Iraq Economic News And Points To Ponder Saturday Afternoon 4-11-26

Iraq Government Formation: The Constitution that cannot enforce its own deadlines

2026-04-09 Shafaq News   Iraq's parliament is 70 days past the constitutional deadline to elect a president, with a new session set for April 11, and whether it produces a result or another postponement, the constitution offers no answer for what happens if it does not.  This is not an anomaly. It is the operating logic of post-2003 Iraqi governance.

Since the fall of Saddam Hussein, Iraq has formed ten governments, none on schedule. The shortest delay —the 2014 government of Haider al-Abadi— took 131 days, compressed by international pressure and the existential emergency of ISIS's advance on Baghdad.

 The longest, the 2022 government of Mohammed Shia al-Sudani, required 382 days, passing through armed clashes, the storming of the heavily fortified Green Zone, which houses diplomatic buildings, and the wholesale withdrawal of Muqtada al-Sadr’s movement bloc (The Sadrist) from parliament. The current impasse, at 148 days since the November 2025 elections and counting, sits closer to the norm than the exception.

Read more: A political norm shaping Iraq’s governments

"Since 2003 until today, governments have not actually stabilized, except for the 2006 and 2010 administrations," political analyst Daoud al-Halfaya told Shafaq News, referring to Nouri al-Maliki's two terms, themselves born of prolonged deadlock.

The pattern, al-Halfaya argued, is not accidental: "Successive governments have been staffed not with strong national figures but with weak ones, undermining the capacity for decisive decision-making and any prospect of institutional stability."

The constitution mandates that a president be elected within 30 days of parliament's first session. That session convened on December 29, 2025. The deadline passed on January 29, 2026, unmet and unremarked upon by any enforcement mechanism, because none exists. What followed was a constitutional crisis in the legal sense, but at the same time, it is something more corrosive: a constitutional norm treated, by all parties, as optional.

The architecture of that weakness was partly assembled by judicial fiat. On March 25, 2010, the Federal Supreme Court issued Decision No. 25/Federal/2010, ruling that the constitutional term "largest parliamentary bloc" could refer either to the list winning the most seats in an election, or to a coalition assembled inside parliament after results were ratified.

The practical transferred the right to form a government away from Ayad Allawi, whose Al-Iraqiya List had won the most seats, and toward al-Maliki, who had not.

The ruling has reverberated through every government formation since. It is widely seen as having eroded public reverence toward both the constitution and the court, precisely because it appeared to subordinate electoral outcomes to post-election political maneuvering.

Iraq's Supreme Judicial Council President, Judge Faiq Zaidan, has himself acknowledged the damage, describing Article 76 of the constitution as among its most contentious provisions. A literal reading, he has argued, would restrict the "largest bloc" designation to whichever list won the most votes; allowing post-election coalitions to claim that status distorts voter intent and undermines legitimacy.

Read more: Iraq’s Parliament “Largest Bloc”: A Renewed Struggle over Power

Ihsan al-Shammari, head of the Iraqi Political Thinking Center, told Shafaq News that "a serious error was committed in 2010 in interpreting the largest bloc," and that the Federal Court's ruling must be reconsidered. al-Shammari agree with Judge Zaidan, calling for a constitutional amendment or revision of parliamentary bylaws to prevent further cycles of delay.

Al-Shammari also identifies the emergence of rival Shia leaderships as a compounding factor: "Shia parties have always disagreed over who assumes the premiership and how ministerial portfolios are distributed, and the rise of new political leaderships has complicated matters further, because these figures threaten traditional hierarchies —leading to maneuvers around the largest bloc even when it commands genuine popular support."

Aqeel al-Rudaini, spokesperson for former Prime Minister al-Abadi's al-Nasr coalition, is more direct: "Quota politics, internal power struggles, political money and influence among parties, and the presence of weapons outside state authority have all contributed to delaying government formation." The last item on that list —armed factions operating beyond the reach of the state— is not a peripheral concern. It is a negotiating variable.

According to Al-Shammari, the regional interference [especially from the United States and Iran] sometimes prevents government formation outright or places a veto on a specific candidate, directly affecting the parliamentary confidence vote." Al-Rudaini also stressed that "every ethnic community and political bloc carries regional influence behind it, and this damages Iraq's national interest while deepening internal divisions."

Al-Halfaya frames the consequence plainly: political competition has shifted to "competing for the backing of external powers rather than policy programs," removing national interest from the calculus entirely.

The two-thirds quorum requirement for the presidential vote, imposed by the Federal Supreme Court since 2022, has made the calculus more punishing still. Any bloc controlling more than a third of parliament's 329 seats holds effective veto power over the entire process —the so-called "blocking third."

What was designed as a consensus mechanism has become, in practice, a tool for extraction: no presidency, no prime ministerial mandate, no government, until the holdouts are satisfied.

In an attempt to break the pattern, the Speaker warned MPs this week that absences from the April 11 session would be formally recorded and penalized with a one-million-dinar (approximately $763) salary deduction —the first-time attendance at a presidential vote has carried any stated consequence. In a political economy where ministerial portfolios are negotiated in billions, the figure measures the distance between the penalty available and the stakes being protected.

The cost of this paralysis goes beyond politics. Economist Nabil al-Marsoumi has warned that Iraq faces a salary shortfall of five trillion dinars (approximately $3.8 billion) for May, the result of declining oil revenues compounded by disruptions in the Strait of Hormuz. "Iraq requires more than nine trillion dinars (approximately $6.87 billion) monthly to cover public sector salaries and social welfare," al-Marsoumi told Shafaq News, "and any shortfall hits citizens directly."

A caretaker government, legally prohibited from passing budgets, signing major contracts, or approving structural spending, cannot address the gap. Caretaker restrictions have separately frozen between eight and ten billion dollars in contracts spanning infrastructure, water, and services, with over 6,000 administrative decisions in suspension.

Read more: Parliament paralysis: Divisions and pressure expose Iraq’s fragile system

The 220 lawmakers who signed the petition demanding the April 11 session represent genuine pressure from within the legislature. Pressure, in Iraq's post-2003 political grammar, is not the same as accountability.

The constitution sets deadlines, but does not punish those who miss them. Neither legal mechanism compels parliament to convene, nor court have the authority —or the institutional standing— to enforce compliance.

Al-Shammari's prescription, shared by Judge Zaidan, is a constitutional amendment or revision of parliamentary internal rules. Those proposals have circulated in various forms since 2010 and have not advanced.

The Federal Supreme Court has scheduled its own ruling on the constitutional implications of the missed deadline for April 14, three days after parliament's session. The court will interpret the violation only after the political class has already attempted to move past it, a sequencing that captures, with accidental precision, how Iraq's institutions relate to its constitution: commentary follows action; accountability trails power.

Iraq's political class has not failed to build a government. It has succeeded, repeatedly, in building a system in which not building one is a viable —sometimes optimal— political strategy.

Written and edited by Shafaq News staff.

https://www.shafaq.com/en/Report/Iraq-Government-Formation-The-Constitution-that-cannot-enforce-its-own-deadlines

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 4-11-26

Good Afternoon Dinar Recaps

Geopolitical Risk Surge: Central Banks Shift Focus Away from Inflation

Rising global tensions are overtaking inflation as the primary concern, signaling a shift in monetary priorities and systemic risk

OVERVIEW (KEY POINTS)

A significant shift is underway as central banks globally are now prioritizing geopolitical risk over inflation, marking a turning point in how monetary authorities assess economic threats. Recent surveys and policy signals show a sharp rise in concern over conflict-driven instability.

This change is happening now due to escalating global tensions, particularly in energy-sensitive regions, which are creating uncertainty in trade flows, capital movement, and supply chains. These pressures are beginning to outweigh traditional inflation concerns.

Institutions such as the International Monetary Fund (IMF) and major central banks are increasingly acknowledging that external shocks—not domestic demand—are driving economic outcomes.

The broader implication is critical: monetary policy is being reshaped by geopolitical forces, reducing central bank control and increasing the likelihood of structural shifts within the global financial system.

KEY DEVELOPMENTS

1. Geopolitical Risk Becomes Top Central Bank Concern

Central banks are rapidly reprioritizing their risk outlook.

• Nearly 70% of central banks now rank geopolitical tensions as the top threat

• This is a sharp increase from roughly 35% previously

2. Inflation No Longer the Sole Policy Driver

Traditional inflation targeting is being challenged.

• External shocks are now dictating inflation trends

• Central banks have less control over price stability mechanisms

3. Policy Uncertainty Intensifies Across Markets

Markets are reacting to unclear central bank direction.

• Investors face mixed signals on interest rates and liquidity

• Forward guidance is becoming less reliable

4. Capital Flows Begin to Reflect Risk Repricing

Global capital is adjusting to heightened uncertainty.

• Funds are shifting toward safe-haven assets

• Emerging markets face increased risk of capital outflows

WHY IT MATTERS

This shift represents a fundamental change in how economic risk is defined and managed. When geopolitical instability becomes the primary concern, traditional monetary tools lose effectiveness.

Markets are entering a phase where external shocks dominate internal policy decisions, creating increased volatility across asset classes. This complicates forecasting and weakens investor confidence.

For policymakers, the challenge is growing. Central banks must now respond to unpredictable global events, limiting their ability to maintain stable economic conditions.

At the system level, this contributes to a gradual erosion of centralized monetary control, a key signal of broader financial transformation.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency volatility may rise as geopolitical risks fluctuate

• Purchasing power becomes less predictable under external shock conditions

• Capital flows may favor traditionally stable currencies, increasing divergence

• Exchange rates may decouple from fundamentals, reducing reliability

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Declining Effectiveness of Monetary Policy

As geopolitical forces override domestic economic controls, central banks lose precision in managing inflation and growth. This weakens confidence in fiat systems and increases pressure for alternative monetary frameworks.

• Pillar 2: Global Financial Fragmentation

Rising geopolitical tension is accelerating the shift toward a multi-polar financial system, where regions rely less on centralized institutions and more on localized economic alliances and currency arrangements.

CONCLUSION

The elevation of geopolitical risk above inflation marks a clear shift in global economic priorities. Central banks are no longer operating in a predictable environment, and their tools are becoming less effective against external disruptions.

This transition introduces greater uncertainty into markets, policy decisions, and global capital flows. The implications extend beyond short-term volatility and point toward deeper systemic change.

As geopolitical pressures continue to build, the financial system is being reshaped by forces outside traditional economic control.

This is not just a shift in risk perception—it is a structural change in how the global financial system functions.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "Central banks' concern over rising geopolitical tensions surges, survey shows"

• Axios — "Iran war's economic aftershocks will be felt for some time"

~~~~~~~~~~

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 News” Posted by Tishwash at TNT 4-11-2026

TNT:

Tishwash:  The parliament's leadership threatens MPs who are absent from tomorrow's (Saturday’s) session to elect the president.

 The Speaker of Parliament vowed on Friday to publish the names of MPs who will be absent from tomorrow's session to elect the President of the Republic.

Parliament Speaker Mohammed al-Halbousi said in a statement, "We call on political leaders, heads of parliamentary blocs, and members of the House of Representatives to attend tomorrow's session, Saturday, which is dedicated to electing the President of the Republic, and to proceed with completing the constitutional requirements and prioritizing the supreme national interest, in light of the security and economic conditions the country is going through, which require everyone to bear their national responsibilities."

He confirmed that "the names of the absent MPs, as well as the political blocs that prevent their MPs from attending, will be published in order to inform the public."  link

Tishwash:  Washington summons Iraqi ambassador and issues "strong warning"

The US State Department summoned the Iraqi ambassador to Washington, Nizar Khairallah, on Thursday, April 9, 2026, to inform him of a strongly worded protest and the US government’s condemnation of the increasing attacks launched by pro-Iranian militias from Iraqi territory.

A statement issued by the US State Department spokesperson said that Deputy Secretary of State Christopher Landau met with the Iraqi ambassador to express US outrage over the "serious terrorist attacks" targeting diplomatic personnel and facilities, the latest of which was the ambush targeting US diplomats in Baghdad yesterday, April 8.

Open criticism of the Iraqi government

Landau noted that these attacks are part of a series of hundreds of attacks that have occurred in recent weeks, targeting not only American interests, but also institutions in Iraq and its neighbors, including the Kurdistan Region.

In an unprecedentedly escalating tone, the Deputy Secretary of State criticized the Iraqi government's "failure" to prevent these attacks, noting that some entities linked to the Iraqi government continue to provide "effective political, financial, and operational cover" for these militias, stressing that this situation negatively and directly affects the future of bilateral relations between Washington and Baghdad.

Demands for "immediate dismantling"

The US official stressed that the United States "will not tolerate" any targeting of its interests or citizens, and called on Baghdad to immediately begin practical measures to dismantle the militia groups active in Iraq.  link

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

Tishwash:  The Revolutionary Guard establishes a "front" in Baghdad

 Iraqi requests to halt attacks rejected

Sources revealed that officers in the Iranian Revolutionary Guard continue to manage the operations of armed factions in Iraq and reject political requests to stop the attacks, acting as a “shadow military supervisor” to establish a pressure front on Washington in anticipation of the failure of negotiations.

Two sources from the “Coordination Framework” and the Iraqi government said that the heads of four Shiite parties held discussions in recent weeks with Iranian officials inside Iraq with the aim of convincing them of the need to stop the attacks, but they did not respond.

Sources said that a Quds Force officer with significant influence in Baghdad "does not respond to calls from allies within the coordination framework, limiting his communications to operations officials in armed factions." The sources quoted a senior Iraqi official, speaking during a private security meeting, as saying, "How is it possible that we cannot stop this man (the Revolutionary Guard officer)?" He added, "Why can't we arrest him?"  link

Tishwash:  Experts: The Hormuz crisis is a wake-up call for restructuring the Iraqi economy.

 The economic circles in Iraq are witnessing a remarkable rise in calls for the adoption of comprehensive structural reforms aimed at diversifying sources of income and reducing the almost total dependence on oil, following the recent crisis that the country was exposed to as a result of the closure of the Strait of Hormuz, and the direct repercussions that followed on global and local markets.

Iraq relies heavily on oil revenues, which constitute more than 90 percent of its general budget revenues, making it vulnerable to external shocks and sharp fluctuations in energy prices. Experts believe that this single-resource economic model exposes the country to recurring risks, as global crises quickly translate into domestic crises that directly affect the lives of citizens.

Risk management and sovereign wealth funds

In this context, economic researcher Imad Al-Muhammadawi emphasizes the importance of adopting proactive policies for risk management, stressing the need to establish sovereign wealth funds to which a percentage of oil revenues are allocated, with the aim of confronting crises and emergencies.

Al-Muhammadi points out that many oil-producing countries have succeeded in limiting the impact of economic shocks by establishing such funds, which act as a financial line of defense that contributes to stability when prices fall or supplies are disrupted, noting the importance of developing alternative plans to confront regional and international crises.

 Improving the investment environment

In a related vein, economic experts emphasize the importance of improving Iraq's investment climate by modernizing legislation and regulations to attract both domestic and foreign capital. They stress that investment is the primary driver of any economy, as increased investment leads to higher GDP, particularly in projects that contribute to technology transfer and skills development.

Investment activity also has a positive impact on multiple sectors such as transportation, trade and services, within the framework of what is known economically as the “investment multiplier effect”, which helps to reduce the severity of market shocks and enhance the resilience of the economy.

Economic diversification and human development

For his part, academic Dr. Kazem Eidan Shadeed stresses that the next stage requires serious and intensive work to diversify the economy and not rely on a single resource, stressing that building the human being represents the cornerstone of any sustainable development process.

He adds that achieving economic stability is closely linked to strengthening national unity and long-term planning, noting the importance of establishing a “Generations Fund” as a strategic step towards ensuring the rights of future generations and achieving financial sustainability.

Banking system reform

Eidan emphasizes that confronting crises, whether internal or external, requires adopting a package of integrated measures, foremost among them developing the banking system to be more efficient and stable, in addition to supporting digital transformation in the financial sector.

It also calls for strengthening the role of small and medium enterprises, given their importance in stimulating the local economy and creating job opportunities, as well as the need to rationalize consumption, manage resources efficiently, and build community support networks capable of adapting in times of crisis.Regional influences 

Global repercussions

On the global markets front, European stock exchanges saw a notable rise of over 3 percent following the announcement of a two-week ceasefire in the Middle East and the reopening of the Strait of Hormuz, through which about 20 percent of the world's oil supply passes.

Brent crude futures also fell by about 15 percent, settling below $100 a barrel, indicating a relative improvement in market confidence and a resumption of oil and gas flows. Despite this temporary relief, investors are still waiting to see if this lull paves the way for lasting solutions that will ensure stable supplies and prices.   link

Seeds of Wisdom RV and Economics Updates Saturday Morning 4-11-26

Good Morning Dinar Recaps,

Global Growth Warning: Energy Shock Threatens Monetary Stability

Rising energy disruption and slowing growth are forcing central banks into a narrowing policy path with global consequences

OVERVIEW (KEY POINTS)

A fresh wave of warnings from global institutions highlights how energy-driven shocks are now directly impacting global growth and monetary stability. The recent Middle East conflict has already disrupted oil and gas flows, creating ripple effects across inflation, trade, and financial markets.

This is unfolding now because energy supply disruptions and geopolitical instability are colliding with an already fragile global economy. Even with ceasefire efforts, the damage to supply chains and infrastructure is expected to have lasting economic effects.

Key players include the International Monetary Fund (IMF), the World Bank, and central banks worldwide, all of which are signaling increased concern about inflation spikes, slowing growth, and policy constraints.

The broader implication is significant: the global financial system is entering a stress phase where growth slows while inflation risks persist—conditions that historically precede system-level monetary shifts.

KEY DEVELOPMENTS

1. Global Growth Downgrade Signals Emerging Slowdown

Global institutions are revising growth expectations downward due to conflict-driven disruptions.

• Global growth could fall by up to 1 percentage point in a prolonged scenario

• Economic momentum is being replaced by uncertainty and reduced investment confidence

2. Energy Disruptions Driving Inflation Risks

Oil and gas supply interruptions are pushing inflation higher globally.

• Oil prices surged as much as 50% during peak disruption

• Supply chain breakdowns are feeding into broad-based cost increases

3. IMF Signals Rising Demand for Financial Support

The IMF is preparing for increased emergency lending as economies come under stress.

• Expected demand ranges between $20–$50 billion in support

• Indicates rising sovereign stress and liquidity needs

4. Central Banks Face Tightening vs. Growth Dilemma

Policymakers are being forced into a difficult balancing act.

• Premature tightening could trigger deeper economic slowdown

• Delayed action risks inflation becoming entrenched

5. Long-Term Economic “Scarring” Now Expected

Even if conflict subsides, lasting damage is already occurring.

• Infrastructure loss and disrupted trade are expected to permanently impact growth

• Confidence shocks are reducing long-term investment outlook

WHY IT MATTERS

This situation represents a critical convergence of inflation and growth risks, often referred to as stagflationary pressure. That combination weakens traditional economic stability.

Markets are increasingly sensitive to energy-driven volatility, making asset pricing and capital allocation more unpredictable. Bond markets, equities, and commodities are all reacting to policy uncertainty and supply shocks.

For policymakers, the margin for error is shrinking. Central banks must now operate in a constrained environment, where every decision risks unintended consequences.

At the system level, these dynamics contribute to erosion of confidence in traditional monetary frameworks, a key condition seen in past financial transitions.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency values may become more volatile as growth slows unevenly across regions

• Purchasing power is at risk due to persistent inflation pressures

• Capital flows may shift rapidly toward perceived safe-haven currencies

• Exchange rate stability may weaken, especially in emerging markets

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Debt and Liquidity Stress Acceleration

Rising demand for IMF support signals increasing strain on sovereign balance sheets. As more countries require external funding, the system moves closer to a debt restructuring environment, a core feature of financial resets.

• Pillar 2: Energy-Driven Monetary Realignment

Energy is re-emerging as a dominant force in monetary policy. Central banks are being forced to respond to external supply shocks rather than internal demand cycles, marking a shift toward a more fragmented and reactive global system.

CONCLUSION

The latest developments confirm that the global economy is entering a more fragile and uncertain phase. Growth is slowing, inflation risks remain elevated, and policymakers are facing increasingly complex trade-offs.

This is not a temporary disruption. The combination of energy instability, policy constraints, and rising debt pressure suggests deeper structural stress within the financial system.

As these forces continue to build, the likelihood of systemic adjustments—whether gradual or abrupt—increases significantly.

The global financial system is no longer operating under stable conditions—it is transitioning under pressure.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "Middle East war to cut growth, deliver cascading impact, World Bank chief says"

• Reuters — "IMF's Georgieva expects war to trigger demand for up to $50 bln in Fund support"

~~~~~~~~~~

🌱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 Saturday Morning 4-11-26

Huge Losses And A Record Increase In Financial Corruption Cases In The European Union

Money and Business   Economy News - Follow-up   The European Public Prosecutor's Office is witnessing the registration of thousands of investigations into financial crimes and corruption in the countries of the European Union, at a time when total losses exceed 67 billion euros annually as a result of these crimes.

Ruptly quoted European Parliament member Phidias Panayiotou as saying that the European Public Prosecutor's Office opened more than 3,600 active investigations last year, with estimated losses exceeding 67 billion euros, an indicator reflecting the widening scope of financial crimes within the European bloc.

The data related to active cases shows a significant disparity between member states, with Italy topping the list with approximately 991 active cases, with estimated losses reaching 28.71 billion euros, making it the most affected within the ongoing investigations.

Next comes Germany with 361 cases with an estimated value of 5.77 billion euros, followed by France with 121 cases and losses amounting to 5.94 billion euros, and then Belgium with 99 cases with a value of 3.14 billion euros.

The investigations overseen by the European Public Prosecutor's Office focus on tax fraud cases, particularly value-added tax, as well as money laundering cases and the misuse of EU funds allocated to support programs and development projects.

The investigations also include files related to transnational organized financial crimes, in addition to suspicions of corruption in public contracts and government procurement within a number of member states.

The European Public Prosecutor's Office is expected to continue expanding the scope of its investigations in the coming period, while strengthening cooperation between member states to combat complex and intertwined cross-border financial crimes.   https://www.economy-news.net/content.php?id=67721

The Dollar Is Heading For Weekly Losses Ahead Of US-Iranian Talks.

Money and Business   Economy News — Follow-up   The dollar was on track for its biggest weekly loss since January on Friday, while other currencies rose, buoyed by optimism that the Gulf ceasefire would hold and oil shipments would resume.

The direction of the markets is likely to depend on the outcome of the upcoming talks between the United States and Iran in Islamabad.

The dollar made gains in March as one of the few safe-haven assets, as the US-Israeli war with Iran caused oil prices to rise sharply and negatively affected stocks and gold, while inflation fears also caused bonds to fall.

But since a fragile ceasefire was agreed upon on Tuesday, the situation has changed and the dollar index has lost 1.3% since the start of the week.

The euro advanced this week to $1.1690.

The Australian and New Zealand dollars appear poised for weekly gains of nearly 3% against the US dollar. The Australian dollar was trading at just over 70 cents, while the New Zealand dollar reached $0.5847.

The British pound rose 1.8% this week to $1.3424.

Even the yen, which is under severe pressure due to low interest rates in Japan, government spending plans, and the country's reliance on imported oil, reached 159.2 against the dollar. https://www.economy-news.net/content.php?id=67703

Dollar Stabilizes In Baghdad, Drops In Erbil

2026-04-11 Shafaq News- Baghdad/ Erbil   The US dollar opened Saturday’s trading mixed in Iraq, hovering around 153,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 152,900 dinars per 100 dollars, unchanged from the previous session.

In the Iraqi capital, exchange shops sold the dollar at 153,500 dinars and bought it at 152,500 dinars, while in Erbil, selling prices stood at 153,000 dinars and buying prices at 152,850 dinars.

https://www.shafaq.com/en/Economy/Dollar-stabilizes-in-Baghdad-drops-in-Erbil-5

Gold Prices Rise In Baghdad And Erbil Markets

2026-04-11 Shafaq News- Baghdad/ Erbil   On Saturday, gold prices hovered around 1.03 million IQD per mithqal in Baghdad and Erbil markets, continuing their upward trend, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,024,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,020,000 IQD. The same gold had sold for 1,014,000 IQD on Thursday.

The selling price for 21-carat Iraqi gold stood at 994,000 IQD, with a buying price of 990,000 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 1,079,000 IQD per mithqal, 21-carat gold at 1,030,000 IQD, and 18-carat gold at 883,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-and-Erbil-markets-7-3

Basrah Crudes End Week Higher Despite Global Losses

2026-04-11 Shafaq News- Basrah   Iraq’s Basrah crude advanced more than 6% over the past week, even as global oil markets declined.

Basrah Heavy crude rose by $3.84 in its last session to $114.97 per barrel, recording weekly gains of $6.82, or 6.31%, while Basrah Medium crude climbed by $3.84 to settle at $117.07 per barrel, posting weekly gains of $6.82, or 6.19%.

Brent futures settled lower by 72 cents, or 0.8%, at $95.20 a barrel. US West Texas Intermediate crude futures fell $1.30, or 1.3%, to settle at $96.57 a barrel, with a weekly drop of 13.4%.

https://www.shafaq.com/en/Economy/Basrah-crudes-end-week-higher-despite-global-losses

Iraq Ranks Lowest In Arab Electricity Prices For March 2026

2026-04-11   Shafaq News- Baghdad   Iraq ranked first among Arab countries for the lowest electricity prices in March 2026, with residential tariffs at $0.015 per kilowatt-hour, according to data from GlobalPetrolPrices.

The data showed that Iraq also recorded $0.046 per kilowatt-hour for commercial use, marking the lowest rates in the region.

Egypt ranked second with $0.020 per kilowatt-hour, followed by Qatar at $0.032, Oman at $0.036, and Algeria in fifth place at $0.043 per kilowatt-hour, while Morocco and Jordan recorded the highest electricity prices among Arab countries, at $0.125 and $0.090 per kilowatt-hour, respectively.https://www.shafaq.com/en/Economy/Iraq-ranks-lowest-in-Arab-electricity-prices-for-March-2026

Six Oil Tankers Pass Hormuz Ahead Of US-Iran Talks

2026-04-11 Shafaq News- Hurmoz   Six oil tankers, including two Chinese vessels, one Greek ship, and three tankers from Saudi Arabia and Iraq, transited the Strait of Hormuz on Saturday, ahead of US-Iran talks in Pakistan, according to maritime data cited by Bloomberg.

Earlier today, Data shared by S&P Global showed that no crude oil was loaded at key ports linked to the Strait, including facilities in Iraq, Kuwait, the United Arab Emirates, and Saudi Arabia. Vessel traffic through the strategic waterway also declined markedly, falling to 12 ships on April 9 from an average of about 135 daily crossings.

The slowdown affected an estimated 14.2 million barrels per day (bpd) of crude oil and condensates, the data showed, while Iranian crude exports were recorded at about 1.38 million bpd over the same period.

The Strait of Hormuz, which carries roughly 20% of global oil supply, was effectively closed after US and Israeli strikes on Iran on February 28. Despite a previously granted exemption allowing Iraqi oil tankers to transit the Strait, Iraq’s oil sector saw a sharp downturn, with production falling from about 3.5 million bpd to around 1.3 million bpd, while exports declined to roughly 800,000 bpd. https://www.shafaq.com/en/Economy/Six-oil-tankers-pass-Hormuz-ahead-of-US-Iran-talks

Strait Of Hormuz Traffic Collapses To Near-Zero

2026-04-11 Shafaq News- Baghdad   Shipping through the Strait of Hormuz slowed sharply in April, with the key maritime route remaining largely disrupted amid the joint US-Israeli war on Iran, despite a recently signed two-week truce.

Data shared by S&P Global on Saturday showed that no crude oil was loaded at key ports linked to the Strait, including facilities in Iraq, Kuwait, the United Arab Emirates, and Saudi Arabia. Vessel traffic through the strategic waterway also declined markedly, falling to 12 ships on April 9 from an average of about 135 daily crossings.

The slowdown affected an estimated 14.2 million barrels per day (bpd) of crude oil and condensates, the data showed, while Iranian crude exports were recorded at about 1.38 million bpd over the same period.

The Strait of Hormuz, which carries roughly 20% of global oil supply, was effectively closed after US and Israeli strikes on Iran on February 28. Despite a previously granted exemption allowing Iraqi oil tankers to transit the Strait, Iraq’s oil sector saw a sharp downturn, with production falling from about 3.5 million bpd to around 1.3 million bpd, while exports declined to roughly 800,000 bpd. https://www.shafaq.com/en/Economy/Strait-of-Hormuz-traffic-collapses-to-near-zero

MilitiaMan and Crew: IRAQ DINAR UPDATE-Reality Update-Momentum is Built in - The Foundation of Blocs are in Place

MilitiaMan and Crew: IRAQ DINAR UPDATE-Reality Update-Momentum is Built in - The Foundation of Blocs are in Place

4-10-2026

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=oRAkjOZgwx4

Washington is Officially Insolvent as the World Pivots Away from the US

Washington is Officially Insolvent as the World Pivots Away from the US

Lena Petrova:  4-10-2026

In the halls of Washington, the narrative often centers on record-breaking growth and a thriving American economy. But if you step away the political talking points, what does the data actually reveal?

In a recent, sobering analysis, renowned economist Dr. Steve Hanke cuts through the noise, offering a critical look at the U.S. economic and geopolitical landscape.

From the reality of the “Trump economy” to the looming threat of national insolvency, Dr. Hanke presents a compelling—and concerning—case that the United States is standing on much shakier ground than the headlines suggest.

President Trump has frequently touted a “golden age” for the American economy, but Dr. Hanke disputes this optimistic frame. According to his analysis, the metrics tell a different story: stagnating GDP growth, tangible job losses, and a concerning decline in productivity.

Dr. Hanke points to interventionism, protectionism, and militarism as the pillars defining our current environment. The widespread use of tariffs, while marketed as a way to “protect” American interests, has instead acted as a drag on economic efficiency. Meanwhile, defense spending has soared to unprecedented levels, diverting massive amounts of capital that could otherwise be utilized for productive domestic investment.

Dr. Hanke shifts his focus to the ongoing conflict in Iran, describing it as a “structural shock” with ripple effects that the West has severely underestimated. Far from being a localized skirmish, the war in Iran is exacerbating global energy shortages, tightening the grip on essential raw materials like sulfur and aluminum.

Perhaps most surprising is the resilience of Iran’s economy. Despite Western portrayals of a nation on the brink, Iran has managed to increase its oil exports and maintain a stable currency. The geopolitical consequences are even more stark: the conflict has served to strengthen the hands of Russia and China, while simultaneously eroding the reputation and global influence of the United States.

Furthermore, Dr. Hanke argues that the influence of the Israeli lobby on U.S. foreign policy has backfired, creating a unified resistance within Iran that has only solidified anti-Western sentiment.

Perhaps the most alarming portion of Dr. Hanke’s analysis—conducted alongside colleague Dave Walker—is the blunt assessment of America’s balance sheet: The U.S. government is effectively insolvent.

The numbers are staggering, with liabilities dwarfing assets by a massive margin. To combat this, Hanke and Walker are championing legislative efforts, including the formation of a fiscal commission and a constitutional amendment aimed at forcing budgetary discipline upon a political system addicted to overspending.

Adding fuel to this fire is the Federal Reserve’s monetary policy. Dr. Hanke warns that recent bouts of quantitative easing are directly contributing to inflation. As the money supply accelerates, the Fed finds itself in an impossible balancing act: attempting to curb inflation without triggering a systemic economic collapse, all while navigating a volatile geopolitical minefield.

Dr. Hanke’s analysis serves as a wake-up call. The disparity between political rhetoric and the underlying economic reality is growing wider by the day. Whether it is the unchecked growth of defense spending, the mismanagement of monetary policy, or the long-term damage to our international standing, the path current policy takes is unsustainable.

As Dr. Hanke warns, without a serious commitment to fiscal reform and a shift toward sober, reality-based policymaking, the U.S. risks a deeper crisis that could reshape its economic and political future for generations.

https://www.youtube.com/watch?v=kSEei-KhEO8

IMF Announces Real-World Fiat Reset (What Happens Now?)

IMF Announces Real-World Fiat Reset (What Happens Now?)

Coin Bureau:  4-10-2026

The global financial landscape is shifting beneath our feet, and if you haven’t been paying attention, the ground may soon be moving faster than you expect.

For decades, the post-World War II economic order—anchored by the U.S. dollar and the established Western-led financial system—has been the bedrock of global trade. But today, the International Monetary Fund (IMF) and other global power brokers are signaling a “fundamental reset.” We aren’t just looking at a minor market adjustment; we are witnessing the potential decline of an era.

The dominance of the U.S. dollar has long been sustained by the “petro-dollar” system, where oil and other global commodities are traded almost exclusively in dollars. However, that foundation is cracking.

As geopolitical tensions rise, nations are seeking autonomy. We’ve seen India bypassing U.S. sanctions to purchase Russian oil outside the dollar, and nations like Iran demanding transit fees in Chinese yuan.

These are not isolated incidents; they are symptomatic of a coordinated effort by the BRICS nations to move away from Western financial infrastructure.

In its place, a new, multipolar currency system is emerging, built on the back of Central Bank Digital Currencies (CBDCs).

While CBDCs are sold under the guise of efficiency and modernization, they carry significant implications for personal freedom. Unlike traditional cash or even standard digital banking, these currencies are programmable.

 Governments could theoretically dictate how you spend your money, restrict where it can be used geographically, or even set expiration dates on your savings. This level of state surveillance and control represents a seismic shift in the relationship between the individual and the state.

As the global elite push for centralized, programmable digital systems, a massive ideological battle is brewing.

On one side, we have state-backed CBDCs designed for total oversight. On the other, we have decentralized digital assets like Bitcoin.

 The U.S. is positioning itself as an interesting outlier in this scenario, showing resistance toward a retail CBDC while simultaneously exploring the potential of a strategic Bitcoin reserve.

Even with market volatility and institutional hurdles, the long-term structural argument for decentralized assets has never been more relevant. As governments consolidate control over digital payments, the importance of a neutral, censorship-resistant store of value becomes not just a financial choice, but a defensive necessity.

The “reset” is underway. Are we moving toward a future of government-mandated spending limits, or will decentralized technology provide a path to financial freedom?

For a deeper dive into the mechanics of this shift and the geopolitical moves shaping our future, check out the full analysis from Coin Bureau. The landscape is changing—make sure you understand the stakes.

https://www.youtube.com/watch?v=ExRJ9oAoKSM

Seeds of Wisdom RV and Economics Updates Friday Afternoon 4-10-26

Good Afternoon Dinar Recaps

Energy Shock Reversal: Falling Rate Expectations Signal Policy Shift

Cooling oil prices and shifting market expectations are forcing central banks to rethink tightening strategies amid global instability 

OVERVIEW (KEY POINTS)

The recent energy shock tied to geopolitical conflict briefly pushed oil prices above $100 per barrel, triggering renewed inflation fears across global markets. However, a rapid cooling in prices following ceasefire developments has abruptly shifted market expectations, particularly around interest rates.

This sudden reversal is happening now because markets are recalibrating in real time to unstable energy flows, fragile supply chains, and policy uncertainty. Investors are no longer confident that central banks can maintain a steady tightening path without triggering broader economic stress.

Key players include major central banks such as the Federal Reserve, global energy producers, and financial markets reacting to bond yields and inflation signals. Their collective response is revealing cracks in the current monetary framework.

The bigger implication is clear: monetary policy is becoming reactive rather than proactive, increasing the likelihood of systemic instability and accelerating conditions often associated with a global financial reset.

KEY DEVELOPMENTS

1. Oil Price Spike Followed by Rapid Cooling

A sharp rise in oil prices above $100 was quickly reversed after geopolitical tensions eased.

• The volatility highlights how sensitive inflation is to energy disruptions

• Markets are reacting more to geopolitical headlines than fundamentals

2. Rate Hike Expectations Collapse

Markets dramatically reduced expectations for further interest rate hikes.

• Probability of additional hikes dropped to near zero (~0.8%)

• Signals a major shift from tightening to potential easing bias

3. Global Bond Yields Begin to Fall

Government bond yields are declining across major economies.

• Indicates rising demand for safe-haven assets

• Reflects expectations of slower growth and policy reversal

4. Central Banks Enter Policy Constraint Zone

Policymakers are increasingly limited in their options.

• Fighting inflation risks economic contraction

• Supporting growth risks reigniting inflation pressures

WHY IT MATTERS

This shift signals a critical turning point in monetary policy. Central banks are no longer driving market direction—markets are forcing central banks to adapt.

For the economy, this raises the risk of slower growth combined with lingering inflation volatility. For markets, it creates uncertainty around asset pricing, bond stability, and liquidity conditions.

From a policy standpoint, the loss of forward guidance credibility could lead to more reactive and less predictable interventions, increasing systemic risk.

At the global level, this dynamic contributes to a gradual erosion of confidence in traditional monetary tools, a key ingredient in broader financial restructuring.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency volatility is likely to increase as rate expectations shift rapidly

• Purchasing power may fluctuate due to unstable inflation trends

• Capital flows could become more unpredictable, favoring safer currencies

• Exchange rates may decouple from traditional rate differentials, reducing predictability

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Monetary Policy Credibility Erosion

As central banks shift from tightening to hesitation, confidence in their ability to control inflation weakens. This undermines the foundation of fiat systems that rely on policy consistency and forward guidance, increasing the risk of structural change.

• Pillar 2: Market-Driven Financial System Transition

Markets are increasingly dictating outcomes through bond yields, rate expectations, and capital flows. This represents a shift toward a more decentralized financial influence structure, where traditional policy tools carry less authority.

CONCLUSION

The rapid reversal in energy prices and interest rate expectations is more than a short-term market adjustment—it is a signal of deeper systemic strain. Central banks are being pushed into a position where every decision carries heightened risk, with fewer effective tools available.

This environment increases the likelihood of policy missteps and reactive interventions, both of which historically precede major financial shifts. The growing disconnect between market behavior and policy intent is particularly significant.

What is unfolding is not simply volatility—it is a transition phase. The global financial system is showing signs of moving away from centralized control toward a more fragmented and reactive structure.

This is not just a policy shift—it is a structural signal that the foundations of the current financial system are being tested in real time.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "IMF's Georgieva expects war to trigger demand for up to $50 bln in Fund support"

• MarketWatch — "What the market is now pricing for Fed and global central-bank interest rates after the cease-fire"

~~~~~~~~~~

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

Seeds of Wisdom RV and Economics Updates Friday Morning 4-10-26

Good Morning Dinar Recaps,

Macron Courts Trump with Versailles Invite as G7 Unity Faces Strain

France deploys symbolic diplomacy to secure U.S. engagement amid rising fractures within Western alliances

Overview (Key Points)

• France is actively working to secure U.S. participation in the upcoming G7 Summit

• President Emmanuel Macron has extended a high-profile, exclusive invitation to Donald Trump

• The proposed Versailles dinner highlights a shift toward personalized diplomacy

• Underlying tensions within the G7 threaten cohesion and global coordination

Key Developments

1. Macron Extends Exclusive Versailles Invitation

• A private dinner at Palace of Versailles is being used as a targeted diplomatic gesture

• No other G7 leaders were invited, emphasizing a one-on-one strategic approach

• The move leverages historical symbolism and prestige to encourage attendance

2. Uncertainty Surrounds Trump’s Attendance

• Trump has not confirmed participation in the G7 summit or the Versailles event

• U.S. officials describe the situation as undecided

• A potential absence would:

  • Undermine summit visibility

  • Signal weakening Western coordination

3. G7 Relations Show Signs of Strain

• The U.S. has taken a more confrontational stance toward multilateral institutions

• Ongoing tensions include:

  • Criticism of NATO alliances

  • Disagreements over Middle East conflicts involving Iran

  • Public friction with leaders such as Keir Starmer

These dynamics are testing the unity of traditional Western blocs

4. France Pursues Dual-Layer Diplomacy

• Macron is combining:

  • Formal multilateral engagement (G7 Summit)

  • Personalized bilateral diplomacy (Versailles meeting)

• This reflects a strategy to:

  • Maintain U.S. involvement in global forums

  • Reinforce transatlantic ties despite political friction

5. Political Risks and Optics Intensify

• If Trump attends:

  • Summit visibility increases

  • But internal divisions may deepen

• If Trump declines:

  • It exposes fractures within the G7

• Exclusive treatment at Versailles could raise concerns about:

  • Unequal diplomatic signaling among allies

Why It Matters

The G7 has historically functioned as a pillar of Western economic coordination

• Its effectiveness depends heavily on full participation from major powers

• Increasing reliance on leader-level relationships suggests:

  • Institutions are becoming less stable on their own

  • Diplomacy is shifting toward personal influence over formal structure

This signals a transition from institutional strength to personality-driven geopolitics

Why It Matters to Foreign Currency Holders

• G7 unity plays a key role in:

  • Global financial stability

  • Currency coordination and policy alignment

• Weakening cohesion may lead to:

  • Diverging economic strategies

  • Increased currency volatility across major economies

Currency holders should monitor:

• U.S.–Europe alignment

• Policy fragmentation within G7 economies

• Shifts in global leadership coordination

Implications for the Global Reset

• Pillar 1: Institutional Weakening

Traditional alliances like the G7 are showing signs of fragmentation

Global governance is becoming less centralized and more fluid

• Pillar 2: Rise of Personalized Diplomacy

Leader relationships are increasingly driving global outcomes

Symbolic gestures and soft power tools are filling gaps left by weakening consensus

This reflects a broader shift toward a multi-polar, less coordinated global system

Closing Insight

The summit itself is no longer the main story

Who shows up—and why—now matters more than what is formally agreed

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy — “Macron Courts Trump with Versailles Invite Amid Strained G7 Dynamics”

• Reuters (Referenced Reporting on G7 and U.S.–Europe Relations)

~~~~~~~~~~

🌱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 Friday Morning 4-10-26

The Dollar Is Heading For Weekly Losses Ahead Of US-Iranian Talks

Money and Business Economy News — Follow-up   The dollar was on track for its biggest weekly loss since January on Friday, while other currencies rose, buoyed by optimism that the Gulf ceasefire would hold and oil shipments would resume.  The direction of the markets is likely to depend on the outcome of the upcoming talks between the United States and Iran in Islamabad.

The dollar made gains in March as one of the few safe-haven assets, as the US-Israeli war with Iran caused oil prices to rise sharply and negatively affected stocks and gold, while inflation fears also caused bonds to fall.

But since a fragile ceasefire was agreed upon on Tuesday, the situation has changed and the dollar index has lost 1.3% since the start of the week.

The euro advanced this week to $1.1690.

The Australian and New Zealand dollars appear poised for weekly gains of nearly 3% against the US dollar. The Australian dollar was trading at just over 70 cents, while the New Zealand dollar reached $0.5847.

The British pound rose 1.8% this week to $1.3424.

Even the yen, which is under severe pressure due to low interest rates in Japan, government spending plans, and the country's reliance on imported oil, reached 159.2 against the dollar. https://www.economy-news.net/content.php?id=67703

Oil Rises As Hormuz Traffic Stays Below 10%, Saudi Supply Hit

2026-04-10   Shafaq News   Oil prices climbed on Friday, driven by fresh anxiety over supplies from Saudi Arabia and as ‌tanker traffic through the critical Strait of Hormuz remained largely frozen.

Prices were still headed for a loss as nerves eased over a fragile two-week ceasefire between the U.S. and Iran, while Israel signalled a potential diplomatic opening, saying it was ready to begin direct talks with Lebanon as soon as possible.

Brent crude futures added 58 cents, or 0.60%, to $96.50 a barrel as of 0338 GMT. West Texas Intermediate futures were up 49 cents, 0.50%, at $98.36 a barrel.

For this week, both contracts have so far ⁠lost 11%, the biggest weekly decline since June 2025.

Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and throughput on its East-West Pipeline by about 700,000 bpd, Saudi state news agency SPA reported on Thursday, citing an official source at the Ministry of Energy.

Concerns of further oil supply disruptions were heightened after the report, ANZ analysts said in a Friday note.

"The initial wave of relief following President Trump's two-week ceasefire announcement has quickly given way to underlying doubts," IG market analyst Tony Sycamore said in a note.

"All eyes remain firmly on tanker tracker flows through the Strait of Hormuz for any signs of increased activity ahead of peace talks scheduled in Pakistan on Friday," Sycamore said.

Ship traffic through the strait stood at well below 10% of ‌normal volumes ⁠on Thursday despite the ceasefire as Tehran asserted its control by warning ships to keep to its territorial waters while doing so.

Iran and the U.S. agreed on Tuesday to a two-week ceasefire brokered by Pakistan, but fighting was still taking place following the announcement.

Analysts say Pakistan will try to push for a more durable peace agreement but may lack the leverage needed to compel the reopening of the strategic waterway

Iran wants to charge fees for ships passing through ⁠the strait under a peace deal, a Tehran official told Reuters on April 7. Western leaders and the U.N.'s shipping agency have pushed back on the idea.

The crucial artery for oil and gas flows has been effectively shut down by the conflict, which began on February 28 when the U.S. and ⁠Israel launched air strikes on Iran.

Brent prices could reach $190 a barrel if flows through the Strait of Hormuz remain at the current level, said John Paisie, president of energy consultants Stratas Advisors.

"If Iran allows increasing flows the price of oil will be more moderated, ⁠but still well above pre-war levels."

Some 50 infrastructure assets in the Gulf have been damaged by drone and missile strikes over the nearly six weeks since the conflict started, and around 2.4 million bpd of oil refining capacity have been taken offline, according to JPMorgan.   (Reuters)

https://www.shafaq.com/en/Economy/Oil-rises-as-Hormuz-traffic-stays-below-10-Saudi-supply-hit

Gold down 0.1% as US-Iran ceasefire strains

2026-04-10 Shafaq News   Gold dipped on Friday as a firmer dollar and U.S.-Iran ceasefire uncertainty weighed, but the metal stayed on course for a ‌third consecutive weekly climb as investors priced in earlier and deeper U.S. rate cuts, supporting non-yielding bullion.

Spot gold was down 0.1% at $4,759.54 per ounce by 0316 GMT. The metal, however, has gained 1.8% so far this week.

U.S. gold futures for June delivery fell 0.7% to $4,782.70.

The dollar index (.DXY) strengthened, making greenback-priced bullion more expensive for holders of other currencies.

"There's a lack of clarity about the way ⁠that the ceasefire is evolving in the Middle East and what that means to energy markets... so we're in sort of a little bit of a holding pattern (with gold) going into the final session of the week," said Kyle Rodda, senior financial market analyst at Capital.com.

Spot gold has fallen about 10% since the U.S.-Israel conflict with Iran erupted on February 28, with elevated energy prices fuelling inflation concerns and the prospect of higher interest rates.

The fragile two-week ceasefire between the U.S. and Iran showed further strain on Friday, as Washington accused Tehran of breaching promises on the Strait of Hormuz.

Brent crude, however, has slid more ‌than 11% ⁠this week on optimism that the ceasefire could reopen the Strait of Hormuz, through which about 20% of the world's oil and liquefied natural gas passes.

"If things break down, (gold) could end up back in mid-$4,000's pretty quickly. But if the ceasefire holds and the peace deal starts to look more likely, then we could push through $5,000," Rodda ⁠added.

On the data front, the U.S. Personal Consumption Expenditures index, the Federal Reserve's preferred inflation gauge, advanced 2.8% in the 12 months through February, in line with estimates, and likely rose further in March.

Investors are now looking out for ⁠March's U.S. Consumer Price Index data, due later in the day, for further clues on Fed's monetary policy direction.

Markets are pricing in a 31% chance for a U.S. rate cut of at least 25 ⁠basis points at the Fed's December meeting, according to CME's FedWatch Tool, up from 20% in the prior session. FEDWATCH

Among other metals, spot silver rose 0.9% to $75.74 per ounce, platinum lost 2% to $2,061.06, and palladium fell 1.2% to $1,539.43.  (Reuters)   https://www.shafaq.com/en/Economy/Gold-down-0-1-as-US-Iran-ceasefire-strains

Dollar Slides 1.3% In Worst Week Since January

2026-04-   Shafaq News   The dollar headed on Friday for its largest weekly drop since January, as investors sold safe assets on optimism that oil shipping will resume if a ceasefire holds in the Gulf.

The dollar had towered in March as one of the few bastions of ‌safety as the U.S. and Israeli war on Iran sent oil prices rocketing and hit stocks and gold, while inflation worries sank bonds.

But since a shaky ceasefire was agreed on Tuesday those positions are being unwound.

The euro has rallied through its 200-day moving average this week to trade at $1.1694, a break of chart resistance that opens the way to further gains.

The risk-sensitive Australian and New Zealand dollars are looking at weekly rises of nearly 3% on the dollar, with the Aussie trading just above 70 cents and the kiwi at $0.5847. Sterling has shot up 1.8% this week and above its 200-day moving average ⁠to $1.3424.

Moves in the Asia session were small on Friday. U.S. inflation data is due later in the day, though markets' direction is more is likely to hang on the outcome of weekend talks between the U.S. and Iran in Islamabad.

"People were buying the U.S. dollar when the war was at its most intense moment and now they're selling as the tail risk of a really bad outcome has faded quite a bit," said Jason Wong, senior strategist at BNZ in Wellington.

"Even though it still looks a bit shaky, the ceasefire removing that tail risk is important from a sentiment point of view," he said, though noting that could turn around very quickly if anticipated weekend peace talks don't yield progress.

The yen , under pressure for years from Japan's low rates and more recently from its vulnerability to high oil prices, lifted off lows against the dollar - but not far and was sold against other currencies, suggesting it remains unloved.

The yen eased very ‌slightly to ⁠159.2 per dollar on Friday. The U.S. dollar index was steady and 1.3% lower so far this week.

YUAN RALLIES

In the Strait of Hormuz there was little sign of progress. In the first 24 hours of the ceasefire, just a single oil products tanker and five dry bulk carriers sailed through a passage which before the war accommodated about 140 ships a day.

Iranian officials arrived in Islamabad on Thursday and a U.S. delegation, led by Vice President JD Vance, arrives on Friday to discuss what investors hope can be a lasting peace.

"If ⁠there's positive talks, that would be dollar negative. And if we get to Monday and talks went badly and there's still a lack of ships ... things could turn around quickly," said Wong.

South Korea's central bank kept its policy interest rate steady on Friday, as expected, leaving the won at 1,480 to the dollar, having recovered from beyond 1,500.

China's yuan - which ⁠has never really fallen since the war began at the end of February - was set for its biggest weekly rise in 15 months and is trading at its strongest levels since 2023.

Data on Friday showed factory gate prices rising for the first time in three years, a sign that genuine inflation may be beginning to take ⁠hold after a long battle with deflation.

"The CNY has been a surprising winner of the Iran war, despite China's role as the largest oil importer in the world," said ING economist Lynn Song.

"At least a few market participants have mentioned re-evaluating the 'China risk premium' amid rising global uncertainty elsewhere, which has led to China looking more and more like the adult in the room."

(Reuters)   https://www.shafaq.com/en/Economy/US-Dollar-slides-1-3-in-worst-week-since-January