DINARRECAPS8 5/18/26 DINARRECAPS8 5/18/26

Iraq Economic News and Points To Ponder Monday Morning 5-18-26

The Government Affirms Its Commitment To Restricting Weapons To The State And Keeping Iraq Out Of Regional Conflicts

latest news Sunday,Baghdad – One News 5/17/2026 The spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Nu’man, confirmed that the first strategic pillar in the ministerial program is the strengthening of national security, through a firm commitment to restricting weapons to the state and enforcing the rule of law.

The Government Affirms Its Commitment To Restricting Weapons To The State And Keeping Iraq Out Of Regional Conflicts

latest news Sunday, Baghdad – One News 5/17/2026 The spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Nu’man, confirmed that the first strategic pillar in the ministerial program is the strengthening of national security, through a firm commitment to restricting weapons to the state and enforcing the rule of law.

Al-Nu’man told the Iraqi News Agency that this approach represents a fundamental step towards ending armed manifestations outside the legal framework and securing the internal stability necessary to protect the sovereignty of the state and ensure its security.

He added that the ministerial program approved a strict regulatory procedure to address the dispersal of resources and prevent overlapping powers, by unifying the security decision and linking all resources and capabilities to the official state system, in order to ensure that all armed formations are subject to the authority of the General Command and the unified security decision.

Al-Nu’man pointed out that the curriculum adopts a modern vision to enhance operational security, through the development of border monitoring systems according to modern technologies, and linking them to an intelligence effort to combat terrorism and organized crime and dry up its sources of funding.

He stressed that the right choice for Iraq is to stay away from the axes of regional and international conflict, and not to allow Iraq to be a passage or launching pad for attacks on other countries, or an arena for interference in its internal affairs, in order to protect internal stability from the repercussions of regional crises. https://1news-iq.net/الحكومة-تؤكد-حصر-السلاح-بيد-الدولة-وإب/

Unannounced Contacts To Integrate Forces That Have Expressed Their Willingness To Lay Down Arms And Engage Politically

latest news Sunday, May 17, 2026 Baghdad – One News The newspaper “Al-Sharq Al-Awsat” indicated that unannounced contacts and talks are currently taking place between political parties close to the government and the American administration, with the aim of reaching understandings that would allow the participation of some forces that have announced their abandonment of their armed wings, while maintaining their presence within the formations of the “Popular Mobilization Forces”.

In the same context, the sources confirmed that the government intends to quickly begin practical steps to restrict weapons to the hands of the state, including the factions that still declare positions rejecting the American presence, most notably the Kataib Hezbollah and Harakat al-Nujaba, which had previously announced their refusal to disarm according to the government program proposed by al-Zaidi. https://1news-iq.net/الشرق-الأوسط-اتصالات-غير-معلنة-لدمج-قو/

Iraq Requests Financial Support From The International Monetary Fund

Alsumaria NewsAn economist revealed a source close to the International Monetary Fund Iraqi officials contacted the fund for financial assistance in the aftermath of the ongoing war in the Middle East.

And it was reported Asharq Al-Awsat newspaper The source said that "initial talks took place last month during the spring meetings of the IMF and the World Bank in Washington He noted that "discussions are ongoing regarding the amount of funding he wants."Iraq and how to structure any loan"According to Reuters

The war that erupted on February 28th sent shock waves throughout the Middle East, causing widespread damage to infrastructure and economies.

Iraq was particularly hard hit, as the majority of its oil exports, which accounted for almost all of the government's revenue, were halted due to the blockade. Strait of Hormuz Previously, about 20 percent of the world's crude oil supply passed through it. https://www.alsumaria.tv/news/economy/564072/العراق-يطلب-دعماً-مالياً-من-صندوق-النقد-الدولي

The International Monetary Fund Comments On Reports That Iraq Has Requested Financial Assistance.

Money and Business Economy News — Baghdad The International Monetary Fund said it continues to discuss the possibility of providing financial support to countries affected by rising energy and commodity prices due to the war in the Middle East, without confirming reports that Iraq had requested financial assistance.

Reuters quoted the IMF spokeswoman, Julie Kozak, as saying during a press conference that the Fund continues to discuss potential financial assistance for member countries suffering from high energy and commodity costs, but she did not provide details on specific countries, and declined to comment on a report that Iraq had requested financial support.

Kozak added that a number of countries are asking the Fund for support in the area of economic policies and advice on how to respond to economic shocks according to the circumstances of each country.

Media reports had indicated that Iraq had requested financial assistance from the Fund as a result of the repercussions of the war in the Middle East and rising energy prices, at a time when the Fund’s Managing Director, Kristalina Georgieva, had previously indicated that about 12 countries might need financial support ranging between $20 billion and $50 billion.

https://www.economy-news.net/content.php?id=69157

Iraq Is Expected To Achieve A Trade Surplus Of $24 Billion In 2025.

Money and Business Economy News – Baghdad Data released by the Central Bank of Iraq on Monday showed that Iraq achieved a trade surplus of approximately $24.686 billion during 2025, driven by a higher value of exports compared to imports.

According to foreign trade data calculated on an FOB basis, total Iraqi exports during the year amounted to approximately $90.427.7 billion, compared to imports of $65.741.7 billion.

She added that exports were distributed as follows: $24.112.3 billion in the first quarter, $23.285.6 billion in the second quarter, $21.414.3 billion in the third quarter, before rising slightly to $21.615.5 billion in the fourth quarter.

In contrast, imports totaled $18.158.6 billion in the first quarter, $15.993.1 billion in the second quarter, and $16.102.0 billion in the third quarter, before declining to $15.488.0 billion in the fourth quarter, according to the data.

The data indicated that Iraqi exports exceeded imports in all quarters of the year, which reinforced the continued recording of a trade surplus.

The data was based on Free On Board, a system that calculates the value of goods when loaded onto the means of transport in the exporting country, without including shipping and insurance costs. https://www.economy-news.net/content.php?id=69218

Gold Prices Remain Stable In Baghdad Markets

Money and Business Economy News – Baghdad On Monday, the prices of Iraqi and foreign gold remained stable in the local markets of Baghdad at less than one million dinars per mithqal.

The selling price of one mithqal of 21-karat gold from the Gulf, Turkey, and Europe reached 982,000 dinars in the wholesale markets on Al-Nahr Street in Baghdad, while the buying price reached 978,000 dinars, which are the same prices that were recorded yesterday, Sunday.

One mithqal of 21-karat Iraqi gold was recorded at 952,000 dinars, while the purchase price reached 948,000 dinars.

In goldsmith shops, the selling price of a mithqal of 21-karat Gulf gold ranged between 985,000 dinars and 995,000 dinars, while the selling price of a mithqal of Iraqi gold ranged between 955,000 dinars and 965,000 dinars.

https://www.economy-news.net/content.php?id=69214

Fars News Agency: Tehran has the right to declare its sovereignty over the internet cables in the Strait.

Arabic and international Economy News - Follow-up The Iranian news agency Fars reported, in a report titled "A $10 Trillion Treasure at the Bottom of the Strait of Hormuz," that all fiber optic cables at the bottom of the strait will be under absolute Iranian sovereignty.

The report stated that after Iran regained full control of the Strait of Hormuz in execution of its sovereign rights in its territorial waters, a new legal and technical question arises: the extent to which Iran has the legitimacy to impose its sovereignty over the fiber optic cables that pass through the bottom and under the surface of this vital passage.

According to Fars News Agency, the 1982 United Nations Convention on the Law of the Sea grants Iran full sovereignty over the seabed and subsoil within 12 nautical miles of its coast. Given that the Strait of Hormuz is only 21 nautical miles wide, its entire waters, seabed, and airspace fall within the territorial waters of Iran and Oman.

There is not a single centimeter of free water or exclusive economic zone within the Strait of Hormuz. Therefore, Iran's legal team argues that the fixed cables running along the seabed of the Strait of Hormuz do not fall under the concept of "transit passage" for ships and aircraft, but rather constitute permanent use of the seabed subject to Iranian permits and oversight.

According to this interpretation, every kilometer of international internet cables (Google, Microsoft, Amazon, Meta, and others) laid on the seabed of the Strait of Hormuz would require Iranian authorization, becoming subject to technical and security oversight and the payment of sovereign fees, similar to how other countries handle technology infrastructure crossing their territories.

Furthermore, Iranian legal approaches encourage consideration of additional fees for services such as navigational safety, marine environmental protection, and linking foreign maintenance companies with local workers under Iranian sovereignty.

In practical terms, the analysis published by the Fars News Agency in its report entitled: “A $10 Trillion Treasureat the Bottom of the Strait of Hormuz” indicates that Iran, as the coastal state that manages the Strait of Hormuz, can treat the submarine cables as it treats any property that touches its sovereignty, and turn this digital infrastructure into a strategic tool for economic and international negotiation, while emphasizing that any continuation of the operation of these cables requires the approval of the Iranian government and the signing of cooperation and maintenance agreements within the rules of its regulation.

https://www.economy-news.net/content.php?id=69220

Dinar Recaps 20 5/18/26 Dinar Recaps 20 5/18/26

MilitiaMan and Crew: IRAQ DINAR UPDATE-A Powerful Window we can see Through! Last 72 hours? Amazing-Convergence!

MilitiaMan and Crew: IRAQ DINAR UPDATE-A Powerful Window we can see Through! Last 72 hours? Amazing-Convergence!

5-17-2026

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

MilitiaMan and Crew: IRAQ DINAR UPDATE-A Powerful Window we can see Through! Last 72 hours? Amazing-Convergence!

5-17-2026

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

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

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

https://www.youtube.com/watch?v=szmI_E3S-lc

DINARRECAPS8 5/17/26 DINARRECAPS8 5/17/26

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 5-17-26

Good Afternoon Dinar Recaps,

Post-Iran War Middle East: Regional Power Shifts Accelerate the Push Toward a New Global Order

The aftermath of the Iran war is reshaping energy markets, security alliances, nuclear policy, and financial influence across the Middle East and beyond

The 2026 Iran war may prove to be one of the most consequential geopolitical turning points in decades, with effects extending far beyond the battlefield into global finance, trade, and monetary stability.

Good Afternoon Dinar Recaps,

Post-Iran War Middle East: Regional Power Shifts Accelerate the Push Toward a New Global Order

The aftermath of the Iran war is reshaping energy markets, security alliances, nuclear policy, and financial influence across the Middle East and beyond

OVERVIEW (KEY POINTS)

The Middle East is entering a new phase of uncertainty following the Iran war, with governments, investors, and global powers reassessing long-standing assumptions about security, energy flows, and regional stability.

What began as a military confrontation has evolved into a broader strategic realignment involving the United States, China, Israel, Iran, Gulf states, and emerging multipolar blocs.

One of the clearest outcomes is that the traditional regional order has been weakened, particularly regarding confidence in U.S. security guarantees and the stability of Gulf energy infrastructure.

The broader implication for the global financial system is substantial: energy security, reserve diversification, and geopolitical fragmentation are now accelerating simultaneously, increasing pressure on the existing international order.

KEY DEVELOPMENTS

1. Gulf Stability Narrative Has Been Severely Damaged

The war exposed vulnerabilities once considered manageable.

Gulf energy infrastructure faced repeated strikes and disruptions
Shipping, food imports, and industrial supply chains were impacted
Investor confidence in long-term regional stability has weakened

2. China Emerged as a Critical Diplomatic Power

Beijing expanded its influence without direct military involvement.

China played a growing role in diplomatic coordination with Iran
Beijing strengthened its position as a key energy and mediation partner
The conflict reinforced China’s influence in the emerging multipolar system

3. Nuclear Deterrence Calculations Are Changing

The conflict altered strategic thinking across multiple nations.

Iran’s experience during negotiations may reshape future nuclear policy
Saudi Arabia and other regional powers may reconsider deterrence strategies
Global nonproliferation frameworks face increasing strain

4. Energy Markets Face Long-Term Structural Risk

The war highlighted the fragility of critical energy routes.

Strait of Hormuz disruptions affected global oil and LNG flows
Gulf states are reconsidering security and export strategies
Energy markets remain highly vulnerable to future geopolitical escalation

5. U.S.-Middle East Relationships Are Entering a New Phase

Regional alliances are becoming more complex.

Gulf states increasingly seek diversified strategic partnerships
Questions are growing around long-term U.S. regional influence
The Abraham Accords normalization momentum has slowed significantly

WHY IT MATTERS

This matters because the Middle East remains central to the global energy and financial system.

Any long-term instability involving Gulf infrastructure, shipping lanes, or regional alliances directly affects oil prices, inflation, trade flows, and central bank policy worldwide.

The conflict also accelerated broader geopolitical trends already underway, including de-dollarization efforts, reserve diversification, and the rise of competing power centers outside the traditional Western framework.

Markets are increasingly reacting not only to economic data but also to geopolitical fragmentation and strategic competition.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Energy disruptions can rapidly weaken importing nations’ currencies
Gold and commodity-linked reserves may gain greater importance
Currency volatility could rise during periods of geopolitical stress
Nations may continue diversifying away from concentrated dollar exposure

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Multipolar Power Structures Accelerate

The war reinforced the emergence of multiple competing centers of influence, particularly involving China, BRICS nations, and regional energy blocs.

Pillar 2: Energy Security and Financial Systems Converge

Control over energy routes, LNG infrastructure, and strategic commodities is becoming increasingly tied to reserve strategy, trade settlement, and global monetary influence.

CONCLUSION

The Iran war did not simply reshape regional politics — it exposed deeper structural weaknesses in the global system itself.

Energy security, alliance stability, reserve management, and geopolitical trust are now more interconnected than at any point in recent decades.

While the ceasefire may pause military escalation, the larger transformation is already underway, with nations recalculating how they secure trade, protect reserves, and position themselves in a rapidly changing world order.

The post-Iran war era may ultimately be remembered less for the battles that were fought and more for the global system changes that followed them.

Seeds of Wisdom Team
Newshounds News™ Exclusive

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Thank you Dinar Recaps

Dinar Recaps 20 5/17/26 Dinar Recaps 20 5/17/26

Bessent Sees Substantial Disinflation, Federal Victory Note, Gold-backed Currency?

Bessent Sees Substantial Disinflation, Federal Victory Note, Gold-backed Currency?

And We Know Official: 5-17-2026

The global economic landscape is currently undergoing a period of significant transformation, leaving many investors searching for clarity amidst shifting policies and market volatility.

In a recent, in-depth discussion featuring Dr. Kirk Elliott, the conversation dives deep into the complexities of the current U.S. economic climate, exploring the intersection of monetary policy, inflation, and the evolving role of physical assets in a modern portfolio.

Bessent Sees Substantial Disinflation, Federal Victory Note, Gold-backed Currency?

And We Know Official: 5-17-2026

The global economic landscape is currently undergoing a period of significant transformation, leaving many investors searching for clarity amidst shifting policies and market volatility.

A central point of the discussion is the critical examination of mainstream economic narratives versus the realities of current inflationary pressure. Dr. Elliott sheds light on the Federal Reserve’s strategies and the long-term impacts of increased money supply on the purchasing power of the dollar.

The dialogue highlights how historical norms—such as the dollar strengthening during geopolitical conflicts—are being challenged by unconventional monetary shifts, including the intricacies surrounding the Japanese yen carry trade and the ongoing efforts of global financial institutions to manage liquidity.

Perhaps most intriguing is the conversation surrounding a potential shift in how currency is structured.

The video introduces the concept of a new gold-backed $100 bill, signaling a move toward tangible asset-backed money as a potential remedy for the devaluation often associated with fiat currency.

Coupled with the rise of stablecoins, these innovations point toward a future where the demand for the U.S. dollar is managed through new mechanisms designed to curb the necessity for constant currency printing, potentially offering a path toward greater economic stabilization.

Beyond the immediate financial metrics, the discussion expands into broader societal concerns. Dr. Elliott and the host explore the implications of centralized oversight, particularly regarding the role of artificial intelligence and global governance models.

These segments serve as a cautionary note on the importance of maintaining individual agency and economic autonomy in an era where power is increasingly consolidated. By looking at these systemic risks, the speakers encourage viewers to consider the importance of protecting their financial well-being through diversification.

For those looking to navigate these uncertain times, the conversation offers a pragmatic perspective on the role of precious metals. With silver showing noteworthy performance and gold continuing to serve as a traditional store of value, the discussion frames these assets as essential tools for those seeking to hedge against institutional instability.

By grounding one’s strategy in tangible resources, investors may find a measure of security against the ebb and flow of global market dynamics.

https://www.youtube.com/watch?v=GUd14q_8HYA

DINARRECAPS8 5/17/26 DINARRECAPS8 5/17/26

Iraq Economic News and Points To Ponder Sunday Afternoon 5-17-26

The Leader Of The Shiite National Movement, Al-Sadr, Calls For Preserving The Country's Resources And Ensuring A Decent Life For The People By Meeting Their Needs

latest news Sunday, May 17, 2026 Baghdad – One News The leader of the Shia National Movement, Muqtada al-Sadr, made a phone call to Prime Minister Ali al-Zaidi, congratulating him on the formation of the government and urging him to preserve the country's sovereignty and improve public services.

The Leader Of The Shiite National Movement, Al-Sadr, Calls For Preserving The Country's Resources And Ensuring A Decent Life For The People By Meeting Their Needs

Al-Sadr's media office stated that he urged al-Zaidi to stand firmly against corruption, protect the country's resources, and ensure a decent life for the Iraqi people by providing services, meeting their needs, and safeguarding their rights.

https://1news-iq.net/زعيم-التيار-الوطني-الشيعي-يدعو-إلى-الح/

Al-Mada: Al-Sudani is working with his allies to form a second bloc within the framework supporting the government with approximately 170 seats

latest news Sunday, May 17, 2026 Baghdad – One News It appears that al-Sudani is trying to establish himself as the new leader within the Shiite community, following the decline of al-Maliki's influence, according to those close to him.

Sources quoted by Al-Mada newspaper indicate that Al-Sudani is working with his allies to form a second bloc supporting the government, with about 170 seats, but it appears less cohesive so far, and has not settled on a clear political name.

These developments came after the House of Representatives voted to grant confidence to only 14 ministers out of the 23 portfolios that the government is supposed to be formed from, while the decision on nine ministries was postponed, and the shares of the most prominent wings of the framework were absent from the new government, most notably Asaib Ahl al-Haq, which sources indicate has encountered an American veto, while it is trying to convince Washington to change its position. https://1news-iq.net/المدى-السوداني-يعمل-مع-حلفائه-على-تشكي/

Iraq Cabinet Posts Distributed Unfairly, Al-Sudani’s Bloc Says

2026-05-17 / Shafaq News- Baghdad The Reconstruction and Development parliamentary bloc, led by former Prime Minister Mohammed Shia Al-Sudani, on Sunday said Iraq’s new cabinet was formed through an unfair distribution of ministerial posts, despite the coalition winning the largest share of seats in the November 2025 elections with 46 lawmakers.

According to the bloc, “some factions” –without specifying– received positions exceeding their parliamentary and political weight, while Reconstruction and Development did not secure representation matching its electoral standing. Despite its objections, the coalition did not obstruct the government’s formation out of “national responsibility” and concern for state stability.

Reconstruction and Development Coalition

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In an official statement...

The Reconstruction and Development Bloc congratulates the government on its formation and looks forward to it being an extension of the path of reconstruction, development and political stability.

The bloc affirms its commitment to working within the framework of coordination, adhering to the national path, and working with partners for a stable Iraq in which the aspirations of its people are realized.

Below is the text of the bloc's official statement:

Statement issued by: Parliamentary Reconstruction and Development Bloc

The Reconstruction and Development Parliamentary Bloc congratulates the honorable Iraqi people on the formation of the new government, and looks forward to this government being an extension of the path of reconstruction, development and political stability, and achieving prosperity for our great Iraq.

Since its inception, the bloc has carried a political project based on prioritizing the supreme national interest, and during the government formation negotiations, it stressed the need for ministries to be run by capable and independent professional competencies, far removed from the quota system that burdened previous governments and weakened the performance of state institutions.

However, the outcome of the government formation negotiations revealed a clear imbalance in the distribution of ministerial posts. Some blocs received positions disproportionate to their actual parliamentary and popular weight, while the Reconstruction and Development bloc did not receive representation commensurate with its electoral and political size.

Nevertheless, the bloc did not obstruct the completion of the government formation, driven by its national responsibility and commitment to the stability of the state.

In light of these political factors, the voting session witnessed a clear divergence in the positions of a number of the bloc’s deputies towards some of the government cabinet ministries, a position stemming from respectable political and parliamentary convictions, and reflecting the nature of the responsible assessment of the government scene and its balances.

The bloc also affirms that its respected partners in the National Pact obtained their parliamentary representation in the Ministry of Agriculture, based on their political size of 11 parliamentary seats, in accordance with their political and constitutional convictions.

At the same time, the Reconstruction and Development bloc was keen to preserve the presence and entitlement of its respected partners in the Sumerians Movement, which has 5 parliamentary seats, within the parliamentary and political weight of the Reconstruction and Development bloc.

We express our full respect and appreciation to our aforementioned partners, and we value their great efforts during and after the election phase, and we wish them every success in any decision they make, and in any course of action they see as serving the national interest.

The Reconstruction and Development Bloc, in its commitment to the forces of the Coordination Framework, affirms its steadfast position of continuing within the project of the state and the nation, working and cooperating with the nation's partners for the sake of Iraq and the Iraqis, and consolidating its principles based on prioritizing supreme national interests, in accordance with its enduring motto:

Iraq first… always and forever.

The bloc will remain supportive of every step that promotes stability, reform and development, in a way that preserves the prestige of the state and protects the aspirations of the Iraqi people.

Parliamentary Reconstruction And Development Bloc

Baghdad — May 2026 The bloc added that it had pushed during coalition negotiations for ministries to be managed by “competent and independent” figures rather than through quota-sharing arrangements that had weakened previous governments and state institutions.

Although the bloc revealed divisions during Thursday’s parliamentary confidence vote, with several lawmakers opposing specific ministries based on “political and parliamentary convictions,” it reaffirmed its commitment to the Shiite Coordination Framework, which holds around 162 seats in Iraq’s 329-member parliament and nominated Ali Al-Zaidi for prime minister.

Earlier, the National Contract bloc led by Popular Mobilization Forces chief Faleh Al-Fayyadh and the Sumariyoun Movement headed by former Labor Minister Ahmed Al-Asadi announced their withdrawal from the Reconstruction and Development coalition, accusing the alliance of marginalization and exclusion.

However, the bloc said the National Contract alliance received representation through the Agriculture Ministry based on its 11 parliamentary seats, while the five-seat Sumariyoun movement remained represented within Reconstruction and Development’s broader parliamentary coalition.

Parliament approved 14 ministers in Al-Zaidi’s cabinet on Thursday, while votes on nine key portfolios were postponed until after the Islamic holiday Eid Al-Adha following political disputes and US warnings against including armed factions in the new government.

https://www.shafaq.com/en/Iraq/Iraq-cabinet-posts-distributed-unfairly-Al-Sudani-s-bloc-says

Former MP Files Conflict-Of-Interest Complaint Against Iraqi PM, Electricity Minister

2026-05-17 Shafaq News- Baghdad Former Iraqi lawmaker Raed al-Maliki on Sunday filed a formal complaint accusing Prime Minister Ali al-Zaidi and Electricity Minister Ali Saadi Wahib of conflicts of interest linked to ongoing business dealings and financial claims involving state institutions.

The complaint was submitted to the Integrity Commission’s (CoI) Department of Prevention and the Public Prosecution Service, with copies sent to parliament’s Integrity and Legal committees, according to a statement by al-Maliki. He called on the relevant authorities to compel both officials to disclose their financial interests and remove the alleged conflicts.

According to al-Maliki, Article 20/Second of Iraq’s CoI and Illicit Gains Law No. 30 of 2011, as amended, requires officials in such cases either to relinquish those interests or leave office within 90 days.

The media offices of the prime minister and the electricity minister offered no official statement regarding the allegations.

On May 5, Iraq's Federal Supreme Court registered the first legal challenge to the constitutional validity of al-Zaidi's designation as prime minister-designate. The case was also filed by al-Maliki, acting in his capacity as a private citizen and independent political figure.

. رائد المالكي / نائب مستقل

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

Today morning, Sunday 17 / 5 We made an official report to the Integrity Authority / the Department of Defense and the Public Prosecution, and we felt all of:

- Representative Integrity Committee

- The Parliamentary Legal Committee

Regarding the conflict of interests of the Prime Minister (Ali Al-Zaidi) and the Minister of Electricity (Ali Saadi Wahib) for having ongoing contracts with the government and ministries and debts against them, which constitutes a conflict of interests prohibited by law.

We asked for legal action to be taken by the Mouma obligation to disclose the interests they have with the government and eliminate the conflict, in accordance with the Integrity and Illegal Profit Authority Act No. 30 of 2011 the rate (20/second), it must: either waive these interests, or resign the position within 90 days.

https://www.shafaq.com/en/Iraq/Former-MP-files-conflict-of-interest-complaint-against-Iraqi-PM-Electricity-Minister

The Minister Of Finance Chairs A Meeting Of Directors General And Emphasizes: The Current Phase Requires Exceptional Action.

Baghdad Today - Baghdad:Finance Minister Faleh Sari chaired a meeting of general managers on Sunday (May 17, 2026) and stressed: The current stage requires exceptional work.

The Ministry of Finance stated in a statement received by “Baghdad Today” that “Following the commencement of his duties, the Minister of Finance, Faleh Sari, chaired today an expanded meeting that included the Directors General in the Ministry’s headquarters and its affiliated formations, to discuss the priorities of the next stage and mechanisms to enhance financial and administrative performance.”

The minister stressed, according to the statement, that "the current situation requires exceptional work, highly efficient management, and financial discipline," emphasizing "the importance of unifying efforts and working as a team to confront the current economic and financial challenges."

Sari called for "maximizing public revenues in the ministry's affiliated bodies and departments, in order to contribute to fulfilling the state's financial obligations, in light of the challenges related to energy markets and the decline in the country's oil exports to unprecedented levels."

The minister stressed the need to "adopt clear time limits for completing files," emphasizing that "the current stage requires officials who have the ability to diagnose problems and provide practical solutions, and that the standard for a manager's success or failure will be achievement and taking responsibility." https://baghdadtoday.news/299420-.html

Dinar Recaps 20 5/17/26 Dinar Recaps 20 5/17/26

Iraq Economic News and Points To Ponder Sunday Morning 5-17-26

The International Monetary Fund Comments On Reports That Iraq Has Requested Financial Assistance.

Money and Business Economy News — Baghdad The International Monetary Fund said it continues to discuss the possibility of providing financial support to countries affected by rising energy and commodity prices due to the war in the Middle East, without confirming reports that Iraq had requested financial assistance.

The International Monetary Fund Comments On Reports That Iraq Has Requested Financial Assistance.

Kozak added that a number of countries are asking the Fund for support in the area of economic policies and advice on how to respond to economic shocks according to the circumstances of each country.

https://www.economy-news.net/content.php?id=69157

Finance Minister: The Current Stage Requires Exceptional Work And Rapid Progress

Economy News – Baghdad On Sunday, Iraqi Finance Minister Faleh Sari chaired an expanded meeting with the directors general of the ministry's headquarters and its affiliated departments, following his official commencement of duties, to discuss the priorities of the next phase and mechanisms for enhancing financial and administrative performance.

During the meeting, the minister stressed that the current stage requires “exceptional work, highly efficient management, and financial discipline,” emphasizing the importance of unifying efforts and working as a team to confront the current economic and financial challenges.

Sari called for maximizing public revenues in the ministry’s affiliated bodies and departments, in order to contribute to fulfilling the state’s financial obligations, in light of the challenges related to energy markets and the decline in Iraqi oil exports to levels he described as “unprecedented”.

The Minister of Finance also stressed the need to adopt clear time limits for completing files, stressing that the current stage requires officials capable of diagnosing problems and providing practical solutions, and that the standard of success will be linked to achievement and taking responsibility. https://www.economy-news.net/content.php?id=69170

Russian Banks Enter Into Financial Cooperation With Iran

banks Economy News - Follow-up The former head of Iran’s Trade Development Organization, Peyman Pak, announced on Saturday that a number of major Russian banks, including Sberbank and VTB Bank, have established active correspondent accounts with the Central Bank of Iran and banks operating in the country.

Fars News Agency quoted Pak as saying that the assets of these banks range between $400 and $500 billion for each bank, which is almost double the total assets of Iranian banks, providing a great capacity to expand financial exchanges between the two sides.

He added that linking the Iranian financial payment system “SPAM” to the Russian SPFS network contributed to reducing the time required for currency transfers for traders from several months to about 48 hours, which led to a significant increase in the volume of cash exchanges.

The financial cooperation between the two sides comes at a time when the US Treasury Department imposed new sanctions on Monday related to Iran, targeting individuals and companies run from several countries, including China.

On April 28, 2026, the US Treasury Department announced sanctions against 35 entities and individuals in Iran for helping them evade sanctions. https://www.economy-news.net/content.php?id=69127

Financial Times: Shipping Companies Are Transporting Fuel By Truck Amid The Strait Of Hormuz Crisis.

energy Economy News - Follow-up The Financial Times reported that major shipping companies have begun using trucks to transport fuel amid the partial closure of the Strait of Hormuz due to the crisis in the Middle East.

The newspaper confirmed that, with the Strait of Hormuz closed, shipping rates on the Shanghai-Gulf and Red Sea route reached record levels this week, exceeding the levels recorded during the COVID-19 pandemic.

Citing data from Clarksons research firm, she noted that the shipping cost for a standard container on this route has risen from $980 to $4,131 since May 15.

The magazine stated that "all major shipping companies, including Mediterranean Shipping Company (MSK), Maersk, CMA-CGM and Hapag-Lloyd, have opened routes to transport goods from Red Sea and Gulf of Oman ports."

The Financial Times quoted Maersk CEO Vincent Clerc as saying that a large number of trucks were used to transport the shipments.

He noted that Saudi Arabia and Iraq have allowed large numbers of trucks to enter from Iraq, Jordan and Turkey.

However, the newspaper stressed that trucks can only partially replace the capacity of container ships and large cargo vessels that used to serve the Arab Gulf states via the Strait of Hormuz. https://www.economy-news.net/content.php?id=69171

EIA: Iraq’s Oil Exports To US Rise Over The Week

2026-05-17 Shafaq News- Baghdad/ Washington Iraq’s crude oil exports to the United States rose 24,000 barrels per day (bpd) last week, US Energy Information Administration (EIA) data showed on Sunday.

Iraqi shipments averaged 100,000 bpd last week, 31.6% higher than the previous week’s average of 76,000 bpd.

Total US crude imports from nine major suppliers reached 5.404 million bpd last week. Canada remained the top supplier at 4.067 million bpd, followed by Venezuela with 588,000 bpd, Colombia with 164,000 bpd, Saudi Arabia with 154,000 bpd, and Brazil with 109,000 bpd.

Imports also included Nigeria at 87,000 bpd, Mexico at 71,000 bpd, and Ecuador at 64,000 bpd. No oil was imported from Libya this week. https://www.shafaq.com/en/Economy/EIA-Iraq-s-oil-exports-to-US-rise-over-the-week

Dollar Slips In Baghdad, Steady In Erbil

2026-05-17 Shafaq News- Baghdad/ Erbil The US dollar opened Sunday's trading slightly lower in Baghdad and unchanged in Erbil, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,800 dinars per 100 dollars, down from Saturday's 153,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 153,500 dinars and buying prices at 153,400 dinars.

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

Gold Prices Stable In Baghdad And Erbil

2026-05-17 Shafaq News- Baghdad/ Erbil Gold prices on Sunday remained constant in Baghdad and Erbil markets, hovering below the million-dinar mark, according to Shafaq News market survey.

On Baghdad's Al-Nahr Street, wholesale markets recorded a selling price of 982,000 IQD per mithqal (equivalent to five grams) for 21-carat Gulf, Turkish, and European gold, with a buying price of 978,000 IQD, the same as the previous session.

Iraqi 21-carat gold sold at 952,000 IQD per mithqal, with a buying price of 948,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 985,000 and 995,000 IQD per mithqal, while Iraqi gold sold between 955,000 and 965,000 IQD.

In Erbil, prices also declined, with 22-carat gold selling at 1.021 million IQD per mithqal, 21-carat at 975,000 IQD, and 18-carat at 835,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-stable-in-Baghdad-and-Erbil

CBI: Iraq's Foreign Reserves Shed $1.8 Billion In A Single Week

2026-05-17 Shafaq News- Baghdad Iraq's foreign currency reserves fell sharply in the final week of April, according to fresh financial indicators published by the Central Bank of Iraq (CBI).

Net foreign assets held by the central bank declined from 125.614 trillion dinars on April 23 to 123.269 trillion dinars —approximately $93.3 billion— by the end of the month, a drop of 2.345 trillion dinars in seven days, equivalent to some $1.8 billion based on a Shafaq News calculation derived from central bank data. Other official reserves fell in parallel, settling at 122.780 trillion dinars.

Economic analyst Nabil al-Marsoumi attributed the continued decline directly to falling oil revenues.

CBI: Iraq's foreign reserves shed $1.8 billion in a single week - Shafaq News

https://www.shafaq.com/en/Economy/CBI-Iraq-s-foreign-reserves-shed-1-8-billion-in-a-single-week

DINARRECAPS8 5/17/26 DINARRECAPS8 5/17/26

Seeds of Wisdom RV and Economics Updates Sunday Morning 5-17-26

Good Morning Dinar Recaps,

Taiwan Independence Remarks Raise New Flashpoint in US–China Power Struggle

Taipei’s latest sovereignty declaration is intensifying geopolitical tensions at a time when global markets are already facing mounting uncertainty over trade, military alliances, and the future balance of economic power.

Good Morning Dinar Recaps,

Taiwan Independence Remarks Raise New Flashpoint in US–China Power Struggle

Overview

Taiwan President Lai Ching-te declared that “Taiwan independence” means the island does not belong to Beijing and that only Taiwan’s people can determine their future. The comments followed the recent summit between US President Donald Trump and Chinese President Xi Jinping, where Trump reiterated that Washington does not officially support Taiwanese independence.

The remarks are significant because they touch one of the most sensitive issues in global geopolitics. China continues to view Taiwan as part of its territory and has repeatedly warned that formal moves toward independence could trigger military action.

Markets and governments are closely watching the situation because any escalation involving Taiwan could disrupt global trade routes, semiconductor production, energy markets, and international supply chains — all of which are deeply connected to the evolving discussions surrounding a global financial reset and the emergence of a more fragmented multipolar world order.

Key Developments

1. Taiwan Reasserts Sovereignty Position

President Lai emphasized that Taiwan is already a sovereign nation operating under the Republic of China framework and is not subordinate to the People’s Republic of China.

His statement reinforced Taiwan’s long-standing position that the island’s future should only be determined by its own citizens, not by Beijing.

The comments are likely to intensify pressure from China, which views such language as crossing political red lines.

2. US–China Relations Enter Another Sensitive Phase

The timing of Lai’s comments is especially important because they came immediately after the Trump–Xi summit.

Trump stated that the United States is not encouraging Taiwanese independence, signaling Washington’s attempt to avoid direct escalation while still maintaining strategic support for Taipei.

This balancing act reflects the increasingly fragile relationship between the world’s two largest economies.

3. Taiwan Remains Critical to the Global Economy

Taiwan sits at the center of the global semiconductor industry, making it one of the most strategically important economies in the world.

Any instability involving Taiwan could impact:

Technology supply chains
Artificial intelligence development
Global manufacturing
Shipping routes in the Indo-Pacific
Currency and commodity markets

Investors increasingly view Taiwan tensions as one of the biggest long-term threats to global economic stability.

4. Multipolar Financial Realignment Continues

The Taiwan issue is also becoming tied to the broader geopolitical realignment now underway between the United States, China, BRICS nations, and regional powers across Asia and the Middle East.

As tensions rise, countries continue accelerating efforts to:

Diversify trade partnerships
Reduce reliance on Western financial systems
Strengthen regional alliances
Expand local currency trade mechanisms
Increase gold and strategic reserve holdings

This gradual fragmentation is one of the defining trends driving discussions around a possible global financial reset.

Why It Matters

The Taiwan issue is no longer just a regional political dispute. It now represents a major fault line in the global economic system.

The world economy depends heavily on stable trade flows through Asia, semiconductor production from Taiwan, and cooperation between the United States and China.

Any escalation could trigger:

Supply chain disruptions
Energy price volatility
Currency instability
Stock market selloffs
Acceleration of de-dollarization efforts

Global investors are increasingly treating geopolitical risk as a direct financial risk.

Why It Matters to Foreign Currency Holders

For foreign currency and precious metals investors, Taiwan tensions reinforce the growing importance of geopolitical positioning in global finance.

Periods of rising instability often increase interest in:

Gold and silver
Alternative reserve currencies
BRICS trade systems
Energy-backed agreements
Strategic commodity investments

The deeper the divide becomes between major powers, the faster the world may move toward competing financial blocs rather than a single unified economic system.

Implications for the Global Reset

Pillar 1: Geopolitical Fragmentation

Taiwan remains one of the most dangerous geopolitical flashpoints on Earth. Escalation could accelerate the transition toward a multipolar global order divided into competing economic and military spheres.

Pillar 2: Financial System Realignment

As tensions grow between Washington and Beijing, nations may continue reducing exposure to systems controlled by geopolitical rivals, increasing momentum behind local currency settlements, reserve diversification, and regional financial cooperation.

Conclusion

President Lai’s remarks have once again placed Taiwan at the center of the global geopolitical conversation.

While no immediate confrontation appears imminent, the situation highlights how fragile international stability has become as economic competition, military strategy, and financial realignment increasingly overlap.

For markets, governments, and investors alike, Taiwan is no longer simply a diplomatic issue — it is a central piece of the evolving struggle over the future structure of global power and finance.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

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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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DINARRECAPS8 5/17/26 DINARRECAPS8 5/17/26

Iraq Economic News And Points To Ponder Late Saturday Evening 5-16-26

An Economist Confirms The Possibility Of Resorting To The Central Bank's Reserves To Compensate For The Deficit.

Baghdad... Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the Central Bank of Iraq's cash reserves, which exceed $90 billion, while simultaneously warning of the potential for inflation within Iraq.

He added, "The $60 billion represents the value of the issued Iraqi dinar, but a decrease in the dinar's value below this financial backing would allow for domestic inflation."

An Economist Confirms The Possibility Of Resorting To The Central Bank's Reserves To Compensate For The Deficit.

Qusay told Al-Maalouma, "The Central Bank of Iraq's reserves amount to $90 billion, in addition to 170 tons of gold. If borrowing from these reserves is adopted, it is possible to maintain financial flexibility down to $60 billion."
He added, "The $60 billion represents the value of the issued Iraqi dinar, but a decrease in the dinar's value below this financial backing would allow for domestic inflation."

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

He indicated that "the possibility of resorting to borrowing from the Central Bank's reserves, or the aforementioned inflation, could occur six months after this May, as the government can secure salaries for this period." End 25N

https://almaalomah.me/news/131759/economy/خبير-اقتصادي-يؤكد-إمكانية-اللجوء-لاحتياطي-البنك-المركزي-لتعو

Al-Hilali Reveals Details Of The US Deadline For Al-Zidi's Government: Six Months For Evaluation And Another To Decide On Support

latest news Saturday, May 16, 2026 Baghdad - One News The Arabic 21 website quoted former Prime Minister's advisor Ayed Al-Hilali as saying that Prime Minister Ali Al-Zaidi is required to make very significant changes in order to implement what he described as the United States' conditions.

Al-Hilali explained that Washington gave Al-Zaidi an initial six-month grace period to assess the performance of his government, followed by a similar extension before making a decision on whether to continue supporting him or abandon him.

He added that American officials, including Ambassador Tom Barrack, expressed a clear desire to deal with Al-Zaidi's government, noting that American support would not be free, but rather linked to the existence of a political and executive quid pro quo for this support. https://1news-iq.net/الهلالي-يكشف-تفاصيل-المهلة-الأمريكية/

A Member Of The Parliamentary Finance Committee Told NINA: "The Next Stage Will Be Very Difficult... Economically."

Saturday, May 16, 2026 08:49 | Economy Baghdad / NINA / Member of the Parliamentary Finance Committee, MP Mustafa al-Karawi, affirmed that Iraq is facing a very difficult economic phase, attributing this to the widening budget deficit, low revenues, and the failure to find alternatives to oil to finance the country's economy.

Al-Karawi told the Iraqi National News Agency ( NINA 😞 "Following the economic crisis that occurred in the region due to the Iran-US war and the previous Iraqi government's inability to find solutions for oil exports, the budget deficit and low revenues have widened due to the failure to find alternatives to oil by increasing non-oil revenues."

The Finance Committee member emphasized: "The coming period will be very difficult due to the lack of non-oil funding sources, as non-oil revenues constitute only 10% of total revenues. This will significantly impact the revenue generated and its direct dependence on external regional conditions." He explained: "The continuation of this situation will greatly affect the provision of services and the implementation of investment projects due to the lack of financial liquidity."

He expressed his hope that the new government would find real solutions to build a strong domestic economy and establish systems to effectively manage non-oil revenues, significantly reducing dependence on oil. https://ninanews.com/Website/News/Details?key=1295740

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

Government Advisor: The Budget Is Going Through A Complex Funding Crisis And Salaries Are A "Sacred Issue"

Exclusive to Alsumaria 2026-05-16 | 13:07 The economic and financial advisor to the Prime Minister said, Mazhar Muhammad Salih On Saturday, he said the general budget is facing a major crisis as a result of funding disruptions, attributing this to what he described as the shock of the shutdown. Strait of Hormuz Against the backdrop of tensions betweenIranAnd the United States, which was reflected in the smooth and proper delivery of about 90% of the budget resources.

Saleh stated in an interview with Alsumaria News He noted that "short-term measures are being worked on," indicating that there is significant coordination and cooperation between fiscal and monetary policies to ensure the continued functioning of the government and the fulfillment of essential obligations.

He explained that "the ongoing war is short-term in nature, and that government efforts are currently focused on overcoming this phase and mitigating its economic impact."

The advisor emphasized that the issue of salaries is a "sacred matter" affecting the lives of approximately 9 million employees and nearly 40 million citizens, noting that each salary supports an entire family, and that in a rentier state like Iraq Not possible Acceptance Any discussion about compromising it is unacceptable, as it is at the forefront of government priorities.

https://www.alsumaria.tv/news/alsumariaspecial/564183/مستشار-حكومي-الموازنة-تمر-بأزمة-تمويل-معقدة-والرواتب-قضية-مقدسة

Kujer To Nina: Iraq Is The Biggest Economically Affected By The US-Iran War

Saturday, May 16, 2026 09:38 | Economy Baghdad/ NINA / Jamal Kojar, a member of the Parliamentary Finance Committee, affirmed that Iraq is the country most economically affected by the regional Iranian-American conflict. He explained that most capital has fled Iraq due to the unstable security and military situation.

In a statement to the Iraqi National News Agency ( NINA ), Kojar said, "The security and regional situation has direct and indirect effects on the Iraqi economy in several aspects. The first, main, and most impactful aspect is the oil sector, as oil production has decreased by at least three-quarters, and the oil being sold now costs more than before the war."

He added, "The second affected sector is trade, especially border crossings, as maritime traffic has been significantly impacted and complicated. The third affected sector is investment, which is experiencing near-paralysis."

Kujer continued: "The fourth aspect affected was foreign capital. After this battle and the attempts to drag Iraq into the Iran-US war, much capital fled the country, and investments were withdrawn. The fifth aspect that impacted the economy and financial situation was the measures accompanying the military operation, such as the cessation of liquidity and foreign currency support, and a long list of other effects left by the war in the region, making Iraq the most economically damaged country." /End 8. https://ninanews.com/Website/News/Details?key=1295749

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

An Iraqi Observatory Presents Three Options To The Al-Zaidi Government To Address The Financial Crisis.

Energy and Business breaking 2026-05-16 Shafaq News - Baghdad On Saturday, the "Eco Iraq" economic observatory presented three options to the government of Prime Minister Ali Faleh al-Zaidi to confront the financial crisis.

The observatory said in a statement received by Shafaq News Agency that "the Strait of Hormuz crisis has significantly affected Iraq's financial revenues, in addition to a pre-existing financial deficit and an increase in the size of the internal debt."

He added that "there are three main options before the new government headed by Ali al-Zaidi to address the crisis, the first of which is internal borrowing."

The observatory explained that "domestic borrowing is done through the issuance of bonds or treasury bills by the Ministry of Finance, which are purchased by the Central Bank of Iraq, in exchange for providing financial liquidity to the government at specific interest rates."

He pointed out that "the previous government adopted this option during the past years, which contributed to the decline of the official reserve to about 125.6 trillion Iraqi dinars."

The observatory explained that "the second option is to adjust the exchange rate of the Iraqi dinar to 150,000 dinars per 100 dollars, instead of 132,000 dinars, with the aim of increasing government revenues in dinars and reducing the financial deficit."

He explained that "this option was previously used during the government of former Prime Minister Mustafa Al-Kadhimi following the financial crisis and the drop in oil prices, with the possibility of restoring the exchange rate to previous levels if oil and financial revenues improve."

The observatory concluded its statement by saying, “The third option is to resort to external borrowing, as happened during Haider al-Abadi’s government, where some international loans were linked to reform measures and financial and economic conditions related to public spending, employment and fiscal policies.”

A source close to the International Monetary Fund revealed on Thursday that Iraq is seeking financial support from the Fund as a result of the consequences of the war in the Middle East, which has affected the flow of oil and energy supplies from producing countries. https://www.shafaq.com/ar

DINARRECAPS8 5/16/26 DINARRECAPS8 5/16/26

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 5-16-26

UK Political Shockwave: Labour Crisis and Reform UK Surge Signal Deep Western Realignment

Mounting instability inside Britain’s ruling government is raising broader questions about political legitimacy, economic confidence, and the future direction of Western financial systems

The collapse in support for the UK Labour government reflects a wider global trend of political fragmentation, voter dissatisfaction, and growing pressure on establishment institutions.

UK Political Shockwave: Labour Crisis and Reform UK Surge Signal Deep Western Realignment

Mounting instability inside Britain’s ruling government is raising broader questions about political legitimacy, economic confidence, and the future direction of Western financial systems

The collapse in support for the UK Labour government reflects a wider global trend of political fragmentation, voter dissatisfaction, and growing pressure on establishment institutions.

OVERVIEW (KEY POINTS)

The British political system was shaken following major local election losses for Prime Minister Keir Starmer’s Labour government, triggering reports of internal party unrest, leadership pressure, and cabinet instability.

At the center of the turmoil is the rapid rise of Reform UK, led by Nigel Farage, which gained significant ground in local elections and expanded support among working-class voters traditionally aligned with Labour.

The political instability comes as Britain continues facing economic stagnation, inflation concerns, energy pressure, and growing public dissatisfaction with establishment leadership across Europe and the West.

The broader implication extends beyond UK politics alone. Financial markets closely monitor political stability in major Western economies because leadership uncertainty can affect currency confidence, fiscal policy, trade relations, and investor sentiment.

KEY DEVELOPMENTS

1. Labour Suffers Major Local Election Losses

The local election results delivered a major setback to Labour leadership.

Reform UK reportedly gained more than 1,400 council seats
Labour lost significant support in traditional working-class regions
Analysts described the results as a major political realignment

2. Leadership Pressure Intensifies Around Keir Starmer

Internal party tensions reportedly escalated rapidly after the elections.

Multiple reports described growing dissatisfaction among Labour MPs
Calls for leadership accountability increased inside the party
Questions emerged about Labour’s long-term electoral strategy

3. Reform UK Expands National Influence

The rise of Reform UK reflects broader populist momentum.

The party continues gaining support among voters frustrated with establishment politics
Immigration, cost-of-living pressures, and economic concerns remain central issues
Political analysts increasingly view Reform UK as a significant force in future elections

4. Markets Watch Political Stability Closely

Political fragmentation can directly affect financial confidence.

UK government instability may increase uncertainty around fiscal policy
Currency markets remain sensitive to leadership disruptions in major economies
Investors continue monitoring European political shifts alongside global energy tensions

5. Wider Western Political Realignment Continues

The UK developments mirror trends seen across multiple Western nations.

Establishment parties in Europe and North America continue facing voter backlash
Economic pressure and inflation remain major political drivers
Populist and nationalist movements are gaining influence across several regions

WHY IT MATTERS

Political stability is a major pillar of modern financial systems. When governments face internal fractures and declining public support, markets begin reassessing long-term economic confidence and policy continuity.

Britain remains one of the world’s largest financial centers through the City of London. Significant political instability can therefore influence global investment flows, bond markets, currency sentiment, and broader Western economic confidence.

The growing disconnect between political institutions and working-class voters is also becoming a defining issue across many developed economies, increasing pressure on governments to rethink economic and trade policies.

At the global level, rising political fragmentation across Western nations may accelerate the transition toward a more multipolar geopolitical and financial environment.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Political instability can weaken confidence in major currencies over time
Investor uncertainty may increase volatility in the British pound
Global capital may continue diversifying into commodities and gold
Shifting political coalitions could reshape fiscal and monetary priorities

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Western Political Fragmentation Weakens Centralized Consensus

Growing instability across major Western democracies may reduce the ability of governments to maintain unified economic and geopolitical strategies.

Pillar 2: Multipolar Financial and Political Systems Continue Emerging

As trust in traditional institutions declines, countries and markets increasingly explore alternative alliances, reserve structures, and economic partnerships outside legacy frameworks.

CONCLUSION

The political turbulence unfolding in the United Kingdom reflects more than a domestic leadership challenge.

It highlights deeper pressures building across Western democracies as voters respond to economic stress, inflation, migration debates, and dissatisfaction with traditional political structures.

While Britain’s financial system remains globally important, rising political instability adds another layer of uncertainty at a time when the global economy is already navigating energy disruptions, geopolitical tensions, and structural financial change.

Political realignment and financial realignment are increasingly unfolding at the same time — and markets are paying close attention to both.

Seeds of Wisdom Team
Newshounds News™ Exclusive

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Iraq Economic News And Points To Ponder Saturday Afternoon 5-16-26

Baghdad Targets 500k Bpd Export Goal Via Turkiye Amid Increased Hormuz Risks

2026-05-16 Shafaq News- Baghdad Iraq’s new Oil Minister Basim Khudhair al-Abadi warned on Saturday that escalating regional tensions threaten energy flows through the Strait of Hormuz, as Baghdad moves to ramp up crude exports via Turkiye and address long-standing production disputes with the Kurdistan Region.

Speaking during a press conference at the ministry on his first day in office, he pointed to a sharp decline in exports, stating that Iraq shipped an average of 93 million barrels per month before the latest US-Iran escalation, while volumes fell to around 10 million barrels in April.

Baghdad Targets 500k Bpd Export Goal Via Turkiye Amid Increased Hormuz Risks

Despite the slowdown, Iraq continues to export around 200,000 bpd from Kirkuk through Turkiye’s Ceyhan port, with plans to raise flows to as much as 500,000 bpd. Achieving that target, he remarked, depends on the return of international oil companies operating in the Kurdistan Region, several of which have recently suspended operations.

“The government is treating the energy file in the Kurdistan Region as a priority,” he added, referring to efforts aimed at narrowing gaps between Baghdad and Erbil and aligning production frameworks across the country.

Khudhair noted that crude production from Basra and Kirkuk currently stands at no more than 1.4 million barrels per day (bpd), reflecting continued uncertainty in one of the country’s key economic sectors.

He also urged the Organization of the Petroleum Exporting Countries (OPEC) and the international community to support an increase in Iraq’s production ceiling, arguing that higher output is needed to fund infrastructure, public services, and state operating costs.

https://www.shafaq.com/en/Economy/Baghdad-targets-500k-bpd-export-goal-via-Turkiye-amid-increased-Hormuz-risks

Dollar Dips In Baghdad, Rises In Erbil

2026-05-16 Shafaq News- Baghdad/ Erbil The US dollar closed Saturday's trading lower in Baghdad and higher in Erbil, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,800 dinars per 100 dollars, down from the morning session’s 153,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,250 dinars and bought it at 153,250 dinars, while in Erbil, selling prices stood at 153,600 dinars and buying prices at 153,500 dinars.

Speaking to Shafaq News, Jabbar Goran, spokesperson for the currency market in al-Sulaymaniyah, Iraqi Kurdistan, expected the formation of Iraq’s new government to help lower the dollar exchange rate against the dinar in local markets, citing anticipated “US support” that could positively affect the financial market.

Goran predicted the exchange rate could fall below 150,000 dinars per 100 dollars in the coming period if regional conditions stabilize. He added that the gap between the official exchange rate of 132,000 dinars and the market rate should normally remain within 12,000 to 13,000 dinars. https://www.shafaq.com/en/Economy/Dollar-dips-in-Baghdad-rises-in-Erbil

Gold Prices Slip In Baghdad And Erbil

2026-05-16 Shafaq News- Baghdad/ Erbil Gold prices fell Saturday in Baghdad and Erbil markets, hovering below the million-dinar mark, according to Shafaq News market survey.

Iraqi 21-carat gold sold at 952,000 IQD per mithqal, with a buying price of 948,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 985,000 and 995,000 IQD per mithqal, while Iraqi gold sold between 955,000 and 965,000 IQD.

Iraq’s Gulf Power Project To Supply 500 Megawatts

2026-05-16 Shafaq News- Baghdad/ Basra The Gulf electricity interconnection project with Iraq has reached 94% completion, with the first phase expected to supply 500 megawatts of additional electricity to the national grid, Iraq’s Electricity Ministry announced on Saturday.

The Gulf Cooperation Council (GCC) states signed the implementation contract for the project in October 2024, aiming to supply Iraq with around 3.94 terawatt-hours of electricity annually at prices lower than domestic production costs. The project's original completion deadline of end-2025 was missed, with the launch subsequently pushed back without a revised date confirmed by officials.

Completed works include full construction of concrete tower foundations, installation of 112 out of 221 transmission towers within the Iraqi section, and the completion of 73 kilometers of power line wiring alongside 63 kilometers of Optical Ground Wire (OPGW) communications cable.

Technical teams from the South Electricity Transmission Company continue work on the 400-kilovolt interconnection line linking Kuwait’s Al-Wafra power station to the Al-Faw converter station in southern Iraq as part of what the ministry described as strategic projects aimed at supporting grid stability during the summer season. The project stretches approximately 285 kilometers, including 76.7 kilometers inside Iraqi territory from the Safwan border area to Al-Faw station.

https://www.shafaq.com/en/Economy/Iraq-s-Gulf-power-project-to-supply-500-megawatts

PM Al-Zaidi Chairs First Financial Stability Council Meeting Hours After Launch

2026-05-16 Shafaq News- Baghdad Iraqi Prime Minister Ali al-Zaidi on Saturday chaired the first meeting of the newly established Financial Stability Council, only hours after ordering its creation during his cabinet’s inaugural session.

The council includes Finance Minister Falih al-Sari and the governor of the Central Bank of Iraq (CBI), Ali al-Alaq.

Al-Zaidi stressed the importance of financial stability and its impact on Iraq’s economic and development plans, calling for close coordination between the Finance Ministry and CBI. He also emphasized the need for financial decisions that support economic stability and strengthen the government’s service, development, and economic agenda.

What the Program Says?

Al-Zaidi's ministerial program commits to establishing a Supreme Council for Financial Stability to coordinate between fiscal and monetary policy, the body that held its first meeting on Saturday.

The program assigns the council a specific economic agenda: financial discipline, restructuring of public expenditure, enhancing non-oil revenues, and digitizing revenue collection in cooperation with relevant international institutions.

On banking, the program commits to reform aligned with international standards, anti-money laundering compliance, and structured coordination between the Central Bank and the fiscal authority.

The council is one of three new economic bodies mandated by the program. The other two are a Supreme Investment Council for foreign direct investment, and a Generations Fund to preserve Iraqi citizens' share of oil and natural resource revenues.

https://www.shafaq.com/en/Economy/PM-Al-Zaidi-chairs-first-Financial-Stability-Council-meeting-hours-after-launch

Who Stole Our Marble?

Mazhar Muhammad Salih Articles Economy News – Baghdad A heated intellectual debate raged in the corridors of research, where monetary policy was formulated in the heart of Baghdad. Marxists, graduates of British universities, argued with liberals, graduates of Iraqi universities, in a debate that spanned the 1950s and 1970s.

The central point of contention was the concept of the "public good"—that benefit created for all people, from which no one is excluded, and whose use by one individual does not diminish the rights of others, such as security, bridges, parks, and public lighting.

The name of Paul Samuelson was frequently invoked as one of the most prominent theorists of this concept in modern economics, as he argued that a state is not measured solely by its wealth, but also by its capacity to protect what belongs to everyone.

But the question that lingered above all that debate was even more brutal than the theories themselves:

Did people really need that extravagant display of civilization represented by the escalators in the Tahrir Square tunnel in the 1970s?

That tunnel, which was built as a symbol of modern Baghdad, is surrounded by shops in an elegant circular formation, and topped with captivating architectural details, until its walls and columns became covered with shiny Italian marble, as if the city wanted to give its citizens something of the dignity and beauty of great cities.

Marxists saw this as a victory for the idea of the common right.

In their view, beauty was not a privilege reserved for the wealthy alone, but a right for all people. They echoed Karl Marx's ideas about the alienation of individuals when their shared wealth is taken from them, and the fruits of society become the private property of a few. Liberals, on the other hand, considered it a luxury incompatible with an economy burdened by poverty and inequality, arguing that the state should spend on necessities, not on marble and escalators.

Then the years passed, wars followed one another, the electricity went out, the stairs broke down, the maintenance systems deteriorated, and Iraq entered the era of the long siege as a silent war, an era that not only destroyed the economy, but also destroyed the very meaning of things, until the “public good” became an orphaned entity with no one to protect it.

And the marble remained alone.

It shines with a sad silence in an empty tunnel, its whiteness reflected on the facades of empty shops, as if trying to remember the Baghdad that was once here.

Until one morning the city awoke to a heavy whisper circulating in our research circles:

The marble has disappeared.

The Italian marble that once adorned the Tahrir Square tunnel has vanished, replaced by drab, gloomy stones that have robbed the place of its last vestiges of beauty. Everyone stood stunned, Marxists and liberals alike, all intellectual distance between them suddenly collapsing before this painful truth:

Marble from the "public good" was smuggled to complete the decoration of a palace.

Thus, what was made for all people became the private property of one individual.

But the story didn't end with the tunnel. A few days later, one of the largest government buildings, clad in the same Italian marble, was stripped bare and replaced with somber, gloomy rocks, while fearful whispers spread the same truth:

State marble joined the tunnel marble, and settled there… in the same palaces.

Only then did it seem as though Baghdad was reliving all the philosophers' warnings at once. Jean-Jacques Rousseau believed that the erosion of justice begins when what is common among people is seized, because the social contract itself is based on upholding the common good, not usurping it.

Hannah Arendt, on the other hand, saw the erosion of the public sphere as beginning when the things that unite people become instruments of domination and privilege. At that point, cities not only lose their beauty but also their capacity to be a home for all. And then, the collapse of the public sphere signifies the decline of politics itself, its transformation into domination or fear.

Thus, the stolen marble was not merely white stone moved from one wall to another; it was a piece of the city's memory being silently torn away, a painful declaration of the transformation of "public property" from a shared right into plunder, from beauty belonging to the people into ornamentation belonging to the authorities.

And the ruin of a state begins when public affairs become tools in the hands of power or fear.

And the question remains, after all these years: When will the people's marble return to the people?

When will the state regain the meaning of public interest before it loses even its memory?

https://www.economy-news.net/content.php?id=69120