pressure

Rapid market swings tied to geopolitical events reveal a system that is increasingly reactive and fragile, putting pressure on central bank stability efforts.

• Pillar 2: Energy as a Financial Lever

Control over oil flows continues to act as a powerful influence on global finance, reinforcing the shift toward resource-driven economic dominance.

Analysis

The ceasefire offers a short-term release valve for global markets, but it does not resolve the underlying tensions driving instability.

Investors are reacting with measured optimism, recognizing that while conflict may pause, the structural risks to energy supply and inflation remain intact.

If the ceasefire evolves into a lasting agreement, markets could stabilize further. However, if tensions return, volatility may intensify quickly, reinforcing the current trend of uncertainty-driven financial behavior.

This is not just a ceasefire — it’s a temporary pause in a much larger global shift.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• “Trump’s Two-Week Iran Ceasefire: How Investors Are Responding” — Modern Diplomacy

• “Global Markets React to Iran Ceasefire and Oil Movements” — Reuters

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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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Iraq Economic News And Points To Ponder Wednesday Morning 4-8-26

The Minister of Finance chairs a technical meeting to implement the ASYCUDA system in Kurdistan.

Money and Business   Economy News – Baghdad   Finance Minister Taif Sami chaired an expanded meeting on Wednesday to discuss the draft agreement for implementing the ASYCUDA customs automation system in the Kurdistan Region, in implementation of the directives of the Ministerial Council for Economy in its session held on April 6, 2026.

The meeting was attended by the Director General of the Federal Customs Authority, the Director General of the Regional Customs and his assistant, the advisor to the Regional Minister of Interior, the head of the Information Technology Department there, the Director of the Legal Department at the Federal Customs Authority, in addition to a team of experts from the UNCTAD International Organization.

During the meeting, the Minister of Finance emphasized the need to adhere to the laws within the ASYCUDA system and to identify any legal conflicts between the two parties in order to harmonize them and obtain the necessary official approvals. It was also agreed to form a regional ASYCUDA team as part of the unified national team, with an emphasis on ensuring that all system requirements are met by the relevant companies in the region and that the powers and responsibilities of each party are clearly defined to guarantee smooth operation.

In order to enhance the technical aspects, Minister Sami directed that a Kurdish language interface be provided within the system and adopted for use in forms during implementation, alongside Arabic and English, to ensure ease of use.

The agreement also included launching a comprehensive training program in which the national team will train personnel operating the system in the region, thereby improving technical efficiency and standardizing customs administration procedures across all border crossings.https://www.economy-news.net/content.php?id=67658

Short-Term Treasury Bills: Immediate Liquidity At A Deferred Cost

Dr. Haitham Hamid Mutlaq Al-Mansour      Economy News – Baghdad   In Iraq's economy, which relies heavily on oil revenues for its GDP, and given the repercussions of the war shock, domestic debt instruments have become essential to ensure the continuity of public spending. Among these instruments, remittance discounting has emerged as a key financing mechanism in Iraq, used to provide rapid liquidity, but it also reveals deeper imbalances in the structure of the financial and monetary system.

Data from the Central Bank of Iraq and reports from the Iraqi Ministry of Finance indicate a continued reliance on short-term treasury bill auctions, with maturities ranging from 7 to 90 days and annual returns between 4% and 7%.

According to estimates based on International Monetary Fund reports for 2025–2026, Iraq's domestic debt is approaching 90 trillion dinars, of which treasury bills constitute between 25 and 40 trillion dinars—nearly a third of the total debt.

This substantial amount reflects the transformation of bill discounting from a temporary tool to a permanent operational financing method, particularly given monthly spending needs ranging from 4 to 6 trillion dinars to cover salaries and current expenditures. Instead of serving as a liquidity management tool, it has become an integral part of the regular budget financing cycle.

However, the real cost is evident in the banking sector. According to World Bank indicators, credit extended to the private sector in Iraq remains below 10% of GDP, a low percentage compared to other developing economies.

This is partly due to government debt accounting for between 50% and 65% of some banks' assets, creating a "credit crowding out" phenomenon and limiting financing for productive activities.

IMF analyses also indicate that directing up to 15% of bank liquidity towards government debt instruments, including treasury bills, weakens the efficiency of financial intermediation and restricts economic growth. In this context, banks tend to invest in low-risk instruments like bills rather than financing private sector projects.

On the monetary front, discounting remittances is not a direct issuance of money, but the intervention of the Central Bank of Iraq through rediscounting these instruments or supporting banks can lead to an indirect expansion in the money supply, ranging between 3% and 6% annually according to analytical estimates based on liquidity trends, which may create latent inflationary pressures.

Most concerning is the growing link between sovereign and banking risks. The more banks hold government debt, the more vulnerable they become to any deterioration in the financial situation.

IMF scenarios indicate that a drop in oil prices below $70 per barrel could force the government to expand its reliance on domestic financing, including discounting remittances, by more than 20%, thus deepening liquidity pressures and increasing the fragility of the financial system.

In conclusion, the discounting of remittances provides a clear example of the fiscal paradox in Iraq: a tool that provides short-term stability but does not lead to genuine structural reforms in the economy.

The sustainability of public finances cannot depend solely on short-term financing; it requires broader reforms that include diversifying revenue streams, strengthening the role of the private sector, and redirecting bank liquidity toward productive investment.

Given these challenges, the following question arises: Will remittance discounting remain a tool for managing liquidity in Iraq, or are there other alternative channels? Certainly, there are other debt instruments besides remittance discounting, but in reality, most of them entail one of three difficult paths:

First: Effectively reducing spending: This includes freezing hiring, cutting operating expenses, and reprioritizing within the budget. However, it does not significantly affect salaries, so its impact will be limited if the crisis continues.

Second: Managing the demand for dollars instead of creating new money: This means reducing imports, tightening controls on transfers, and limiting the operation of the currency auction window. This eases pressure on reserves but raises domestic prices.

Third: Relatively non-inflationary domestic financing, such as issuing real government bonds, absorbs liquidity from the market instead of creating new money. Its success in Iraq is limited due to the weakness of the financial market.

Without any of these tools, deducting remittances will become almost inevitable to finance salaries, because there is no quick alternative source of dinars in light of the halt in oil exports.

Therefore, the remittance discounting tool can postpone the crisis, but it will not lead to its cancellation, because the fundamental problem is the loss of rentier value as a source of the dollar itself in the first place, and it is possible that this tool will turn into an early indicator of a deeper financial crisis if an alternative to it is not possible or if the scarcity of oil revenues continues. https://www.economy-news.net/content.php?id=67653

US-Israeli War On Iran: What Is Happening On Day 40?

EXPLAINER  News   US-Israel war on Iran  -  The US and Iran agree to a two-week truce on Tuesday, just an hour before Trump’s deadline to escalate the conflict expired.

Iran says it has accepted a two-week ceasefire, with talks set to begin on Friday in Pakistan’s capital, Islamabad, after United States President Donald Trump agreed to suspend attacks on the condition that Tehran fully reopens the Strait of Hormuz.

Iran’s Minister of Foreign Affairs Abbas Araghchi said safe passage through the strategic waterway will be ensured for two weeks through coordination with the country’s armed forces.

Trump’s move followed a request from Pakistan’s Prime Minister Shehbaz Sharif, who urged Washington to extend its deadline for a deal and called on Iran to reopen the strait.

In Iran:

• US, Iran, Israel agree to last-minute ceasefire: The US, Iran and Israel agreed to a two-week truce on Tuesday, just an hour before Trump’s deadline to escalate the conflict expired. Tehran agreed to temporarily reopen the Strait of Hormuz, while the White House confirmed Israel’s participation. The breakthrough followed talks with Pakistan’s leadership, which had pushed for a ceasefire.

• Hormuz terms under ceasefire: Under the agreement, safe passage will be coordinated, with Iran and Oman allowed to charge transit fees on passing ships. Tehran plans to use the revenue for post-war reconstruction.

• Ten-point peace plan: Talks are set to begin on Friday in Islamabad, mediated by Pakistan’s prime minister. Tehran’s proposal includes lifting sanctions, creating a war-loss fund, a potential US troop withdrawal from the Gulf, and recognition of Iran’s right to enrich uranium in exchange for a pledge not to build nuclear weapons. It is unclear whether the US has agreed to any of these proposals.

• Tehran synagogue struck: The Israeli military accepted that an overnight strike – which it said was targeting a senior Iranian commander – caused “collateral damage” to a synagogue in Tehran, expressing regret over the incident.

• Tehran leaders project strength: Al Jazeera’s Mohamed Vall reported from Tehran a “feeling of pride among the leaders”, who are telling the public that “this war is ending on Iran’s terms”.

War diplomacy:

• Trump says China helped bring Iran to talks: Donald Trump told AFP he believed China played a role in pushing Iran to negotiate the two-week ceasefire. “I hear yes,” he said when asked whether Beijing was involved in bringing its ally Tehran to the table.

• NATO chief to meet Trump in Washington: Mark Rutte is set to meet Trump on Wednesday, with discussions expected to focus on the Iran situation as well as Russia’s ongoing war in Ukraine, according to a NATO official.

• Regional reactions: The ceasefire has triggered street celebrations in Tehran and Baghdad, with Iranian leaders declaring the conflict is ending “on Iran’s terms”. However, some citizens remain sceptical, warning the US and Israel may be using the pause to “buy time” and regroup.

• Israel backs truce with limits: The office of Prime Minister Benjamin Netanyahu confirmed support for the US decision to suspend strikes on Iran, but stressed the ceasefire does not extend to Lebanon.

• A fragile exit, and a narrow diplomatic window: Analyst Trita Parsi described the ceasefire as a strategic retreat by Trump, arguing the conflict had “become an absolute disaster” and forced the White House to seek a way out. “Trump needed an exit, and he took it,” he said, warning the next two weeks will be decisive, either opening a path to genuine diplomacy or allowing tensions to flare again.

• Parsi noted there is “potential” for meaningful talks, but cautioned “we’re not quite there yet,” underscoring the fragility of the moment. Even if negotiations fail, he added, a return to full-scale war is unlikely in the same form. Iran still retains key leverage, particularly its ability to disrupt the Strait of Hormuz, giving it the capacity to exert sustained pressure on both Washington and the global economy.

In the Gulf

• Gulf countries sound alarms: Gulf countries including Kuwait, Bahrain, Qatar, Saudi Arabia and the United Arab Emirates issued near-simultaneous alerts and activated air defences in the lead-up to the announcement of a ceasefire.

• Bahrain says fire contained after attack: No injuries were reported at an unnamed facility following the incident, authorities said.

• Saudi Arabia role acknowledged: The country was briefly mentioned and thanked by Australian leaders for its role as a mediator who helped facilitate the current ceasefire agreement.

• Qatar: Before the ceasefire was reached, Qatar said the war was approaching a stage where it could no longer be contained. A Foreign Ministry spokesman urged urgent de-escalation, saying, “This is why we have been urging all parties to find a resolution… before it’s too late.”

In the US

• US frames ceasefire as leverage for diplomacy: White House Press Secretary Karoline Leavitt said the military campaign was a success that achieved its goals, rejecting the idea of a retreat. She described the ceasefire as a calculated move, arguing it “created maximum leverage” for Trump to pursue tough negotiations, opening the door to a diplomatic solution and long-term peace.

• US journalist released in Iraq: Secretary of State Marco Rubio confirmed the release of American journalist Shelly Kittleson, who had been kidnapped in Iraq days earlier. Her freedom came after the armed group Kataib Hezbollah said it would release her on the condition she leave the country immediately.

• Scrutiny over ‘perfectly timed’ bets: An online prediction platform, Polymarket, is facing questions over possible insider trading after an anonymous user reportedly made $400,000 by accurately betting on the start of US military action and the timing of the ceasefire — raising concerns about leaks tied to geopolitical decisions.

In Israel

•  Israel backs ceasefire, but not in Lebanon: Israel said on Wednesday it supported the two-week ceasefire with Iran but maintained the deal “does not include Lebanon”, where it has been fighting Iran-backed group Hezbollah.

• Reluctance over ceasefire: Al Jazeera’s Rob McBride reported that Prime Minister Netanyahu is “widely suspected of having derailed the last round of talks” brokered by Oman and remains “very wary of the word ‘ceasefire’.”

• Five people injured in Israel: Israel’s emergency services said five people in northern Israel were injured following missiles from Iran and rockets from Lebanon.

• Israel warns Lebanon ships: The Israeli military urged all vessels in the maritime zone off the coast of southern Lebanon to immediately head north of the city of Tyre, warning that it would operate in the area.

In Iraq and Lebanon

• Strikes continue in Lebanon: Israeli operations have persisted. An air raid reportedly struck an ambulance in Qlaileh, near Tyre, while shelling was also reported in Baraachit in southern Lebanon. Lebanese health officials say medics and rescue crews are being repeatedly targeted.

• Hezbollah signals defiance: The Lebanese group Hezbollah has not directly commented on the ceasefire, but shared a past statement by the late Iranian supreme leader, Ayatollah Ali Khamenei, alongside imagery of torn US and Israeli flags, warning: “We will make the enemy kneel.”

• Iran-aligned groups pause operations in Iraq: The Islamic Resistance in Iraq said it will observe the truce, suspending military operations in Iraq and across the region for two weeks.

• Deadly strikes in Iraq before ceasefire took hold: The truce followed a final surge in violence, with Iraqi officials reporting that strikes late on Tuesday killed at least seven people, including two children.

Global economy

• Oil drops below $100:Crude prices fell on Wednesday after Trump announced a two-week ceasefire with Iran, easing fears of supply disruptions.

• Caution despite ceasefire relief: Alex Holmes of the Economist Intelligence Unit said the ceasefire remains uncertain, with markets in “wait-and-see mode” as a “big gap” remains in negotiations. While oil prices fell after the announcement, he noted they are still significantly higher than in late February.

https://www.aljazeera.com/news/2026/4/8/iran-war-what-is-happening-on-day-40-of-us-israeli-attacks

Seeds of Wisdom RV and Economics Updates Tuesday Evening 4-7-26

Good Evening Dinar Recaps,

Markets Brace for Conflict | Dollar Strength and War Risk Reshape Global Capital Flows

Currency dominance and investor behavior shift under geopolitical pressure

Overview

Global financial markets are entering a critical inflection point, as escalating tensions between the U.S. and Iran drive capital flight, currency shifts, and rising volatility.

The U.S. dollar remains near recent highs, while equities weaken and commodities surge, signaling a reallocation of global capital under stress conditions.

Key Developments

1. Dollar Holds Strong Despite Rising Risk

The U.S. dollar remains near its highest levels since mid-2025, reflecting safe-haven demand amid geopolitical uncertainty.

2. Stocks Decline as War Risk Increases

Equity markets are under pressure, with U.S. futures falling and global stocks weakening as investors brace for potential escalation in the Middle East conflict.

3. Capital Rotates Into Commodities and Energy

Oil prices continue climbing, while sectors sensitive to energy costs—such as airlines—face growing downside pressure, highlighting sector-level financial stress.

4. Mega Capital Events Signal Structural Shifts

Amid the turmoil, major developments like SpaceX preparing for a potential $2 trillion IPO reflect continued capital concentration in strategic industries, even as broader markets weaken.

Why It Matters

This environment reflects a classic risk-off cycle, where capital flows toward perceived safety (dollar, commodities) and away from growth-sensitive assets.

However, prolonged reliance on the dollar during crises may ultimately accelerate diversification efforts globally, especially among emerging markets.

Why It Matters to Foreign Currency Holders

• Strong dollar can create short-term pressure on other currencies

• Volatility increases risk across emerging market assets

• Commodity-linked currencies may gain relative strength

• Long-term trend may still favor de-dollarization strategies

Implications for the Global Reset

• Pillar 1: Currency System Tension

While the dollar remains dominant in crisis, repeated geopolitical use of financial power may push nations to develop alternatives.

• Pillar 2: Capital Flow Realignment

Global capital is increasingly moving based on geopolitical alignment and resource access, not just economic fundamentals.

Analysis

The current market reaction highlights a key contradiction:

• The dollar strengthens in crisis

• But each crisis also motivates long-term diversification away from it

This dual dynamic is central to the evolving global system.

If geopolitical tensions persist, the financial world may gradually shift toward a multi-polar currency framework, where no single system dominates completely.

This is not just market volatility — it’s capital repositioning for a new financial order.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• “5 Things to Know Before the Stock Market Opens” — Investopedia

• “Global Markets React to Iran Tensions” — Reuters

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Tuesday Evening 4-7-26

Is The World Facing A Maritime Chokepoint? The Risks Of Closing The Strait Of Hormuz And The Bab El-Mandeb Strait Threaten Global Energy And Trade

Tuesday, April 7, 2026   Gulf States - One News  International warnings are mounting about the potential repercussions of closing two of the world's most strategic maritime passages, the Strait of Hormuz and the Bab el-Mandeb Strait, amid rising tensions in the region.

 The Strait of Hormuz is the main artery for Gulf oil exports to global markets, through which a large part of international energy supplies pass, making any disruption to it a direct threat to the global economy, as it immediately leads to higher oil prices and increased economic pressure on consuming countries.

In contrast, the Bab el-Mandeb Strait forms a vital link between the Red Sea and the Indian Ocean, and is a key passage for global trade towards the Suez Canal, meaning that its disruption will directly affect shipping between Asia and Europe.

According to reports, including one carried by Reuters, there are warnings of a possible escalation to include Bab al-Mandab, amid indications that the Houthi group may play a role in disrupting navigation to the south. 

Some global shipping companies have already begun changing the routes of their ships to avoid risks, which threatens higher transportation costs and delays in supply chains, especially with regard to food and basic commodities. 

Observers believe that closing both straits together could lead to an unprecedented maritime bottleneck, threatening global supply chains and causing a widespread wave of inflation as a result of rising energy and shipping prices. 

If the situation worsens, this escalation could lead to international military intervention to protect shipping lanes, opening the door to a new phase of tensions that could extend beyond the region. 

The question remains: Is the world heading towards a full-blown maritime crisis, or will international efforts succeed in containing the escalation before reaching this stage?  https://1news-iq.net/هل-يواجه-العالم-اختناقاً-بحرياً؟-مخاط/

PSM’s Al-Sadr still rejects Al-Maliki comeback as Iraqi PM, aide says

2026-04-07 Shafaq News- Baghdad   Patriotic Shiite Movement (PSM) leader Muqtada Al-Sadr has not signaled support for nominating State of Law Coalition head Nouri Al-Maliki as prime minister, Al-Sadr’s aide Salah Al-Obaidi told Shafaq News on Tuesday. 

Al-Obaidi said statements circulating on social media claiming Al-Sadr could back Al-Maliki if Shiite factions reached consensus were fabricated and published through a “suspicious” account. 

The Shiite Coordination Framework, parliament’s largest bloc, formally nominated Al-Maliki in January, but government formation has stalled amid disputes over electing a president, the constitutional step required before naming a premier. Parliament has scheduled April 11 for a session to elect a president, though similar timelines have often slipped during prolonged negotiations.

 In November 2025, the PSM opposed Al-Maliki’s nomination, with a senior official telling Shafaq News on condition of anonymity that it represented “a continuation of failure and corruption,” warning the movement could take action if efforts to return him to power proceed.  https://shafaq.com/en/Iraq/PSM-s-Al-Sadr-still-rejects-Al-Maliki-comeback-as-Iraqi-PM-aide-says

Read more: Iraq’s next Prime Minister held hostage by US-Iran standoff

Muzhir Muhammad Salih: The Informal Economy Hides 67% Of The Market In Iraq.

{Economic: Al-Furat News} Mazhar Muhammad Saleh confirmed today, Monday, that the informal economy in Baghdad and the rest of Iraq’s cities represents a source of livelihood for millions of citizens, but at the same time it hides 67% of the market economy, deprives the state of important resources, and leaves those working in it without legal protection. 

Saleh explained in his interview with Al-Furat News Agency that "this economic, social and legal paradox cannot be addressed through imposing taxes or prosecution, but rather through simplifying the procedures adopted by the government program, such as registration, reducing fees, and providing real incentives such as loans and insurance." 

He pointed out that "the adoption of electronic payment through digital payment applications, with its current resurgence, can enhance transparency and facilitate the integration of this sector into the regulated market economy." 

He explained that "when the formal economy becomes more accessible and beneficial, the informal market will become a supporting force for the economy instead of remaining outside the organized market and the legal framework that protects market activity, including the social protection system and the workers' pension fund." 

He added that "the entire informal economy can then be transformed into a supporting force for the economy, based on governance and transparency, instead of remaining outside the legal framework and social protection." 

https://alforatnews.iq/news/مظهر-محمد-صالح-الاقتصاد-غير-الرسمي-يخفي-67-من-السوق-في-العراق

Iran war live: Trump suspends US attacks, Tehran agrees to 2-week ceasefire

Al Jazeera Live  By Lyndal Rowlands, Ted Regencia, Chris Hamill-Stewart and Ali Harb

Published On 7 Apr 20267 Apr 2026

Iran says it has accepted a two-week ceasefire, with negotiations to begin on Friday in Pakistan’s Islamabad, after US President Donald Trump said he would suspend attacks subject to Tehran agreeing to fully reopen the Strait of Hormuz.

Iran’s foreign minister says safe passage through the key waterway will be possible for a period of two weeks via coordination with Iranian armed forces.

Trump’s statement came after Pakistan’s Prime Minister Shehbaz Sharif asked the US president to extend a deadline for a deal and Iran to fully open the Strait of Hormuz. https://www.aljazeera.com/news/liveblog/2026/4/7/iran-war-live-trump-warns-of-devastating-attacks-as-deal-deadline-nears

 ‘A Lot Of Movement’: Trump Moves From War Of Obliteration To Ceasefire With Iran

By Mike Hanna  Reporting from Washington, DC, United States Let’s start with President Trump’s first message – on social media – of the day in which he said the “whole civilisation will die tonight and never to be brought back again”.

Now, we’ve got the president putting out on his social media that a two-week ceasefire has been agreed to. Not just a ceasefire but a period in which the remaining differences between the US and Iran can be ironed out, leading to a long-term and lasting resolution of the disputes between the two nations.

This is a lot of movement in one particular day.

The White House has formally declared a lid, which means there will be no more formal statements from the White House in the course of the evening. That does not obviate the possibility of more social media coming out from President Trump.

But clearly this is a deeply significant outcome given the fact that this was the time at which President Trump had vowed to obliterate Iran if they did not agree to the US proposals for negotiation.

What has in fact happened, from the president’s social media posting, is that the US has agreed to Iran’s 10-point proposal, which was communicated to the US by Pakistani mediators.

These 10 points are very significant, carrying with them that this is not a temporary ceasefire. Iran would not agree to a temporary ceasefire but it wanted negotiations leading to a lasting, longstanding end to hostilities between the US and Iran.    https://www.aljazeera.com/news/liveblog/2026/4/7/iran-war-live-trump-warns-of-devastating-attacks-as-deal-deadline-nears

.Mr. Al-Hakim: The Stage Is Critical And The Blocs Must Hasten To End The Political Deadlock.

Time: 2026/04/07 22:34:18   Political: Al-Furat News} The head of the National State Forces Alliance, Mr. Ammar Al-Hakim, stressed the need to expedite the end of the political deadlock in Iraq.

A statement from his office, a copy of which was received by Al-Furat News, indicated that Mr. Hakim, during his meeting with Muthanna al-Samarrai, head of the Azm Alliance, emphasized that the current phase is critical and requires a fully empowered government to confront all challenges. He stressed that political blocs must shoulder their responsibilities in expediting the end of the political deadlock.

On the regional level, Mr. Hakim reiterated his call for an end to the war against the Islamic Republic of Iran, stating that escalation is widening the scope of the conflict and consequently increasing the damage inflicted on the region and the world.  LINK

Parliamentarian: No Kurdish Agreement On A Candidate; Saturday's Session Will Be Held To Elect The President.

{Politics:Al-Furat News} The head of the Al-Asas bloc, Alaa Al-Haidari, confirmed that there is no Kurdish agreement on a candidate for the presidency, suggesting that a session will be held next Saturday amidst differing scenarios between a decision or postponement.

Al-Haidari said during his appearance on the “Point” program on Al-Furat satellite channel that: “The political deadlock has been prolonged and has entered a stage of constitutional vacuum as a result of the continued dispute between the two Kurdish parties,” indicating that “the lack of agreement may lead either to breaking the political will and proceeding with the election of the President of the Republic or to the failure to hold the session due to the lack of a quorum.”

He pointed out that "the Democratic Party expressed reservations about holding the session in light of the security situation in the region, with threats to withdraw from the political process if it proceeds."

Al-Haidari added that "regional conditions are casting a shadow on the internal scene," noting that "Iraq is directly affected by the developments of the war in the region, with losses being recorded among the security forces and the Popular Mobilization Forces."

He added that "the government has affirmed its right to self-defense, as security and economic challenges increase, particularly those related to the energy sector and the targeting of vital facilities."

Al-Haidari concluded that "the political scene is still open to multiple possibilities, given the continued disagreements within the political forces regarding the next stage and the formation of the government."   LINK

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 4-7-26

Good Afternoon Dinar Recaps,

Oil Shock Escalates | Strait of Hormuz Crisis Sends Markets Toward Stagflation Risk

Energy spike and war tensions ignite fears of a global economic shift

Overview

Global markets are on edge as oil prices surge above $110 per barrel, driven by escalating tensions between the U.S. and Iran over the Strait of Hormuz. The situation has triggered renewed fears of a global energy crisis, with institutions warning of inflation, slowing growth, and systemic financial stress.

The combination of geopolitical conflict and supply disruption is now pushing the global economy toward a potential stagflation scenario, a key catalyst often associated with major monetary system shifts.

Key Developments

1. Oil Prices Surge Amid War Escalation

Crude oil climbed back above $110–$114 per barrel, as the U.S. issued an ultimatum to Iran to reopen the Strait of Hormuz. Markets are reacting to the risk of prolonged supply disruption in a critical global energy corridor.

2. Global Growth and Inflation Warnings Intensify

The IMF and energy agencies warn the crisis could trigger higher inflation and weaker global growth simultaneously, raising the specter of stagflation across major economies.

3. Market Volatility Spreads Across Assets

Global equities are unstable, with stocks falling, oil rising, and investor confidence weakening. Currency markets show continued dollar strength, while safe-haven demand remains elevated.

4. Energy Crisis Compared to Historic Shocks

The International Energy Agency warned this situation could be more severe than the oil crises of 1973, 1979, and 2022 combined, highlighting the scale of systemic risk building in energy markets.

Why It Matters

This is not just a short-term oil spike—it signals a structural vulnerability in global energy dependence.

When energy prices surge alongside geopolitical instability, the result is often persistent inflation and economic slowdown, a combination that historically forces central banks into difficult policy decisions.

Why It Matters to Foreign Currency Holders

• Rising oil prices increase global inflation pressure

• Strengthening dollar may be temporary amid long-term instability

• Energy-importing nations face currency depreciation risks

• Commodities and hard assets gain renewed monetary importance

Implications for the Global Reset

• Pillar 1: Inflation & Monetary Policy Stress

Sustained energy shocks could force central banks to choose between controlling inflation and supporting growth, accelerating monetary system strain.

• Pillar 2: Energy-Driven Power Shift

Control over energy supply routes becomes a dominant factor in global financial influence, reinforcing a shift toward resource-backed economic power.

Analysis

The Strait of Hormuz crisis is exposing a critical reality: global finance remains deeply tied to physical energy flows.

If disruptions persist, the world could enter a period of prolonged volatility, where inflation, geopolitical risk, and market instability reinforce one another.

This environment historically leads to major structural changes in monetary systems, especially when confidence in stability begins to erode.

This is not just an oil shock — it’s a pressure point for the entire financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• “Oil Back Above $110 as Trump Deadline Looms” — The Guardian

• “Morning Bid: Markets on Edge Amid Iran Tensions” — Reuters

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Tuesday Afternoon 4-7-26

Data: Iraq Did Not Buy Gold In 2026

Money and Business   Economy News – Baghdad   The latest official global gold reserves data for April 2026 shows that Iraq has not recorded any gold purchases since the beginning of 2026, while maintaining its position in the global ranking.   Iraq ranked 28th globally and third in the Arab world during the first three months of this year, according to data seen by Shafaq News.

According to the data, Iraq’s gold reserves amounted to 174.6 tons, which constitutes 28.1% of the country’s total foreign currency reserves.

Globally, the United States topped the list with a reserve of 8,133 tons, followed by Germany with 3,350 tons, then Italy with 2,451 tons, France came in fourth with 2,437 tons, while Russia came in fifth with a reserve of 2,311 tons.

The report continued that Iraq purchased several quantities of gold during 2025, including one ton in March, 1.6 tons in June, 3.1 tons in July, 2.5 tons in August, and 3.8 tons in October.

It is worth noting that the World Gold Council, based in the United Kingdom, is one of the leading bodies specializing in analyzing global gold market trends and the factors affecting its prices. https://www.economy-news.net/content.php?id=67609

2025 Statistics: Iraq Ranks Second In The Arab World In Terms Of Reliance On "Cash"

Money and Business   Economy News – Baghdad   Iraq continues to rely heavily on cash payments for daily transactions as of 2025, ranking high among Arab countries according to forex.se.

Iraq’s reliance on cash, at a rate of up to 85%, reflects the slow pace of the shift towards electronic payments compared to some countries in the region, according to the Swedish website specializing in currency exchange and travel services.

According to the website's data, Lebanon tops the list with 90%, followed by Iraq with 85%, then Egypt and Jordan with 80% each, Morocco with 65%, Tunisia with 55%, Oman with 50%, while Kuwait and Saudi Arabia have 30%, Qatar has 25%, and finally Bahrain and the UAE have 20% each.https://www.economy-news.net/content.php?id=67610

Transportation: The Submerged Tunnel At The Grand Faw Port Will Be Inaugurated Soon.

Money and Business   Economy News – Baghdad   The Ministry of Transport announced that it will inaugurate, in the near future, the submerged tunnel within the Grand Faw Port projects, to be the most important international trade corridor between the continents of Asia and Europe.

The director of the ministry’s media office, Maitham Al-Safi, told Al-Sabah, as reported by Al-Eqtisad News: “Work on the submerged tunnel has reached its final stages, as it is currently being furnished and prepared for cladding. He pointed out that the tunnel will form the most important passage for international trade between the continents of Asia and Europe, which enhances the position of Al-Faw port as one of the most important commercial ports in the region.”

He added that the tunnel is one of the giant engineering projects that will greatly contribute to accelerating maritime transport and increasing the port’s capacity to accommodate huge commercial ships, in addition to its contribution to stimulating trade between Iraq and the countries of the world, and enhancing its ability to interact commercially with international markets, as well as providing thousands of job opportunities in various fields of construction and logistics.

Al-Safi explained in the same context that the government has shown full support for the completion of this phase of the Grand Faw Port project, as it seeks, through the aforementioned projects, similar to the submerged tunnel, to transform Faw Port into a global trade center linking the markets of the Middle East with Europe, which will contribute to strengthening Iraq’s economic position on the international stage. https://www.economy-news.net/content.php?id=67600

Gold Prices Rise In Baghdad, Hold Steady In Erbil Markets

2026-04-07 Shafaq News- Baghdad/ Erbil    On Tuesday, gold prices hovered around 1.03 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 1,025,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,021,000 IQD. The same gold had sold for 1,020,000 IQD on Monday.

The selling price for 21-carat Iraqi gold stood at 995,000 IQD, with a buying price of 991,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,025,000 and 1,035,000 IQD, while Iraqi gold sold for between 995,000 and 1,005,000 IQD.

In Erbil, 22-carat gold was sold at 1,069,000 IQD per mithqal, 21-carat gold at 1,021,000 IQD, and 18-carat gold at 875,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-hold-steady-in-Erbil-markets-0

Iraq Gold Reserves Hold At ~175t, No 2026 Buying

2026-04-07 Shafaq News- Baghdad   Iraq’s gold reserves stood at 174.6 tons with no recorded purchases so far in 2026, according to World Gold Council data.

The figures place Iraq 28th globally and third among Arab countries, while the United States leads with 8,133 tons, followed by Germany, Italy, France, and Russia.

Iraq expanded its reserves in 2025 through multiple purchases, while World Gold Council data, based on central bank and International Monetary Fund (IMF) figures, is typically reported with a delay.

https://www.shafaq.com/en/Economy/Iraq-gold-reserves-hold-at-175t-no-2026-buying

Iraq Holds Second Place In Arab World For Cash Payments In 2025

2026-04-07 Shafaq News- Baghdad   Iraq ranked second among Arab countries in reliance on cash payments in 2025, with 85% of daily transactions conducted in cash, according to data published by the Swedish platform Forex.se.

Lebanon topped the list at 90%, while Egypt and Jordan each recorded 80%, Morocco 65%, Tunisia 55%, and Oman 50%. Kuwait and Saudi Arabia each registered 30%, Qatar 25%, and Bahrain and the United Arab Emirates 20% each.

https://www.shafaq.com/en/Economy/Iraq-holds-second-place-in-Arab-world-for-cash-payments-in-2025

USD/IQD Exchange Rates Steady In Baghdad, Drop In Erbil

2026-04-07   Shafaq News- Baghdad/ Erbil  The US dollar opened Tuesday’s trading mixed 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 154,600 dinars per 100 dollars, unchanged from Monday.

In the Iraqi capital, exchange shops sold the dollar at 155,000 dinars and bought it at 154,000 dinars, while in Erbil, selling prices stood at 154,550 dinars and buying prices at 154,450 dinars.

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

Basrah Crudes Hit Highest Levels Since 2022 Amid Global Rally

2026-04-07 Shafaq News- Basrah   Iraq’s Basrah crude surged more than 13% on Tuesday, reaching its highest level since 2022, when prices stood near $122 per barrel.

Basrah Heavy rose $14.96, or 13.83%, to $123.11 per barrel, while Basrah Medium increased by the same margin, or 13.57%, to $125.21 per barrel.

Brent crude futures climbed $1.74, or 1.6%, to $111.51 per barrel by 0530 GMT. US West Texas Intermediate advanced $3.45, or 3.1%, to $115.86. https://www.shafaq.com/en/Economy/Basrah-crudes-hit-highest-levels-since-2022-amid-global-rally

Seeds of Wisdom RV and Economics Updates Tuesday Morning 4-7-26

Good Morning Dinar Recaps,

BRICS Gold Surge | Petrodollar Cracks as Bloc Secures 17.4% of Global Reserves

A historic shift toward hard assets signals accelerating de-dollarization

Overview

BRICS nations have crossed a major monetary milestone, now holding over 6,000 tonnes of gold, representing 17.4% of total global central bank reserves—a sharp rise from 11.2% in 2019. This surge comes amid record central bank gold buying, with 1,045 tonnes purchased in 2024 alone, marking the third consecutive year above 1,000 tonnes.

The trend reflects a structural shift away from dollar dominance, as nations increasingly prioritize gold as a neutral reserve asset in response to geopolitical tensions, sanctions, and financial system risks.

Key Developments

1. Russia and China Dominate BRICS Gold Holdings

Russia (2,335+ tonnes) and China (~2,298 tonnes) lead the bloc, with India adding nearly 880 tonnes. Together, Russia and China account for roughly 74% of BRICS gold reserves, reinforcing their central role in shaping the bloc’s monetary strategy.

In just the first nine months of 2025, BRICS nations acquired 663 tonnes (~$91 billion), signaling aggressive accumulation at scale.

2. Central Banks Drive Historic Gold Buying Trend

Global central banks have now purchased over 1,000 tonnes annually for three straight years, reflecting rising demand for inflation hedging and crisis protection.

BRICS nations also control ~50% of global gold production, tightening supply and strengthening their long-term leverage in commodities and reserves.

3. Dollar Dominance Faces Accelerating Pressure

The U.S. dollar’s share of global reserves has fallen to 57.8%, with further declines observed into 2025. A key turning point came after the freezing of $300 billion in Russian reserves in 2022, prompting many nations to reassess reliance on the dollar-based system.

Countries are now actively pursuing reserve diversification strategies, reducing exposure to what is increasingly viewed as a politically influenced financial system.

4. BRICS Launches Gold-Backed Settlement System

In November 2025, BRICS introduced “The Unit”, a digital trade settlement instrument backed 40% by gold and 60% by BRICS currencies. This marks a direct challenge to dollar-based trade settlement, especially in energy markets.

Notably, Saudi Arabia is already settling ~12% of oil trades in yuan, signaling cracks in the petrodollar foundation.

Why It Matters

This shift represents more than diversification—it signals a fundamental rebalancing of global monetary power.

As BRICS nations accumulate gold and develop alternative settlement systems, the traditional dollar-centric model faces increasing competition. Gold’s role as a neutral, apolitical reserve asset is being re-established at the highest levels of global finance.

Why It Matters to Foreign Currency Holders

• Growing gold reserves strengthen currencies tied to hard assets

• Declining dollar share may lead to increased volatility in fiat currencies

• Expansion of non-dollar trade systems reduces global dollar demand

• Investors may shift toward tangible assets and commodities for stability

Implications for the Global Reset

• Pillar 1: Monetary System Transition

The rapid accumulation of gold signals a move toward a multi-asset reserve system, where gold regains prominence alongside currencies. This reduces reliance on any single fiat system.

• Pillar 2: Trade & Settlement Realignment

With the introduction of gold-backed settlement tools, BRICS is building the infrastructure for a parallel financial system, potentially bypassing traditional Western-controlled networks.

Analysis

The scale and consistency of BRICS gold accumulation point to a long-term strategic shift, not a temporary hedge. By combining resource control, reserve diversification, and new settlement mechanisms, the bloc is positioning itself for greater influence in a post-dollar world.

However, the transition is unlikely to be immediate. The dollar still dominates global trade and finance, but its monopoly is weakening at the margins.

If current trends continue, the global system may evolve into a hybrid model, where gold, regional currencies, and digital settlement tools coexist—gradually reshaping how value is stored and exchanged worldwide.

This is not just markets — it’s the foundation of a new monetary era taking shape.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• “BRICS Boosts Gold as Petrodollar Cracks, Holds 17.4% of Global Reserves” — Watcher.Guru

• “Gold Demand Trends & Central Bank Buying Data” — World Gold Council

~~~~~~~~~~

A Message to Our Currency Holders

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

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

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

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

That is not your failure.

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

Instead, we focus on:

• Verifiable developments • Institutional evidence

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

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

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

Protect your identity. Organize your documents.    Verify everything.

Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News™

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Tuesday Morning 4-7-26

Muzhir Muhammad Salih: The Informal Economy Hides 67% Of The Market In Iraq.

Time: 2026/04/06 {Economic: Al-Furat News} Mazhar Muhammad Saleh confirmed today, Monday, that the informal economy in Baghdad and the rest of Iraq’s cities represents a source of livelihood for millions of citizens, but at the same time it hides 67% of the market economy, deprives the state of important resources, and leaves those working in it without legal protection.

Saleh explained in his interview with Al-Furat News Agency that "this economic, social and legal paradox cannot be addressed through imposing taxes or prosecution, but rather through simplifying the procedures adopted by the government program, such as registration, reducing fees, and providing real incentives such as loans and insurance." 

He pointed out that "the adoption of electronic payment through digital payment applications, with its current resurgence, can enhance transparency and facilitate the integration of this sector into the regulated market economy." 

He explained that "when the formal economy becomes more accessible and beneficial, the informal market will become a supporting force for the economy instead of remaining outside the organized market and the legal framework that protects market activity, including the social protection system and the workers' pension fund." 

He added that "the entire informal economy can then be transformed into a supporting force for the economy, based on governance and transparency, instead of remaining outside the legal framework and social protection." 

https://alforatnews.iq/news/مظهر-محمد-صالح-الاقتصاد-غير-الرسمي-يخفي-67-من-السوق-في-العراق

Expert Warns: The Informal Economy Is Expanding Beyond State Control

Time: 2026/04/06 {Economic: Al-Furat News} Economic expert, Salah Nouri, confirmed that the informal economy in Iraq represents a wide segment of activities that operate outside the control and management of the state. 

Nouri told Al-Furat News Agency that: “The informal economy includes workshops, small projects, shops, and street vendors, and is often not registered with official authorities and is not subject to the tax system.”

He explained that "Western countries adopt high regulatory systems for professions and small projects, where licenses are granted easily and without bureaucratic complications, in exchange for subjecting these activities to taxes and including workers in them in social security systems, which enhances the stability of this sector and its integration into the formal economy."

Nouri added that "the responsibility for regulating this sector in Iraq lies with the Ministry of Labor and Social Affairs in coordination with the Ministry of Trade through granting licenses and activating social security in exchange for tax compliance," noting that "the recent Ministry of Labor law included encouraging benefits, including voluntary social security."

He explained that "the weak demand for these privileges is due to the limited awareness among small business owners and shops, as well as the weak conviction in the feasibility of engaging in the formal economy."

Nouri pointed to the "possibility of supporting this sector by promoting small and medium enterprises," explaining that "the Central Bank of Iraq has previously launched financing initiatives to support these projects through loans based on economic feasibility studies and in coordination with specialized civil society organizations, which contributes to stimulating the economy and reducing the size of the informal sector." https://alforatnews.iq/news/خبير-يحذر-الاقتصاد-غير-الرسمي-يتمدد-خارج-سيطرة-الدولة

An Economist Proposes Practical Solutions For Transitioning From An Oil-Based Economy To A Diversified One

Baghdad Today – Baghdad   On Monday, April 6, 2026, economist Dhurgham Muhammad presented a number of solutions to change the pattern of the Iraqi economy, which is largely based on oil exports as a main source of revenue, calling for a shift towards a diversified economy capable of facing shocks, especially in the energy market and the disturbances that directly affect the state’s general budget.

Mohammed told Baghdad Today, “The main problem in Iraq is that every government operates according to a vision that extends for only four years, i.e., the duration of its term, without any continuity or unified programs between successive governments, as each government sets its own program, and the programs of the previous government are often canceled or marginalized.”

He added that "the large expansion in operational spending has narrowed the space for investment spending, which has negatively affected the activation of investment and development sectors, which requires rearranging economic priorities."

He pointed out that “Iraq is in dire need of establishing a Supreme Council for Strategic Policies, whose mission would be to develop economic reform programs and long-term development plans that extend over several years, provided that this council transcends governments and is not linked to a specific governmental formation, and is subject to judicial supervision that gives it the status of being binding on all successive governments.”

Mohammed added that "it is necessary to reconsider all development sectors and work to move them forward by preparing specialized programs, whether relying on local or international expertise, to revitalize sectors not directly related to the government, including the tourism, agricultural and industrial sectors."

He explained that "among the proposed solutions is the establishment of green investment zones similar to free zones, whose lands are serviced and ready to receive agricultural, industrial and residential investment opportunities, with the adoption of the one-stop shop principle, which contributes to reducing government bureaucracy and creating an attractive environment for investment and revitalizing the Iraqi economy."  https://baghdadtoday.news/296663-.html

Exclusive: Iraq Could Restore Oil Exports To Pre-War Level Within A Week If Hormuz Reopens, Basra Oil Chief Says

By Aref Mohammed   April 6, 2026   BASRA, Iraq, April 6 - Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens, the head of the ‌country’s state-run Basra Oil Company said. 

Among Gulf oil producers, Iraq has suffered the biggest drop in oil revenue as a result of the effective closure of the Strait, a Reuters analysis has found, because it lacks alternative shipment routes. 

But the country, the second biggest producer in the Organization of the Petroleum Exporting Countries, can quickly restore output to levels before U.S.-Israeli attacks on Iran at the end of February led to the effective closure of the waterway. The Strait typically is the route for about a fifth of global oil and LNG flows. 

Bassem Abdul Karim said Iran ⁠has so far provided only verbal guarantees that would allow Iraqi tankers permission to transit the Strait. 

“We have not received any formal documents regarding permission for Iraqi tankers to pass,” he said in an interview with Reuters. He said production from Iraq's southern oilfields was around 900,000 barrels per day, but if the war ends and safe passage through the Strait is guaranteed exports could reach 3.4 million bpd within a week. 

U.S. President Donald Trump has threatened to rain "xxxx" on Tehran unless it makes a deal by the end of Tuesday that would allow traffic to move through the Strait of Hormuz. 

Last month, Iraq’s oil production dropped by about 80% to around 800,000 barrels per day, Iraqi energy officials told Reuters last month as the war meant Iraq could not export and storage tanks filled. 

With limited outlets for Iraqi oil, production from the Rumaila field fell to around 400,000 bpd, down from about 1.35 million bpd before the conflict, and at the Zubair field the ‌level was ⁠about 300,000 bpd, down 340,000 bpd before the war, Abdul Karim said.

Several smaller fields are being operated at limited levels to ensure continued production of associated gas, used in domestic power generation, while shutdowns at other sites have been used as an opportunity to carry out maintenance work, he added. 

Production from Iraq's fields was around 4.3 million bpd before the war, which should leave enough leeway to export 3.4 million bpd even allowing for war-related damage. 

Gas output from fields in Basra has dropped to around 700 million standard cubic feet per ⁠day, compared with about 1.1 billion standard cubic feet mscf per day before the war, largely because of the reduced oil production, Abdul Karim said. 

To supply domestic demand, BOC is sending around 400,000 bpd of crude to northern Iraq. That includes about 150,000 bpd by truck and roughly 250,000 bpd via a domestic pipeline, to supply refineries that have ⁠demand of around 500,000 bpd. 

Production from the northern Kirkuk fields is roughly 380,000 barrels per day, Abdul Karim said. 

Asked about the impact of drone attacks, Abdul Karim said strikes on oil facilities had caused “major losses to the continuity of production and oil operations,” adding that both foreign and Iraqi service companies had been targeted. 

A two‑drone ⁠attack that targeted the Rumaila oilfield on Saturday wounded three Iraqi workers, security and energy sources told Reuters. 

Abdul Karim said the attack on the northern part of the Rumaila field hit sites used by U.S. oilfield services companies Schlumberger and Baker Hughes, causing a fire that was later brought under control. 

Neither Schlumberger nor Baker Hughes immediately responded to requests for comment.

https://www.reuters.com/business/energy/iraq-could-restore-oil-exports-pre-war-level-within-week-if-hormuz-reopens-basra-2026-04-06/

A Representative Of The Framework: The Session To Elect The President Will Proceed Without Postponement, And Salaries Are Secured For Two Months

Time: 2026/04/05    {Politics: Al-Furat News} MP Ahmed Al-Moussawi, from the Sadiqun bloc, confirmed that the session to elect the President of the Republic scheduled for next Saturday will proceed without postponement, while noting that salaries are secured for two months despite the financial challenges.

Al-Moussawi said, during his appearance on the “On the Ruler” program on Al-Furat satellite channel, that “the session to elect the President of the Republic next Saturday will definitely proceed and there will be no postponement,” indicating that “all factors point to the failure of the United States in its war on Iran.”

He added, "The cost of war is high for the Islamic Republic and the entire region; but it is a war that was imposed and must be fought," noting that "the United States does not respect the sovereignty of Iraq, and the Iraqi government is working with all its capabilities to prevent the targeting of diplomatic missions."

Al-Moussawi explained that "the United States, according to the strategic agreement, is obligated to protect Iraq's airspace; however, it violates sovereignty and targets security headquarters," noting that "the Iraqi government is in a very embarrassing position, as it wants to support the Islamic Republic."

He explained that “linking the Iraqi file and the formation of the government to the war on Iran is an unjustified position, and there must be a fully empowered government. What is happening in the region is a clear war, but it is an internal matter,” stressing that “Iraq must be its own master and the decision-maker.”

Al-Moussawi pointed out that “April 11 is the date of the session to elect the President of the Republic, and the quorum will be achieved according to the signatures of the deputies that were collected, which amounted to 230 signatures, with the possibility of the Democratic Party deputies not attending,” noting that “most of the forces of the framework are going to vote in favor of the Patriotic Union candidate.”

Regarding the premiership, Al-Moussawi said, “The coordination framework is not with Nouri al-Maliki or Mohammed Shia al-Sudani, but rather it has established mechanisms for selecting candidates based on national acceptance, non-controversial nature, and acceptance by the religious authority and the international community.

” He emphasized, “Our position is firm with the framework’s decision to proceed with voting on the prime minister candidate, regardless of whether or not we participate in the government.”

He added that "Iraq cannot afford to remain without a fully empowered government," explaining that "Sheikh Khazali did not attend the recent framework meetings due to security concerns."

Al-Moussawi concluded by saying that "the financial situation in Iraq is not easy, as it depends on oil, and there is a real crisis after the delay in oil exports for two weeks, and this requires decisions and powers," noting that "the government has reassured that salaries can be secured for two months, but amid difficulty in completing them and delivering them to employees."   Wafaa Al-Fatlawi https://alforatnews.iq/news/